EXPLOITATIEMAATSCHAPPIJ IBKH: 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 IBKH
Largest movements
- Tangible fixed assets +€8,643
up €8,643 (+22.5%), from €38,373 to €47,016
of which Plant, machinery and equipment: +€8,643
- Receivables within one year +€6,760
up €6,760 (+10.1%), from €66,873 to €73,633
of which Other amounts receivable: +€6,490
- Reserves +€21,552
up €21,552 (+99.2%), from €21,722 to €43,275
of which Distributable reserves: +€20,475
- Advances received +€8,501
new in 2025: €8,501
- Other debts -€5,683
down €5,683 (-11.9%), from €47,660 to €41,977
- Tax, wage and social debts -€4,509
down €4,509 (-7.4%), from €60,839 to €56,331
of which Remuneration and social security: -€3,113
- Other operating charges -€44,753
down €44,753 (-15.5%), from €288,303 to €243,550
- Gross operating margin +€23,203
up €23,203 (+3.6%), from €650,458 to €673,662
- Staff costs +€10,762
up €10,762 (+2.9%), from €375,614 to €386,376
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 | €415,209 | €436,952 | +€21,742 | +5.2% |
| Fixed assets | 21/28 | €58,373 | €67,016 | +€8,643 | +14.8% |
| Tangible fixed assets | 22/27 | €38,373 | €47,016 | +€8,643 | +22.5% |
| Plant, machinery and equipment | 23 | €38,373 | €47,016 | +€8,643 | +22.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €356,837 | €369,936 | +€13,099 | +3.7% |
| Stocks and contracts in progress | 3 | €4,670 | €4,229 | -€441 | -9.4% |
| Stocks | 30/36 | €4,670 | €4,229 | -€441 | -9.4% |
| Amounts receivable within one year | 40/41 | €66,873 | €73,633 | +€6,760 | +10.1% |
| Trade receivables | 40 | €44,478 | €44,748 | +€270 | +0.6% |
| Other amounts receivable | 41 | €22,395 | €28,885 | +€6,490 | +29.0% |
| Cash at bank and in hand | 54/58 | €278,932 | €282,494 | +€3,561 | +1.3% |
| Deferred charges and accrued income | 490/1 | €6,362 | €9,580 | +€3,219 | +50.6% |
| Total equity and liabilities | 10/49 | €415,209 | €436,952 | +€21,742 | +5.2% |
| Equity | 10/15 | €121,722 | €143,275 | +€21,552 | +17.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €21,722 | €43,275 | +€21,552 | +99.2% |
| Non-distributable reserves | 130/1 | - | €1,078 | +€1,078 | |
| Other | 1319 | - | €1,078 | +€1,078 | |
| Distributable reserves | 133 | €21,722 | €42,197 | +€20,475 | +94.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €293,487 | €293,677 | +€190 | +0.1% |
| Amounts payable within one year | 42/48 | €293,487 | €293,677 | +€190 | +0.1% |
| Trade debts | 44 | €184,988 | €186,868 | +€1,881 | +1.0% |
| Suppliers | 440/4 | €184,988 | €186,868 | +€1,881 | +1.0% |
| Advances received on contracts in progress | 46 | - | €8,501 | +€8,501 | |
| Taxes, remuneration and social security | 45 | €60,839 | €56,331 | -€4,509 | -7.4% |
| Taxes | 450/3 | €2,085 | €690 | -€1,395 | -66.9% |
| Remuneration and social security | 454/9 | €58,754 | €55,641 | -€3,113 | -5.3% |
| Other amounts payable | 47/48 | €47,660 | €41,977 | -€5,683 | -11.9% |
| Remuneration, social security and pensions | 62 | €375,614 | €386,376 | +€10,762 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,027 | €18,256 | +€2,228 | +13.9% |
| Other operating charges | 640/8 | €288,303 | €243,550 | -€44,753 | -15.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €650,458 | €673,662 | +€23,203 | +3.6% |
| Operating profit (loss) | 9901 | -€29,485 | €25,481 | +€54,966 | |
| Financial income | 75/76B | €18 | €72 | +€54 | +292% |
| Recurring financial income | 75 | €18 | €72 | +€54 | +292% |
| Financial charges | 65/66B | €732 | €1,906 | +€1,174 | +160% |
| Recurring financial charges | 65 | €732 | €1,906 | +€1,174 | +160% |
| Profit (loss) for the period before taxes | 9903 | -€30,199 | €23,647 | +€53,846 | |
| Income taxes | 67/77 | €503 | €2,094 | +€1,592 | +316% |
| Profit (loss) for the period | 9904 | -€30,702 | €21,552 | +€52,254 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,702 | €21,552 | +€52,254 |
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.