I.E.B.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.E.B.M
Largest movements
- Deferred charges and accrued income -€22,810
down €22,810 (-99.6%), from €22,896 to €86
- Receivables within one year +€10,319
up €10,319 (+21.9%), from €47,050 to €57,368
of which Trade receivables: +€10,295
- Cash +€3,627
up €3,627 (+11.0%), from €32,938 to €36,565
mainly Deferred charges and accrued income (+€22,810) and Depreciation (+€4)
- Tangible fixed assets +€1,531
new in 2025: €1,531
- Profit (loss) carried forward -€82,092
down €82,092 (-100.0%), from €82,092 to €0
- Reserves +€74,794
up €74,794 (+4021.2%), from €1,860 to €76,654
- Depreciation -€107,386
down €107,386 (-100.0%), from €107,391 to €4
- Gross operating margin -€21,396
down €21,396, from €18,962 to -€2,434
- Other operating charges -€13,181
down €13,181 (-73.2%), from €18,011 to €4,830
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 | €102,884 | €95,550 | -€7,334 | -7.1% |
| Fixed assets | 21/28 | - | €1,531 | +€1,531 | |
| Tangible fixed assets | 22/27 | - | €1,531 | +€1,531 | |
| Furniture and vehicles | 24 | - | €1,531 | +€1,531 | |
| Current assets | 29/58 | €102,884 | €94,019 | -€8,864 | -8.6% |
| Amounts receivable within one year | 40/41 | €47,050 | €57,368 | +€10,319 | +21.9% |
| Trade receivables | 40 | €34,140 | €44,434 | +€10,295 | +30.2% |
| Other amounts receivable | 41 | €12,910 | €12,934 | +€24 | +0.2% |
| Cash at bank and in hand | 54/58 | €32,938 | €36,565 | +€3,627 | +11.0% |
| Deferred charges and accrued income | 490/1 | €22,896 | €86 | -€22,810 | -99.6% |
| Total equity and liabilities | 10/49 | €102,884 | €95,550 | -€7,334 | -7.1% |
| Equity | 10/15 | €102,552 | €95,254 | -€7,298 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €76,654 | +€74,794 | +4021.2% |
| Distributable reserves | 133 | €1,860 | €76,654 | +€74,794 | +4021.2% |
| Profit (loss) carried forward | 14 | €82,092 | €0 | -€82,092 | -100.0% |
| Amounts payable | 17/49 | €332 | €296 | -€36 | -10.7% |
| Amounts payable within one year | 42/48 | €332 | €296 | -€36 | -10.7% |
| Trade debts | 44 | €332 | €296 | -€36 | -10.7% |
| Suppliers | 440/4 | €332 | €296 | -€36 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,391 | €4 | -€107,386 | -100.0% |
| Other operating charges | 640/8 | €18,011 | €4,830 | -€13,181 | -73.2% |
| Gross operating margin | 9900 | €18,962 | -€2,434 | -€21,396 | |
| Operating profit (loss) | 9901 | -€106,440 | -€7,268 | +€99,172 | +93.2% |
| Financial charges | 65/66B | €75 | €30 | -€45 | -60.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Non-recurring financial charges | 66B | €45 | €0 | -€45 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€106,515 | -€7,298 | +€99,217 | +93.1% |
| Profit (loss) for the period | 9904 | -€106,515 | -€7,298 | +€99,217 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€106,515 | -€7,298 | +€99,217 | +93.1% |
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 11 October 2026 via checked.be.