IXELCONSULT: 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.
IXELCONSULT
Largest movements
- Receivables within one year +€493,278
up €493,278 (+4,200%), from €11,745 to €505,023
of which Trade receivables: +€462,810
- Cash -€341,367
down €341,367 (-55.4%), from €615,666 to €274,299
mainly Receivables within one year (-€493,278) and Other debts (-€193,306)
- Reserves +€307,000
up €307,000 (+245%), from €125,422 to €432,422
- Other debts -€193,306
no longer reported in 2025 (was €193,306)
- Tax, wage and social debts +€21,830
up €21,830 (+96.6%), from €22,592 to €44,422
- Trade debts +€19,961
new in 2025: €19,961
- Gross operating margin +€275,953
up €275,953 (+140%), from €196,908 to €472,860
- Taxes +€88,238
up €88,238 (+168%), from €52,592 to €140,830
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 | €676,270 | €832,495 | +€156,225 | +23.1% |
| Fixed assets | 21/28 | €45,146 | €49,329 | +€4,183 | +9.3% |
| Tangible fixed assets | 22/27 | €44,246 | €48,229 | +€3,983 | +9.0% |
| Plant, machinery and equipment | 23 | €30,809 | €31,825 | +€1,016 | +3.3% |
| Furniture and vehicles | 24 | €13,437 | €16,404 | +€2,967 | +22.1% |
| Financial fixed assets | 28 | €900 | €1,100 | +€200 | +22.2% |
| Current assets | 29/58 | €631,123 | €783,166 | +€152,042 | +24.1% |
| Amounts receivable within one year | 40/41 | €11,745 | €505,023 | +€493,278 | +4,200% |
| Trade receivables | 40 | €11,194 | €474,003 | +€462,810 | +4,135% |
| Other amounts receivable | 41 | €552 | €31,019 | +€30,468 | +5,524% |
| Cash at bank and in hand | 54/58 | €615,666 | €274,299 | -€341,367 | -55.4% |
| Deferred charges and accrued income | 490/1 | €3,712 | €3,844 | +€132 | +3.6% |
| Total equity and liabilities | 10/49 | €676,270 | €832,495 | +€156,225 | +23.1% |
| Equity | 10/15 | €450,224 | €757,930 | +€307,706 | +68.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,422 | €432,422 | +€307,000 | +245% |
| Distributable reserves | 133 | €125,422 | €432,422 | +€307,000 | +245% |
| Profit (loss) carried forward | 14 | €306,202 | €306,908 | +€706 | +0.2% |
| Amounts payable | 17/49 | €226,046 | €74,565 | -€151,481 | -67.0% |
| Amounts payable within one year | 42/48 | €226,046 | €74,494 | -€151,552 | -67.0% |
| Financial debts | 43 | €10,147 | €10,111 | -€36 | -0.4% |
| Credit institutions | 430/8 | €10,147 | €10,111 | -€36 | -0.4% |
| Trade debts | 44 | - | €19,961 | +€19,961 | |
| Suppliers | 440/4 | - | €19,961 | +€19,961 | |
| Taxes, remuneration and social security | 45 | €22,592 | €44,422 | +€21,830 | +96.6% |
| Taxes | 450/3 | €22,592 | €44,422 | +€21,830 | +96.6% |
| Other amounts payable | 47/48 | €193,306 | - | -€193,306 | |
| Accrued charges and deferred income | 492/3 | - | €71 | +€71 | |
| Non-recurring operating income | 76A | €36,199 | - | -€36,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,207 | €9,692 | +€1,485 | +18.1% |
| Other operating charges | 640/8 | €6,393 | €2,072 | -€4,321 | -67.6% |
| Non-recurring operating charges | 66A | - | €3,630 | +€3,630 | |
| Gross operating margin | 9900 | €196,908 | €472,860 | +€275,953 | +140% |
| Operating profit (loss) | 9901 | €182,308 | €457,467 | +€275,159 | +151% |
| Financial income | 75/76B | €2 | €558 | +€556 | +27,679% |
| Recurring financial income | 75 | €2 | €558 | +€556 | +27,679% |
| Financial charges | 65/66B | €6,155 | €9,490 | +€3,334 | +54.2% |
| Recurring financial charges | 65 | €6,155 | €9,490 | +€3,334 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €176,154 | €448,536 | +€272,381 | +155% |
| Income taxes | 67/77 | €52,592 | €140,830 | +€88,238 | +168% |
| Profit (loss) for the period | 9904 | €123,562 | €307,706 | +€184,144 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €123,562 | €307,706 | +€184,144 | +149% |
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 20 October 2026 via checked.be.