IB Associates: 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.
IB Associates
Largest movements
- Cash +€21,237
up €21,237 (+30.8%), from €69,018 to €90,255
mainly Net result for the year (+€88,290) and Depreciation (+€4,903)
- Tangible fixed assets -€4,903
no longer reported in 2024 (was €4,903)
- Profit (loss) carried forward +€23,290
up €23,290 (+36.7%), from €63,493 to €86,784
- Other debts -€4,830
down €4,830 (-47.1%), from €10,250 to €5,420
- Tax, wage and social debts -€2,100
no longer reported in 2024 (was €2,100)
- Gross operating margin +€19,647
up €19,647 (+20.7%), from €94,929 to €114,576
- Purchases and services -€14,342
down €14,342 (-16.7%), from €85,839 to €71,497
- Turnover +€3,475
up €3,475 (+1.9%), from €180,768 to €184,243
- Other operating charges +€2,844
up €2,844 (+536%), from €530 to €3,375
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,753 | €113,629 | +€16,875 | +17.4% |
| Fixed assets | 21/28 | €4,928 | €25 | -€4,903 | -99.5% |
| Tangible fixed assets | 22/27 | €4,903 | - | -€4,903 | |
| Furniture and vehicles | 24 | €4,903 | - | -€4,903 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €91,825 | €113,604 | +€21,779 | +23.7% |
| Amounts receivable within one year | 40/41 | €22,807 | €23,348 | +€542 | +2.4% |
| Trade receivables | 40 | €17,066 | €17,066 | = | 0.0% |
| Other amounts receivable | 41 | €5,741 | €6,282 | +€542 | +9.4% |
| Cash at bank and in hand | 54/58 | €69,018 | €90,255 | +€21,237 | +30.8% |
| Total equity and liabilities | 10/49 | €96,753 | €113,629 | +€16,875 | +17.4% |
| Equity | 10/15 | €84,222 | €107,512 | +€23,290 | +27.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,129 | €2,129 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,129 | €2,129 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,129 | €2,129 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,493 | €86,784 | +€23,290 | +36.7% |
| Amounts payable | 17/49 | €12,532 | €6,117 | -€6,415 | -51.2% |
| Amounts payable within one year | 42/48 | €12,532 | €6,117 | -€6,415 | -51.2% |
| Trade debts | 44 | €181 | €697 | +€515 | +284% |
| Suppliers | 440/4 | €181 | €697 | +€515 | +284% |
| Taxes, remuneration and social security | 45 | €2,100 | - | -€2,100 | |
| Taxes | 450/3 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | €10,250 | €5,420 | -€4,830 | -47.1% |
| Turnover | 70 | €180,768 | €184,243 | +€3,475 | +1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €85,839 | €71,497 | -€14,342 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,556 | €4,903 | -€653 | -11.8% |
| Other operating charges | 640/8 | €530 | €3,375 | +€2,844 | +536% |
| Gross operating margin | 9900 | €94,929 | €114,576 | +€19,647 | +20.7% |
| Operating profit (loss) | 9901 | €88,842 | €106,298 | +€17,455 | +19.6% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €1,212 | €1,073 | -€139 | -11.5% |
| Recurring financial charges | 65 | €1,212 | €1,073 | -€139 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €87,630 | €105,259 | +€17,630 | +20.1% |
| Income taxes | 67/77 | €16,000 | €16,969 | +€969 | +6.1% |
| Profit (loss) for the period | 9904 | €71,630 | €88,290 | +€16,660 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,630 | €88,290 | +€16,660 | +23.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.