IPS: 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.
IPS
Largest movements
- Stocks and contracts -€9,141
down €9,141 (-48.3%), from €18,940 to €9,799
- Tangible fixed assets -€1,843
down €1,843 (-34.9%), from €5,275 to €3,432
of which Land and buildings: -€1,057
- Cash +€1,338
up €1,338 (+19.1%), from €7,012 to €8,350
mainly Stocks and contracts (+€9,141) and Other debts (+€5,237)
- Profit (loss) carried forward -€16,068
down €16,068 (-138%), from -€11,646 to -€27,714
- Other debts +€5,237
up €5,237 (+34.6%), from €15,144 to €20,381
- Trade debts +€973
up €973 (+146%), from €668 to €1,641
- Gross operating margin -€15,432
down €15,432, from €1,880 to -€13,552
- Depreciation -€136
down €136 (-6.9%), from €1,979 to €1,843
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 | €34,967 | €25,057 | -€9,910 | -28.3% |
| Fixed assets | 21/28 | €7,891 | €6,048 | -€1,843 | -23.4% |
| Tangible fixed assets | 22/27 | €5,275 | €3,432 | -€1,843 | -34.9% |
| Land and buildings | 22 | €2,113 | €1,056 | -€1,057 | -50.0% |
| Furniture and vehicles | 24 | €3,162 | €2,376 | -€786 | -24.9% |
| Financial fixed assets | 28 | €2,616 | €2,616 | = | 0.0% |
| Current assets | 29/58 | €27,076 | €19,009 | -€8,067 | -29.8% |
| Stocks and contracts in progress | 3 | €18,940 | €9,799 | -€9,141 | -48.3% |
| Stocks | 30/36 | €18,940 | €9,799 | -€9,141 | -48.3% |
| Amounts receivable within one year | 40/41 | €266 | €215 | -€51 | -19.2% |
| Other amounts receivable | 41 | €266 | €215 | -€51 | -19.2% |
| Cash at bank and in hand | 54/58 | €7,012 | €8,350 | +€1,338 | +19.1% |
| Deferred charges and accrued income | 490/1 | €858 | €645 | -€213 | -24.8% |
| Total equity and liabilities | 10/49 | €34,967 | €25,057 | -€9,910 | -28.3% |
| Equity | 10/15 | €18,814 | €2,746 | -€16,068 | -85.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,646 | -€27,714 | -€16,068 | -138% |
| Amounts payable | 17/49 | €16,153 | €22,311 | +€6,158 | +38.1% |
| Amounts payable within one year | 42/48 | €16,153 | €22,311 | +€6,158 | +38.1% |
| Trade debts | 44 | €668 | €1,641 | +€973 | +146% |
| Suppliers | 440/4 | €668 | €1,641 | +€973 | +146% |
| Taxes, remuneration and social security | 45 | €341 | €289 | -€52 | -15.2% |
| Taxes | 450/3 | €341 | €289 | -€52 | -15.2% |
| Other amounts payable | 47/48 | €15,144 | €20,381 | +€5,237 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,979 | €1,843 | -€136 | -6.9% |
| Gross operating margin | 9900 | €1,880 | -€13,552 | -€15,432 | |
| Operating profit (loss) | 9901 | -€99 | -€15,395 | -€15,296 | -15,451% |
| Financial charges | 65/66B | €754 | €673 | -€81 | -10.7% |
| Recurring financial charges | 65 | €754 | €673 | -€81 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€853 | -€16,068 | -€15,215 | -1,784% |
| Profit (loss) for the period | 9904 | -€853 | -€16,068 | -€15,215 | -1,784% |
| Profit (loss) for the period to be appropriated | 9905 | -€853 | -€16,068 | -€15,215 | -1,784% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.