IPN: what changed
IPN
Largest movements
- Cash +€53,888
up €53,888 (+1,885%), from €2,859 to €56,747
mainly Depreciation (+€41,336) and Other debts (+€16,668)
- Tangible fixed assets -€10,328
down €10,328 (-11.1%), from €93,210 to €82,881
of which Land and buildings: -€6,667
- Receivables within one year -€9,262
down €9,262 (-13.7%), from €67,752 to €58,491
of which Other amounts receivable: -€17,669
- Other debts +€16,668
up €16,668 (+55.6%), from €30,000 to €46,668
- Accrued charges and deferred income +€14,950
up €14,950 (+500%), from €2,989 to €17,939
- Trade debts -€4,056
down €4,056 (-50.7%), from €7,994 to €3,938
- Profit (loss) carried forward +€3,963
up €3,963 (+4.2%), from €94,907 to €98,870
- Gross operating margin -€124,021
down €124,021 (-72.5%), from €171,173 to €47,152
- Taxes -€25,566
down €25,566 (-96.0%), from €26,635 to €1,069
- Depreciation +€21,446
up €21,446 (+108%), from €19,890 to €41,336
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,526 | €198,119 | +€32,593 | +19.7% |
| Fixed assets | 21/28 | €93,210 | €82,881 | -€10,328 | -11.1% |
| Tangible fixed assets | 22/27 | €93,210 | €82,881 | -€10,328 | -11.1% |
| Land and buildings | 22 | €16,475 | €9,808 | -€6,667 | -40.5% |
| Plant, machinery and equipment | 23 | €60,177 | €62,734 | +€2,556 | +4.2% |
| Furniture and vehicles | 24 | €16,557 | €10,339 | -€6,218 | -37.6% |
| Current assets | 29/58 | €72,316 | €115,237 | +€42,921 | +59.4% |
| Amounts receivable within one year | 40/41 | €67,752 | €58,491 | -€9,262 | -13.7% |
| Trade receivables | 40 | €42,743 | €51,150 | +€8,407 | +19.7% |
| Other amounts receivable | 41 | €25,009 | €7,341 | -€17,669 | -70.6% |
| Cash at bank and in hand | 54/58 | €2,859 | €56,747 | +€53,888 | +1,885% |
| Deferred charges and accrued income | 490/1 | €1,705 | €0 | -€1,705 | -100% |
| Total equity and liabilities | 10/49 | €165,526 | €198,119 | +€32,593 | +19.7% |
| Equity | 10/15 | €97,907 | €101,870 | +€3,963 | +4.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,907 | €98,870 | +€3,963 | +4.2% |
| Amounts payable | 17/49 | €67,618 | €96,249 | +€28,631 | +42.3% |
| Amounts payable within one year | 42/48 | €64,629 | €78,310 | +€13,680 | +21.2% |
| Trade debts | 44 | €7,994 | €3,938 | -€4,056 | -50.7% |
| Suppliers | 440/4 | €7,994 | €3,938 | -€4,056 | -50.7% |
| Taxes, remuneration and social security | 45 | €26,635 | €27,704 | +€1,069 | +4.0% |
| Taxes | 450/3 | €26,635 | €27,704 | +€1,069 | +4.0% |
| Remuneration and social security | 454/9 | - | €0 | +€0 | |
| Other amounts payable | 47/48 | €30,000 | €46,668 | +€16,668 | +55.6% |
| Accrued charges and deferred income | 492/3 | €2,989 | €17,939 | +€14,950 | +500% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,890 | €41,336 | +€21,446 | +108% |
| Other operating charges | 640/8 | €777 | €1,094 | +€317 | +40.7% |
| Gross operating margin | 9900 | €171,173 | €47,152 | -€124,021 | -72.5% |
| Operating profit (loss) | 9901 | €150,505 | €4,722 | -€145,783 | -96.9% |
| Financial income | 75/76B | €1,037 | €648 | -€389 | -37.5% |
| Recurring financial income | 75 | €1,037 | €648 | -€389 | -37.5% |
| Financial charges | 65/66B | - | €339 | +€339 | |
| Recurring financial charges | 65 | - | €339 | +€339 | |
| Profit (loss) for the period before taxes | 9903 | €151,542 | €5,031 | -€146,511 | -96.7% |
| Income taxes | 67/77 | €26,635 | €1,069 | -€25,566 | -96.0% |
| Profit (loss) for the period | 9904 | €124,907 | €3,963 | -€120,945 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €124,907 | €3,963 | -€120,945 | -96.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.