IXORA: 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.
IXORA
Largest movements
- Tangible fixed assets -€75,870
down €75,870 (-13.3%), from €570,110 to €494,240
of which Land and buildings: -€48,656
- Cash +€30,196
up €30,196 (+13.8%), from €218,704 to €248,901
mainly Depreciation (+€79,791) and Net result for the year (+€31,199)
- Stocks and contracts +€9,686
up €9,686 (+18.3%), from €53,026 to €62,713
- Debts after one year -€86,518
down €86,518 (-33.5%), from €258,256 to €171,737
of which Financial debts: -€61,518
- Reserves +€31,199
up €31,199 (+9.9%), from €316,645 to €347,844
of which Distributable reserves: +€31,199
- Trade debts +€12,991
up €12,991 (+201.3%), from €6,454 to €19,444
- Financial income -€27,076
down €27,076 (-97.3%), from €27,841 to €765
of which Non-recurring financial income: -€26,475
- Depreciation +€9,476
up €9,476 (+13.5%), from €70,315 to €79,791
- Gross operating margin -€5,803
down €5,803 (-1.4%), from €407,454 to €401,650
- Staff costs -€5,642
down €5,642 (-2.2%), from €260,494 to €254,852
- Taxes -€5,328
down €5,328 (-28.6%), from €18,605 to €13,277
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 | €893,597 | €854,185 | -€39,412 | -4.4% |
| Fixed assets | 21/28 | €570,111 | €494,241 | -€75,870 | -13.3% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €570,110 | €494,240 | -€75,870 | -13.3% |
| Land and buildings | 22 | €442,468 | €393,812 | -€48,656 | -11.0% |
| Plant, machinery and equipment | 23 | €42,191 | €30,533 | -€11,658 | -27.6% |
| Furniture and vehicles | 24 | €85,451 | €69,895 | -€15,556 | -18.2% |
| Current assets | 29/58 | €323,486 | €359,944 | +€36,458 | +11.3% |
| Stocks and contracts in progress | 3 | €53,026 | €62,713 | +€9,686 | +18.3% |
| Stocks | 30/36 | €53,026 | €62,713 | +€9,686 | +18.3% |
| Amounts receivable within one year | 40/41 | €47,327 | €47,263 | -€65 | -0.1% |
| Trade receivables | 40 | €22,249 | €22,937 | +€688 | +3.1% |
| Other amounts receivable | 41 | €25,078 | €24,326 | -€752 | -3.0% |
| Cash at bank and in hand | 54/58 | €218,704 | €248,901 | +€30,196 | +13.8% |
| Deferred charges and accrued income | 490/1 | €4,428 | €1,068 | -€3,360 | -75.9% |
| Total equity and liabilities | 10/49 | €893,597 | €854,185 | -€39,412 | -4.4% |
| Equity | 10/15 | €416,645 | €447,844 | +€31,199 | +7.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €316,645 | €347,844 | +€31,199 | +9.9% |
| Tax-exempt reserves | 132 | €2,121 | €2,121 | = | 0.0% |
| Distributable reserves | 133 | €314,523 | €345,723 | +€31,199 | +9.9% |
| Amounts payable | 17/49 | €476,952 | €406,341 | -€70,612 | -14.8% |
| Amounts payable after more than one year | 17 | €258,256 | €171,737 | -€86,518 | -33.5% |
| Financial debts | 170/4 | €233,256 | €171,737 | -€61,518 | -26.4% |
| Other amounts payable | 178/9 | €25,000 | - | -€25,000 | |
| Amounts payable within one year | 42/48 | €213,466 | €232,566 | +€19,100 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €64,353 | €61,323 | -€3,030 | -4.7% |
| Trade debts | 44 | €6,454 | €19,444 | +€12,991 | +201.3% |
| Suppliers | 440/4 | €6,454 | €19,444 | +€12,991 | +201.3% |
| Advances received on contracts in progress | 46 | €46,748 | €52,794 | +€6,046 | +12.9% |
| Taxes, remuneration and social security | 45 | €73,702 | €70,993 | -€2,709 | -3.7% |
| Taxes | 450/3 | €18,748 | €23,635 | +€4,887 | +26.1% |
| Remuneration and social security | 454/9 | €54,954 | €47,357 | -€7,597 | -13.8% |
| Other amounts payable | 47/48 | €22,209 | €28,011 | +€5,802 | +26.1% |
| Accrued charges and deferred income | 492/3 | €5,231 | €2,038 | -€3,193 | -61.0% |
| Non-recurring operating income | 76A | - | €5,281 | +€5,281 | |
| Remuneration, social security and pensions | 62 | €260,494 | €254,852 | -€5,642 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,315 | €79,791 | +€9,476 | +13.5% |
| Other operating charges | 640/8 | €7,107 | €6,815 | -€293 | -4.1% |
| Non-recurring operating charges | 66A | €42 | - | -€42 | |
| Gross operating margin | 9900 | €407,454 | €401,650 | -€5,803 | -1.4% |
| Operating profit (loss) | 9901 | €69,495 | €60,192 | -€9,303 | -13.4% |
| Financial income | 75/76B | €27,841 | €765 | -€27,076 | -97.3% |
| Recurring financial income | 75 | €1,366 | €765 | -€601 | -44.0% |
| Non-recurring financial income | 76B | €26,475 | - | -€26,475 | |
| Financial charges | 65/66B | €21,039 | €16,482 | -€4,557 | -21.7% |
| Recurring financial charges | 65 | €21,039 | €16,482 | -€4,557 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €76,297 | €44,476 | -€31,821 | -41.7% |
| Income taxes | 67/77 | €18,605 | €13,277 | -€5,328 | -28.6% |
| Profit (loss) for the period | 9904 | €57,692 | €31,199 | -€26,493 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,692 | €31,199 | -€26,493 | -45.9% |
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 6 October 2026 via checked.be.