IB GREEN: what changed
Two fiscal 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 GREEN
Largest movements
- Cash -€34,042
down €34,042 (-52.6%), from €64,726 to €30,684
mainly Trade debts (-€28,266) and Investment in fixed assets (net) (-€11,064)
- Receivables within one year +€5,632
up €5,632 (+202.1%), from €2,787 to €8,419
of which Trade receivables: +€7,796
- Tangible fixed assets +€3,421
up €3,421 (+10.2%), from €33,696 to €37,117
of which Plant, machinery and equipment: +€6,596
- Trade debts -€28,266
down €28,266 (-91.0%), from €31,059 to €2,793
- Reserves +€7,248
up €7,248 (+18.2%), from €39,839 to €47,087
of which Distributable reserves: +€7,248
- Tax, wage and social debts -€3,583
down €3,583 (-33.2%), from €10,805 to €7,222
- Gross operating margin +€6,671
up €6,671 (+48.2%), from €13,851 to €20,522
- Depreciation +€5,439
up €5,439 (+246.8%), from €2,204 to €7,643
- Other operating charges +€906
up €906 (+122.3%), from €741 to €1,647
- Taxes +€748
up €748 (+31.1%), from €2,407 to €3,155
- Staff costs +€467
up €467 (+146.4%), from €319 to €786
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 | €101,642 | €76,734 | -€24,908 | -24.5% |
| Fixed assets | 21/28 | €33,696 | €37,117 | +€3,421 | +10.2% |
| Tangible fixed assets | 22/27 | €33,696 | €37,117 | +€3,421 | +10.2% |
| Plant, machinery and equipment | 23 | €23,000 | €29,596 | +€6,596 | +28.7% |
| Furniture and vehicles | 24 | €10,696 | €7,521 | -€3,175 | -29.7% |
| Current assets | 29/58 | €67,946 | €39,617 | -€28,329 | -41.7% |
| Amounts receivable within one year | 40/41 | €2,787 | €8,419 | +€5,632 | +202.1% |
| Trade receivables | 40 | €623 | €8,419 | +€7,796 | +1251.4% |
| Other amounts receivable | 41 | €2,164 | - | -€2,164 | |
| Cash at bank and in hand | 54/58 | €64,726 | €30,684 | -€34,042 | -52.6% |
| Deferred charges and accrued income | 490/1 | €433 | €514 | +€81 | +18.7% |
| Total equity and liabilities | 10/49 | €101,642 | €76,734 | -€24,908 | -24.5% |
| Equity | 10/15 | €58,439 | €65,687 | +€7,248 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,839 | €47,087 | +€7,248 | +18.2% |
| Non-distributable reserves | 130/1 | €639 | €639 | = | 0.0% |
| Reserves not available under the articles | 1311 | €639 | €639 | = | 0.0% |
| Distributable reserves | 133 | €39,200 | €46,448 | +€7,248 | +18.5% |
| Amounts payable | 17/49 | €43,203 | €11,047 | -€32,156 | -74.4% |
| Amounts payable within one year | 42/48 | €43,203 | €11,047 | -€32,156 | -74.4% |
| Trade debts | 44 | €31,059 | €2,793 | -€28,266 | -91.0% |
| Suppliers | 440/4 | €31,059 | €2,793 | -€28,266 | -91.0% |
| Taxes, remuneration and social security | 45 | €10,805 | €7,222 | -€3,583 | -33.2% |
| Taxes | 450/3 | €10,805 | €7,222 | -€3,583 | -33.2% |
| Other amounts payable | 47/48 | €1,339 | €1,032 | -€307 | -22.9% |
| Remuneration, social security and pensions | 62 | €319 | €786 | +€467 | +146.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,204 | €7,643 | +€5,439 | +246.8% |
| Other operating charges | 640/8 | €741 | €1,647 | +€906 | +122.3% |
| Gross operating margin | 9900 | €13,851 | €20,522 | +€6,671 | +48.2% |
| Operating profit (loss) | 9901 | €10,587 | €10,446 | -€141 | -1.3% |
| Financial charges | 65/66B | €40 | €43 | +€3 | +7.5% |
| Recurring financial charges | 65 | €40 | €43 | +€3 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €10,547 | €10,403 | -€144 | -1.4% |
| Income taxes | 67/77 | €2,407 | €3,155 | +€748 | +31.1% |
| Profit (loss) for the period | 9904 | €8,140 | €7,248 | -€892 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,140 | €7,248 | -€892 | -11.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.