IXEDO: 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.
IXEDO
Largest movements
- Stocks and contracts -€22,550
down €22,550 (-100.0%), from €22,550 to €0
- Financial fixed assets +€20,000
new in 2025: €20,000
- Tangible fixed assets +€10,533
up €10,533 (+57.5%), from €18,330 to €28,862
of which Furniture and vehicles: +€12,682
- Receivables within one year +€6,475
up €6,475 (+193.1%), from €3,354 to €9,829
of which Trade receivables: +€7,250
- Cash +€6,151
up €6,151 (+22.1%), from €27,896 to €34,047
mainly Advances received (+€29,575) and Stocks and contracts (+€22,550)
- Advances received +€29,575
new in 2025: €29,575
- Tax, wage and social debts -€7,646
down €7,646 (-56.9%), from €13,443 to €5,797
of which Taxes: -€7,246
- Other debts -€6,629
down €6,629 (-27.5%), from €24,103 to €17,474
- Profit (loss) carried forward +€3,973
up €3,973 (+12.6%), from €31,513 to €35,487
- Gross operating margin +€18,649
up €18,649 (+127.9%), from €14,582 to €33,231
- Other operating charges +€9,704
up €9,704 (+249.7%), from €3,886 to €13,589
- Depreciation +€8,705
up €8,705 (+86.7%), from €10,045 to €18,750
- Taxes -€5,723
down €5,723, from €2,356 to -€3,367
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.
Cash bridge derived
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 | €73,066 | €93,681 | +€20,614 | +28.2% |
| Fixed assets | 21/28 | €18,330 | €48,862 | +€30,533 | +166.6% |
| Tangible fixed assets | 22/27 | €18,330 | €28,862 | +€10,533 | +57.5% |
| Plant, machinery and equipment | 23 | €2,089 | €1,430 | -€659 | -31.6% |
| Furniture and vehicles | 24 | €11,792 | €24,475 | +€12,682 | +107.5% |
| Other tangible fixed assets | 26 | €4,448 | €2,958 | -€1,491 | -33.5% |
| Financial fixed assets | 28 | - | €20,000 | +€20,000 | |
| Current assets | 29/58 | €54,737 | €44,818 | -€9,918 | -18.1% |
| Stocks and contracts in progress | 3 | €22,550 | €0 | -€22,550 | -100.0% |
| Stocks | 30/36 | €22,550 | €0 | -€22,550 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,354 | €9,829 | +€6,475 | +193.1% |
| Trade receivables | 40 | €0 | €7,250 | +€7,250 | |
| Other amounts receivable | 41 | €3,354 | €2,579 | -€775 | -23.1% |
| Cash at bank and in hand | 54/58 | €27,896 | €34,047 | +€6,151 | +22.1% |
| Deferred charges and accrued income | 490/1 | €937 | €942 | +€5 | +0.6% |
| Total equity and liabilities | 10/49 | €73,066 | €93,681 | +€20,614 | +28.2% |
| Equity | 10/15 | €34,013 | €37,987 | +€3,973 | +11.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,513 | €35,487 | +€3,973 | +12.6% |
| Amounts payable | 17/49 | €39,053 | €55,694 | +€16,641 | +42.6% |
| Amounts payable within one year | 42/48 | €39,053 | €55,694 | +€16,641 | +42.6% |
| Financial debts | 43 | €357 | €1,274 | +€917 | +256.8% |
| Credit institutions | 430/8 | €357 | €1,274 | +€917 | +256.8% |
| Trade debts | 44 | €1,150 | €1,573 | +€423 | +36.8% |
| Suppliers | 440/4 | €1,150 | €1,573 | +€423 | +36.8% |
| Advances received on contracts in progress | 46 | - | €29,575 | +€29,575 | |
| Taxes, remuneration and social security | 45 | €13,443 | €5,797 | -€7,646 | -56.9% |
| Taxes | 450/3 | €13,043 | €5,797 | -€7,246 | -55.6% |
| Remuneration and social security | 454/9 | €400 | €0 | -€400 | -100.0% |
| Other amounts payable | 47/48 | €24,103 | €17,474 | -€6,629 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,045 | €18,750 | +€8,705 | +86.7% |
| Other operating charges | 640/8 | €3,886 | €13,589 | +€9,704 | +249.7% |
| Gross operating margin | 9900 | €14,582 | €33,231 | +€18,649 | +127.9% |
| Operating profit (loss) | 9901 | €651 | €891 | +€241 | +37.0% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €465 | €287 | -€178 | -38.2% |
| Recurring financial charges | 65 | €465 | €287 | -€178 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €186 | €607 | +€421 | +226.3% |
| Income taxes | 67/77 | €2,356 | -€3,367 | -€5,723 | |
| Profit (loss) for the period | 9904 | -€2,170 | €3,973 | +€6,144 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,170 | €3,973 | +€6,144 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.