IPSOlutio: 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.
IPSOlutio
Largest movements
- Tangible fixed assets -€30,014
down €30,014 (-100.0%), from €30,014 to €0
- Receivables within one year +€19,721
up €19,721 (+7070.0%), from €279 to €20,000
of which Trade receivables: +€20,000
- Cash -€18,773
down €18,773 (-89.9%), from €20,888 to €2,115
mainly Net result for the year (-€22,394) and Receivables within one year (-€19,721)
- Profit (loss) carried forward -€22,394
down €22,394 (-83.7%), from €26,759 to €4,364
- Debts after one year -€6,072
down €6,072 (-100.0%), from €6,072 to €0
- Current portion of long-term debt -€4,144
down €4,144 (-40.6%), from €10,216 to €6,072
- Other debts +€2,298
up €2,298 (+45.1%), from €5,100 to €7,397
- Tax, wage and social debts +€1,488
up €1,488 (+274.3%), from €542 to €2,030
- Depreciation -€11,856
down €11,856 (-100.0%), from €11,856 to €0
- Gross operating margin +€824
up €824 (+8.7%), from -€9,489 to -€8,666
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 | €51,181 | €22,115 | -€29,065 | -56.8% |
| Fixed assets | 21/28 | €30,014 | €0 | -€30,014 | -100.0% |
| Tangible fixed assets | 22/27 | €30,014 | €0 | -€30,014 | -100.0% |
| Furniture and vehicles | 24 | €30,014 | €0 | -€30,014 | -100.0% |
| Current assets | 29/58 | €21,167 | €22,115 | +€948 | +4.5% |
| Amounts receivable within one year | 40/41 | €279 | €20,000 | +€19,721 | +7070.0% |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €279 | €0 | -€279 | -100.0% |
| Cash at bank and in hand | 54/58 | €20,888 | €2,115 | -€18,773 | -89.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €51,181 | €22,115 | -€29,065 | -56.8% |
| Equity | 10/15 | €27,259 | €4,864 | -€22,394 | -82.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,759 | €4,364 | -€22,394 | -83.7% |
| Amounts payable | 17/49 | €23,922 | €17,251 | -€6,671 | -27.9% |
| Amounts payable after more than one year | 17 | €6,072 | €0 | -€6,072 | -100.0% |
| Financial debts | 170/4 | €6,072 | €0 | -€6,072 | -100.0% |
| Amounts payable within one year | 42/48 | €16,680 | €16,380 | -€300 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €10,216 | €6,072 | -€4,144 | -40.6% |
| Trade debts | 44 | €823 | €881 | +€58 | +7.1% |
| Suppliers | 440/4 | €823 | €881 | +€58 | +7.1% |
| Taxes, remuneration and social security | 45 | €542 | €2,030 | +€1,488 | +274.3% |
| Taxes | 450/3 | €542 | €2,030 | +€1,488 | +274.3% |
| Other amounts payable | 47/48 | €5,100 | €7,397 | +€2,298 | +45.1% |
| Accrued charges and deferred income | 492/3 | €1,170 | €871 | -€299 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,856 | €0 | -€11,856 | -100.0% |
| Other operating charges | 640/8 | €916 | €928 | +€12 | +1.4% |
| Non-recurring operating charges | 66A | - | €11,749 | +€11,749 | |
| Gross operating margin | 9900 | -€9,489 | -€8,666 | +€824 | +8.7% |
| Operating profit (loss) | 9901 | -€22,261 | -€21,343 | +€918 | +4.1% |
| Financial charges | 65/66B | €710 | €788 | +€78 | +11.0% |
| Recurring financial charges | 65 | €710 | €788 | +€78 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,971 | -€22,131 | +€840 | +3.7% |
| Income taxes | 67/77 | €299 | €264 | -€35 | -11.8% |
| Profit (loss) for the period | 9904 | -€23,270 | -€22,394 | +€876 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,270 | -€22,394 | +€876 | +3.8% |
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 8 October 2026 via checked.be.