IPSILA: 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.
IPSILA
Largest movements
- Current investments -€906,320
down €906,320 (-14.9%), from €6.1m to €5.2m
- Other debts -€1.0m
down €1.0m (-35.9%), from €2.8m to €1.8m
- Financial income -€501,564
down €501,564 (-73.3%), from €684,334 to €182,769
- Financial charges -€76,905
down €76,905 (-31.9%), from €240,783 to €163,878
- Taxes -€28,388
down €28,388 (-57.1%), from €49,747 to €21,359
- Gross operating margin +€21,574
up €21,574 (+47.3%), from €45,583 to €67,157
- Other operating charges +€7,715
up €7,715 (+530.3%), from €1,455 to €9,169
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.
Cash bridge derived
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 | €16,667,925 | €15,738,204 | -€929,721 | -5.6% |
| Fixed assets | 21/28 | €9,143,488 | €9,143,488 | = | 0.0% |
| Financial fixed assets | 28 | €9,143,488 | €9,143,488 | = | 0.0% |
| Current assets | 29/58 | €7,524,438 | €6,594,717 | -€929,721 | -12.4% |
| Amounts receivable after more than one year | 29 | €725,954 | €725,954 | = | 0.0% |
| Trade receivables | 290 | €25,000 | - | -€25,000 | |
| Other amounts receivable | 291 | €700,954 | €725,954 | +€25,000 | +3.6% |
| Amounts receivable within one year | 40/41 | €33,880 | €89,293 | +€55,413 | +163.6% |
| Trade receivables | 40 | €33,880 | €23,293 | -€10,588 | -31.3% |
| Other amounts receivable | 41 | €0 | €66,000 | +€66,000 | |
| Current investments | 50/53 | €6,063,396 | €5,157,075 | -€906,320 | -14.9% |
| Cash at bank and in hand | 54/58 | €280,924 | €186,942 | -€93,982 | -33.5% |
| Deferred charges and accrued income | 490/1 | €420,284 | €435,453 | +€15,169 | +3.6% |
| Total equity and liabilities | 10/49 | €16,667,925 | €15,738,204 | -€929,721 | -5.6% |
| Equity | 10/15 | €13,317,670 | €13,373,189 | +€55,519 | +0.4% |
| Contributions | 10/11 | €1,589,000 | €1,589,000 | = | 0.0% |
| Capital | 10 | €1,589,000 | €1,589,000 | = | 0.0% |
| Issued capital | 100 | €1,589,000 | €1,589,000 | = | 0.0% |
| Reserves | 13 | €997,086 | €1,052,605 | +€55,519 | +5.6% |
| Non-distributable reserves | 130/1 | €158,900 | €158,900 | = | 0.0% |
| Legal reserve | 130 | €158,900 | €158,900 | = | 0.0% |
| Distributable reserves | 133 | €838,186 | €893,705 | +€55,519 | +6.6% |
| Profit (loss) carried forward | 14 | €10,731,585 | €10,731,585 | = | 0.0% |
| Amounts payable | 17/49 | €3,350,255 | €2,365,015 | -€985,240 | -29.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,876,589 | €1,854,303 | -€1.0m | -35.5% |
| Trade debts | 44 | €3,871 | €260 | -€3,611 | -93.3% |
| Suppliers | 440/4 | €3,871 | €260 | -€3,611 | -93.3% |
| Taxes, remuneration and social security | 45 | €37,371 | €37,690 | +€319 | +0.9% |
| Taxes | 450/3 | €37,371 | €37,690 | +€319 | +0.9% |
| Other amounts payable | 47/48 | €2,835,347 | €1,816,353 | -€1.0m | -35.9% |
| Accrued charges and deferred income | 492/3 | €473,666 | €510,712 | +€37,046 | +7.8% |
| Other operating charges | 640/8 | €1,455 | €9,169 | +€7,715 | +530.3% |
| Gross operating margin | 9900 | €45,583 | €67,157 | +€21,574 | +47.3% |
| Operating profit (loss) | 9901 | €44,128 | €57,987 | +€13,859 | +31.4% |
| Financial income | 75/76B | €684,334 | €182,769 | -€501,564 | -73.3% |
| Recurring financial income | 75 | €684,334 | €182,769 | -€501,564 | -73.3% |
| Financial charges | 65/66B | €240,783 | €163,878 | -€76,905 | -31.9% |
| Recurring financial charges | 65 | €240,783 | €163,878 | -€76,905 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €487,678 | €76,878 | -€410,801 | -84.2% |
| Income taxes | 67/77 | €49,747 | €21,359 | -€28,388 | -57.1% |
| Profit (loss) for the period | 9904 | €437,931 | €55,519 | -€382,412 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €437,931 | €55,519 | -€382,412 | -87.3% |
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 9 October 2026 via checked.be.