I.B.C.M: 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.C.M
Largest movements
- Tangible fixed assets -€80,029
down €80,029 (-55.5%), from €144,179 to €64,149
- Receivables within one year +€79,095
up €79,095 (+101%), from €78,298 to €157,393
of which Other amounts receivable: +€79,458
- Profit (loss) carried forward +€59,133
up €59,133, from -€12,050 to €47,083
- Reserves -€52,891
no longer reported in 2025 (was €52,891)
- Provisions -€17,630
no longer reported in 2025 (was €17,630)
- Tax, wage and social debts +€16,262
new in 2025: €16,262
- Other debts -€4,380
down €4,380 (-3.3%), from €131,474 to €127,094
- Taxes +€16,262
new in 2025: €16,262
- Gross operating margin -€12,063
down €12,063 (-58.7%), from €20,535 to €8,472
- Depreciation -€3,919
down €3,919 (-53.1%), from €7,379 to €3,460
- Financial income +€1,538
up €1,538 (+102%), from €1,503 to €3,041
- Other operating charges +€1,259
up €1,259 (+200%), from €630 to €1,889
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 | €226,820 | €224,704 | -€2,116 | -0.9% |
| Fixed assets | 21/28 | €144,179 | €64,149 | -€80,029 | -55.5% |
| Tangible fixed assets | 22/27 | €144,179 | €64,149 | -€80,029 | -55.5% |
| Land and buildings | 22 | €144,179 | €64,149 | -€80,029 | -55.5% |
| Current assets | 29/58 | €82,641 | €160,555 | +€77,914 | +94.3% |
| Amounts receivable within one year | 40/41 | €78,298 | €157,393 | +€79,095 | +101% |
| Trade receivables | 40 | €1,993 | €1,630 | -€363 | -18.2% |
| Other amounts receivable | 41 | €76,304 | €155,762 | +€79,458 | +104% |
| Cash at bank and in hand | 54/58 | €4,344 | €3,162 | -€1,182 | -27.2% |
| Total equity and liabilities | 10/49 | €226,820 | €224,704 | -€2,116 | -0.9% |
| Equity | 10/15 | €47,041 | €53,283 | +€6,242 | +13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,891 | - | -€52,891 | |
| Tax-exempt reserves | 132 | €52,891 | - | -€52,891 | |
| Profit (loss) carried forward | 14 | -€12,050 | €47,083 | +€59,133 | |
| Provisions and deferred taxes | 16 | €17,630 | - | -€17,630 | |
| Deferred taxes | 168 | €17,630 | - | -€17,630 | |
| Amounts payable | 17/49 | €162,148 | €171,421 | +€9,272 | +5.7% |
| Amounts payable after more than one year | 17 | €26,296 | €23,051 | -€3,245 | -12.3% |
| Financial debts | 170/4 | €26,296 | €23,051 | -€3,245 | -12.3% |
| Amounts payable within one year | 42/48 | €135,853 | €148,370 | +€12,517 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €3,108 | €3,245 | +€137 | +4.4% |
| Trade debts | 44 | €1,270 | €1,769 | +€498 | +39.2% |
| Suppliers | 440/4 | €1,270 | €1,769 | +€498 | +39.2% |
| Taxes, remuneration and social security | 45 | - | €16,262 | +€16,262 | |
| Taxes | 450/3 | - | €16,262 | +€16,262 | |
| Other amounts payable | 47/48 | €131,474 | €127,094 | -€4,380 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,379 | €3,460 | -€3,919 | -53.1% |
| Other operating charges | 640/8 | €630 | €1,889 | +€1,259 | +200% |
| Gross operating margin | 9900 | €20,535 | €8,472 | -€12,063 | -58.7% |
| Operating profit (loss) | 9901 | €12,525 | €3,123 | -€9,402 | -75.1% |
| Financial income | 75/76B | €1,503 | €3,041 | +€1,538 | +102% |
| Recurring financial income | 75 | €1,503 | €3,041 | +€1,538 | +102% |
| Financial charges | 65/66B | €1,427 | €1,290 | -€137 | -9.6% |
| Recurring financial charges | 65 | €1,427 | €1,290 | -€137 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €12,601 | €4,874 | -€7,727 | -61.3% |
| Transfer from deferred taxes | 780 | €1,037 | €17,630 | +€16,593 | +1,600% |
| Income taxes | 67/77 | - | €16,262 | +€16,262 | |
| Profit (loss) for the period | 9904 | €13,638 | €6,242 | -€7,396 | -54.2% |
| Transfer from tax-exempt reserves | 789 | €3,111 | €52,891 | +€49,780 | +1,600% |
| Profit (loss) for the period to be appropriated | 9905 | €16,749 | €59,133 | +€42,384 | +253% |
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 23 October 2026 via checked.be.