EXPLOITATIEMAATSCHAPPIJ IBA: 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.
EXPLOITATIEMAATSCHAPPIJ IBA
Largest movements
- Cash -€164,723
down €164,723 (-49.8%), from €330,813 to €166,090
mainly Other debts (-€119,924) and Accrued charges and deferred income (-€19,943)
- Receivables within one year +€17,801
up €17,801 (+29.0%), from €61,443 to €79,243
of which Trade receivables: +€30,959
- Tangible fixed assets -€7,511
down €7,511 (-17.6%), from €42,715 to €35,204
of which Plant, machinery and equipment: -€4,407
- Deferred charges and accrued income +€7,326
up €7,326 (+57.9%), from €12,648 to €19,975
- Other debts -€119,924
down €119,924 (-53.6%), from €223,645 to €103,721
- Accrued charges and deferred income -€19,943
down €19,943 (-100%), from €19,943 to €0
- Tax, wage and social debts -€8,292
down €8,292 (-15.0%), from €55,374 to €47,082
of which Remuneration and social security: -€6,671
- Other operating charges -€209,166
down €209,166 (-46.1%), from €453,829 to €244,663
- Gross operating margin -€134,773
down €134,773 (-16.4%), from €821,871 to €687,098
- Staff costs +€57,014
up €57,014 (+15.8%), from €360,671 to €417,685
- Depreciation -€41,105
down €41,105 (-72.2%), from €56,911 to €15,805
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 | €465,915 | €322,001 | -€143,914 | -30.9% |
| Formation expenses | 20 | €8 | €0 | -€8 | -100% |
| Fixed assets | 21/28 | €57,715 | €50,204 | -€7,511 | -13.0% |
| Tangible fixed assets | 22/27 | €42,715 | €35,204 | -€7,511 | -17.6% |
| Land and buildings | 22 | €979 | €520 | -€459 | -46.9% |
| Plant, machinery and equipment | 23 | €32,324 | €27,918 | -€4,407 | -13.6% |
| Furniture and vehicles | 24 | €9,412 | €6,766 | -€2,646 | -28.1% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €408,192 | €271,797 | -€136,395 | -33.4% |
| Stocks and contracts in progress | 3 | €3,288 | €6,489 | +€3,201 | +97.4% |
| Stocks | 30/36 | €3,288 | €6,489 | +€3,201 | +97.4% |
| Amounts receivable within one year | 40/41 | €61,443 | €79,243 | +€17,801 | +29.0% |
| Trade receivables | 40 | €29,740 | €60,698 | +€30,959 | +104% |
| Other amounts receivable | 41 | €31,703 | €18,545 | -€13,158 | -41.5% |
| Cash at bank and in hand | 54/58 | €330,813 | €166,090 | -€164,723 | -49.8% |
| Deferred charges and accrued income | 490/1 | €12,648 | €19,975 | +€7,326 | +57.9% |
| Total equity and liabilities | 10/49 | €465,915 | €322,001 | -€143,914 | -30.9% |
| Equity | 10/15 | €56,382 | €58,538 | +€2,156 | +3.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€43,618 | -€41,462 | +€2,156 | +4.9% |
| Amounts payable | 17/49 | €409,533 | €263,462 | -€146,070 | -35.7% |
| Amounts payable within one year | 42/48 | €389,590 | €263,462 | -€126,128 | -32.4% |
| Trade debts | 44 | €110,571 | €112,659 | +€2,088 | +1.9% |
| Suppliers | 440/4 | €110,571 | €112,659 | +€2,088 | +1.9% |
| Taxes, remuneration and social security | 45 | €55,374 | €47,082 | -€8,292 | -15.0% |
| Taxes | 450/3 | €2,110 | €488 | -€1,621 | -76.9% |
| Remuneration and social security | 454/9 | €53,265 | €46,594 | -€6,671 | -12.5% |
| Other amounts payable | 47/48 | €223,645 | €103,721 | -€119,924 | -53.6% |
| Accrued charges and deferred income | 492/3 | €19,943 | €0 | -€19,943 | -100% |
| Remuneration, social security and pensions | 62 | €360,671 | €417,685 | +€57,014 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,911 | €15,805 | -€41,105 | -72.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €453,829 | €244,663 | -€209,166 | -46.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €821,871 | €687,098 | -€134,773 | -16.4% |
| Operating profit (loss) | 9901 | -€49,540 | €8,945 | +€58,485 | |
| Financial income | 75/76B | €6,390 | €148 | -€6,242 | -97.7% |
| Recurring financial income | 75 | €6,390 | €148 | -€6,242 | -97.7% |
| Financial charges | 65/66B | €2,033 | €6,860 | +€4,827 | +237% |
| Recurring financial charges | 65 | €2,033 | €6,860 | +€4,827 | +237% |
| Profit (loss) for the period before taxes | 9903 | -€45,183 | €2,233 | +€47,416 | |
| Income taxes | 67/77 | €0 | €76 | +€76 | |
| Profit (loss) for the period | 9904 | -€45,183 | €2,156 | +€47,340 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,183 | €2,156 | +€47,340 |
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.