IPSUM N.K.: 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 N.K.
Largest movements
- Receivables within one year -€19,909
down €19,909 (-73.5%), from €27,099 to €7,190
of which Trade receivables: -€26,769
- Cash -€9,412
down €9,412 (-87.9%), from €10,710 to €1,298
mainly Net result for the year (-€10,670) and Other debts (-€9,072)
- Tangible fixed assets -€4,086
no longer reported in 2025 (was €4,086)
- Deferred charges and accrued income -€606
down €606 (-93.0%), from €652 to €46
- Profit (loss) carried forward -€10,670
down €10,670, from €421 to -€10,249
- Other debts -€9,072
no longer reported in 2025 (was €9,072)
- Trade debts -€8,777
down €8,777 (-82.9%), from €10,586 to €1,809
- Debts after one year -€3,788
no longer reported in 2025 (was €3,788)
- Current portion of long-term debt -€3,786
down €3,786 (-36.6%), from €10,358 to €6,572
- Gross operating margin -€22,874
down €22,874, from €17,837 to -€5,037
- Depreciation -€1,809
down €1,809 (-30.7%), from €5,895 to €4,086
- Other operating charges -€580
down €580 (-36.6%), from €1,585 to €1,005
- Financial charges +€300
up €300 (+124%), from €243 to €543
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 | €42,547 | €8,533 | -€34,014 | -79.9% |
| Fixed assets | 21/28 | €4,086 | - | -€4,086 | |
| Tangible fixed assets | 22/27 | €4,086 | - | -€4,086 | |
| Furniture and vehicles | 24 | €4,086 | - | -€4,086 | |
| Current assets | 29/58 | €38,461 | €8,533 | -€29,927 | -77.8% |
| Amounts receivable within one year | 40/41 | €27,099 | €7,190 | -€19,909 | -73.5% |
| Trade receivables | 40 | €26,769 | - | -€26,769 | |
| Other amounts receivable | 41 | €330 | €7,190 | +€6,859 | +2,076% |
| Cash at bank and in hand | 54/58 | €10,710 | €1,298 | -€9,412 | -87.9% |
| Deferred charges and accrued income | 490/1 | €652 | €46 | -€606 | -93.0% |
| Total equity and liabilities | 10/49 | €42,547 | €8,533 | -€34,014 | -79.9% |
| Equity | 10/15 | €8,481 | -€2,189 | -€10,670 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €421 | -€10,249 | -€10,670 | |
| Amounts payable | 17/49 | €34,066 | €10,723 | -€23,343 | -68.5% |
| Amounts payable after more than one year | 17 | €3,788 | - | -€3,788 | |
| Financial debts | 170/4 | €3,788 | - | -€3,788 | |
| Amounts payable within one year | 42/48 | €30,278 | €10,723 | -€19,555 | -64.6% |
| Current portion of amounts payable after more than one year | 42 | €10,358 | €6,572 | -€3,786 | -36.6% |
| Trade debts | 44 | €10,586 | €1,809 | -€8,777 | -82.9% |
| Suppliers | 440/4 | €10,586 | €1,809 | -€8,777 | -82.9% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €262 | €341 | +€79 | +30.2% |
| Taxes | 450/3 | €262 | €341 | +€79 | +30.2% |
| Other amounts payable | 47/48 | €9,072 | - | -€9,072 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,895 | €4,086 | -€1,809 | -30.7% |
| Other operating charges | 640/8 | €1,585 | €1,005 | -€580 | -36.6% |
| Gross operating margin | 9900 | €17,837 | -€5,037 | -€22,874 | |
| Operating profit (loss) | 9901 | €10,357 | -€10,128 | -€20,485 | |
| Financial income | 75/76B | €12 | €1 | -€11 | -90.5% |
| Recurring financial income | 75 | €12 | €1 | -€11 | -90.5% |
| Financial charges | 65/66B | €243 | €543 | +€300 | +124% |
| Recurring financial charges | 65 | €243 | €543 | +€300 | +124% |
| Profit (loss) for the period before taxes | 9903 | €10,127 | -€10,670 | -€20,797 | |
| Profit (loss) for the period | 9904 | €10,127 | -€10,670 | -€20,797 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,127 | -€10,670 | -€20,797 |
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 29 October 2026 via checked.be.