IPRO: what changed
Two fiscal 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.
IPRO
Largest movements
- Cash +€69,585
up €69,585 (+847.6%), from €8,209 to €77,795
mainly Net result for the year (+€67,959) and Receivables within one year (+€43,904)
- Receivables within one year -€43,904
down €43,904 (-58.4%), from €75,139 to €31,235
of which Trade receivables: -€51,454
- Tangible fixed assets -€38,152
down €38,152 (-4.5%), from €850,660 to €812,508
of which Land and buildings: -€37,260
- Reserves +€67,959
up €67,959 (+23.7%), from €287,292 to €355,251
of which Distributable reserves: +€71,476
- Debts after one year -€54,559
down €54,559 (-13.7%), from €399,609 to €345,050
- Other debts -€34,709
down €34,709 (-11.2%), from €308,764 to €274,055
- Gross operating margin +€41,718
up €41,718 (+30.1%), from €138,718 to €180,436
- Other operating charges -€8,245
down €8,245 (-71.5%), from €11,530 to €3,285
- Financial charges +€7,486
up €7,486 (+31.0%), from €24,161 to €31,646
- Taxes +€6,635
up €6,635 (+20.7%), from €32,079 to €38,714
- Depreciation -€3,364
down €3,364 (-7.9%), from €42,838 to €39,473
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 | €1,589,506 | €1,577,053 | -€12,453 | -0.8% |
| Fixed assets | 21/28 | €1,501,582 | €1,463,430 | -€38,152 | -2.5% |
| Tangible fixed assets | 22/27 | €850,660 | €812,508 | -€38,152 | -4.5% |
| Land and buildings | 22 | €845,589 | €808,329 | -€37,260 | -4.4% |
| Furniture and vehicles | 24 | €5,072 | €4,179 | -€892 | -17.6% |
| Financial fixed assets | 28 | €650,922 | €650,922 | = | 0.0% |
| Current assets | 29/58 | €87,924 | €113,623 | +€25,699 | +29.2% |
| Amounts receivable within one year | 40/41 | €75,139 | €31,235 | -€43,904 | -58.4% |
| Trade receivables | 40 | €58,039 | €6,585 | -€51,454 | -88.7% |
| Other amounts receivable | 41 | €17,100 | €24,650 | +€7,550 | +44.2% |
| Current investments | 50/53 | €4,155 | €4,155 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,209 | €77,795 | +€69,585 | +847.6% |
| Deferred charges and accrued income | 490/1 | €421 | €439 | +€18 | +4.2% |
| Total equity and liabilities | 10/49 | €1,589,506 | €1,577,053 | -€12,453 | -0.8% |
| Equity | 10/15 | €774,928 | €842,888 | +€67,959 | +8.8% |
| Contributions | 10/11 | €143,550 | €143,550 | = | 0.0% |
| Reserves | 13 | €287,292 | €355,251 | +€67,959 | +23.7% |
| Non-distributable reserves | 130/1 | €14,355 | €14,355 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,355 | €14,355 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,619 | €111,103 | -€3,516 | -3.1% |
| Distributable reserves | 133 | €158,318 | €229,794 | +€71,476 | +45.1% |
| Profit (loss) carried forward | 14 | €344,087 | €344,087 | = | 0.0% |
| Provisions and deferred taxes | 16 | €17,154 | €16,661 | -€492 | -2.9% |
| Provisions for liabilities and charges | 160/5 | €15,922 | €15,922 | = | 0.0% |
| Pensions and similar obligations | 160 | €15,922 | €15,922 | = | 0.0% |
| Deferred taxes | 168 | €1,232 | €739 | -€492 | -40.0% |
| Amounts payable | 17/49 | €797,424 | €717,504 | -€79,920 | -10.0% |
| Amounts payable after more than one year | 17 | €399,609 | €345,050 | -€54,559 | -13.7% |
| Financial debts | 170/4 | €399,609 | €345,050 | -€54,559 | -13.7% |
| Amounts payable within one year | 42/48 | €393,290 | €366,815 | -€26,475 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €54,453 | €53,467 | -€986 | -1.8% |
| Trade debts | 44 | €2,480 | €6,205 | +€3,724 | +150.2% |
| Suppliers | 440/4 | €2,480 | €6,205 | +€3,724 | +150.2% |
| Taxes, remuneration and social security | 45 | €27,592 | €33,088 | +€5,495 | +19.9% |
| Taxes | 450/3 | €27,592 | €33,088 | +€5,495 | +19.9% |
| Other amounts payable | 47/48 | €308,764 | €274,055 | -€34,709 | -11.2% |
| Accrued charges and deferred income | 492/3 | €4,525 | €5,639 | +€1,114 | +24.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,838 | €39,473 | -€3,364 | -7.9% |
| Other operating charges | 640/8 | €11,530 | €3,285 | -€8,245 | -71.5% |
| Gross operating margin | 9900 | €138,718 | €180,436 | +€41,718 | +30.1% |
| Operating profit (loss) | 9901 | €84,350 | €137,677 | +€53,327 | +63.2% |
| Financial income | 75/76B | €120 | €150 | +€30 | +24.7% |
| Recurring financial income | 75 | €120 | €150 | +€30 | +24.7% |
| Financial charges | 65/66B | €24,161 | €31,646 | +€7,486 | +31.0% |
| Recurring financial charges | 65 | €24,161 | €31,646 | +€7,486 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €60,309 | €106,180 | +€45,871 | +76.1% |
| Transfer from deferred taxes | 780 | €492 | €492 | = | 0.0% |
| Income taxes | 67/77 | €32,079 | €38,714 | +€6,635 | +20.7% |
| Profit (loss) for the period | 9904 | €28,723 | €67,959 | +€39,236 | +136.6% |
| Transfer from tax-exempt reserves | 789 | €3,516 | €3,516 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,240 | €71,476 | +€39,236 | +121.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.