I.B.A.: 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.
I.B.A.
Largest movements
- Receivables within one year -€68,497
down €68,497 (-17.5%), from €390,974 to €322,477
of which Trade receivables: -€68,498
- Cash +€20,775
up €20,775 (+223%), from €9,305 to €30,080
mainly Receivables within one year (+€68,497) and Stocks and contracts (+€16,000)
- Stocks and contracts -€16,000
down €16,000 (-12.0%), from €133,400 to €117,400
- Trade debts -€35,938
down €35,938 (-71.3%), from €50,391 to €14,453
- Debts after one year -€32,088
down €32,088 (-11.7%), from €274,052 to €241,964
- Short-term financial debts -€15,811
no longer reported in 2024 (was €15,811)
- Profit (loss) carried forward +€15,030
up €15,030 (+18.6%), from €80,899 to €95,929
- Gross operating margin +€10,643
up €10,643 (+60.8%), from €17,496 to €28,139
- Financial charges +€5,389
up €5,389 (+76,986%), from €7 to €5,396
- Taxes -€2,699
no longer reported in 2024 (was €2,699)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,343 | €540,412 | -€68,931 | -11.3% |
| Fixed assets | 21/28 | €75,664 | €70,455 | -€5,209 | -6.9% |
| Intangible fixed assets | 21 | €280 | €235 | -€45 | -16.1% |
| Tangible fixed assets | 22/27 | €75,384 | €70,220 | -€5,164 | -6.9% |
| Land and buildings | 22 | €40,068 | €36,412 | -€3,656 | -9.1% |
| Plant, machinery and equipment | 23 | €35,108 | €33,808 | -€1,300 | -3.7% |
| Furniture and vehicles | 24 | €208 | - | -€208 | |
| Current assets | 29/58 | €533,679 | €469,957 | -€63,722 | -11.9% |
| Stocks and contracts in progress | 3 | €133,400 | €117,400 | -€16,000 | -12.0% |
| Stocks | 30/36 | €133,400 | €117,400 | -€16,000 | -12.0% |
| Amounts receivable within one year | 40/41 | €390,974 | €322,477 | -€68,497 | -17.5% |
| Trade receivables | 40 | €390,974 | €322,476 | -€68,498 | -17.5% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €9,305 | €30,080 | +€20,775 | +223% |
| Total equity and liabilities | 10/49 | €609,343 | €540,412 | -€68,931 | -11.3% |
| Equity | 10/15 | €210,932 | €225,962 | +€15,030 | +7.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €111,441 | €111,441 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,441 | €4,441 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,441 | €4,441 | = | 0.0% |
| Distributable reserves | 133 | €107,000 | €107,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,899 | €95,929 | +€15,030 | +18.6% |
| Amounts payable | 17/49 | €398,411 | €314,450 | -€83,961 | -21.1% |
| Amounts payable after more than one year | 17 | €274,052 | €241,964 | -€32,088 | -11.7% |
| Financial debts | 170/4 | €274,052 | €241,964 | -€32,088 | -11.7% |
| Amounts payable within one year | 42/48 | €124,359 | €72,486 | -€51,873 | -41.7% |
| Financial debts | 43 | €15,811 | - | -€15,811 | |
| Credit institutions | 430/8 | €15,811 | - | -€15,811 | |
| Trade debts | 44 | €50,391 | €14,453 | -€35,938 | -71.3% |
| Suppliers | 440/4 | €50,391 | €14,453 | -€35,938 | -71.3% |
| Taxes, remuneration and social security | 45 | €1,062 | €938 | -€124 | -11.7% |
| Taxes | 450/3 | €1,062 | €938 | -€124 | -11.7% |
| Other amounts payable | 47/48 | €57,095 | €57,095 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,106 | €5,106 | = | 0.0% |
| Other operating charges | 640/8 | €2,678 | €2,607 | -€71 | -2.7% |
| Gross operating margin | 9900 | €17,496 | €28,139 | +€10,643 | +60.8% |
| Operating profit (loss) | 9901 | €9,712 | €20,426 | +€10,714 | +110% |
| Financial charges | 65/66B | €7 | €5,396 | +€5,389 | +76,986% |
| Recurring financial charges | 65 | €7 | €5,396 | +€5,389 | +76,986% |
| Profit (loss) for the period before taxes | 9903 | €9,705 | €15,030 | +€5,325 | +54.9% |
| Income taxes | 67/77 | €2,699 | - | -€2,699 | |
| Profit (loss) for the period | 9904 | €7,006 | €15,030 | +€8,024 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €7,006 | €15,030 | +€8,024 | +115% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.