IPM Petite Ile: 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.
What changed
IPM Petite Ile
NACE 18.110, Printing and reproduction of recorded media
financial year 2025 compared with 2023not consecutivefiled annual accounts (NBB)
Net result for the year
-€2.7m
2023 · -€880,524-€1.8m
Equity
€1.9m
2023 · €4.6m-€2.7m
Cash
€1,297
2023 · €841+€456
Balance sheet total
€3.3m
2023 · €6.0m-€2.7m
Largest movements
Assets
- Receivables after one year -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Receivables within one year -€812,508
down €812,508 (-19.8%), from €4.1m to €3.3m
of which Trade receivables: -€1.9m
- Tangible fixed assets -€565,534
down €565,534 (-100%), from €565,534 to €0
of which Land and buildings: -€322,042
- Stocks and contracts -€141,991
down €141,991 (-100%), from €141,991 to €0
- Formation expenses -€117,278
down €117,278 (-100%), from €117,278 to €0
Equity and liabilities
- Profit (loss) carried forward -€2.7m
down €2.7m, from €703,777 to -€2.0m
- Tax, wage and social debts +€390,010
up €390,010 (+49.3%), from €790,512 to €1.2m
of which Remuneration and social security: +€567,299
- Trade debts -€233,511
down €233,511 (-64.5%), from €362,143 to €128,632
- Provisions -€82,825
down €82,825 (-65.0%), from €127,356 to €44,531
- Short-term financial debts -€74,178
down €74,178 (-100%), from €74,178 to €0
Income statement
- Turnover -€2.7m
down €2.7m (-48.0%), from €5.5m to €2.9m
- Other operating income +€603,326
up €603,326 (+154%), from €392,533 to €995,860
- Depreciation -€487,117
down €487,117 (-71.7%), from €679,778 to €192,661
- Goods and materials -€400,023
down €400,023 (-24.0%), from €1.7m to €1.3m
of which Purchases: -€436,394
- Staff costs -€294,331
down €294,331 (-10.7%), from €2.8m to €2.5m
From the 2023 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.
Result 2023
-€880,524
Turnover
-€2.7m
Other operating income
+€603,326
Goods and materials
+€400,023
Services and other goods
-€54,170
Staff costs
+€294,331
Depreciation
+€487,117
Write-downs
-€23,659
Provisions
+€44,129
Other operating charges
-€63,908
Other operating items
-€892,489
Financial income
+€64,296
Financial charges
-€2,111
Taxes
+€299
Result 2025
-€2.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,991,022 | €3,302,618 | -€2.7m | -44.9% |
| Formation expenses | 20 | €117,278 | €0 | -€117,278 | -100% |
| Fixed assets | 21/28 | €565,633 | €20 | -€565,613 | -100.0% |
| Tangible fixed assets | 22/27 | €565,534 | €0 | -€565,534 | -100% |
| Land and buildings | 22 | €322,042 | €0 | -€322,042 | -100% |
| Plant, machinery and equipment | 23 | €241,361 | €0 | -€241,361 | -100% |
| Furniture and vehicles | 24 | €3 | €0 | -€3 | -100% |
| Leasing and similar rights | 25 | €2,127 | €0 | -€2,127 | -100% |
| Financial fixed assets | 28 | €99 | €20 | -€79 | -79.9% |
| Affiliated companies | 280/1 | €20 | €20 | = | 0.0% |
| Participating interests | 280 | €20 | €20 | = | 0.0% |
| Amounts receivable | 281 | - | €0 | = | |
| Other financial fixed assets | 284/8 | €79 | - | -€79 | |
| Amounts receivable and cash guarantees | 285/8 | €79 | - | -€79 | |
| Current assets | 29/58 | €5,308,111 | €3,302,598 | -€2.0m | -37.8% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €0 | -€1.0m | -100% |
| Other amounts receivable | 291 | €1,000,000 | €0 | -€1.0m | -100% |
| Stocks and contracts in progress | 3 | €141,991 | €0 | -€141,991 | -100% |
| Stocks | 30/36 | €141,991 | €0 | -€141,991 | -100% |
| Raw materials and consumables | 30/31 | €141,991 | €0 | -€141,991 | -100% |
| Amounts receivable within one year | 40/41 | €4,113,809 | €3,301,301 | -€812,508 | -19.8% |
| Trade receivables | 40 | €2,019,965 | €119,997 | -€1.9m | -94.1% |
| Other amounts receivable | 41 | €2,093,844 | €3,181,304 | +€1.1m | +51.9% |
| Cash at bank and in hand | 54/58 | €841 | €1,297 | +€456 | +54.1% |
| Deferred charges and accrued income | 490/1 | €51,469 | €0 | -€51,469 | -100% |
