Ipsacon: 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.
Ipsacon
Largest movements
- Cash +€187,986
up €187,986 (+95.3%), from €197,356 to €385,342
mainly Receivables within one year (+€131,997) and Other debts (+€85,745)
- Receivables within one year -€131,997
down €131,997 (-89.2%), from €147,955 to €15,959
of which Trade receivables: -€122,043
- Other debts +€85,745
new in 2024: €85,745
- Reserves -€24,700
down €24,700 (-7.4%), from €336,000 to €311,300
- Gross operating margin -€34,843
down €34,843 (-24.5%), from €142,389 to €107,546
- Taxes -€11,980
down €11,980 (-25.2%), from €47,517 to €35,537
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,342 | €410,888 | +€60,546 | +17.3% |
| Fixed assets | 21/28 | €3,675 | €7,023 | +€3,348 | +91.1% |
| Tangible fixed assets | 22/27 | €3,675 | €7,023 | +€3,348 | +91.1% |
| Plant, machinery and equipment | 23 | €3,675 | €4,411 | +€736 | +20.0% |
| Furniture and vehicles | 24 | - | €2,612 | +€2,612 | |
| Current assets | 29/58 | €346,667 | €403,865 | +€57,198 | +16.5% |
| Amounts receivable within one year | 40/41 | €147,955 | €15,959 | -€131,997 | -89.2% |
| Trade receivables | 40 | €124,229 | €2,186 | -€122,043 | -98.2% |
| Other amounts receivable | 41 | €23,726 | €13,772 | -€9,954 | -42.0% |
| Cash at bank and in hand | 54/58 | €197,356 | €385,342 | +€187,986 | +95.3% |
| Deferred charges and accrued income | 490/1 | €1,355 | €2,563 | +€1,208 | +89.2% |
| Total equity and liabilities | 10/49 | €350,342 | €410,888 | +€60,546 | +17.3% |
| Equity | 10/15 | €345,936 | €321,285 | -€24,651 | -7.1% |
| Contributions | 10/11 | €9,860 | €9,860 | = | 0.0% |
| Reserves | 13 | €336,000 | €311,300 | -€24,700 | -7.4% |
| Distributable reserves | 133 | €336,000 | €311,300 | -€24,700 | -7.4% |
| Profit (loss) carried forward | 14 | €76 | €125 | +€49 | +64.6% |
| Amounts payable | 17/49 | €4,406 | €89,603 | +€85,197 | +1933.6% |
| Amounts payable within one year | 42/48 | €4,406 | €89,603 | +€85,197 | +1933.6% |
| Trade debts | 44 | €2,486 | €3,858 | +€1,372 | +55.2% |
| Suppliers | 440/4 | €2,486 | €3,858 | +€1,372 | +55.2% |
| Taxes, remuneration and social security | 45 | €1,920 | - | -€1,920 | |
| Taxes | 450/3 | €1,920 | - | -€1,920 | |
| Other amounts payable | 47/48 | - | €85,745 | +€85,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,108 | €1,559 | +€451 | +40.7% |
| Other operating charges | 640/8 | €2,115 | €1,207 | -€908 | -42.9% |
| Non-recurring operating charges | 66A | €10 | - | -€10 | |
| Gross operating margin | 9900 | €142,389 | €107,546 | -€34,843 | -24.5% |
| Operating profit (loss) | 9901 | €139,156 | €104,780 | -€34,376 | -24.7% |
| Financial income | 75/76B | €4,251 | €3,673 | -€579 | -13.6% |
| Recurring financial income | 75 | €4,251 | €3,673 | -€579 | -13.6% |
| Financial charges | 65/66B | €2,669 | €2,067 | -€602 | -22.6% |
| Recurring financial charges | 65 | €2,669 | €2,067 | -€602 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €140,738 | €106,385 | -€34,352 | -24.4% |
| Income taxes | 67/77 | €47,517 | €35,537 | -€11,980 | -25.2% |
| Profit (loss) for the period | 9904 | €93,221 | €70,849 | -€22,372 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,221 | €70,849 | -€22,372 | -24.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.