IPSEN LOGISTICS: 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.
IPSEN LOGISTICS
Largest movements
- Cash -€2,196
down €2,196 (-27.4%), from €8,000 to €5,805
mainly Net result for the year (-€3,619) and Deferred charges and accrued income (-€4)
- Profit (loss) carried forward -€3,619
down €3,619 (-0.8%), from -€454,106 to -€457,724
- Trade debts +€1,427
up €1,427 (+1.2%), from €115,402 to €116,829
- Other operating charges -€1,477
down €1,477 (-92.5%), from €1,597 to €120
- Gross operating margin +€1,153
up €1,153 (+25.6%), from -€4,498 to -€3,346
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 | €103,346 | €101,155 | -€2,192 | -2.1% |
| Current assets | 29/58 | €103,346 | €101,155 | -€2,192 | -2.1% |
| Amounts receivable within one year | 40/41 | €95,149 | €95,149 | = | 0.0% |
| Trade receivables | 40 | €5,149 | €5,149 | = | 0.0% |
| Other amounts receivable | 41 | €90,000 | €90,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,000 | €5,805 | -€2,196 | -27.4% |
| Deferred charges and accrued income | 490/1 | €197 | €201 | +€4 | +2.0% |
| Total equity and liabilities | 10/49 | €103,346 | €101,155 | -€2,192 | -2.1% |
| Equity | 10/15 | -€37,056 | -€40,674 | -€3,619 | -9.8% |
| Contributions | 10/11 | €417,050 | €417,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€454,106 | -€457,724 | -€3,619 | -0.8% |
| Amounts payable | 17/49 | €140,402 | €141,829 | +€1,427 | +1.0% |
| Amounts payable within one year | 42/48 | €115,402 | €116,829 | +€1,427 | +1.2% |
| Trade debts | 44 | €115,402 | €116,829 | +€1,427 | +1.2% |
| Suppliers | 440/4 | €115,402 | €116,829 | +€1,427 | +1.2% |
| Accrued charges and deferred income | 492/3 | €25,000 | €25,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,597 | €120 | -€1,477 | -92.5% |
| Gross operating margin | 9900 | -€4,498 | -€3,346 | +€1,153 | +25.6% |
| Operating profit (loss) | 9901 | -€6,095 | -€3,466 | +€2,629 | +43.1% |
| Financial charges | 65/66B | €152 | €153 | +€1 | +1.0% |
| Recurring financial charges | 65 | €152 | €153 | +€1 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,246 | -€3,619 | +€2,628 | +42.1% |
| Profit (loss) for the period | 9904 | -€6,246 | -€3,619 | +€2,628 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,246 | -€3,619 | +€2,628 | +42.1% |
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 18 October 2026 via checked.be.