IPS BELGIUM: 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 BELGIUM
Largest movements
- Receivables within one year +€2,287
up €2,287 (+11.4%), from €20,066 to €22,353
of which Trade receivables: +€2,340
- Tangible fixed assets -€387
down €387 (-77.7%), from €498 to €111
- Cash -€379
down €379 (-6.1%), from €6,164 to €5,785
mainly Receivables within one year (-€2,287) and Tax, wage and social debts (-€2,053)
- Reserves +€2,503
up €2,503 (+28.6%), from €8,746 to €11,249
- Tax, wage and social debts -€2,053
down €2,053 (-62.0%), from €3,311 to €1,258
- Other debts +€1,085
up €1,085 (+41.7%), from €2,600 to €3,685
- Gross operating margin -€5,544
down €5,544 (-56.9%), from €9,740 to €4,196
- Taxes -€1,124
down €1,124 (-47.2%), from €2,382 to €1,258
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,728 | €28,249 | +€1,521 | +5.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €498 | €111 | -€387 | -77.7% |
| Tangible fixed assets | 22/27 | €498 | €111 | -€387 | -77.7% |
| Furniture and vehicles | 24 | €498 | €111 | -€387 | -77.7% |
| Current assets | 29/58 | €26,230 | €28,138 | +€1,908 | +7.3% |
| Amounts receivable within one year | 40/41 | €20,066 | €22,353 | +€2,287 | +11.4% |
| Trade receivables | 40 | - | €2,340 | +€2,340 | |
| Other amounts receivable | 41 | €20,066 | €20,013 | -€53 | -0.3% |
| Cash at bank and in hand | 54/58 | €6,164 | €5,785 | -€379 | -6.1% |
| Total equity and liabilities | 10/49 | €26,728 | €28,249 | +€1,521 | +5.7% |
| Equity | 10/15 | €20,803 | €23,306 | +€2,503 | +12.0% |
| Contributions | 10/11 | €6,202 | €6,202 | = | 0.0% |
| Reserves | 13 | €8,746 | €11,249 | +€2,503 | +28.6% |
| Distributable reserves | 133 | €8,746 | €11,249 | +€2,503 | +28.6% |
| Profit (loss) carried forward | 14 | €5,855 | €5,855 | = | 0.0% |
| Amounts payable | 17/49 | €5,925 | €4,943 | -€982 | -16.6% |
| Amounts payable within one year | 42/48 | €5,925 | €4,943 | -€982 | -16.6% |
| Trade debts | 44 | €14 | - | -€14 | |
| Suppliers | 440/4 | €14 | - | -€14 | |
| Taxes, remuneration and social security | 45 | €3,311 | €1,258 | -€2,053 | -62.0% |
| Taxes | 450/3 | €3,311 | €1,258 | -€2,053 | -62.0% |
| Other amounts payable | 47/48 | €2,600 | €3,685 | +€1,085 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | €387 | = | 0.0% |
| Gross operating margin | 9900 | €9,740 | €4,196 | -€5,544 | -56.9% |
| Operating profit (loss) | 9901 | €9,354 | €3,810 | -€5,544 | -59.3% |
| Financial charges | 65/66B | €86 | €48 | -€37 | -43.6% |
| Recurring financial charges | 65 | €86 | €48 | -€37 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €9,268 | €3,761 | -€5,507 | -59.4% |
| Income taxes | 67/77 | €2,382 | €1,258 | -€1,124 | -47.2% |
| Profit (loss) for the period | 9904 | €6,886 | €2,503 | -€4,382 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,886 | €2,503 | -€4,382 | -63.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.