I.B.L.C. GROUP: what changed
I.B.L.C. GROUP
Largest movements
- Cash -€5,560
down €5,560 (-55.8%), from €9,967 to €4,407
mainly Net result for the year (-€5,532) and Stocks and contracts (-€4,763)
- Stocks and contracts +€4,763
up €4,763 (+71.8%), from €6,629 to €11,392
- Receivables within one year +€2,995
up €2,995 (+55.6%), from €5,383 to €8,378
of which Other amounts receivable: +€4,283
- Financial fixed assets +€2,400
up €2,400 (+40.7%), from €5,900 to €8,300
- Tangible fixed assets +€1,547
up €1,547 (+625%), from €248 to €1,794
of which Other tangible fixed assets: +€970
- Trade debts +€9,790
up €9,790 (+148%), from €6,636 to €16,426
- Profit (loss) carried forward -€5,532
down €5,532 (-12.7%), from -€43,667 to -€49,198
- Tax, wage and social debts +€1,584
up €1,584 (+68.9%), from €2,300 to €3,884
of which Taxes: +€1,103
- Other debts +€648
new in 2025: €648
- Turnover +€28,599
up €28,599 (+25.9%), from €110,538 to €139,136
- Purchases and services +€14,181
up €14,181 (+11.7%), from €121,415 to €135,597
- Gross operating margin +€11,668
up €11,668, from -€7,878 to €3,790
- Staff costs +€7,830
up €7,830 (+4,036%), from €194 to €8,024
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,905 | €35,395 | +€6,490 | +22.5% |
| Fixed assets | 21/28 | €6,148 | €10,094 | +€3,947 | +64.2% |
| Tangible fixed assets | 22/27 | €248 | €1,794 | +€1,547 | +625% |
| Furniture and vehicles | 24 | €248 | €824 | +€576 | +233% |
| Other tangible fixed assets | 26 | - | €970 | +€970 | |
| Financial fixed assets | 28 | €5,900 | €8,300 | +€2,400 | +40.7% |
| Current assets | 29/58 | €22,757 | €25,301 | +€2,543 | +11.2% |
| Stocks and contracts in progress | 3 | €6,629 | €11,392 | +€4,763 | +71.8% |
| Stocks | 30/36 | €6,629 | €11,392 | +€4,763 | +71.8% |
| Amounts receivable within one year | 40/41 | €5,383 | €8,378 | +€2,995 | +55.6% |
| Trade receivables | 40 | €1,288 | - | -€1,288 | |
| Other amounts receivable | 41 | €4,095 | €8,378 | +€4,283 | +105% |
| Cash at bank and in hand | 54/58 | €9,967 | €4,407 | -€5,560 | -55.8% |
| Deferred charges and accrued income | 490/1 | €779 | €1,124 | +€345 | +44.3% |
| Total equity and liabilities | 10/49 | €28,905 | €35,395 | +€6,490 | +22.5% |
| Equity | 10/15 | €19,968 | €14,437 | -€5,532 | -27.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,035 | €45,035 | = | 0.0% |
| Non-distributable reserves | 130/1 | €368 | €368 | = | 0.0% |
| Legal reserve | 130 | €368 | €368 | = | 0.0% |
| Distributable reserves | 133 | €44,667 | €44,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,667 | -€49,198 | -€5,532 | -12.7% |
| Amounts payable | 17/49 | €8,937 | €20,958 | +€12,022 | +135% |
| Amounts payable within one year | 42/48 | €8,937 | €20,958 | +€12,022 | +135% |
| Trade debts | 44 | €6,636 | €16,426 | +€9,790 | +148% |
| Suppliers | 440/4 | €6,636 | €16,426 | +€9,790 | +148% |
| Taxes, remuneration and social security | 45 | €2,300 | €3,884 | +€1,584 | +68.9% |
| Taxes | 450/3 | €2,300 | €3,404 | +€1,103 | +48.0% |
| Remuneration and social security | 454/9 | - | €480 | +€480 | |
| Other amounts payable | 47/48 | - | €648 | +€648 | |
| Turnover | 70 | €110,538 | €139,136 | +€28,599 | +25.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €121,415 | €135,597 | +€14,181 | +11.7% |
| Remuneration, social security and pensions | 62 | €194 | €8,024 | +€7,830 | +4,036% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €807 | +€559 | +226% |
| Other operating charges | 640/8 | €387 | €472 | +€85 | +21.9% |
| Gross operating margin | 9900 | -€7,878 | €3,790 | +€11,668 | |
| Operating profit (loss) | 9901 | -€8,707 | -€5,513 | +€3,194 | +36.7% |
| Financial income | 75/76B | €5 | €89 | +€84 | +1,834% |
| Recurring financial income | 75 | €5 | €89 | +€84 | +1,834% |
| Financial charges | 65/66B | €283 | €107 | -€176 | -62.2% |
| Recurring financial charges | 65 | €283 | €107 | -€176 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,985 | -€5,532 | +€3,453 | +38.4% |
| Profit (loss) for the period | 9904 | -€8,985 | -€5,532 | +€3,453 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,985 | -€5,532 | +€3,453 | +38.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.