IPSOS: 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.
What changed
IPSOS
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.4m
2024 · €2.6m+€803,808
Equity
€9.8m
2024 · €8.4m+€1.4m
Cash
€5.6m
2024 · €4.5m+€1.1m
Balance sheet total
€37.1m
2024 · €34.4m+€2.6m
Largest movements
Assets
- Receivables within one year +€2.1m
up €2.1m (+12.4%), from €16.8m to €18.9m
of which Trade receivables: +€2.4m
- Cash +€1.1m
up €1.1m (+25.7%), from €4.5m to €5.6m
mainly Net result for the year (+€3.4m) and Other debts (+€2.0m)
Equity and liabilities
- Accrued charges and deferred income -€2.1m
down €2.1m (-43.2%), from €4.9m to €2.8m
- Other debts +€2.0m
up €2.0m (+38.8%), from €5.2m to €7.2m
- Profit (loss) carried forward +€1.4m
up €1.4m (+22.3%), from €6.3m to €7.7m
- Trade debts +€772,947
up €772,947 (+8.0%), from €9.7m to €10.5m
- Advances received +€695,171
up €695,171 (+27.1%), from €2.6m to €3.3m
Income statement
- Turnover +€1.6m
up €1.6m (+2.8%), from €57.0m to €58.6m
- Staff costs +€1.3m
up €1.3m (+9.6%), from €13.9m to €15.3m
- Goods and materials +€720,750
up €720,750 (+2.3%), from €32.0m to €32.7m
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.
Result 2024
€2.6m
Turnover
+€1.6m
Other operating income
-€186,000
Goods and materials
-€720,750
Services and other goods
+€575,413
Staff costs
-€1.3m
Depreciation
+€21,051
Other operating charges
+€1,512
Other operating items
+€235,780
Financial income
+€161,816
Financial charges
+€384,637
Taxes
+€59,874
Result 2025
€3.4m
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.
From operations
+€3.3m
Investment
-€124,427
Financing
-€2.0m
Cash 2024
€4.5m
From operations (derived)
+€3.3m
Net result for the year
+€3.4m
Depreciation
+€516,882
Receivables within one year
-€2.1m
Deferred charges and accrued income
+€183,709
Provisions
-€50,000
Trade debts
+€772,947
Tax, wage and social debts
-€32,558
Advances received
+€695,171
Other debts
+€2.0m
Accrued charges and deferred income
-€2.1m
Investment (derived)
-€124,427
Investment in fixed assets (net)
-€124,427
Financing
-€2.0m
Contributions, distributions and other
-€2.0m
Cash 2025
€5.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,420,942 | €37,070,482 | +€2.6m | +7.7% |
| Fixed assets | 21/28 | €2,940,047 | €2,547,592 | -€392,455 | -13.3% |
| Intangible fixed assets | 21 | €1,450,699 | €1,152,267 | -€298,433 | -20.6% |
| Tangible fixed assets | 22/27 | €998,530 | €892,720 | -€105,810 | -10.6% |
| Land and buildings | 22 | €612,254 | €549,227 | -€63,028 | -10.3% |
| Plant, machinery and equipment | 23 | €74,802 | €41,827 | -€32,975 | -44.1% |
| Furniture and vehicles | 24 | €311,473 | €301,667 | -€9,807 | -3.1% |
| Financial fixed assets | 28 | €490,817 | €502,605 | +€11,787 | +2.4% |
| Other financial fixed assets | 284/8 | €490,817 | €502,605 | +€11,787 | +2.4% |
| Amounts receivable and cash guarantees | 285/8 | €490,817 | €502,605 | +€11,787 | +2.4% |
| Current assets | 29/58 | €31,480,896 | €34,522,890 | +€3.0m | +9.7% |
| Amounts receivable after more than one year | 29 | €8,700,000 | €8,700,000 | = | 0.0% |
| Other amounts receivable | 291 | €8,700,000 | €8,700,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,783,218 | €18,861,540 | +€2.1m | +12.4% |
| Trade receivables | 40 | €16,432,521 | €18,849,399 | +€2.4m | +14.7% |
| Other amounts receivable | 41 | €350,698 | €12,140 | -€338,557 | -96.5% |
| Cash at bank and in hand | 54/58 | €4,465,848 | €5,613,229 | +€1.1m | +25.7% |
| Deferred charges and accrued income | 490/1 | €1,531,830 | €1,348,121 | -€183,709 | -12.0% |
| Total equity and liabilities | 10/49 | €34,420,942 | €37,070,482 | +€2.6m | +7.7% |
| Equity | 10/15 | €8,445,817 | €9,843,203 | +€1.4m | +16.5% |
| Contributions | 10/11 | €1,895,076 | €1,895,076 | = | 0.0% |
| Capital | 10 | €1,895,000 | €1,895,000 | = | 0.0% |
