IBA Group: 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.
IBA Group
Largest movements
- Deferred charges and accrued income +€168,673
new in 2025: €168,673
- Receivables within one year +€159,595
up €159,595 (+49.4%), from €323,076 to €482,672
of which Trade receivables: +€147,031
- Reserves +€392,507
up €392,507 (+461%), from €85,086 to €477,593
of which Distributable reserves: +€197,469
- Debts after one year -€245,177
down €245,177 (-4.2%), from €5.9m to €5.6m
- Other debts +€185,636
up €185,636 (+386%), from €48,036 to €233,672
- Gross operating margin +€620,888
up €620,888 (+210%), from €295,762 to €916,649
- Financial charges +€111,817
up €111,817 (+121%), from €92,653 to €204,470
- Staff costs +€104,248
up €104,248 (+131%), from €79,355 to €183,604
- Taxes +€95,700
up €95,700 (+275%), from €34,739 to €130,439
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 | €6,668,122 | €7,041,270 | +€373,148 | +5.6% |
| Formation expenses | 20 | €1,837 | €1,225 | -€612 | -33.3% |
| Fixed assets | 21/28 | €6,058,457 | €6,058,457 | = | 0.0% |
| Financial fixed assets | 28 | €6,058,457 | €6,058,457 | = | 0.0% |
| Current assets | 29/58 | €607,828 | €981,588 | +€373,760 | +61.5% |
| Amounts receivable after more than one year | 29 | €241,543 | €241,543 | = | 0.0% |
| Other amounts receivable | 291 | €241,543 | €241,543 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €323,076 | €482,672 | +€159,595 | +49.4% |
| Trade receivables | 40 | €321,076 | €468,108 | +€147,031 | +45.8% |
| Other amounts receivable | 41 | €2,000 | €14,564 | +€12,564 | +628% |
| Cash at bank and in hand | 54/58 | €43,208 | €88,701 | +€45,492 | +105% |
| Deferred charges and accrued income | 490/1 | - | €168,673 | +€168,673 | |
| Total equity and liabilities | 10/49 | €6,668,122 | €7,041,270 | +€373,148 | +5.6% |
| Equity | 10/15 | €135,086 | €527,593 | +€392,507 | +291% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €85,086 | €477,593 | +€392,507 | +461% |
| Tax-exempt reserves | 132 | - | €195,037 | +€195,037 | |
| Distributable reserves | 133 | €85,086 | €282,556 | +€197,469 | +232% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,533,035 | €6,513,677 | -€19,359 | -0.3% |
| Amounts payable after more than one year | 17 | €5,869,123 | €5,623,946 | -€245,177 | -4.2% |
| Financial debts | 170/4 | €5,869,123 | €5,623,946 | -€245,177 | -4.2% |
| Amounts payable within one year | 42/48 | €626,800 | €877,431 | +€250,631 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €237,035 | €265,265 | +€28,230 | +11.9% |
| Trade debts | 44 | €252,027 | €235,573 | -€16,455 | -6.5% |
| Suppliers | 440/4 | €252,027 | €235,573 | -€16,455 | -6.5% |
| Taxes, remuneration and social security | 45 | €89,702 | €142,921 | +€53,219 | +59.3% |
| Taxes | 450/3 | €79,895 | €119,147 | +€39,251 | +49.1% |
| Remuneration and social security | 454/9 | €9,806 | €23,774 | +€13,968 | +142% |
| Other amounts payable | 47/48 | €48,036 | €233,672 | +€185,636 | +386% |
| Accrued charges and deferred income | 492/3 | €37,113 | €12,300 | -€24,813 | -66.9% |
| Remuneration, social security and pensions | 62 | €79,355 | €183,604 | +€104,248 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €612 | +€612 | |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €295,762 | €916,649 | +€620,888 | +210% |
| Operating profit (loss) | 9901 | €216,407 | €732,314 | +€515,907 | +238% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €92,653 | €204,470 | +€111,817 | +121% |
| Recurring financial charges | 65 | €92,653 | €204,470 | +€111,817 | +121% |
| Profit (loss) for the period before taxes | 9903 | €123,754 | €527,844 | +€404,090 | +327% |
| Income taxes | 67/77 | €34,739 | €130,439 | +€95,700 | +275% |
| Profit (loss) for the period | 9904 | €89,015 | €397,405 | +€308,390 | +346% |
| Transfer to tax-exempt reserves | 689 | - | €195,037 | +€195,037 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,015 | €202,368 | +€113,353 | +127% |
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 14 October 2026 via checked.be.