IPS 25: 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.
IPS 25
Largest movements
- Current assets +€93,018
up €93,018 (+44.3%), from €209,922 to €302,940
- Debts +€72,995
up €72,995 (+48.1%), from €151,636 to €224,632
- Contributions +€20,000
up €20,000 (+2000.0%), from €1,000 to €21,000
- Gross operating margin +€197,239
up €197,239 (+292.9%), from €67,332 to €264,571
- Taxes -€19,227
down €19,227, from €19,016 to -€212
From the 2016 result to the 2017 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,037 | €309,882 | +€94,845 | +44.1% |
| Fixed assets | 21/28 | €5,115 | €6,942 | +€1,827 | +35.7% |
| Tangible fixed assets | 22/27 | €350 | €618 | +€268 | +76.5% |
| Financial fixed assets | 28 | €4,765 | €6,324 | +€1,559 | +32.7% |
| Current assets | 29/58 | €209,922 | €302,940 | +€93,018 | +44.3% |
| Amounts receivable within one year | 40/41 | €209,273 | €296,963 | +€87,690 | +41.9% |
| Total equity and liabilities | 10/49 | €215,037 | €309,882 | +€94,845 | +44.1% |
| Equity | 10/15 | €63,401 | €85,251 | +€21,849 | +34.5% |
| Contributions | 10/11 | €1,000 | €21,000 | +€20,000 | +2000.0% |
| Reserves | 13 | €17,550 | €17,795 | +€245 | +1.4% |
| Profit (loss) carried forward | 14 | €44,851 | €46,456 | +€1,604 | +3.6% |
| Amounts payable | 17/49 | €151,636 | €224,632 | +€72,995 | +48.1% |
| Amounts payable within one year | 42/48 | €151,636 | €224,193 | +€72,557 | +47.8% |
| Trade debts | 44 | €110,477 | €145,010 | +€34,533 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,675 | €393 | -€1,282 | -76.5% |
| Gross operating margin | 9900 | €67,332 | €264,571 | +€197,239 | +292.9% |
| Operating profit (loss) | 9901 | €65,309 | €32,460 | -€32,849 | -50.3% |
| Recurring financial income | 75 | €500 | €0 | -€500 | -100.0% |
| Recurring financial charges | 65 | €3,868 | €30,822 | +€26,954 | +696.9% |
| Profit (loss) for the period before taxes | 9903 | €61,941 | €1,638 | -€60,303 | -97.4% |
| Income taxes | 67/77 | €19,016 | -€212 | -€19,227 | |
| Profit (loss) for the period | 9904 | €42,926 | €1,849 | -€41,076 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,926 | €1,849 | -€41,076 | -95.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2016 and 31 December 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.