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
- Tangible fixed assets +€336,735
up €336,735 (+25.1%), from €1.3m to €1.7m
of which Land and buildings: +€342,035
- Cash -€274,730
down €274,730 (-46.8%), from €586,573 to €311,843
mainly Investment in fixed assets (net) (-€383,415) and Net result for the year (-€26,676)
- Receivables within one year +€22,443
up €22,443 (+727.9%), from €3,083 to €25,526
of which Other amounts receivable: +€13,624
- Debts after one year +€72,573
up €72,573 (+23.7%), from €305,928 to €378,501
of which Financial debts: +€72,573
- Depreciation +€3,761
up €3,761 (+8.8%), from €42,919 to €46,680
- Gross operating margin +€1,062
up €1,062 (+2.1%), from €51,196 to €52,259
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 | €2,121,810 | €2,183,084 | +€61,275 | +2.9% |
| Fixed assets | 21/28 | €1,343,505 | €1,680,240 | +€336,735 | +25.1% |
| Tangible fixed assets | 22/27 | €1,343,505 | €1,680,240 | +€336,735 | +25.1% |
| Land and buildings | 22 | €1,332,833 | €1,674,867 | +€342,035 | +25.7% |
| Plant, machinery and equipment | 23 | €10,673 | €5,373 | -€5,300 | -49.7% |
| Current assets | 29/58 | €778,304 | €502,844 | -€275,460 | -35.4% |
| Amounts receivable after more than one year | 29 | €176,000 | €158,000 | -€18,000 | -10.2% |
| Other amounts receivable | 291 | €176,000 | €158,000 | -€18,000 | -10.2% |
| Amounts receivable within one year | 40/41 | €3,083 | €25,526 | +€22,443 | +727.9% |
| Trade receivables | 40 | €1,355 | €10,174 | +€8,819 | +650.8% |
| Other amounts receivable | 41 | €1,728 | €15,352 | +€13,624 | +788.3% |
| Cash at bank and in hand | 54/58 | €586,573 | €311,843 | -€274,730 | -46.8% |
| Deferred charges and accrued income | 490/1 | €12,648 | €7,475 | -€5,173 | -40.9% |
| Total equity and liabilities | 10/49 | €2,121,810 | €2,183,084 | +€61,275 | +2.9% |
| Equity | 10/15 | €613,476 | €586,799 | -€26,676 | -4.3% |
| Contributions | 10/11 | €183,800 | €183,800 | = | 0.0% |
| Reserves | 13 | €569,638 | €560,249 | -€9,389 | -1.6% |
| Tax-exempt reserves | 132 | €563,921 | €554,532 | -€9,389 | -1.7% |
| Distributable reserves | 133 | €5,718 | €5,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,963 | -€157,250 | -€17,287 | -12.4% |
| Provisions and deferred taxes | 16 | €140,980 | €138,699 | -€2,281 | -1.6% |
| Deferred taxes | 168 | €140,980 | €138,699 | -€2,281 | -1.6% |
| Amounts payable | 17/49 | €1,367,354 | €1,457,586 | +€90,232 | +6.6% |
| Amounts payable after more than one year | 17 | €305,928 | €378,501 | +€72,573 | +23.7% |
| Financial debts | 170/4 | €300,009 | €372,581 | +€72,573 | +24.2% |
| Other amounts payable | 178/9 | €5,919 | €5,919 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,016,691 | €1,033,863 | +€17,172 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €36,628 | €44,862 | +€8,234 | +22.5% |
| Trade debts | 44 | €11,292 | €3,015 | -€8,276 | -73.3% |
| Suppliers | 440/4 | €11,292 | €3,015 | -€8,276 | -73.3% |
| Taxes, remuneration and social security | 45 | €1,150 | €1,150 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,150 | €1,150 | = | 0.0% |
| Other amounts payable | 47/48 | €967,622 | €984,836 | +€17,214 | +1.8% |
| Accrued charges and deferred income | 492/3 | €44,735 | €45,222 | +€488 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,919 | €46,680 | +€3,761 | +8.8% |
| Other operating charges | 640/8 | €11,767 | €11,740 | -€26 | -0.2% |
| Gross operating margin | 9900 | €51,196 | €52,259 | +€1,062 | +2.1% |
| Operating profit (loss) | 9901 | -€3,489 | -€6,162 | -€2,672 | -76.6% |
| Financial income | 75/76B | €7,040 | €6,904 | -€136 | -1.9% |
| Recurring financial income | 75 | €7,040 | €6,904 | -€136 | -1.9% |
| Financial charges | 65/66B | €29,187 | €29,700 | +€513 | +1.8% |
| Recurring financial charges | 65 | €29,187 | €29,700 | +€513 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,637 | -€28,958 | -€3,321 | -13.0% |
| Transfer from deferred taxes | 780 | €1,998 | €2,281 | +€283 | +14.2% |
| Profit (loss) for the period | 9904 | -€23,639 | -€26,676 | -€3,037 | -12.8% |
| Transfer from tax-exempt reserves | 789 | €7,992 | €9,389 | +€1,397 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,647 | -€17,287 | -€1,640 | -10.5% |
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 4 October 2026 via checked.be.