IPM RADIO: 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 RADIO
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+253%), from €412,287 to €1.5m
of which Other amounts receivable: +€584,407
- Cash +€1.0m
up €1.0m (+673%), from €153,555 to €1.2m
mainly Other debts (+€1.1m) and Net result for the year (+€493,841)
- Other debts +€1.1m
up €1.1m (+11,757%), from €9,569 to €1.1m
- Profit (loss) carried forward +€493,841
up €493,841 (+5.6%), from -€8.8m to -€8.3m
- Trade debts +€315,957
up €315,957 (+207%), from €152,480 to €468,437
- Contributions +€104,411
up €104,411 (+1.1%), from €9.2m to €9.3m
of which Capital: +€104,411
- Gross operating margin +€582,876
up €582,876 (+211%), from €276,099 to €858,975
- Financial charges +€22,432
up €22,432 (+4,559%), from €492 to €22,924
- Staff costs +€18,220
up €18,220 (+6.9%), from €263,070 to €281,290
- Other operating charges +€13,298
up €13,298 (+1,531%), from €868 to €14,166
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 | €632,564 | €2,686,684 | +€2.1m | +325% |
| Fixed assets | 21/28 | €62,468 | €40,775 | -€21,693 | -34.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €57,518 | €34,601 | -€22,916 | -39.8% |
| Plant, machinery and equipment | 23 | €39,208 | €18,676 | -€20,531 | -52.4% |
| Furniture and vehicles | 24 | €18,310 | €15,925 | -€2,385 | -13.0% |
| Financial fixed assets | 28 | €4,950 | €6,173 | +€1,223 | +24.7% |
| Current assets | 29/58 | €570,096 | €2,645,909 | +€2.1m | +364% |
| Amounts receivable within one year | 40/41 | €412,287 | €1,455,553 | +€1.0m | +253% |
| Trade receivables | 40 | €409,020 | €867,879 | +€458,859 | +112% |
| Other amounts receivable | 41 | €3,267 | €587,674 | +€584,407 | +17,885% |
| Cash at bank and in hand | 54/58 | €153,555 | €1,187,565 | +€1.0m | +673% |
| Deferred charges and accrued income | 490/1 | €4,254 | €2,791 | -€1,462 | -34.4% |
| Total equity and liabilities | 10/49 | €632,564 | €2,686,684 | +€2.1m | +325% |
| Equity | 10/15 | €417,932 | €1,016,184 | +€598,252 | +143% |
| Contributions | 10/11 | €9,176,613 | €9,281,024 | +€104,411 | +1.1% |
| Capital | 10 | €8,533,363 | €8,637,774 | +€104,411 | +1.2% |
| Issued capital | 100 | €8,533,363 | €8,637,774 | +€104,411 | +1.2% |
| Contributions outside capital | 11 | €643,250 | €643,250 | = | 0.0% |
| Share premium | 1100/10 | €643,250 | €643,250 | = | 0.0% |
| Reserves | 13 | - | €0 | = | |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Legal reserve | 130 | - | €0 | = | |
| Profit (loss) carried forward | 14 | -€8,758,680 | -€8,264,839 | +€493,841 | +5.6% |
| Amounts payable | 17/49 | €214,632 | €1,670,500 | +€1.5m | +678% |
| Amounts payable within one year | 42/48 | €214,632 | €1,670,500 | +€1.5m | +678% |
| Trade debts | 44 | €152,480 | €468,437 | +€315,957 | +207% |
| Suppliers | 440/4 | €152,480 | €468,437 | +€315,957 | +207% |
| Taxes, remuneration and social security | 45 | €52,583 | €67,441 | +€14,858 | +28.3% |
| Taxes | 450/3 | €9,694 | €17,510 | +€7,816 | +80.6% |
| Remuneration and social security | 454/9 | €42,889 | €49,931 | +€7,042 | +16.4% |
| Other amounts payable | 47/48 | €9,569 | €1,134,622 | +€1.1m | +11,757% |
| Non-recurring operating income | 76A | €3,259 | - | -€3,259 | |
| Remuneration, social security and pensions | 62 | €263,070 | €281,290 | +€18,220 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,844 | €22,916 | -€1,927 | -7.8% |
| Other operating charges | 640/8 | €868 | €14,166 | +€13,298 | +1,531% |
| Non-recurring operating charges | 66A | - | €23,840 | +€23,840 | |
| Gross operating margin | 9900 | €276,099 | €858,975 | +€582,876 | +211% |
| Operating profit (loss) | 9901 | -€12,683 | €516,762 | +€529,445 | |
| Financial income | 75/76B | €3 | €4 | +€1 | +17.4% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +17.4% |
| Financial charges | 65/66B | €492 | €22,924 | +€22,432 | +4,559% |
| Recurring financial charges | 65 | €492 | €22,924 | +€22,432 | +4,559% |
| Profit (loss) for the period before taxes | 9903 | -€13,172 | €493,842 | +€507,014 | |
| Income taxes | 67/77 | €499 | €1 | -€498 | -99.8% |
| Profit (loss) for the period | 9904 | -€13,671 | €493,841 | +€507,512 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,671 | €493,841 | +€507,512 |
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 25 October 2026 via checked.be.