IXOR: 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.
IXOR
Largest movements
- Receivables within one year -€357,316
down €357,316 (-30.2%), from €1.2m to €824,304
of which Other amounts receivable: -€322,068
- Intangible fixed assets -€88,051
down €88,051 (-57.6%), from €152,980 to €64,929
- Cash +€76,477
up €76,477 (+17.4%), from €439,524 to €516,001
mainly Receivables within one year (+€357,316) and Trade debts (+€183,470)
- Reserves -€381,834
down €381,834 (-34.1%), from €1.1m to €737,679
- Tax, wage and social debts -€303,133
down €303,133 (-89.3%), from €339,318 to €36,185
of which Taxes: -€169,413
- Trade debts +€183,470
up €183,470 (+49.4%), from €371,036 to €554,506
- Other debts +€155,942
up €155,942 (+144,017%), from €108 to €156,050
- Gross operating margin -€786,428
down €786,428 (-43.1%), from €1.8m to €1.0m
- Staff costs -€654,543
down €654,543 (-48.4%), from €1.4m to €697,092
- Depreciation +€24,953
up €24,953 (+31.7%), from €78,797 to €103,751
- Financial charges -€19,390
down €19,390 (-51.6%), from €37,542 to €18,153
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 | €1,830,063 | €1,484,507 | -€345,555 | -18.9% |
| Fixed assets | 21/28 | €199,037 | €127,460 | -€71,577 | -36.0% |
| Intangible fixed assets | 21 | €152,980 | €64,929 | -€88,051 | -57.6% |
| Tangible fixed assets | 22/27 | €46,057 | €62,531 | +€16,474 | +35.8% |
| Land and buildings | 22 | €17,215 | €38,782 | +€21,568 | +125% |
| Plant, machinery and equipment | 23 | €2,031 | €1,016 | -€1,016 | -50.0% |
| Furniture and vehicles | 24 | €21,229 | €19,371 | -€1,858 | -8.8% |
| Other tangible fixed assets | 26 | €5,582 | €3,362 | -€2,220 | -39.8% |
| Current assets | 29/58 | €1,631,025 | €1,357,047 | -€273,978 | -16.8% |
| Amounts receivable within one year | 40/41 | €1,181,620 | €824,304 | -€357,316 | -30.2% |
| Trade receivables | 40 | €757,548 | €722,300 | -€35,248 | -4.7% |
| Other amounts receivable | 41 | €424,072 | €102,004 | -€322,068 | -75.9% |
| Cash at bank and in hand | 54/58 | €439,524 | €516,001 | +€76,477 | +17.4% |
| Deferred charges and accrued income | 490/1 | €9,881 | €16,742 | +€6,861 | +69.4% |
| Total equity and liabilities | 10/49 | €1,830,063 | €1,484,507 | -€345,555 | -18.9% |
| Equity | 10/15 | €1,119,600 | €737,766 | -€381,834 | -34.1% |
| Contributions | 10/11 | €87 | €87 | = | 0.0% |
| Reserves | 13 | €1,119,513 | €737,679 | -€381,834 | -34.1% |
| Distributable reserves | 133 | €1,119,513 | €737,679 | -€381,834 | -34.1% |
| Amounts payable | 17/49 | €710,463 | €746,742 | +€36,279 | +5.1% |
| Amounts payable within one year | 42/48 | €710,463 | €746,742 | +€36,279 | +5.1% |
| Trade debts | 44 | €371,036 | €554,506 | +€183,470 | +49.4% |
| Suppliers | 440/4 | €371,036 | €554,506 | +€183,470 | +49.4% |
| Taxes, remuneration and social security | 45 | €339,318 | €36,185 | -€303,133 | -89.3% |
| Taxes | 450/3 | €200,778 | €31,365 | -€169,413 | -84.4% |
| Remuneration and social security | 454/9 | €138,540 | €4,820 | -€133,720 | -96.5% |
| Other amounts payable | 47/48 | €108 | €156,050 | +€155,942 | +144,017% |
| Non-recurring operating income | 76A | €3,386 | - | -€3,386 | |
| Remuneration, social security and pensions | 62 | €1,351,635 | €697,092 | -€654,543 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,797 | €103,751 | +€24,953 | +31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,756 | - | -€7,756 | |
| Other operating charges | 640/8 | €16,770 | €16,739 | -€32 | -0.2% |
| Gross operating margin | 9900 | €1,823,012 | €1,036,584 | -€786,428 | -43.1% |
| Operating profit (loss) | 9901 | €368,053 | €219,003 | -€149,051 | -40.5% |
| Financial income | 75/76B | €42 | €1,757 | +€1,716 | +4,118% |
| Recurring financial income | 75 | €42 | €911 | +€870 | +2,088% |
| Non-recurring financial income | 76B | - | €846 | +€846 | |
| Financial charges | 65/66B | €37,542 | €18,153 | -€19,390 | -51.6% |
| Recurring financial charges | 65 | €37,542 | €18,153 | -€19,390 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €330,553 | €202,607 | -€127,945 | -38.7% |
| Income taxes | 67/77 | €75,423 | €70,066 | -€5,357 | -7.1% |
| Profit (loss) for the period | 9904 | €255,129 | €132,541 | -€122,588 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €255,129 | €132,541 | -€122,588 | -48.0% |
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 17 October 2026 via checked.be.