IBA Immo: 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.
IBA Immo
Largest movements
- Tangible fixed assets +€624,289
up €624,289 (+76.0%), from €821,937 to €1.4m
- Receivables within one year -€363,436
down €363,436 (-94.7%), from €383,665 to €20,229
of which Other amounts receivable: -€363,524
- Receivables after one year +€334,787
new in 2025: €334,787
- Debts after one year +€598,324
up €598,324 (+84.6%), from €707,315 to €1.3m
- Current portion of long-term debt -€23,020
down €23,020 (-18.5%), from €124,696 to €101,676
- Gross operating margin -€690,158
down €690,158 (-82.8%), from €833,773 to €143,615
- Depreciation +€30,687
up €30,687 (+57.1%), from €53,727 to €84,414
- Financial income +€20,087
new in 2025: €20,087
- Financial charges +€17,596
up €17,596 (+157.4%), from €11,180 to €28,775
- Taxes -€9,848
down €9,848 (-100.0%), from €9,848 to €0
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 | €1,215,780 | €1,812,440 | +€596,660 | +49.1% |
| Fixed assets | 21/28 | €821,937 | €1,446,227 | +€624,289 | +76.0% |
| Tangible fixed assets | 22/27 | €821,937 | €1,446,227 | +€624,289 | +76.0% |
| Land and buildings | 22 | €821,937 | €1,446,227 | +€624,289 | +76.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €393,843 | €366,214 | -€27,629 | -7.0% |
| Amounts receivable after more than one year | 29 | - | €334,787 | +€334,787 | |
| Other amounts receivable | 291 | - | €334,787 | +€334,787 | |
| Amounts receivable within one year | 40/41 | €383,665 | €20,229 | -€363,436 | -94.7% |
| Trade receivables | 40 | - | €88 | +€88 | |
| Other amounts receivable | 41 | €383,665 | €20,141 | -€363,524 | -94.8% |
| Cash at bank and in hand | 54/58 | €10,178 | €11,199 | +€1,021 | +10.0% |
| Total equity and liabilities | 10/49 | €1,215,780 | €1,812,440 | +€596,660 | +49.1% |
| Equity | 10/15 | €341,028 | €345,412 | +€4,384 | +1.3% |
| Contributions | 10/11 | €308,684 | €308,684 | = | 0.0% |
| Reserves | 13 | €32,344 | €36,728 | +€4,384 | +13.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €32,344 | €36,728 | +€4,384 | +13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €874,752 | €1,467,029 | +€592,277 | +67.7% |
| Amounts payable after more than one year | 17 | €707,315 | €1,305,639 | +€598,324 | +84.6% |
| Financial debts | 170/4 | €707,315 | €1,305,639 | +€598,324 | +84.6% |
| Amounts payable within one year | 42/48 | €155,399 | €149,001 | -€6,398 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €124,696 | €101,676 | -€23,020 | -18.5% |
| Trade debts | 44 | €80 | €1,210 | +€1,131 | +1419.4% |
| Suppliers | 440/4 | €80 | €1,210 | +€1,131 | +1419.4% |
| Taxes, remuneration and social security | 45 | €623 | €325 | -€299 | -47.9% |
| Taxes | 450/3 | €623 | €325 | -€299 | -47.9% |
| Other amounts payable | 47/48 | €30,000 | €45,789 | +€15,789 | +52.6% |
| Accrued charges and deferred income | 492/3 | €12,038 | €12,389 | +€351 | +2.9% |
| Non-recurring operating income | 76A | €697,295 | €0 | -€697,295 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,727 | €84,414 | +€30,687 | +57.1% |
| Other operating charges | 640/8 | €2,498 | €1,130 | -€1,368 | -54.8% |
| Gross operating margin | 9900 | €833,773 | €143,615 | -€690,158 | -82.8% |
| Operating profit (loss) | 9901 | €777,548 | €58,072 | -€719,476 | -92.5% |
| Financial income | 75/76B | - | €20,087 | +€20,087 | |
| Recurring financial income | 75 | - | €20,087 | +€20,087 | |
| Financial charges | 65/66B | €11,180 | €28,775 | +€17,596 | +157.4% |
| Recurring financial charges | 65 | €11,180 | €28,775 | +€17,596 | +157.4% |
| Profit (loss) for the period before taxes | 9903 | €766,369 | €49,384 | -€716,985 | -93.6% |
| Income taxes | 67/77 | €9,848 | €0 | -€9,848 | -100.0% |
| Profit (loss) for the period | 9904 | €756,520 | €49,384 | -€707,137 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €756,520 | €49,384 | -€707,137 | -93.5% |
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.