IPT: 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.
IPT
Largest movements
- Receivables within one year -€139,762
down €139,762 (-3.1%), from €4.5m to €4.4m
of which Other amounts receivable: -€105,706
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€57,162
down €57,162 (-43.9%), from €130,167 to €73,005
- Financial income +€12,898
up €12,898 (+3.4%), from €380,409 to €393,307
of which Financial income: +€164,898
- Staff costs -€7,666
down €7,666 (-2.9%), from €261,381 to €253,715
- Financial charges +€1,848
up €1,848 (+1.3%), from €144,599 to €146,447
- Taxes -€1,613
down €1,613 (-34.1%), from €4,729 to €3,116
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 | €11,461,289 | €11,426,789 | -€34,500 | -0.3% |
| Fixed assets | 21/28 | €6,908,638 | €6,908,342 | -€296 | 0.0% |
| Tangible fixed assets | 22/27 | €2,272 | €1,976 | -€296 | -13.0% |
| Furniture and vehicles | 24 | €2,272 | €1,976 | -€296 | -13.0% |
| Financial fixed assets | 28 | €6,906,366 | €6,906,366 | = | 0.0% |
| Current assets | 29/58 | €4,552,651 | €4,518,447 | -€34,204 | -0.8% |
| Amounts receivable within one year | 40/41 | €4,525,856 | €4,386,094 | -€139,762 | -3.1% |
| Trade receivables | 40 | €35,000 | €944 | -€34,056 | -97.3% |
| Other amounts receivable | 41 | €4,490,856 | €4,385,150 | -€105,706 | -2.4% |
| Cash at bank and in hand | 54/58 | €26,795 | €132,353 | +€105,558 | +394% |
| Total equity and liabilities | 10/49 | €11,461,289 | €11,426,789 | -€34,500 | -0.3% |
| Equity | 10/15 | €8,761,806 | €8,821,035 | +€59,229 | +0.7% |
| Contributions | 10/11 | €5,859,980 | €5,859,980 | = | 0.0% |
| Reserves | 13 | €585,998 | €585,998 | = | 0.0% |
| Distributable reserves | 133 | €585,998 | €585,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,315,828 | €2,375,057 | +€59,229 | +2.6% |
| Amounts payable | 17/49 | €2,699,483 | €2,605,754 | -€93,729 | -3.5% |
| Amounts payable within one year | 42/48 | €2,699,483 | €2,605,754 | -€93,729 | -3.5% |
| Trade debts | 44 | €50,106 | €20,425 | -€29,681 | -59.2% |
| Suppliers | 440/4 | €50,106 | €20,425 | -€29,681 | -59.2% |
| Taxes, remuneration and social security | 45 | €50,336 | €52,440 | +€2,104 | +4.2% |
| Taxes | 450/3 | €13,371 | €16,817 | +€3,446 | +25.8% |
| Remuneration and social security | 454/9 | €36,965 | €35,623 | -€1,342 | -3.6% |
| Other amounts payable | 47/48 | €2,599,041 | €2,532,889 | -€66,152 | -2.5% |
| Non-recurring operating income | 76A | €2,500 | €10,376 | +€7,876 | +315% |
| Remuneration, social security and pensions | 62 | €261,381 | €253,715 | -€7,666 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €434 | €296 | -€138 | -31.8% |
| Other operating charges | 640/8 | €4,215 | €3,509 | -€706 | -16.7% |
| Gross operating margin | 9900 | €130,167 | €73,005 | -€57,162 | -43.9% |
| Operating profit (loss) | 9901 | -€135,863 | -€184,515 | -€48,652 | -35.8% |
| Financial income | 75/76B | €380,409 | €393,307 | +€12,898 | +3.4% |
| Recurring financial income | 75 | €228,409 | €393,307 | +€164,898 | +72.2% |
| Non-recurring financial income | 76B | €152,000 | - | -€152,000 | |
| Financial charges | 65/66B | €144,599 | €146,447 | +€1,848 | +1.3% |
| Recurring financial charges | 65 | €144,599 | €146,447 | +€1,848 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €99,947 | €62,345 | -€37,602 | -37.6% |
| Income taxes | 67/77 | €4,729 | €3,116 | -€1,613 | -34.1% |
| Profit (loss) for the period | 9904 | €95,218 | €59,229 | -€35,989 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €95,218 | €59,229 | -€35,989 | -37.8% |
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 25 October 2026 via checked.be.