| Total equity and liabilities | 10/49 | €5,991,022 | €3,302,618 | -€2.7m | -44.9% |
| Equity | 10/15 | €4,632,092 | €1,948,838 | -€2.7m | -57.9% |
| Contributions | 10/11 | €3,720,000 | €3,720,000 | = | 0.0% |
| Capital | 10 | €3,720,000 | €3,720,000 | = | 0.0% |
| Issued capital | 100 | €3,720,000 | €3,720,000 | = | 0.0% |
| Reserves | 13 | €208,314 | €208,314 | = | 0.0% |
| Non-distributable reserves | 130/1 | €208,314 | €208,314 | = | 0.0% |
| Legal reserve | 130 | €208,314 | €208,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | €703,777 | -€1,979,476 | -€2.7m | |
| Provisions and deferred taxes | 16 | €127,356 | €44,531 | -€82,825 | -65.0% |
| Provisions for liabilities and charges | 160/5 | €127,356 | €44,531 | -€82,825 | -65.0% |
| Pensions and similar obligations | 160 | €127,356 | €44,531 | -€82,825 | -65.0% |
| Amounts payable | 17/49 | €1,231,575 | €1,309,249 | +€77,674 | +6.3% |
| Amounts payable within one year | 42/48 | €1,226,902 | €1,309,249 | +€82,347 | +6.7% |
| Financial debts | 43 | €74,178 | €0 | -€74,178 | -100% |
| Credit institutions | 430/8 | €74,178 | €0 | -€74,178 | -100% |
| Trade debts | 44 | €362,143 | €128,632 | -€233,511 | -64.5% |
| Suppliers | 440/4 | €362,143 | €128,632 | -€233,511 | -64.5% |
| Taxes, remuneration and social security | 45 | €790,512 | €1,180,522 | +€390,010 | +49.3% |
| Taxes | 450/3 | €585,292 | €408,003 | -€177,289 | -30.3% |
| Remuneration and social security | 454/9 | €205,220 | €772,519 | +€567,299 | +276% |
| Other amounts payable | 47/48 | €68 | €95 | +€27 | +38.9% |
| Accrued charges and deferred income | 492/3 | €4,673 | €0 | -€4,673 | -100% |
| Operating income | 70/76A | €5,929,618 | €6,851,852 | +€922,234 | +15.6% |
| Turnover | 70 | €5,537,085 | €2,877,171 | -€2.7m | -48.0% |
| Other operating income | 74 | €392,533 | €995,860 | +€603,326 | +154% |
| Non-recurring operating income | 76A | - | €2,978,821 | +€3.0m | |
| Operating charges | 60/66A | €6,805,478 | €9,592,925 | +€2.8m | +41.0% |
| Goods for resale, raw materials and consumables | 60 | €1,665,648 | €1,265,625 | -€400,023 | -24.0% |
| Purchases | 600/8 | €1,560,027 | €1,123,634 | -€436,394 | -28.0% |
| Change in stocks: decrease (increase) | 609 | €105,620 | €141,991 | +€36,371 | +34.4% |
| Services and other goods | 61 | €1,677,839 | €1,732,009 | +€54,170 | +3.2% |
| Remuneration, social security and pensions | 62 | €2,755,661 | €2,461,330 | -€294,331 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679,778 | €192,661 | -€487,117 | -71.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€37,484 | -€13,825 | +€23,659 | +63.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€38,696 | -€82,825 | -€44,129 | -114% |
| Other operating charges | 640/8 | €102,732 | €166,639 | +€63,908 | +62.2% |
| Non-recurring operating charges | 66A | - | €3,871,311 | +€3.9m | |
| Operating profit (loss) | 9901 | -€875,860 | -€2,741,073 | -€1.9m | -213% |
| Financial income | 75/76B | €3,568 | €67,863 | +€64,296 | +1,802% |
| Recurring financial income | 75 | €3,568 | €67,863 | +€64,296 | +1,802% |
| Income from current assets | 751 | - | €67,863 | +€67,863 | |
| Other financial income | 752/9 | €3,568 | - | -€3,568 | |
| Financial charges | 65/66B | €7,933 | €10,044 | +€2,111 | +26.6% |
| Recurring financial charges | 65 | €7,933 | €10,044 | +€2,111 | +26.6% |
| Debt charges | 650 | €5,771 | €6,319 | +€548 | +9.5% |
| Other financial charges | 652/9 | €2,162 | €3,725 | +€1,563 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | -€880,225 | -€2,683,254 | -€1.8m | -205% |
| Income taxes | 67/77 | €299 | - | -€299 | |
| Taxes | 670/3 | €299 | - | -€299 | |
| Profit (loss) for the period | 9904 | -€880,524 | -€2,683,254 | -€1.8m | -205% |
| Profit (loss) for the period to be appropriated | 9905 | -€880,524 | -€2,683,254 | -€1.8m | -205% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.