I.B.B.T.: 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.B.T.
Largest movements
- Cash +€115,224
up €115,224 (+40.3%), from €285,844 to €401,068
mainly Trade debts (+€194,035) and Depreciation (+€99,925)
- Receivables within one year +€92,018
up €92,018 (+51.1%), from €180,248 to €272,265
of which Trade receivables: +€65,519
- Intangible fixed assets -€75,000
down €75,000 (-29.5%), from €253,887 to €178,887
- Stocks and contracts +€26,046
up €26,046 (+28.7%), from €90,909 to €116,954
- Trade debts +€194,035
up €194,035 (+274%), from €70,900 to €264,935
- Debts after one year -€73,435
down €73,435 (-38.7%), from €189,714 to €116,279
- Advances received +€27,303
up €27,303 (+6.8%), from €400,096 to €427,399
- Purchases and services -€932,417
down €932,417 (-23.8%), from €3.9m to €3.0m
- Gross operating margin -€266,241
down €266,241 (-45.9%), from €580,318 to €314,078
- Staff costs -€164,885
down €164,885 (-39.6%), from €416,757 to €251,871
- Depreciation -€61,765
down €61,765 (-38.2%), from €161,690 to €99,925
- Financial charges -€23,149
down €23,149 (-51.4%), from €45,027 to €21,878
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 | €868,898 | €1,035,430 | +€166,532 | +19.2% |
| Fixed assets | 21/28 | €307,807 | €240,943 | -€66,865 | -21.7% |
| Intangible fixed assets | 21 | €253,887 | €178,887 | -€75,000 | -29.5% |
| Tangible fixed assets | 22/27 | €53,920 | €62,056 | +€8,135 | +15.1% |
| Plant, machinery and equipment | 23 | €43,159 | €26,880 | -€16,279 | -37.7% |
| Furniture and vehicles | 24 | €10,761 | €23,063 | +€12,302 | +114% |
| Other tangible fixed assets | 26 | - | €12,113 | +€12,113 | |
| Current assets | 29/58 | €561,090 | €794,487 | +€233,397 | +41.6% |
| Stocks and contracts in progress | 3 | €90,909 | €116,954 | +€26,046 | +28.7% |
| Stocks | 30/36 | €90,909 | €116,954 | +€26,046 | +28.7% |
| Amounts receivable within one year | 40/41 | €180,248 | €272,265 | +€92,018 | +51.1% |
| Trade receivables | 40 | €180,248 | €245,767 | +€65,519 | +36.3% |
| Other amounts receivable | 41 | €0 | €26,499 | +€26,499 | |
| Cash at bank and in hand | 54/58 | €285,844 | €401,068 | +€115,224 | +40.3% |
| Deferred charges and accrued income | 490/1 | €4,090 | €4,200 | +€109 | +2.7% |
| Total equity and liabilities | 10/49 | €868,898 | €1,035,430 | +€166,532 | +19.2% |
| Equity | 10/15 | €105,110 | €110,875 | +€5,765 | +5.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,110 | €10,875 | +€5,765 | +113% |
| Amounts payable | 17/49 | €763,788 | €924,555 | +€160,767 | +21.0% |
| Amounts payable after more than one year | 17 | €189,714 | €116,279 | -€73,435 | -38.7% |
| Financial debts | 170/4 | €189,714 | €116,279 | -€73,435 | -38.7% |
| Amounts payable within one year | 42/48 | €574,074 | €808,276 | +€234,203 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €70,330 | €73,435 | +€3,106 | +4.4% |
| Trade debts | 44 | €70,900 | €264,935 | +€194,035 | +274% |
| Suppliers | 440/4 | €70,900 | €264,935 | +€194,035 | +274% |
| Advances received on contracts in progress | 46 | €400,096 | €427,399 | +€27,303 | +6.8% |
| Taxes, remuneration and social security | 45 | €32,748 | €42,507 | +€9,759 | +29.8% |
| Taxes | 450/3 | €10,212 | €10,826 | +€614 | +6.0% |
| Remuneration and social security | 454/9 | €22,536 | €31,681 | +€9,145 | +40.6% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,922,297 | €2,989,880 | -€932,417 | -23.8% |
| Remuneration, social security and pensions | 62 | €416,757 | €251,871 | -€164,885 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,690 | €99,925 | -€61,765 | -38.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,976 | €241 | -€15,735 | -98.5% |
| Other operating charges | 640/8 | €21,226 | €14,216 | -€7,009 | -33.0% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €580,318 | €314,078 | -€266,241 | -45.9% |
| Operating profit (loss) | 9901 | -€35,330 | -€52,176 | -€16,846 | -47.7% |
| Financial income | 75/76B | €89,863 | €82,659 | -€7,204 | -8.0% |
| Recurring financial income | 75 | €89,863 | €82,659 | -€7,204 | -8.0% |
| Financial charges | 65/66B | €45,027 | €21,878 | -€23,149 | -51.4% |
| Recurring financial charges | 65 | €45,027 | €21,878 | -€23,149 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €9,506 | €8,605 | -€901 | -9.5% |
| Income taxes | 67/77 | €4,396 | €2,840 | -€1,555 | -35.4% |
| Profit (loss) for the period | 9904 | €5,110 | €5,765 | +€655 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,110 | €5,765 | +€655 | +12.8% |
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 14 October 2026 via checked.be.