IXA: 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.
IXA
Largest movements
- Deferred charges and accrued income -€340,134
no longer reported in 2024 (was €340,134)
- Cash +€154,213
new in 2024: €154,213
mainly Deferred charges and accrued income (+€340,134) and Depreciation (+€219,168)
- Tangible fixed assets -€124,569
down €124,569 (-5.3%), from €2.3m to €2.2m
of which Land and buildings: -€100,823
- Intangible fixed assets -€52,775
down €52,775 (-16.3%), from €323,267 to €270,493
- Debts after one year -€208,008
down €208,008 (-9.1%), from €2.3m to €2.1m
- Profit (loss) carried forward +€169,794
up €169,794 (+33.1%), from €513,541 to €683,334
- Trade debts -€114,190
down €114,190 (-26.9%), from €423,907 to €309,717
- Advances received -€94,246
down €94,246 (-27.1%), from €347,733 to €253,487
- Tax, wage and social debts -€45,936
down €45,936 (-31.7%), from €144,803 to €98,867
of which Taxes: -€41,639
- Depreciation -€267,939
down €267,939 (-55.0%), from €487,107 to €219,168
- Gross operating margin -€123,567
down €123,567 (-12.1%), from €1.0m to €896,409
- Taxes +€35,000
up €35,000 (+140.0%), from €25,000 to €60,000
- Staff costs +€18,575
up €18,575 (+4.4%), from €420,477 to €439,053
- Financial charges +€14,110
up €14,110 (+15.3%), from €92,076 to €106,186
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 | €4,278,788 | €3,959,555 | -€319,233 | -7.5% |
| Fixed assets | 21/28 | €2,672,193 | €2,494,850 | -€177,344 | -6.6% |
| Intangible fixed assets | 21 | €323,267 | €270,493 | -€52,775 | -16.3% |
| Tangible fixed assets | 22/27 | €2,348,926 | €2,224,357 | -€124,569 | -5.3% |
| Land and buildings | 22 | €2,246,734 | €2,145,911 | -€100,823 | -4.5% |
| Plant, machinery and equipment | 23 | €43,480 | €19,559 | -€23,921 | -55.0% |
| Furniture and vehicles | 24 | €58,712 | €58,887 | +€175 | +0.3% |
| Current assets | 29/58 | €1,606,595 | €1,464,706 | -€141,889 | -8.8% |
| Stocks and contracts in progress | 3 | €152,234 | €186,706 | +€34,472 | +22.6% |
| Stocks | 30/36 | €152,234 | €186,706 | +€34,472 | +22.6% |
| Amounts receivable within one year | 40/41 | €1,114,227 | €1,123,786 | +€9,559 | +0.9% |
| Trade receivables | 40 | €678,337 | €413,691 | -€264,645 | -39.0% |
| Other amounts receivable | 41 | €435,891 | €710,095 | +€274,204 | +62.9% |
| Cash at bank and in hand | 54/58 | - | €154,213 | +€154,213 | |
| Deferred charges and accrued income | 490/1 | €340,134 | - | -€340,134 | |
| Total equity and liabilities | 10/49 | €4,278,788 | €3,959,555 | -€319,233 | -7.5% |
| Equity | 10/15 | €523,541 | €693,334 | +€169,794 | +32.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €513,541 | €683,334 | +€169,794 | +33.1% |
| Amounts payable | 17/49 | €3,755,247 | €3,266,221 | -€489,026 | -13.0% |
| Amounts payable after more than one year | 17 | €2,287,864 | €2,079,857 | -€208,008 | -9.1% |
| Financial debts | 170/4 | €2,287,864 | €2,079,857 | -€208,008 | -9.1% |
| Amounts payable within one year | 42/48 | €1,467,383 | €1,186,364 | -€281,019 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €212,063 | €216,060 | +€3,996 | +1.9% |
| Trade debts | 44 | €423,907 | €309,717 | -€114,190 | -26.9% |
| Suppliers | 440/4 | €423,907 | €309,717 | -€114,190 | -26.9% |
| Advances received on contracts in progress | 46 | €347,733 | €253,487 | -€94,246 | -27.1% |
| Taxes, remuneration and social security | 45 | €144,803 | €98,867 | -€45,936 | -31.7% |
| Taxes | 450/3 | €101,135 | €59,496 | -€41,639 | -41.2% |
| Remuneration and social security | 454/9 | €43,669 | €39,371 | -€4,298 | -9.8% |
| Other amounts payable | 47/48 | €338,877 | €308,234 | -€30,643 | -9.0% |
| Remuneration, social security and pensions | 62 | €420,477 | €439,053 | +€18,575 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487,107 | €219,168 | -€267,939 | -55.0% |
| Other operating charges | 640/8 | €18,041 | €7,507 | -€10,534 | -58.4% |
| Gross operating margin | 9900 | €1,019,976 | €896,409 | -€123,567 | -12.1% |
| Operating profit (loss) | 9901 | €94,350 | €230,682 | +€136,331 | +144.5% |
| Financial income | 75/76B | €104,469 | €105,297 | +€829 | +0.8% |
| Recurring financial income | 75 | €104,469 | €105,297 | +€829 | +0.8% |
| Financial charges | 65/66B | €92,076 | €106,186 | +€14,110 | +15.3% |
| Recurring financial charges | 65 | €92,076 | €106,186 | +€14,110 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €106,744 | €229,794 | +€123,050 | +115.3% |
| Income taxes | 67/77 | €25,000 | €60,000 | +€35,000 | +140.0% |
| Profit (loss) for the period | 9904 | €81,744 | €169,794 | +€88,050 | +107.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,744 | €169,794 | +€88,050 | +107.7% |
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 30 September 2026 via checked.be.