Ipundi Belgium: 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.
Ipundi Belgium
Largest movements
- Receivables within one year +€320,547
up €320,547 (+577%), from €55,595 to €376,143
of which Other amounts receivable: +€305,996
- Cash -€160,223
down €160,223 (-94.3%), from €169,847 to €9,624
mainly Receivables within one year (-€320,547) and Deferred charges and accrued income (-€37,000)
- Deferred charges and accrued income +€37,000
new in 2025: €37,000
- Stocks and contracts -€30,250
down €30,250 (-26.8%), from €113,025 to €82,775
- Trade debts +€152,479
up €152,479 (+3,291%), from €4,633 to €157,112
- Profit (loss) carried forward +€35,963
up €35,963 (+11.8%), from €305,830 to €341,792
- Tax, wage and social debts -€21,632
down €21,632 (-87.2%), from €24,808 to €3,177
- Gross operating margin -€168,647
down €168,647 (-80.4%), from €209,841 to €41,194
- Taxes -€8,513
down €8,513 (-41.5%), from €20,500 to €11,988
- Financial income -€5,069
down €5,069 (-38.5%), from €13,169 to €8,100
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 | €340,271 | €507,081 | +€166,810 | +49.0% |
| Fixed assets | 21/28 | €1,804 | €1,539 | -€265 | -14.7% |
| Tangible fixed assets | 22/27 | €1,804 | €1,539 | -€265 | -14.7% |
| Plant, machinery and equipment | 23 | €1,804 | €1,539 | -€265 | -14.7% |
| Current assets | 29/58 | €338,467 | €505,542 | +€167,075 | +49.4% |
| Stocks and contracts in progress | 3 | €113,025 | €82,775 | -€30,250 | -26.8% |
| Stocks | 30/36 | €113,025 | €82,775 | -€30,250 | -26.8% |
| Amounts receivable within one year | 40/41 | €55,595 | €376,143 | +€320,547 | +577% |
| Trade receivables | 40 | €55,560 | €70,112 | +€14,552 | +26.2% |
| Other amounts receivable | 41 | €35 | €306,030 | +€305,996 | +883,104% |
| Cash at bank and in hand | 54/58 | €169,847 | €9,624 | -€160,223 | -94.3% |
| Deferred charges and accrued income | 490/1 | - | €37,000 | +€37,000 | |
| Total equity and liabilities | 10/49 | €340,271 | €507,081 | +€166,810 | +49.0% |
| Equity | 10/15 | €310,830 | €346,792 | +€35,963 | +11.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305,830 | €341,792 | +€35,963 | +11.8% |
| Amounts payable | 17/49 | €29,442 | €160,289 | +€130,847 | +444% |
| Amounts payable within one year | 42/48 | €29,442 | €160,289 | +€130,847 | +444% |
| Trade debts | 44 | €4,633 | €157,112 | +€152,479 | +3,291% |
| Suppliers | 440/4 | €4,633 | €157,112 | +€152,479 | +3,291% |
| Taxes, remuneration and social security | 45 | €24,808 | €3,177 | -€21,632 | -87.2% |
| Taxes | 450/3 | €24,808 | €3,177 | -€21,632 | -87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €502 | €265 | -€237 | -47.1% |
| Other operating charges | 640/8 | €1,177 | €713 | -€465 | -39.5% |
| Gross operating margin | 9900 | €209,841 | €41,194 | -€168,647 | -80.4% |
| Operating profit (loss) | 9901 | €208,162 | €40,216 | -€167,946 | -80.7% |
| Financial income | 75/76B | €13,169 | €8,100 | -€5,069 | -38.5% |
| Recurring financial income | 75 | €13,169 | €8,100 | -€5,069 | -38.5% |
| Financial charges | 65/66B | €1,867 | €366 | -€1,501 | -80.4% |
| Recurring financial charges | 65 | €1,867 | €366 | -€1,501 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | €219,464 | €47,950 | -€171,514 | -78.2% |
| Income taxes | 67/77 | €20,500 | €11,988 | -€8,513 | -41.5% |
| Profit (loss) for the period | 9904 | €198,964 | €35,963 | -€163,002 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €198,964 | €35,963 | -€163,002 | -81.9% |
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 30 October 2026 via checked.be.