IB WORX: 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 WORX
Largest movements
- Current investments +€147,717
up €147,717 (+141%), from €104,747 to €252,464
- Cash -€118,803
down €118,803 (-50.3%), from €236,098 to €117,295
mainly Current investments (-€147,717) and Contributions, distributions and other (-€66,192)
- Receivables after one year -€8,858
down €8,858 (-4.1%), from €216,523 to €207,665
- Tangible fixed assets -€6,544
down €6,544 (-39.9%), from €16,382 to €9,838
of which Furniture and vehicles: -€6,017
- Reserves +€19,005
up €19,005 (+4.1%), from €460,851 to €479,856
- Gross operating margin -€2,497
down €2,497 (-2.0%), from €121,984 to €119,487
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €600,459 | €616,501 | +€16,042 | +2.7% |
| Fixed assets | 21/28 | €16,382 | €9,838 | -€6,544 | -39.9% |
| Tangible fixed assets | 22/27 | €16,382 | €9,838 | -€6,544 | -39.9% |
| Plant, machinery and equipment | 23 | €1,627 | €1,100 | -€527 | -32.4% |
| Furniture and vehicles | 24 | €14,755 | €8,738 | -€6,017 | -40.8% |
| Current assets | 29/58 | €584,077 | €606,663 | +€22,586 | +3.9% |
| Amounts receivable after more than one year | 29 | €216,523 | €207,665 | -€8,858 | -4.1% |
| Other amounts receivable | 291 | €216,523 | €207,665 | -€8,858 | -4.1% |
| Amounts receivable within one year | 40/41 | €23,982 | €25,344 | +€1,362 | +5.7% |
| Trade receivables | 40 | €23,982 | €25,344 | +€1,362 | +5.7% |
| Current investments | 50/53 | €104,747 | €252,464 | +€147,717 | +141% |
| Cash at bank and in hand | 54/58 | €236,098 | €117,295 | -€118,803 | -50.3% |
| Deferred charges and accrued income | 490/1 | €2,727 | €3,895 | +€1,168 | +42.8% |
| Total equity and liabilities | 10/49 | €600,459 | €616,501 | +€16,042 | +2.7% |
| Equity | 10/15 | €549,745 | €568,750 | +€19,005 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €460,851 | €479,856 | +€19,005 | +4.1% |
| Distributable reserves | 133 | €460,851 | €479,856 | +€19,005 | +4.1% |
| Profit (loss) carried forward | 14 | €70,294 | €70,294 | = | 0.0% |
| Amounts payable | 17/49 | €50,714 | €47,751 | -€2,963 | -5.8% |
| Amounts payable within one year | 42/48 | €50,627 | €46,721 | -€3,906 | -7.7% |
| Trade debts | 44 | €1,217 | €326 | -€891 | -73.2% |
| Suppliers | 440/4 | €1,217 | €326 | -€891 | -73.2% |
| Taxes, remuneration and social security | 45 | €42,255 | €38,927 | -€3,328 | -7.9% |
| Taxes | 450/3 | €42,255 | €38,927 | -€3,328 | -7.9% |
| Other amounts payable | 47/48 | €7,155 | €7,468 | +€313 | +4.4% |
| Accrued charges and deferred income | 492/3 | €87 | €1,030 | +€943 | +1,084% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,207 | €6,544 | -€663 | -9.2% |
| Other operating charges | 640/8 | €1,932 | €2,021 | +€89 | +4.6% |
| Gross operating margin | 9900 | €121,984 | €119,487 | -€2,497 | -2.0% |
| Operating profit (loss) | 9901 | €112,845 | €110,922 | -€1,923 | -1.7% |
| Financial income | 75/76B | €11,099 | €11,194 | +€95 | +0.9% |
| Recurring financial income | 75 | €11,099 | €11,194 | +€95 | +0.9% |
| Financial charges | 65/66B | €499 | €770 | +€271 | +54.3% |
| Recurring financial charges | 65 | €499 | €770 | +€271 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €123,445 | €121,346 | -€2,099 | -1.7% |
| Income taxes | 67/77 | €36,569 | €36,149 | -€420 | -1.1% |
| Profit (loss) for the period | 9904 | €86,876 | €85,197 | -€1,679 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,876 | €85,197 | -€1,679 | -1.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.