IPORA: 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.
IPORA
Largest movements
- Cash +€29,544
up €29,544 (+117.7%), from €25,101 to €54,645
mainly Receivables within one year (+€23,924) and Other debts (+€22,838)
- Receivables within one year -€23,924
down €23,924 (-40.8%), from €58,578 to €34,654
of which Trade receivables: -€21,978
- Tangible fixed assets -€17,462
down €17,462 (-52.5%), from €33,288 to €15,826
of which Furniture and vehicles: -€20,368
- Deferred charges and accrued income +€8,394
up €8,394 (+196.9%), from €4,263 to €12,657
- Reserves -€26,786
down €26,786 (-21.1%), from €127,010 to €100,225
of which Distributable reserves: -€26,786
- Other debts +€22,838
up €22,838 (+20.7%), from €110,185 to €133,024
- Gross operating margin -€6,667
down €6,667 (-13.5%), from €49,566 to €42,898
- Depreciation +€1,086
up €1,086 (+5.3%), from €20,507 to €21,593
- Financial charges +€1,037
up €1,037 (+17.8%), from €5,808 to €6,845
- Other operating charges -€756
down €756 (-26.8%), from €2,818 to €2,062
- Taxes -€554
down €554 (-5.8%), from €9,530 to €8,976
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 | €272,203 | €268,756 | -€3,447 | -1.3% |
| Fixed assets | 21/28 | €33,288 | €15,826 | -€17,462 | -52.5% |
| Tangible fixed assets | 22/27 | €33,288 | €15,826 | -€17,462 | -52.5% |
| Plant, machinery and equipment | 23 | €1,678 | €4,584 | +€2,906 | +173.2% |
| Furniture and vehicles | 24 | €31,610 | €11,242 | -€20,368 | -64.4% |
| Current assets | 29/58 | €238,915 | €252,930 | +€14,015 | +5.9% |
| Amounts receivable within one year | 40/41 | €58,578 | €34,654 | -€23,924 | -40.8% |
| Trade receivables | 40 | €29,689 | €7,711 | -€21,978 | -74.0% |
| Other amounts receivable | 41 | €28,889 | €26,943 | -€1,946 | -6.7% |
| Current investments | 50/53 | €150,973 | €150,973 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,101 | €54,645 | +€29,544 | +117.7% |
| Deferred charges and accrued income | 490/1 | €4,263 | €12,657 | +€8,394 | +196.9% |
| Total equity and liabilities | 10/49 | €272,203 | €268,756 | -€3,447 | -1.3% |
| Equity | 10/15 | €147,010 | €120,225 | -€26,786 | -18.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €127,010 | €100,225 | -€26,786 | -21.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €127,010 | €100,225 | -€26,786 | -21.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €125,192 | €148,531 | +€23,339 | +18.6% |
| Amounts payable within one year | 42/48 | €119,701 | €141,969 | +€22,268 | +18.6% |
| Financial debts | 43 | €161 | €119 | -€43 | -26.4% |
| Credit institutions | 430/8 | €161 | €119 | -€43 | -26.4% |
| Trade debts | 44 | €991 | €510 | -€481 | -48.5% |
| Suppliers | 440/4 | €991 | €510 | -€481 | -48.5% |
| Taxes, remuneration and social security | 45 | €8,364 | €8,317 | -€47 | -0.6% |
| Taxes | 450/3 | €8,364 | €8,317 | -€47 | -0.6% |
| Other amounts payable | 47/48 | €110,185 | €133,024 | +€22,838 | +20.7% |
| Accrued charges and deferred income | 492/3 | €5,491 | €6,562 | +€1,070 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,507 | €21,593 | +€1,086 | +5.3% |
| Other operating charges | 640/8 | €2,818 | €2,062 | -€756 | -26.8% |
| Gross operating margin | 9900 | €49,566 | €42,898 | -€6,667 | -13.5% |
| Operating profit (loss) | 9901 | €26,240 | €19,243 | -€6,997 | -26.7% |
| Financial income | 75/76B | €1,261 | €1,177 | -€84 | -6.6% |
| Recurring financial income | 75 | €1,261 | €1,177 | -€84 | -6.6% |
| Financial charges | 65/66B | €5,808 | €6,845 | +€1,037 | +17.8% |
| Recurring financial charges | 65 | €5,808 | €6,845 | +€1,037 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €21,693 | €13,576 | -€8,118 | -37.4% |
| Income taxes | 67/77 | €9,530 | €8,976 | -€554 | -5.8% |
| Profit (loss) for the period | 9904 | €12,164 | €4,600 | -€7,564 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,164 | €4,600 | -€7,564 | -62.2% |
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.