I.V.B. Beheer: 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.V.B. Beheer
Largest movements
- Cash -€1.6m
down €1.6m (-89.5%), from €1.8m to €193,967
mainly Other debts (-€1.8m) and Contributions, distributions and other (-€455,589)
- Tangible fixed assets -€440,880
down €440,880 (-6.6%), from €6.7m to €6.3m
- Other debts -€1.8m
down €1.8m (-90.7%), from €2.0m to €187,916
- Reserves -€239,897
down €239,897 (-3.5%), from €6.9m to €6.7m
of which Distributable reserves: -€239,896
- Turnover +€918,531
new in 2026: €918,531
- Financial income -€886,519
down €886,519 (-99.3%), from €892,884 to €6,365
- Purchases and services +€74,277
new in 2026: €74,277
- Taxes -€48,857
down €48,857 (-31.9%), from €153,329 to €104,472
- Gross operating margin +€38,157
up €38,157 (+4.7%), from €806,097 to €844,254
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,071,290 | €7,002,353 | -€2.1m | -22.8% |
| Fixed assets | 21/28 | €6,714,148 | €6,273,268 | -€440,880 | -6.6% |
| Tangible fixed assets | 22/27 | €6,714,148 | €6,273,268 | -€440,880 | -6.6% |
| Land and buildings | 22 | €6,714,148 | €6,273,268 | -€440,880 | -6.6% |
| Current assets | 29/58 | €2,357,142 | €729,085 | -€1.6m | -69.1% |
| Amounts receivable within one year | 40/41 | €517,875 | €535,118 | +€17,244 | +3.3% |
| Trade receivables | 40 | - | €5,118 | +€5,118 | |
| Other amounts receivable | 41 | €517,875 | €530,000 | +€12,126 | +2.3% |
| Cash at bank and in hand | 54/58 | €1,839,268 | €193,967 | -€1.6m | -89.5% |
| Total equity and liabilities | 10/49 | €9,071,290 | €7,002,353 | -€2.1m | -22.8% |
| Equity | 10/15 | €7,024,952 | €6,785,055 | -€239,897 | -3.4% |
| Contributions | 10/11 | €76,194 | €76,194 | -€0 | 0.0% |
| Reserves | 13 | €6,948,758 | €6,708,861 | -€239,897 | -3.5% |
| Non-distributable reserves | 130/1 | €7,619 | €7,619 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €7,619 | €7,619 | -€0 | 0.0% |
| Distributable reserves | 133 | €6,941,138 | €6,701,242 | -€239,896 | -3.5% |
| Amounts payable | 17/49 | €2,046,338 | €217,298 | -€1.8m | -89.4% |
| Amounts payable within one year | 42/48 | €2,046,338 | €217,298 | -€1.8m | -89.4% |
| Trade debts | 44 | €1,881 | €480 | -€1,401 | -74.5% |
| Suppliers | 440/4 | €1,881 | €480 | -€1,401 | -74.5% |
| Taxes, remuneration and social security | 45 | €16,466 | €28,902 | +€12,436 | +75.5% |
| Taxes | 450/3 | €16,466 | €28,902 | +€12,436 | +75.5% |
| Other amounts payable | 47/48 | €2,027,992 | €187,916 | -€1.8m | -90.7% |
| Turnover | 70 | - | €918,531 | +€918,531 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €74,277 | +€74,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440,879 | €440,879 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23,834 | +€23,834 | |
| Other operating charges | 640/8 | €60,672 | €54,171 | -€6,501 | -10.7% |
| Gross operating margin | 9900 | €806,097 | €844,254 | +€38,157 | +4.7% |
| Operating profit (loss) | 9901 | €304,545 | €325,370 | +€20,825 | +6.8% |
| Financial income | 75/76B | €892,884 | €6,365 | -€886,519 | -99.3% |
| Recurring financial income | 75 | €892,884 | €6,365 | -€886,519 | -99.3% |
| Financial charges | 65/66B | €10,462 | €11,571 | +€1,109 | +10.6% |
| Recurring financial charges | 65 | €10,462 | €11,571 | +€1,109 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €1,186,967 | €320,164 | -€866,803 | -73.0% |
| Income taxes | 67/77 | €153,329 | €104,472 | -€48,857 | -31.9% |
| Profit (loss) for the period | 9904 | €1,033,638 | €215,692 | -€817,946 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,033,638 | €215,692 | -€817,946 | -79.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.