IPSIMO: 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.
IPSIMO
Largest movements
- Tangible fixed assets +€5,168
up €5,168 (+5.4%), from €95,665 to €100,833
of which Plant, machinery and equipment: +€6,199
- Cash -€1,567
down €1,567 (-90.5%), from €1,732 to €164
mainly Investment in fixed assets (net) (-€12,939) and Other debts (-€12,104)
- Profit (loss) carried forward +€14,687
up €14,687 (+3.8%), from -€382,343 to -€367,656
- Other debts -€12,104
down €12,104 (-64.3%), from €18,831 to €6,727
- Trade debts +€1,018
up €1,018 (+18.9%), from €5,385 to €6,402
- Gross operating margin +€8,405
up €8,405 (+50.8%), from €16,548 to €24,953
- Depreciation +€1,044
up €1,044 (+15.5%), from €6,727 to €7,771
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 | €97,397 | €100,997 | +€3,600 | +3.7% |
| Fixed assets | 21/28 | €95,665 | €100,833 | +€5,168 | +5.4% |
| Tangible fixed assets | 22/27 | €95,665 | €100,833 | +€5,168 | +5.4% |
| Land and buildings | 22 | €68,443 | €68,443 | = | 0.0% |
| Plant, machinery and equipment | 23 | €17,495 | €23,693 | +€6,199 | +35.4% |
| Other tangible fixed assets | 26 | €9,727 | €8,696 | -€1,031 | -10.6% |
| Current assets | 29/58 | €1,732 | €164 | -€1,567 | -90.5% |
| Cash at bank and in hand | 54/58 | €1,732 | €164 | -€1,567 | -90.5% |
| Total equity and liabilities | 10/49 | €97,397 | €100,997 | +€3,600 | +3.7% |
| Equity | 10/15 | €63,865 | €78,552 | +€14,687 | +23.0% |
| Contributions | 10/11 | €446,208 | €446,208 | = | 0.0% |
| Capital | 10 | €446,208 | €446,208 | = | 0.0% |
| Issued capital | 100 | €446,208 | €446,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€382,343 | -€367,656 | +€14,687 | +3.8% |
| Amounts payable | 17/49 | €33,531 | €22,445 | -€11,087 | -33.1% |
| Amounts payable after more than one year | 17 | €9,315 | €9,315 | = | 0.0% |
| Other amounts payable | 178/9 | €9,315 | €9,315 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,216 | €13,129 | -€11,087 | -45.8% |
| Trade debts | 44 | €5,385 | €6,402 | +€1,018 | +18.9% |
| Suppliers | 440/4 | €5,385 | €6,402 | +€1,018 | +18.9% |
| Other amounts payable | 47/48 | €18,831 | €6,727 | -€12,104 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,727 | €7,771 | +€1,044 | +15.5% |
| Other operating charges | 640/8 | €2,339 | €2,410 | +€71 | +3.0% |
| Gross operating margin | 9900 | €16,548 | €24,953 | +€8,405 | +50.8% |
| Operating profit (loss) | 9901 | €7,482 | €14,772 | +€7,290 | +97.4% |
| Financial charges | 65/66B | €86 | €85 | -€1 | -1.2% |
| Recurring financial charges | 65 | €86 | €85 | -€1 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €7,396 | €14,687 | +€7,291 | +98.6% |
| Profit (loss) for the period | 9904 | €7,396 | €14,687 | +€7,291 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,396 | €14,687 | +€7,291 | +98.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.