IPS WorkForce 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 WorkForce Belgium
Largest movements
- Receivables within one year +€478,248
up €478,248 (+131%), from €364,539 to €842,787
of which Other amounts receivable: +€320,054
- Trade debts +€345,230
up €345,230 (+404%), from €85,487 to €430,717
- Tax, wage and social debts +€83,619
up €83,619 (+42.5%), from €196,850 to €280,469
of which Remuneration and social security: +€82,664
- Reserves +€49,662
up €49,662 (+54.1%), from €91,807 to €141,469
- Gross operating margin +€406,041
up €406,041 (+42.0%), from €967,366 to €1.4m
- Staff costs +€358,844
up €358,844 (+39.4%), from €910,686 to €1.3m
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 | €376,100 | €854,515 | +€478,415 | +127% |
| Current assets | 29/58 | €376,100 | €854,515 | +€478,415 | +127% |
| Amounts receivable within one year | 40/41 | €364,539 | €842,787 | +€478,248 | +131% |
| Trade receivables | 40 | €300,715 | €458,909 | +€158,194 | +52.6% |
| Other amounts receivable | 41 | €63,824 | €383,878 | +€320,054 | +501% |
| Cash at bank and in hand | 54/58 | €11,561 | €11,518 | -€43 | -0.4% |
| Deferred charges and accrued income | 490/1 | - | €210 | +€210 | |
| Total equity and liabilities | 10/49 | €376,100 | €854,515 | +€478,415 | +127% |
| Equity | 10/15 | €93,667 | €143,329 | +€49,662 | +53.0% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €91,807 | €141,469 | +€49,662 | +54.1% |
| Distributable reserves | 133 | €91,807 | €141,469 | +€49,662 | +54.1% |
| Amounts payable | 17/49 | €282,433 | €711,186 | +€428,753 | +152% |
| Amounts payable within one year | 42/48 | €282,337 | €711,186 | +€428,849 | +152% |
| Trade debts | 44 | €85,487 | €430,717 | +€345,230 | +404% |
| Suppliers | 440/4 | €85,487 | €430,717 | +€345,230 | +404% |
| Taxes, remuneration and social security | 45 | €196,850 | €280,469 | +€83,619 | +42.5% |
| Taxes | 450/3 | €108,957 | €109,911 | +€955 | +0.9% |
| Remuneration and social security | 454/9 | €87,893 | €170,557 | +€82,664 | +94.1% |
| Accrued charges and deferred income | 492/3 | €96 | - | -€96 | |
| Remuneration, social security and pensions | 62 | €910,686 | €1,269,530 | +€358,844 | +39.4% |
| Other operating charges | 640/8 | €4,593 | €12,244 | +€7,651 | +167% |
| Gross operating margin | 9900 | €967,366 | €1,373,406 | +€406,041 | +42.0% |
| Operating profit (loss) | 9901 | €52,087 | €91,632 | +€39,545 | +75.9% |
| Financial income | 75/76B | €4,444 | €6,517 | +€2,072 | +46.6% |
| Recurring financial income | 75 | €4,444 | €6,517 | +€2,072 | +46.6% |
| Financial charges | 65/66B | €766 | €700 | -€66 | -8.6% |
| Recurring financial charges | 65 | €766 | €700 | -€66 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €55,765 | €97,449 | +€41,684 | +74.7% |
| Income taxes | 67/77 | €37,252 | €47,787 | +€10,535 | +28.3% |
| Profit (loss) for the period | 9904 | €18,513 | €49,662 | +€31,149 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €18,513 | €49,662 | +€31,149 | +168% |
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 20 October 2026 via checked.be.