| Issued capital | 100 | €1,895,000 | €1,895,000 | = | 0.0% |
| Outside capital | 11 | €76 | €76 | = | 0.0% |
| Share premium | 1100/10 | €76 | €76 | = | 0.0% |
| Revaluation surpluses | 12 | €1,940 | €1,940 | = | 0.0% |
| Reserves | 13 | €295,989 | €295,989 | = | 0.0% |
| Non-distributable reserves | 130/1 | €295,989 | €295,989 | = | 0.0% |
| Legal reserve | 130 | €295,989 | €295,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,252,812 | €7,650,199 | +€1.4m | +22.3% |
| Provisions and deferred taxes | 16 | €50,000 | - | -€50,000 | |
| Provisions for liabilities and charges | 160/5 | €50,000 | - | -€50,000 | |
| Major repairs and maintenance | 162 | €50,000 | - | -€50,000 | |
| Amounts payable | 17/49 | €25,925,126 | €27,227,278 | +€1.3m | +5.0% |
| Amounts payable within one year | 42/48 | €20,985,320 | €24,420,880 | +€3.4m | +16.4% |
| Trade debts | 44 | €9,711,125 | €10,484,072 | +€772,947 | +8.0% |
| Suppliers | 440/4 | €9,711,125 | €10,484,072 | +€772,947 | +8.0% |
| Advances received on contracts in progress | 46 | €2,567,553 | €3,262,724 | +€695,171 | +27.1% |
| Taxes, remuneration and social security | 45 | €3,556,642 | €3,524,084 | -€32,558 | -0.9% |
| Taxes | 450/3 | €1,282,760 | €987,701 | -€295,059 | -23.0% |
| Remuneration and social security | 454/9 | €2,273,882 | €2,536,384 | +€262,501 | +11.5% |
| Other amounts payable | 47/48 | €5,150,000 | €7,150,000 | +€2.0m | +38.8% |
| Accrued charges and deferred income | 492/3 | €4,939,805 | €2,806,398 | -€2.1m | -43.2% |
| Operating income | 70/76A | €57,798,612 | €59,458,072 | +€1.7m | +2.9% |
| Turnover | 70 | €56,952,280 | €58,558,299 | +€1.6m | +2.8% |
| Other operating income | 74 | €831,438 | €645,438 | -€186,000 | -22.4% |
| Non-recurring operating income | 76A | €14,893 | €254,334 | +€239,441 | +1607.7% |
| Operating charges | 60/66A | €53,381,323 | €54,843,301 | +€1.5m | +2.7% |
| Goods for resale, raw materials and consumables | 60 | €31,990,353 | €32,711,103 | +€720,750 | +2.3% |
| Purchases | 600/8 | €31,990,353 | €32,711,103 | +€720,750 | +2.3% |
| Services and other goods | 61 | €6,860,203 | €6,284,790 | -€575,413 | -8.4% |
| Remuneration, social security and pensions | 62 | €13,940,502 | €15,276,044 | +€1.3m | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537,933 | €516,882 | -€21,051 | -3.9% |
| Other operating charges | 640/8 | €44,619 | €43,107 | -€1,512 | -3.4% |
| Non-recurring operating charges | 66A | €7,713 | €11,374 | +€3,661 | +47.5% |
| Operating profit (loss) | 9901 | €4,417,289 | €4,614,771 | +€197,482 | +4.5% |
| Financial income | 75/76B | €203,635 | €365,451 | +€161,816 | +79.5% |
| Recurring financial income | 75 | €203,635 | €365,451 | +€161,816 | +79.5% |
| Income from financial fixed assets | 750 | €1,357 | €58 | -€1,298 | -95.7% |
| Other financial income | 752/9 | €202,278 | €365,392 | +€163,114 | +80.6% |
| Financial charges | 65/66B | €558,240 | €173,604 | -€384,637 | -68.9% |
| Recurring financial charges | 65 | €157,739 | €173,604 | +€15,864 | +10.1% |
| Debt charges | 650 | €49,743 | €59,546 | +€9,803 | +19.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €25,194 | €14,145 | -€11,049 | -43.9% |
| Other financial charges | 652/9 | €82,802 | €99,912 | +€17,110 | +20.7% |
| Non-recurring financial charges | 66B | €400,501 | - | -€400,501 | |
| Profit (loss) for the period before taxes | 9903 | €4,062,684 | €4,806,618 | +€743,934 | +18.3% |
| Income taxes | 67/77 | €1,469,105 | €1,409,231 | -€59,874 | -4.1% |
| Taxes | 670/3 | €1,469,105 | €1,409,231 | -€59,874 | -4.1% |
| Profit (loss) for the period | 9904 | €2,593,578 | €3,397,387 | +€803,808 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,593,578 | €3,397,387 | +€803,808 | +31.0% |
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 6 October 2026 via checked.be.