IPSODIS: 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.
IPSODIS
Largest movements
- Stocks and contracts -€4,763
down €4,763 (-30.2%), from €15,781 to €11,018
- Current investments +€1,581
up €1,581 (+58.7%), from €2,695 to €4,276
- Receivables within one year +€241
new in 2025: €241
of which Trade receivables: +€188
- Profit (loss) carried forward -€3,105
down €3,105 (-35.5%), from -€8,751 to -€11,856
- Trade debts +€467
up €467 (+10.4%), from €4,476 to €4,942
- Tax, wage and social debts -€274
down €274 (-22.5%), from €1,214 to €941
- Gross operating margin -€976
down €976 (-66.2%), from -€1,473 to -€2,449
- Depreciation -€86
down €86 (-42.7%), from €201 to €115
- Other operating charges -€31
down €31 (-7.4%), from €421 to €390
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,090 | €16,034 | -€3,056 | -16.0% |
| Fixed assets | 21/28 | €615 | €500 | -€115 | -18.7% |
| Tangible fixed assets | 22/27 | €115 | - | -€115 | |
| Furniture and vehicles | 24 | €115 | - | -€115 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €18,475 | €15,534 | -€2,941 | -15.9% |
| Stocks and contracts in progress | 3 | €15,781 | €11,018 | -€4,763 | -30.2% |
| Stocks | 30/36 | €15,781 | €11,018 | -€4,763 | -30.2% |
| Amounts receivable within one year | 40/41 | - | €241 | +€241 | |
| Trade receivables | 40 | - | €188 | +€188 | |
| Other amounts receivable | 41 | - | €53 | +€53 | |
| Current investments | 50/53 | €2,695 | €4,276 | +€1,581 | +58.7% |
| Total equity and liabilities | 10/49 | €19,090 | €16,034 | -€3,056 | -16.0% |
| Equity | 10/15 | €11,709 | €8,604 | -€3,105 | -26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€8,751 | -€11,856 | -€3,105 | -35.5% |
| Amounts payable | 17/49 | €7,382 | €7,431 | +€49 | +0.7% |
| Amounts payable within one year | 42/48 | €7,382 | €7,431 | +€49 | +0.7% |
| Trade debts | 44 | €4,476 | €4,942 | +€467 | +10.4% |
| Suppliers | 440/4 | €4,476 | €4,942 | +€467 | +10.4% |
| Taxes, remuneration and social security | 45 | €1,214 | €941 | -€274 | -22.5% |
| Taxes | 450/3 | €1,214 | €941 | -€274 | -22.5% |
| Other amounts payable | 47/48 | €1,692 | €1,548 | -€144 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201 | €115 | -€86 | -42.7% |
| Other operating charges | 640/8 | €421 | €390 | -€31 | -7.4% |
| Gross operating margin | 9900 | -€1,473 | -€2,449 | -€976 | -66.2% |
| Operating profit (loss) | 9901 | -€2,095 | -€2,954 | -€859 | -41.0% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €128 | €151 | +€23 | +17.8% |
| Recurring financial charges | 65 | €128 | €151 | +€23 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,213 | -€3,105 | -€892 | -40.3% |
| Profit (loss) for the period | 9904 | -€2,213 | -€3,105 | -€892 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,213 | -€3,105 | -€892 | -40.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.