IPOPI: 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.
IPOPI
Largest movements
- Cash +€304,863
up €304,863 (+33.4%), from €912,209 to €1.2m
mainly Trade debts (+€335,588) and Accrued charges and deferred income (+€113,794)
- Receivables within one year +€162,132
up €162,132 (+84.3%), from €192,315 to €354,447
of which Trade receivables: +€227,993
- Deferred charges and accrued income +€33,478
up €33,478 (+492.7%), from €6,794 to €40,273
- Trade debts +€335,588
up €335,588 (+1502.2%), from €22,340 to €357,928
- Accrued charges and deferred income +€113,794
up €113,794 (+425.3%), from €26,754 to €140,548
- Profit (loss) carried forward +€52,392
up €52,392 (+3.3%), from €1.6m to €1.6m
- Gross operating margin +€93,416
up €93,416 (+286.5%), from €32,608 to €126,024
- Staff costs -€10,398
down €10,398 (-13.6%), from €76,483 to €66,085
- Financial charges +€7,295
up €7,295 (+157.2%), from €4,642 to €11,936
- Financial income -€4,024
down €4,024 (-37.2%), from €10,807 to €6,783
- Depreciation -€2,340
down €2,340 (-49.4%), from €4,734 to €2,394
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 | €1,631,772 | €2,138,993 | +€507,221 | +31.1% |
| Fixed assets | 21/28 | €2,881 | €2,847 | -€34 | -1.2% |
| Tangible fixed assets | 22/27 | €2,881 | €2,497 | -€384 | -13.3% |
| Furniture and vehicles | 24 | €2,881 | €2,497 | -€384 | -13.3% |
| Financial fixed assets | 28 | - | €350 | +€350 | |
| Current assets | 29/58 | €1,628,891 | €2,136,146 | +€507,255 | +31.1% |
| Amounts receivable within one year | 40/41 | €192,315 | €354,447 | +€162,132 | +84.3% |
| Trade receivables | 40 | €105,250 | €333,243 | +€227,993 | +216.6% |
| Other amounts receivable | 41 | €87,065 | €21,204 | -€65,861 | -75.6% |
| Current investments | 50/53 | €517,573 | €524,355 | +€6,783 | +1.3% |
| Cash at bank and in hand | 54/58 | €912,209 | €1,217,071 | +€304,863 | +33.4% |
| Deferred charges and accrued income | 490/1 | €6,794 | €40,273 | +€33,478 | +492.7% |
| Total equity and liabilities | 10/49 | €1,631,772 | €2,138,993 | +€507,221 | +31.1% |
| Equity | 10/15 | €1,578,507 | €1,630,899 | +€52,392 | +3.3% |
| Profit (loss) carried forward | 14 | €1,578,507 | €1,630,899 | +€52,392 | +3.3% |
| Amounts payable | 17/49 | €53,265 | €508,095 | +€454,829 | +853.9% |
| Amounts payable within one year | 42/48 | €26,511 | €367,546 | +€341,035 | +1286.4% |
| Trade debts | 44 | €22,340 | €357,928 | +€335,588 | +1502.2% |
| Suppliers | 440/4 | €22,340 | €357,928 | +€335,588 | +1502.2% |
| Taxes, remuneration and social security | 45 | €4,171 | €9,619 | +€5,447 | +130.6% |
| Remuneration and social security | 454/9 | €4,171 | €9,619 | +€5,447 | +130.6% |
| Accrued charges and deferred income | 492/3 | €26,754 | €140,548 | +€113,794 | +425.3% |
| Remuneration, social security and pensions | 62 | €76,483 | €66,085 | -€10,398 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,734 | €2,394 | -€2,340 | -49.4% |
| Gross operating margin | 9900 | €32,608 | €126,024 | +€93,416 | +286.5% |
| Operating profit (loss) | 9901 | -€48,609 | €57,545 | +€106,155 | |
| Financial income | 75/76B | €10,807 | €6,783 | -€4,024 | -37.2% |
| Recurring financial income | 75 | €10,807 | €6,783 | -€4,024 | -37.2% |
| Financial charges | 65/66B | €4,642 | €11,936 | +€7,295 | +157.2% |
| Recurring financial charges | 65 | €4,642 | €11,936 | +€7,295 | +157.2% |
| Profit (loss) for the period before taxes | 9903 | -€42,444 | €52,392 | +€94,836 | |
| Profit (loss) for the period | 9904 | -€42,444 | €52,392 | +€94,836 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,444 | €52,392 | +€94,836 |
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 12 October 2026 via checked.be.