Ipsum mane: 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 mane
Largest movements
- Cash +€51,975
up €51,975 (+73.6%), from €70,603 to €122,578
mainly Net result for the year (+€43,127) and Other debts (+€29,409)
- Receivables within one year +€17,205
up €17,205 (+218.6%), from €7,870 to €25,075
of which Trade receivables: +€25,075
- Profit (loss) carried forward +€43,127
up €43,127 (+5.0%), from €866,965 to €910,092
- Other debts +€29,409
new in 2025: €29,409
- Gross operating margin +€63,681
up €63,681 (+144.1%), from €44,201 to €107,882
- Financial charges +€57,366
up €57,366 (+9118.5%), from €629 to €57,995
- Taxes +€1,372
up €1,372 (+12.3%), from €11,168 to €12,540
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 | €887,246 | €954,441 | +€67,195 | +7.6% |
| Fixed assets | 21/28 | €8,494 | €6,210 | -€2,284 | -26.9% |
| Tangible fixed assets | 22/27 | €8,494 | €6,210 | -€2,284 | -26.9% |
| Plant, machinery and equipment | 23 | €2,277 | €2,354 | +€77 | +3.4% |
| Furniture and vehicles | 24 | €5,808 | €3,629 | -€2,179 | -37.5% |
| Other tangible fixed assets | 26 | €409 | €227 | -€182 | -44.5% |
| Current assets | 29/58 | €878,752 | €948,231 | +€69,479 | +7.9% |
| Amounts receivable after more than one year | 29 | €800,000 | €800,000 | = | 0.0% |
| Other amounts receivable | 291 | €800,000 | €800,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,870 | €25,075 | +€17,205 | +218.6% |
| Trade receivables | 40 | €0 | €25,075 | +€25,075 | |
| Other amounts receivable | 41 | €7,870 | €0 | -€7,870 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,603 | €122,578 | +€51,975 | +73.6% |
| Deferred charges and accrued income | 490/1 | €279 | €578 | +€299 | +107.4% |
| Total equity and liabilities | 10/49 | €887,246 | €954,441 | +€67,195 | +7.6% |
| Equity | 10/15 | €871,965 | €915,092 | +€43,127 | +4.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €866,965 | €910,092 | +€43,127 | +5.0% |
| Amounts payable | 17/49 | €15,281 | €39,349 | +€24,068 | +157.5% |
| Amounts payable within one year | 42/48 | €15,281 | €39,349 | +€24,068 | +157.5% |
| Trade debts | 44 | €688 | €2,790 | +€2,102 | +305.4% |
| Suppliers | 440/4 | €688 | €2,790 | +€2,102 | +305.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,593 | €7,149 | -€7,443 | -51.0% |
| Taxes | 450/3 | €14,593 | €7,149 | -€7,443 | -51.0% |
| Other amounts payable | 47/48 | - | €29,409 | +€29,409 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,944 | €3,007 | +€63 | +2.1% |
| Other operating charges | 640/8 | €2,444 | €2,013 | -€431 | -17.6% |
| Gross operating margin | 9900 | €44,201 | €107,882 | +€63,681 | +144.1% |
| Operating profit (loss) | 9901 | €38,813 | €102,862 | +€64,049 | +165.0% |
| Financial income | 75/76B | €11,619 | €10,800 | -€819 | -7.0% |
| Recurring financial income | 75 | €11,619 | €10,800 | -€819 | -7.0% |
| Financial charges | 65/66B | €629 | €57,995 | +€57,366 | +9118.5% |
| Recurring financial charges | 65 | €629 | €57,995 | +€57,366 | +9118.5% |
| Profit (loss) for the period before taxes | 9903 | €49,802 | €55,667 | +€5,864 | +11.8% |
| Income taxes | 67/77 | €11,168 | €12,540 | +€1,372 | +12.3% |
| Profit (loss) for the period | 9904 | €38,634 | €43,127 | +€4,493 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,634 | €43,127 | +€4,493 | +11.6% |
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 10 October 2026 via checked.be.