IPSYS: 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.
IPSYS
Largest movements
- Receivables within one year +€31,515
up €31,515 (+142.0%), from €22,195 to €53,710
of which Trade receivables: +€28,336
- Tangible fixed assets -€22,412
down €22,412 (-4.6%), from €486,952 to €464,540
of which Plant, machinery and equipment: -€17,842
- Other debts +€41,329
up €41,329 (+24.9%), from €166,134 to €207,463
- Tax, wage and social debts -€30,686
down €30,686 (-61.9%), from €49,587 to €18,901
of which Remuneration and social security: -€27,458
- Debts after one year -€29,278
down €29,278 (-11.5%), from €255,030 to €225,752
- Trade debts +€24,637
up €24,637 (+50.7%), from €48,614 to €73,251
- Profit (loss) carried forward +€15,202
up €15,202 (+13.3%), from -€114,433 to -€99,231
- Gross operating margin +€20,230
up €20,230 (+32.4%), from €62,344 to €82,574
- Purchases and services -€18,335
down €18,335 (-13.0%), from €140,901 to €122,566
- Staff costs -€10,614
down €10,614 (-27.1%), from €39,135 to €28,521
- Other operating charges -€9,018
down €9,018 (-95.7%), from €9,421 to €403
- Depreciation -€5,913
down €5,913 (-20.9%), from €28,325 to €22,412
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €509,724 | €522,444 | +€12,720 | +2.5% |
| Fixed assets | 21/28 | €487,452 | €465,040 | -€22,412 | -4.6% |
| Tangible fixed assets | 22/27 | €486,952 | €464,540 | -€22,412 | -4.6% |
| Land and buildings | 22 | €165,000 | €165,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €301,427 | €283,585 | -€17,842 | -5.9% |
| Furniture and vehicles | 24 | €15,525 | €10,955 | -€4,570 | -29.4% |
| Other tangible fixed assets | 26 | €5,000 | €5,000 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €22,272 | €57,404 | +€35,132 | +157.7% |
| Amounts receivable within one year | 40/41 | €22,195 | €53,710 | +€31,515 | +142.0% |
| Trade receivables | 40 | €17,084 | €45,420 | +€28,336 | +165.9% |
| Other amounts receivable | 41 | €5,111 | €8,290 | +€3,179 | +62.2% |
| Cash at bank and in hand | 54/58 | €77 | €3,551 | +€3,474 | +4511.7% |
| Deferred charges and accrued income | 490/1 | - | €143 | +€143 | |
| Total equity and liabilities | 10/49 | €509,724 | €522,444 | +€12,720 | +2.5% |
| Equity | 10/15 | -€93,973 | -€78,771 | +€15,202 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,433 | -€99,231 | +€15,202 | +13.3% |
| Amounts payable | 17/49 | €603,697 | €601,215 | -€2,482 | -0.4% |
| Amounts payable after more than one year | 17 | €255,030 | €225,752 | -€29,278 | -11.5% |
| Financial debts | 170/4 | €255,030 | €225,752 | -€29,278 | -11.5% |
| Amounts payable within one year | 42/48 | €348,287 | €373,529 | +€25,242 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €81,603 | €73,914 | -€7,689 | -9.4% |
| Financial debts | 43 | €2,349 | - | -€2,349 | |
| Credit institutions | 430/8 | €2,349 | - | -€2,349 | |
| Trade debts | 44 | €48,614 | €73,251 | +€24,637 | +50.7% |
| Suppliers | 440/4 | €48,614 | €73,251 | +€24,637 | +50.7% |
| Taxes, remuneration and social security | 45 | €49,587 | €18,901 | -€30,686 | -61.9% |
| Taxes | 450/3 | €18,213 | €14,985 | -€3,228 | -17.7% |
| Remuneration and social security | 454/9 | €31,374 | €3,916 | -€27,458 | -87.5% |
| Other amounts payable | 47/48 | €166,134 | €207,463 | +€41,329 | +24.9% |
| Accrued charges and deferred income | 492/3 | €380 | €1,934 | +€1,554 | +408.9% |
| Turnover | 70 | €203,245 | €205,139 | +€1,894 | +0.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €140,901 | €122,566 | -€18,335 | -13.0% |
| Remuneration, social security and pensions | 62 | €39,135 | €28,521 | -€10,614 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,325 | €22,412 | -€5,913 | -20.9% |
| Other operating charges | 640/8 | €9,421 | €403 | -€9,018 | -95.7% |
| Non-recurring operating charges | 66A | €2,510 | €1,160 | -€1,350 | -53.8% |
| Gross operating margin | 9900 | €62,344 | €82,574 | +€20,230 | +32.4% |
| Operating profit (loss) | 9901 | -€17,047 | €30,078 | +€47,125 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €14,673 | €14,879 | +€206 | +1.4% |
| Recurring financial charges | 65 | €14,673 | €14,879 | +€206 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,720 | €15,202 | +€46,922 | |
| Profit (loss) for the period | 9904 | -€31,720 | €15,202 | +€46,922 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,720 | €15,202 | +€46,922 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.