IB OFFICE: 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.
What changed
IB OFFICE
NACE 46.491, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€39,709
2024 · €59,494-€19,785
Equity
€1.1m
2024 · €1.1m+€39,709
Cash
€9,693
2024 · €3,759+€5,934
Balance sheet total
€2.4m
2024 · €2.4m+€58,132
Largest movements
Assets
- Receivables within one year +€39,265
up €39,265 (+3.7%), from €1.1m to €1.1m
of which Trade receivables: +€32,394
- Intangible fixed assets +€31,382
up €31,382 (+101%), from €31,098 to €62,480
Equity and liabilities
- Reserves +€58,989
up €58,989 (+9.8%), from €604,307 to €663,296
of which Distributable reserves: +€58,989
- Tax, wage and social debts +€56,788
up €56,788 (+119%), from €47,718 to €104,506
Income statement
- Write-downs +€21,206
up €21,206 (+647%), from €3,277 to €24,483
- Taxes +€15,708
up €15,708 (+79.4%), from €19,790 to €35,498
- Other operating charges -€14,663
down €14,663 (-48.3%), from €30,379 to €15,715
- Financial charges -€13,244
down €13,244 (-17.2%), from €76,981 to €63,737
- Gross operating margin -€9,300
down €9,300 (-3.7%), from €250,629 to €241,329
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.
Result 2024
€59,494
Gross operating margin
-€9,300
Staff costs
-€184
Depreciation
+€1,969
Write-downs
-€21,206
Other operating charges
+€14,663
Financial income
-€3,263
Financial charges
+€13,244
Taxes
-€15,708
Result 2025
€39,709
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€135,683
Investment
-€90,981
Financing
-€38,768
Cash 2024
€3,759
From operations (derived)
+€135,683
Net result for the year
+€39,709
Depreciation
+€72,380
Stocks and contracts
+€23,160
Receivables within one year
-€39,265
Deferred charges and accrued income
-€17,492
Trade debts
+€1,143
Tax, wage and social debts
+€56,788
Accrued charges and deferred income
-€739
Investment (derived)
-€90,981
Investment in fixed assets (net)
-€90,981
Financing
-€38,768
Debts after one year
-€7,238
Current portion of long-term debt
-€15,480
Short-term financial debts
-€16,051
Cash 2025
€9,693
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,361,720 | €2,419,852 | +€58,132 | +2.5% |
| Fixed assets | 21/28 | €687,347 | €705,948 | +€18,601 | +2.7% |
| Intangible fixed assets | 21 | €31,098 | €62,480 | +€31,382 | +101% |
| Tangible fixed assets | 22/27 | €656,249 | €643,469 | -€12,781 | -1.9% |
| Land and buildings | 22 | €586,952 | €564,347 | -€22,605 | -3.9% |
| Plant, machinery and equipment | 23 | €40,230 | €29,148 | -€11,082 | -27.5% |
| Furniture and vehicles | 24 | €29,067 | €49,974 | +€20,906 | +71.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €1,674,373 | €1,713,904 | +€39,531 | +2.4% |
| Stocks and contracts in progress | 3 | €600,451 | €577,291 | -€23,160 | -3.9% |
| Stocks | 30/36 | €600,451 | €577,291 | -€23,160 | -3.9% |
| Amounts receivable within one year | 40/41 | €1,064,953 | €1,104,218 | +€39,265 | +3.7% |
| Trade receivables | 40 | €909,702 | €942,096 | +€32,394 | +3.6% |
| Other amounts receivable | 41 | €155,251 | €162,121 | +€6,871 | +4.4% |
| Cash at bank and in hand | 54/58 | €3,759 | €9,693 | +€5,934 | +158% |
| Deferred charges and accrued income | 490/1 | €5,211 | €22,702 | +€17,492 | +336% |
| Total equity and liabilities | 10/49 | €2,361,720 | €2,419,852 | +€58,132 | +2.5% |
| Equity | 10/15 | €1,107,486 | €1,147,195 | +€39,709 | +3.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €441,179 | €421,899 | -€19,281 | -4.4% |
| Reserves | 13 | €604,307 | €663,296 | +€58,989 | +9.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,500 | €24,500 | = | 0.0% |
| Distributable reserves | 133 | €573,607 | €632,596 | +€58,989 | +10.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,254,234 | €1,272,657 | +€18,423 | +1.5% |
| Amounts payable after more than one year | 17 | €144,437 | €137,200 | -€7,238 | -5.0% |
| Financial debts | 170/4 | €144,437 | €137,200 | -€7,238 | -5.0% |
| Amounts payable within one year | 42/48 | €1,104,540 | €1,130,940 | +€26,400 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €108,576 | €93,096 | -€15,480 | -14.3% |
| Financial debts | 43 | €681,045 | €664,994 | -€16,051 | -2.4% |
| Credit institutions | 430/8 | €681,045 | €664,994 | -€16,051 | -2.4% |
| Trade debts | 44 | €217,202 | €218,345 | +€1,143 | +0.5% |
| Suppliers | 440/4 | €217,202 | €218,345 | +€1,143 | +0.5% |
| Taxes, remuneration and social security | 45 | €47,718 | €104,506 | +€56,788 | +119% |
| Taxes | 450/3 | €47,718 | €104,506 | +€56,788 | +119% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,256 | €4,517 | -€739 | -14.1% |
| Non-recurring operating income | 76A | €0 | €416 | +€416 | |
| Remuneration, social security and pensions | 62 | - | €184 | +€184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,349 | €72,380 | -€1,969 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,277 | €24,483 | +€21,206 | +647% |
| Other operating charges | 640/8 | €30,379 | €15,715 | -€14,663 | -48.3% |
| Gross operating margin | 9900 | €250,629 | €241,329 | -€9,300 | -3.7% |
| Operating profit (loss) | 9901 | €142,626 | €128,567 | -€14,058 | -9.9% |
| Financial income | 75/76B | €13,639 | €10,376 | -€3,263 | -23.9% |
| Recurring financial income | 75 | €13,639 | €10,376 | -€3,263 | -23.9% |
| Financial charges | 65/66B | €76,981 | €63,737 | -€13,244 | -17.2% |
| Recurring financial charges | 65 | €76,981 | €63,737 | -€13,244 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €79,283 | €75,206 | -€4,077 | -5.1% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €19,790 | €35,498 | +€15,708 | +79.4% |
| Profit (loss) for the period | 9904 | €59,494 | €39,709 | -€19,785 | -33.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €59,494 | €39,709 | -€19,785 | -33.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.