Ipsum Labs: 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.
Ipsum Labs
Largest movements
- Receivables after one year +€50,375
new in 2025: €50,375
- Cash -€12,422
down €12,422 (-20.5%), from €60,691 to €48,269
mainly Receivables after one year (-€50,375) and Receivables within one year (-€7,841)
- Receivables within one year +€7,841
up €7,841 (+44.1%), from €17,787 to €25,628
of which Trade receivables: +€4,970
- Profit (loss) carried forward +€40,317
up €40,317 (+63.4%), from €63,633 to €103,950
- Tax, wage and social debts +€4,055
up €4,055 (+28.7%), from €14,137 to €18,192
- Gross operating margin +€3,901
up €3,901 (+7.4%), from €52,499 to €56,400
- Taxes +€1,384
up €1,384 (+13.4%), from €10,362 to €11,746
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 | €80,886 | €125,524 | +€44,638 | +55.2% |
| Fixed assets | 21/28 | €1,702 | €493 | -€1,209 | -71.0% |
| Tangible fixed assets | 22/27 | €1,702 | €493 | -€1,209 | -71.0% |
| Plant, machinery and equipment | 23 | €1,702 | €493 | -€1,209 | -71.0% |
| Current assets | 29/58 | €79,184 | €125,031 | +€45,846 | +57.9% |
| Amounts receivable after more than one year | 29 | - | €50,375 | +€50,375 | |
| Other amounts receivable | 291 | - | €50,375 | +€50,375 | |
| Amounts receivable within one year | 40/41 | €17,787 | €25,628 | +€7,841 | +44.1% |
| Trade receivables | 40 | €11,562 | €16,531 | +€4,970 | +43.0% |
| Other amounts receivable | 41 | €6,225 | €9,097 | +€2,871 | +46.1% |
| Cash at bank and in hand | 54/58 | €60,691 | €48,269 | -€12,422 | -20.5% |
| Deferred charges and accrued income | 490/1 | €706 | €758 | +€52 | +7.3% |
| Total equity and liabilities | 10/49 | €80,886 | €125,524 | +€44,638 | +55.2% |
| Equity | 10/15 | €65,633 | €105,950 | +€40,317 | +61.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,633 | €103,950 | +€40,317 | +63.4% |
| Amounts payable | 17/49 | €15,253 | €19,574 | +€4,320 | +28.3% |
| Amounts payable within one year | 42/48 | €15,253 | €19,574 | +€4,320 | +28.3% |
| Trade debts | 44 | €1,116 | €1,382 | +€266 | +23.8% |
| Suppliers | 440/4 | €1,116 | €1,382 | +€266 | +23.8% |
| Taxes, remuneration and social security | 45 | €14,137 | €18,192 | +€4,055 | +28.7% |
| Taxes | 450/3 | €14,137 | €18,192 | +€4,055 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,209 | €1,209 | -€0 | 0.0% |
| Other operating charges | 640/8 | €770 | €789 | +€19 | +2.5% |
| Gross operating margin | 9900 | €52,499 | €56,400 | +€3,901 | +7.4% |
| Operating profit (loss) | 9901 | €50,520 | €54,402 | +€3,882 | +7.7% |
| Financial charges | 65/66B | €2,785 | €2,339 | -€447 | -16.0% |
| Recurring financial charges | 65 | €2,785 | €2,339 | -€447 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €47,735 | €52,063 | +€4,329 | +9.1% |
| Income taxes | 67/77 | €10,362 | €11,746 | +€1,384 | +13.4% |
| Profit (loss) for the period | 9904 | €37,372 | €40,317 | +€2,945 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,372 | €40,317 | +€2,945 | +7.9% |
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 13 October 2026 via checked.be.