IP MODUS: 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.
IP MODUS
Largest movements
- Cash -€42,084
down €42,084 (-22.1%), from €190,025 to €147,941
mainly Other debts (-€41,188) and Contributions, distributions and other (-€27,800)
- Receivables within one year +€12,390
up €12,390 (+61.9%), from €20,012 to €32,402
of which Trade receivables: +€13,576
- Stocks and contracts -€5,652
no longer reported in 2025 (was €5,652)
- Other debts -€41,188
down €41,188 (-93.3%), from €44,144 to €2,956
- Reserves +€4,200
up €4,200 (+3.5%), from €118,359 to €122,559
of which Distributable reserves: +€6,060
- Depreciation -€3,122
down €3,122 (-50.0%), from €6,245 to €3,123
- Gross operating margin -€2,914
down €2,914 (-5.1%), from €56,599 to €53,685
- Taxes +€1,340
up €1,340 (+8.2%), from €16,258 to €17,598
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 | €219,637 | €182,949 | -€36,688 | -16.7% |
| Fixed assets | 21/28 | €3,795 | €2,306 | -€1,489 | -39.2% |
| Tangible fixed assets | 22/27 | €3,795 | €2,306 | -€1,489 | -39.2% |
| Furniture and vehicles | 24 | €3,795 | €2,306 | -€1,489 | -39.2% |
| Current assets | 29/58 | €215,842 | €180,643 | -€35,199 | -16.3% |
| Stocks and contracts in progress | 3 | €5,652 | - | -€5,652 | |
| Stocks | 30/36 | €5,652 | - | -€5,652 | |
| Amounts receivable within one year | 40/41 | €20,012 | €32,402 | +€12,390 | +61.9% |
| Trade receivables | 40 | €18,509 | €32,084 | +€13,576 | +73.3% |
| Other amounts receivable | 41 | €1,503 | €317 | -€1,186 | -78.9% |
| Cash at bank and in hand | 54/58 | €190,025 | €147,941 | -€42,084 | -22.1% |
| Deferred charges and accrued income | 490/1 | €153 | €300 | +€147 | +95.8% |
| Total equity and liabilities | 10/49 | €219,637 | €182,949 | -€36,688 | -16.7% |
| Equity | 10/15 | €146,324 | €151,123 | +€4,799 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,359 | €122,559 | +€4,200 | +3.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €116,499 | €122,559 | +€6,060 | +5.2% |
| Profit (loss) carried forward | 14 | €9,365 | €9,964 | +€599 | +6.4% |
| Amounts payable | 17/49 | €73,313 | €31,826 | -€41,487 | -56.6% |
| Amounts payable within one year | 42/48 | €73,313 | €31,826 | -€41,487 | -56.6% |
| Trade debts | 44 | €21,439 | €22,109 | +€670 | +3.1% |
| Suppliers | 440/4 | €21,439 | €22,109 | +€670 | +3.1% |
| Taxes, remuneration and social security | 45 | €7,730 | €6,762 | -€969 | -12.5% |
| Taxes | 450/3 | €7,730 | €6,744 | -€987 | -12.8% |
| Remuneration and social security | 454/9 | - | €18 | +€18 | |
| Other amounts payable | 47/48 | €44,144 | €2,956 | -€41,188 | -93.3% |
| Remuneration, social security and pensions | 62 | - | €237 | +€237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,245 | €3,123 | -€3,122 | -50.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €505 | - | -€505 | |
| Other operating charges | 640/8 | €290 | €124 | -€165 | -57.1% |
| Gross operating margin | 9900 | €56,599 | €53,685 | -€2,914 | -5.1% |
| Operating profit (loss) | 9901 | €49,560 | €50,202 | +€642 | +1.3% |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | €163 | €165 | +€1 | +0.8% |
| Recurring financial charges | 65 | €163 | €165 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €49,397 | €50,197 | +€801 | +1.6% |
| Income taxes | 67/77 | €16,258 | €17,598 | +€1,340 | +8.2% |
| Profit (loss) for the period | 9904 | €33,139 | €32,599 | -€540 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,139 | €32,599 | -€540 | -1.6% |
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 28 October 2026 via checked.be.