IPM ADVICE: what changed
Two financial 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.
IPM ADVICE
Largest movements
- Cash +€20,955
up €20,955 (+82.6%), from €25,382 to €46,337
mainly Net result for the year (+€54,082) and Tax, wage and social debts (+€20,655)
- Tangible fixed assets -€8,371
down €8,371 (-3.3%), from €255,126 to €246,755
of which Land and buildings: -€5,999
- Reserves +€50,000
up €50,000 (+193%), from €25,900 to €75,900
- Profit (loss) carried forward -€35,918
down €35,918 (-85.6%), from €41,954 to €6,036
- Tax, wage and social debts +€20,655
up €20,655 (+208%), from €9,913 to €30,567
- Debts after one year -€17,766
down €17,766 (-10.6%), from €168,007 to €150,241
- Other debts -€4,575
down €4,575 (-71.4%), from €6,411 to €1,836
- Depreciation -€31,324
down €31,324 (-72.8%), from €43,033 to €11,708
- Taxes +€11,443
up €11,443 (+94.7%), from €12,078 to €23,521
- Gross operating margin +€6,382
up €6,382 (+6.9%), from €92,061 to €98,443
- Other operating charges -€1,246
down €1,246 (-60.0%), from €2,078 to €832
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.
Derived cash bridge
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 | €280,508 | €293,623 | +€13,115 | +4.7% |
| Fixed assets | 21/28 | €255,126 | €246,755 | -€8,371 | -3.3% |
| Tangible fixed assets | 22/27 | €255,126 | €246,755 | -€8,371 | -3.3% |
| Land and buildings | 22 | €244,476 | €238,476 | -€5,999 | -2.5% |
| Furniture and vehicles | 24 | €10,651 | €8,279 | -€2,372 | -22.3% |
| Current assets | 29/58 | €25,382 | €46,868 | +€21,486 | +84.6% |
| Cash at bank and in hand | 54/58 | €25,382 | €46,337 | +€20,955 | +82.6% |
| Deferred charges and accrued income | 490/1 | - | €531 | +€531 | |
| Total equity and liabilities | 10/49 | €280,508 | €293,623 | +€13,115 | +4.7% |
| Equity | 10/15 | €74,854 | €88,936 | +€14,082 | +18.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €25,900 | €75,900 | +€50,000 | +193% |
| Distributable reserves | 133 | €25,900 | €75,900 | +€50,000 | +193% |
| Profit (loss) carried forward | 14 | €41,954 | €6,036 | -€35,918 | -85.6% |
| Amounts payable | 17/49 | €205,654 | €204,687 | -€967 | -0.5% |
| Amounts payable after more than one year | 17 | €168,007 | €150,241 | -€17,766 | -10.6% |
| Financial debts | 170/4 | €168,007 | €150,241 | -€17,766 | -10.6% |
| Amounts payable within one year | 42/48 | €37,647 | €54,446 | +€16,799 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €20,458 | €22,043 | +€1,585 | +7.7% |
| Trade debts | 44 | €865 | - | -€865 | |
| Suppliers | 440/4 | €865 | - | -€865 | |
| Taxes, remuneration and social security | 45 | €9,913 | €30,567 | +€20,655 | +208% |
| Taxes | 450/3 | €9,913 | €30,567 | +€20,655 | +208% |
| Other amounts payable | 47/48 | €6,411 | €1,836 | -€4,575 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,033 | €11,708 | -€31,324 | -72.8% |
| Other operating charges | 640/8 | €2,078 | €832 | -€1,246 | -60.0% |
| Gross operating margin | 9900 | €92,061 | €98,443 | +€6,382 | +6.9% |
| Operating profit (loss) | 9901 | €46,950 | €85,902 | +€38,952 | +83.0% |
| Financial charges | 65/66B | €8,897 | €8,299 | -€597 | -6.7% |
| Recurring financial charges | 65 | €8,897 | €8,299 | -€597 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €38,054 | €77,603 | +€39,549 | +104% |
| Income taxes | 67/77 | €12,078 | €23,521 | +€11,443 | +94.7% |
| Profit (loss) for the period | 9904 | €25,976 | €54,082 | +€28,106 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €25,976 | €54,082 | +€28,106 | +108% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.