IB STONE: 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 STONE
Largest movements
- Tangible fixed assets +€120,849
up €120,849 (+72.3%), from €167,079 to €287,928
of which Furniture and vehicles: +€109,701
- Receivables within one year +€13,843
up €13,843 (+30.0%), from €46,067 to €59,909
of which Trade receivables: +€22,161
- Debts after one year +€64,790
up €64,790 (+64.5%), from €100,489 to €165,280
- Short-term financial debts +€30,000
new in 2025: €30,000
- Current portion of long-term debt +€24,211
up €24,211 (+253.2%), from €9,563 to €33,775
- Reserves +€11,367
up €11,367 (+27.2%), from €41,866 to €53,233
- Trade debts +€9,682
up €9,682 (+18.3%), from €53,005 to €62,687
- Gross operating margin +€15,373
up €15,373 (+47.4%), from €32,444 to €47,817
- Taxes +€5,488
up €5,488 (+8533.7%), from €64 to €5,552
- Financial charges +€2,180
up €2,180 (+30.6%), from €7,119 to €9,299
- Depreciation +€1,115
up €1,115 (+6.9%), from €16,238 to €17,354
- Write-downs +€482
new in 2025: €482
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 | €231,801 | €369,809 | +€138,009 | +59.5% |
| Fixed assets | 21/28 | €167,079 | €287,928 | +€120,849 | +72.3% |
| Tangible fixed assets | 22/27 | €167,079 | €287,928 | +€120,849 | +72.3% |
| Land and buildings | 22 | €152,963 | €152,888 | -€74 | 0.0% |
| Plant, machinery and equipment | 23 | €8,824 | €20,274 | +€11,450 | +129.8% |
| Furniture and vehicles | 24 | €3,895 | €113,596 | +€109,701 | +2816.1% |
| Other tangible fixed assets | 26 | €1,397 | €1,169 | -€228 | -16.3% |
| Current assets | 29/58 | €64,721 | €81,881 | +€17,160 | +26.5% |
| Stocks and contracts in progress | 3 | €15,000 | €14,690 | -€311 | -2.1% |
| Stocks | 30/36 | €15,000 | €14,690 | -€311 | -2.1% |
| Amounts receivable within one year | 40/41 | €46,067 | €59,909 | +€13,843 | +30.0% |
| Trade receivables | 40 | €26,344 | €48,505 | +€22,161 | +84.1% |
| Other amounts receivable | 41 | €19,723 | €11,404 | -€8,319 | -42.2% |
| Cash at bank and in hand | 54/58 | €3,007 | €5,240 | +€2,234 | +74.3% |
| Deferred charges and accrued income | 490/1 | €648 | €2,042 | +€1,394 | +215.0% |
| Total equity and liabilities | 10/49 | €231,801 | €369,809 | +€138,009 | +59.5% |
| Equity | 10/15 | €60,291 | €71,833 | +€11,542 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,866 | €53,233 | +€11,367 | +27.2% |
| Distributable reserves | 133 | €41,866 | €53,233 | +€11,367 | +27.2% |
| Profit (loss) carried forward | 14 | -€175 | - | +€175 | |
| Amounts payable | 17/49 | €171,510 | €297,976 | +€126,467 | +73.7% |
| Amounts payable after more than one year | 17 | €100,489 | €165,280 | +€64,790 | +64.5% |
| Financial debts | 170/4 | €100,489 | €165,280 | +€64,790 | +64.5% |
| Amounts payable within one year | 42/48 | €71,021 | €132,697 | +€61,676 | +86.8% |
| Current portion of amounts payable after more than one year | 42 | €9,563 | €33,775 | +€24,211 | +253.2% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €53,005 | €62,687 | +€9,682 | +18.3% |
| Suppliers | 440/4 | €53,005 | €62,687 | +€9,682 | +18.3% |
| Taxes, remuneration and social security | 45 | €8,453 | €6,236 | -€2,217 | -26.2% |
| Taxes | 450/3 | €8,453 | €6,236 | -€2,217 | -26.2% |
| Non-recurring operating income | 76A | €4,766 | - | -€4,766 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,238 | €17,354 | +€1,115 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €482 | +€482 | |
| Other operating charges | 640/8 | €2,598 | €2,830 | +€232 | +8.9% |
| Non-recurring operating charges | 66A | €6,687 | €977 | -€5,710 | -85.4% |
| Gross operating margin | 9900 | €32,444 | €47,817 | +€15,373 | +47.4% |
| Operating profit (loss) | 9901 | €6,920 | €26,175 | +€19,255 | +278.2% |
| Financial income | 75/76B | €88 | €219 | +€131 | +148.3% |
| Recurring financial income | 75 | €88 | €219 | +€131 | +148.3% |
| Financial charges | 65/66B | €7,119 | €9,299 | +€2,180 | +30.6% |
| Recurring financial charges | 65 | €7,119 | €9,299 | +€2,180 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | -€111 | €17,094 | +€17,205 | |
| Income taxes | 67/77 | €64 | €5,552 | +€5,488 | +8533.7% |
| Profit (loss) for the period | 9904 | -€175 | €11,542 | +€11,717 | |
| Profit (loss) for the period to be appropriated | 9905 | -€175 | €11,542 | +€11,717 |
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 8 October 2026 via checked.be.