IPS Investments: 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 Investments
Largest movements
- Receivables within one year +€102,150
up €102,150 (+4.2%), from €2.4m to €2.5m
- Profit (loss) carried forward +€119,440
up €119,440 (+9.4%), from €1.3m to €1.4m
- Taxes -€19,797
down €19,797 (-54.9%), from €36,046 to €16,249
- Financial income +€13,259
up €13,259 (+10.5%), from €126,085 to €139,345
- Gross operating margin -€2,402
down €2,402, from €0 to -€2,402
- Other operating charges -€1,754
down €1,754 (-58.3%), from €3,007 to €1,253
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
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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,408,130 | €2,510,280 | +€102,150 | +4.2% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €2,408,129 | €2,510,279 | +€102,150 | +4.2% |
| Amounts receivable within one year | 40/41 | €2,408,129 | €2,510,279 | +€102,150 | +4.2% |
| Other amounts receivable | 41 | €2,408,129 | €2,510,279 | +€102,150 | +4.2% |
| Total equity and liabilities | 10/49 | €2,408,130 | €2,510,280 | +€102,150 | +4.2% |
| Equity | 10/15 | €2,374,219 | €2,493,659 | +€119,440 | +5.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €1,081,890 | €1,081,890 | = | 0.0% |
| Distributable reserves | 133 | €1,081,890 | €1,081,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,272,329 | €1,391,769 | +€119,440 | +9.4% |
| Amounts payable | 17/49 | €33,911 | €16,620 | -€17,290 | -51.0% |
| Amounts payable within one year | 42/48 | €33,911 | €16,620 | -€17,290 | -51.0% |
| Taxes, remuneration and social security | 45 | €33,539 | €16,249 | -€17,290 | -51.6% |
| Taxes | 450/3 | €33,539 | €16,249 | -€17,290 | -51.6% |
| Other amounts payable | 47/48 | €372 | €372 | = | 0.0% |
| Other operating charges | 640/8 | €3,007 | €1,253 | -€1,754 | -58.3% |
| Non-recurring operating charges | 66A | €58,333 | €0 | -€58,333 | -100% |
| Gross operating margin | 9900 | €0 | -€2,402 | -€2,402 | |
| Operating profit (loss) | 9901 | -€61,340 | -€3,656 | +€57,684 | +94.0% |
| Financial income | 75/76B | €126,085 | €139,345 | +€13,259 | +10.5% |
| Recurring financial income | 75 | €126,085 | €139,345 | +€13,259 | +10.5% |
| Financial charges | 65/66B | €11 | €0 | -€11 | -100% |
| Recurring financial charges | 65 | €11 | €0 | -€11 | -100% |
| Profit (loss) for the period before taxes | 9903 | €64,734 | €135,689 | +€70,955 | +110% |
| Income taxes | 67/77 | €36,046 | €16,249 | -€19,797 | -54.9% |
| Profit (loss) for the period | 9904 | €28,689 | €119,440 | +€90,751 | +316% |
| Profit (loss) for the period to be appropriated | 9905 | €28,689 | €119,440 | +€90,751 | +316% |
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 28 October 2026 via checked.be.