IPSOLD: 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.
IPSOLD
Largest movements
- Receivables within one year +€72,612
up €72,612 (+143.4%), from €50,651 to €123,263
of which Other amounts receivable: +€72,184
- Cash -€27,135
down €27,135 (-16.7%), from €162,639 to €135,505
mainly Receivables within one year (-€72,612)
- Tangible fixed assets -€4,208
down €4,208 (-88.1%), from €4,778 to €571
- Reserves +€30,210
up €30,210 (+13.9%), from €217,020 to €247,230
- Tax, wage and social debts +€7,485
up €7,485 (+222.2%), from €3,369 to €10,855
- Gross operating margin +€10,755
up €10,755 (+33.4%), from €32,165 to €42,921
- Depreciation -€7,068
down €7,068 (-92.6%), from €7,631 to €563
- Taxes +€5,167
up €5,167 (+71.2%), from €7,256 to €12,423
- Other operating charges +€1,802
up €1,802 (+283.4%), from €636 to €2,438
- Financial income -€531
down €531 (-14.6%), from €3,642 to €3,111
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 | €228,994 | €268,805 | +€39,811 | +17.4% |
| Fixed assets | 21/28 | €4,778 | €571 | -€4,208 | -88.1% |
| Tangible fixed assets | 22/27 | €4,778 | €571 | -€4,208 | -88.1% |
| Furniture and vehicles | 24 | €4,778 | €571 | -€4,208 | -88.1% |
| Current assets | 29/58 | €224,215 | €268,234 | +€44,019 | +19.6% |
| Amounts receivable within one year | 40/41 | €50,651 | €123,263 | +€72,612 | +143.4% |
| Trade receivables | 40 | €19,030 | €19,458 | +€428 | +2.2% |
| Other amounts receivable | 41 | €31,620 | €103,804 | +€72,184 | +228.3% |
| Cash at bank and in hand | 54/58 | €162,639 | €135,505 | -€27,135 | -16.7% |
| Deferred charges and accrued income | 490/1 | €10,925 | €9,467 | -€1,459 | -13.4% |
| Total equity and liabilities | 10/49 | €228,994 | €268,805 | +€39,811 | +17.4% |
| Equity | 10/15 | €222,024 | €252,237 | +€30,213 | +13.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €217,020 | €247,230 | +€30,210 | +13.9% |
| Distributable reserves | 133 | €217,020 | €247,230 | +€30,210 | +13.9% |
| Profit (loss) carried forward | 14 | €4 | €7 | +€3 | +96.9% |
| Amounts payable | 17/49 | €6,970 | €16,568 | +€9,598 | +137.7% |
| Amounts payable within one year | 42/48 | €6,970 | €16,568 | +€9,598 | +137.7% |
| Trade debts | 44 | €3,601 | €5,713 | +€2,112 | +58.7% |
| Suppliers | 440/4 | €3,601 | €5,713 | +€2,112 | +58.7% |
| Taxes, remuneration and social security | 45 | €3,369 | €10,855 | +€7,485 | +222.2% |
| Taxes | 450/3 | €3,369 | €10,855 | +€7,485 | +222.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €12,355 | +€12,355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,631 | €563 | -€7,068 | -92.6% |
| Other operating charges | 640/8 | €636 | €2,438 | +€1,802 | +283.4% |
| Gross operating margin | 9900 | €32,165 | €42,921 | +€10,755 | +33.4% |
| Operating profit (loss) | 9901 | €23,899 | €39,920 | +€16,021 | +67.0% |
| Financial income | 75/76B | €3,642 | €3,111 | -€531 | -14.6% |
| Recurring financial income | 75 | €3,642 | €3,111 | -€531 | -14.6% |
| Financial charges | 65/66B | €113 | €394 | +€281 | +248.8% |
| Recurring financial charges | 65 | €113 | €394 | +€281 | +248.8% |
| Profit (loss) for the period before taxes | 9903 | €27,427 | €42,636 | +€15,209 | +55.5% |
| Income taxes | 67/77 | €7,256 | €12,423 | +€5,167 | +71.2% |
| Profit (loss) for the period | 9904 | €20,171 | €30,213 | +€10,042 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,171 | €30,213 | +€10,042 | +49.8% |
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 2 October 2026 via checked.be.