I.B.C.: what changed
Two fiscal 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.C.
Largest movements
- Receivables within one year -€42,656
down €42,656 (-29.9%), from €142,444 to €99,787
of which Trade receivables: -€39,604
- Tangible fixed assets +€11,245
up €11,245 (+4.9%), from €228,863 to €240,108
- Cash -€11,062
down €11,062 (-89.0%), from €12,431 to €1,369
mainly Other debts (-€129,613) and Accrued charges and deferred income (-€57,600)
- Other debts -€129,613
down €129,613 (-98.0%), from €132,198 to €2,585
- Profit (loss) carried forward +€83,668
up €83,668, from -€30,621 to €53,047
- Accrued charges and deferred income -€57,600
down €57,600 (-29.7%), from €194,000 to €136,400
- Trade debts +€41,045
up €41,045 (+230.1%), from €17,842 to €58,887
- Tax, wage and social debts +€14,455
up €14,455 (+1400.5%), from €1,032 to €15,487
- Other operating charges -€81,070
down €81,070 (-93.4%), from €86,794 to €5,724
- Gross operating margin -€19,241
down €19,241 (-15.2%), from €126,407 to €107,166
- Taxes +€14,112
up €14,112 (+4115.6%), from €343 to €14,455
- Depreciation +€1,451
up €1,451 (+261.7%), from €555 to €2,006
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.
Cash bridge derived
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 | €383,738 | €341,264 | -€42,474 | -11.1% |
| Fixed assets | 21/28 | €228,863 | €240,108 | +€11,245 | +4.9% |
| Tangible fixed assets | 22/27 | €228,863 | €240,108 | +€11,245 | +4.9% |
| Furniture and vehicles | 24 | €228,863 | €240,108 | +€11,245 | +4.9% |
| Current assets | 29/58 | €154,874 | €101,156 | -€53,718 | -34.7% |
| Amounts receivable within one year | 40/41 | €142,444 | €99,787 | -€42,656 | -29.9% |
| Trade receivables | 40 | €90,752 | €51,148 | -€39,604 | -43.6% |
| Other amounts receivable | 41 | €51,692 | €48,639 | -€3,052 | -5.9% |
| Cash at bank and in hand | 54/58 | €12,431 | €1,369 | -€11,062 | -89.0% |
| Total equity and liabilities | 10/49 | €383,738 | €341,264 | -€42,474 | -11.1% |
| Equity | 10/15 | €38,666 | €122,334 | +€83,668 | +216.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,287 | €7,287 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,087 | €1,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,621 | €53,047 | +€83,668 | |
| Amounts payable | 17/49 | €345,072 | €218,930 | -€126,142 | -36.6% |
| Amounts payable within one year | 42/48 | €151,072 | €82,530 | -€68,542 | -45.4% |
| Trade debts | 44 | €17,842 | €58,887 | +€41,045 | +230.1% |
| Suppliers | 440/4 | €17,842 | €58,887 | +€41,045 | +230.1% |
| Advances received on contracts in progress | 46 | - | €5,571 | +€5,571 | |
| Taxes, remuneration and social security | 45 | €1,032 | €15,487 | +€14,455 | +1400.5% |
| Taxes | 450/3 | €1,032 | €15,487 | +€14,455 | +1400.5% |
| Other amounts payable | 47/48 | €132,198 | €2,585 | -€129,613 | -98.0% |
| Accrued charges and deferred income | 492/3 | €194,000 | €136,400 | -€57,600 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €555 | €2,006 | +€1,451 | +261.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €86,794 | €5,724 | -€81,070 | -93.4% |
| Gross operating margin | 9900 | €126,407 | €107,166 | -€19,241 | -15.2% |
| Operating profit (loss) | 9901 | €39,058 | €99,436 | +€60,378 | +154.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €210 | €1,313 | +€1,103 | +524.6% |
| Recurring financial charges | 65 | €210 | €1,313 | +€1,103 | +524.6% |
| Profit (loss) for the period before taxes | 9903 | €38,848 | €98,123 | +€59,275 | +152.6% |
| Income taxes | 67/77 | €343 | €14,455 | +€14,112 | +4115.6% |
| Profit (loss) for the period | 9904 | €38,505 | €83,668 | +€45,163 | +117.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,505 | €83,668 | +€45,163 | +117.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.