IPSYS SOLUTIONS: 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.
IPSYS SOLUTIONS
Largest movements
- Deferred charges and accrued income +€475,309
up €475,309 (+127%), from €375,645 to €850,953
- Intangible fixed assets -€183,629
down €183,629 (-98.7%), from €186,037 to €2,408
- Stocks and contracts -€104,207
down €104,207 (-23.7%), from €439,079 to €334,872
- Tangible fixed assets -€93,956
down €93,956 (-16.4%), from €574,499 to €480,543
- Receivables within one year +€73,087
up €73,087 (+5.3%), from €1.4m to €1.5m
of which Other amounts receivable: +€319,815
- Debts after one year -€444,093
down €444,093 (-92.1%), from €482,361 to €38,268
- Profit (loss) carried forward +€185,522
up €185,522 (+19.5%), from €949,828 to €1.1m
- Short-term financial debts +€135,051
up €135,051 (+335%), from €40,257 to €175,307
- Current portion of long-term debt +€111,961
up €111,961 (+34.3%), from €326,803 to €438,764
- Tax, wage and social debts +€103,657
up €103,657 (+33.6%), from €308,685 to €412,342
of which Remuneration and social security: +€110,917
- Gross operating margin +€571,161
up €571,161 (+24.5%), from €2.3m to €2.9m
- Staff costs +€554,629
up €554,629 (+50.9%), from €1.1m to €1.6m
- Other operating charges +€115,470
up €115,470 (+78.7%), from €146,810 to €262,280
- Taxes -€91,552
down €91,552 (-52.3%), from €174,968 to €83,417
- Write-downs +€42,718
up €42,718 (+62.3%), from €68,552 to €111,270
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 | €3,375,113 | €3,481,498 | +€106,385 | +3.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €767,536 | €493,661 | -€273,875 | -35.7% |
| Intangible fixed assets | 21 | €186,037 | €2,408 | -€183,629 | -98.7% |
| Tangible fixed assets | 22/27 | €574,499 | €480,543 | -€93,956 | -16.4% |
| Land and buildings | 22 | €210,468 | €203,211 | -€7,257 | -3.4% |
| Plant, machinery and equipment | 23 | €114,768 | €108,599 | -€6,169 | -5.4% |
| Furniture and vehicles | 24 | €143,594 | €98,064 | -€45,530 | -31.7% |
| Other tangible fixed assets | 26 | €105,669 | €70,669 | -€35,000 | -33.1% |
| Financial fixed assets | 28 | €7,000 | €10,710 | +€3,710 | +53.0% |
| Current assets | 29/58 | €2,607,577 | €2,987,836 | +€380,259 | +14.6% |
| Stocks and contracts in progress | 3 | €439,079 | €334,872 | -€104,207 | -23.7% |
| Stocks | 30/36 | €439,079 | €334,872 | -€104,207 | -23.7% |
| Amounts receivable within one year | 40/41 | €1,379,793 | €1,452,880 | +€73,087 | +5.3% |
| Trade receivables | 40 | €1,331,308 | €1,084,579 | -€246,728 | -18.5% |
| Other amounts receivable | 41 | €48,485 | €368,300 | +€319,815 | +660% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €413,060 | €349,132 | -€63,929 | -15.5% |
| Deferred charges and accrued income | 490/1 | €375,645 | €850,953 | +€475,309 | +127% |
| Total equity and liabilities | 10/49 | €3,375,113 | €3,481,498 | +€106,385 | +3.2% |
| Equity | 10/15 | €970,288 | €1,155,810 | +€185,522 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €949,828 | €1,135,350 | +€185,522 | +19.5% |
| Amounts payable | 17/49 | €2,404,825 | €2,325,687 | -€79,138 | -3.3% |
| Amounts payable after more than one year | 17 | €482,361 | €38,268 | -€444,093 | -92.1% |
| Financial debts | 170/4 | €482,361 | €38,268 | -€444,093 | -92.1% |
| Amounts payable within one year | 42/48 | €1,922,464 | €2,284,254 | +€361,790 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €326,803 | €438,764 | +€111,961 | +34.3% |
| Financial debts | 43 | €40,257 | €175,307 | +€135,051 | +335% |
| Credit institutions | 430/8 | €40,257 | €175,307 | +€135,051 | +335% |
| Trade debts | 44 | €1,164,868 | €1,256,821 | +€91,953 | +7.9% |
| Suppliers | 440/4 | €1,164,868 | €1,256,821 | +€91,953 | +7.9% |
| Taxes, remuneration and social security | 45 | €308,685 | €412,342 | +€103,657 | +33.6% |
| Taxes | 450/3 | €170,070 | €162,810 | -€7,259 | -4.3% |
| Remuneration and social security | 454/9 | €138,615 | €249,532 | +€110,917 | +80.0% |
| Other amounts payable | 47/48 | €81,852 | €1,020 | -€80,832 | -98.8% |
| Accrued charges and deferred income | 492/3 | €0 | €3,165 | +€3,165 | |
| Non-recurring operating income | 76A | €868 | €308 | -€559 | -64.5% |
| Remuneration, social security and pensions | 62 | €1,090,653 | €1,645,281 | +€554,629 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,607 | €252,317 | +€18,710 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €68,552 | €111,270 | +€42,718 | +62.3% |
| Other operating charges | 640/8 | €146,810 | €262,280 | +€115,470 | +78.7% |
| Non-recurring operating charges | 66A | €509 | €280,793 | +€280,285 | +55,116% |
| Gross operating margin | 9900 | €2,330,619 | €2,901,780 | +€571,161 | +24.5% |
| Operating profit (loss) | 9901 | €790,489 | €349,839 | -€440,650 | -55.7% |
| Financial income | 75/76B | €10,219 | €19,089 | +€8,869 | +86.8% |
| Recurring financial income | 75 | €10,219 | €19,089 | +€8,869 | +86.8% |
| Financial charges | 65/66B | €115,069 | €99,989 | -€15,081 | -13.1% |
| Recurring financial charges | 65 | €115,069 | €99,989 | -€15,081 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €685,639 | €268,939 | -€416,701 | -60.8% |
| Income taxes | 67/77 | €174,968 | €83,417 | -€91,552 | -52.3% |
| Profit (loss) for the period | 9904 | €510,671 | €185,522 | -€325,149 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €510,671 | €185,522 | -€325,149 | -63.7% |
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 17 October 2026 via checked.be.