IPLOGY: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IPLOGY
Largest movements
- Tangible fixed assets +€698,730
up €698,730 (+39.6%), from €1.8m to €2.5m
- Debts after one year +€406,667
up €406,667 (+46.7%), from €870,907 to €1.3m
- Other debts +€281,164
up €281,164 (+37.8%), from €743,453 to €1.0m
- Current portion of long-term debt +€28,412
up €28,412 (+49.4%), from €57,465 to €85,877
- Gross operating margin +€72,983
up €72,983 (+100.5%), from €72,641 to €145,624
- Depreciation +€40,071
up €40,071 (+70.4%), from €56,913 to €96,983
- Financial charges +€21,985
up €21,985 (+65.4%), from €33,622 to €55,607
- Other operating charges +€2,040
up €2,040 (+27.5%), from €7,407 to €9,447
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,799,869 | €2,488,556 | +€688,687 | +38.3% |
| Fixed assets | 21/28 | €1,766,496 | €2,465,226 | +€698,730 | +39.6% |
| Tangible fixed assets | 22/27 | €1,766,496 | €2,465,226 | +€698,730 | +39.6% |
| Land and buildings | 22 | €1,766,496 | €2,465,226 | +€698,730 | +39.6% |
| Current assets | 29/58 | €33,374 | €23,330 | -€10,044 | -30.1% |
| Amounts receivable within one year | 40/41 | €237 | - | -€237 | |
| Other amounts receivable | 41 | €237 | - | -€237 | |
| Cash at bank and in hand | 54/58 | €31,567 | €23,330 | -€8,237 | -26.1% |
| Deferred charges and accrued income | 490/1 | €1,570 | - | -€1,570 | |
| Total equity and liabilities | 10/49 | €1,799,869 | €2,488,556 | +€688,687 | +38.3% |
| Equity | 10/15 | €111,435 | €95,021 | -€16,414 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,735 | €24,735 | = | 0.0% |
| Distributable reserves | 133 | €24,735 | €24,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,100 | €51,686 | -€16,414 | -24.1% |
| Amounts payable | 17/49 | €1,688,435 | €2,393,535 | +€705,100 | +41.8% |
| Amounts payable after more than one year | 17 | €870,907 | €1,277,574 | +€406,667 | +46.7% |
| Financial debts | 170/4 | €870,907 | €1,277,574 | +€406,667 | +46.7% |
| Amounts payable within one year | 42/48 | €810,448 | €1,113,649 | +€303,201 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €57,465 | €85,877 | +€28,412 | +49.4% |
| Trade debts | 44 | €7,846 | €1,031 | -€6,815 | -86.9% |
| Suppliers | 440/4 | €7,846 | €1,031 | -€6,815 | -86.9% |
| Taxes, remuneration and social security | 45 | €1,684 | €2,124 | +€440 | +26.1% |
| Taxes | 450/3 | €1,684 | €2,124 | +€440 | +26.1% |
| Other amounts payable | 47/48 | €743,453 | €1,024,617 | +€281,164 | +37.8% |
| Accrued charges and deferred income | 492/3 | €7,080 | €2,312 | -€4,768 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,913 | €96,983 | +€40,071 | +70.4% |
| Other operating charges | 640/8 | €7,407 | €9,447 | +€2,040 | +27.5% |
| Gross operating margin | 9900 | €72,641 | €145,624 | +€72,983 | +100.5% |
| Operating profit (loss) | 9901 | €8,321 | €39,193 | +€30,872 | +371.0% |
| Financial income | 75/76B | €887 | - | -€887 | |
| Recurring financial income | 75 | €887 | - | -€887 | |
| Financial charges | 65/66B | €33,622 | €55,607 | +€21,985 | +65.4% |
| Recurring financial charges | 65 | €33,622 | €55,607 | +€21,985 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,414 | -€16,414 | +€8,001 | +32.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€24,414 | -€16,414 | +€8,001 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,414 | -€16,414 | +€8,001 | +32.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.