IPSO FACTO: 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.
IPSO FACTO
Largest movements
- Receivables within one year -€35,564
down €35,564 (-59.2%), from €60,099 to €24,535
of which Trade receivables: -€40,099
- Cash +€29,496
up €29,496 (+136%), from €21,721 to €51,216
mainly Receivables within one year (+€35,564) and Net result for the year (+€13,966)
- Tangible fixed assets -€1,446
down €1,446 (-10.6%), from €13,595 to €12,149
of which Furniture and vehicles: -€1,160
- Other debts -€20,000
down €20,000 (-100%), from €20,000 to €0
- Reserves +€13,966
up €13,966 (+99.7%), from €14,007 to €27,972
- Trade debts -€1,187
down €1,187 (-21.9%), from €5,419 to €4,232
- Gross operating margin -€10,618
down €10,618 (-34.3%), from €30,938 to €20,320
- Taxes -€2,449
down €2,449 (-36.0%), from €6,811 to €4,362
- Depreciation +€465
up €465 (+47.4%), from €981 to €1,446
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 | €98,908 | €91,688 | -€7,220 | -7.3% |
| Fixed assets | 21/28 | €13,595 | €12,149 | -€1,446 | -10.6% |
| Tangible fixed assets | 22/27 | €13,595 | €12,149 | -€1,446 | -10.6% |
| Land and buildings | 22 | €8,728 | €8,443 | -€286 | -3.3% |
| Furniture and vehicles | 24 | €4,866 | €3,706 | -€1,160 | -23.8% |
| Current assets | 29/58 | €85,314 | €79,539 | -€5,775 | -6.8% |
| Amounts receivable after more than one year | 29 | €3,299 | €3,299 | = | 0.0% |
| Other amounts receivable | 291 | €3,299 | €3,299 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,099 | €24,535 | -€35,564 | -59.2% |
| Trade receivables | 40 | €60,099 | €20,000 | -€40,099 | -66.7% |
| Other amounts receivable | 41 | - | €4,535 | +€4,535 | |
| Cash at bank and in hand | 54/58 | €21,721 | €51,216 | +€29,496 | +136% |
| Deferred charges and accrued income | 490/1 | €196 | €489 | +€294 | +150% |
| Total equity and liabilities | 10/49 | €98,908 | €91,688 | -€7,220 | -7.3% |
| Equity | 10/15 | €70,578 | €84,543 | +€13,966 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,007 | €27,972 | +€13,966 | +99.7% |
| Distributable reserves | 133 | €14,007 | €27,972 | +€13,966 | +99.7% |
| Profit (loss) carried forward | 14 | €37,971 | €37,971 | = | 0.0% |
| Amounts payable | 17/49 | €28,331 | €7,145 | -€21,186 | -74.8% |
| Amounts payable within one year | 42/48 | €28,331 | €7,145 | -€21,186 | -74.8% |
| Trade debts | 44 | €5,419 | €4,232 | -€1,187 | -21.9% |
| Suppliers | 440/4 | €5,419 | €4,232 | -€1,187 | -21.9% |
| Advances received on contracts in progress | 46 | €100 | €100 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,811 | €2,813 | +€1 | 0.0% |
| Taxes | 450/3 | €2,811 | €2,813 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €20,000 | €0 | -€20,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €981 | €1,446 | +€465 | +47.4% |
| Other operating charges | 640/8 | €438 | €382 | -€56 | -12.8% |
| Non-recurring operating charges | 66A | - | €30 | +€30 | |
| Gross operating margin | 9900 | €30,938 | €20,320 | -€10,618 | -34.3% |
| Operating profit (loss) | 9901 | €29,519 | €18,462 | -€11,057 | -37.5% |
| Financial income | 75/76B | €99 | €115 | +€16 | +16.6% |
| Recurring financial income | 75 | €99 | €115 | +€16 | +16.6% |
| Financial charges | 65/66B | €229 | €250 | +€21 | +9.0% |
| Recurring financial charges | 65 | €229 | €250 | +€21 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €29,389 | €18,328 | -€11,061 | -37.6% |
| Income taxes | 67/77 | €6,811 | €4,362 | -€2,449 | -36.0% |
| Profit (loss) for the period | 9904 | €22,577 | €13,966 | -€8,612 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,577 | €13,966 | -€8,612 | -38.1% |
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 17 October 2026 via checked.be.