IBA Partners: 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 Partners
Largest movements
- Receivables within one year -€1,632
down €1,632 (-85.3%), from €1,913 to €281
of which Trade receivables: -€1,913
- Formation expenses -€546
down €546 (-40.1%), from €1,360 to €815
- Cash +€448
up €448 (+522%), from €86 to €534
mainly Receivables within one year (+€1,632) and Other debts (+€809)
- Trade debts -€1,517
down €1,517 (-92.7%), from €1,637 to €120
- Profit (loss) carried forward -€1,022
down €1,022 (-368%), from -€278 to -€1,299
- Other debts +€809
up €809 (+40.5%), from €2,000 to €2,809
- Gross operating margin -€309
new in 2025: -€309
- Depreciation +€269
up €269 (+97.4%), from €276 to €546
- Other operating charges +€120
new in 2025: €120
- Financial charges +€46
up €46 (+3,673%), from €1 to €47
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 | €23,359 | €21,630 | -€1,730 | -7.4% |
| Formation expenses | 20 | €1,360 | €815 | -€546 | -40.1% |
| Fixed assets | 21/28 | €20,000 | €20,000 | = | 0.0% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €1,999 | €815 | -€1,184 | -59.2% |
| Amounts receivable within one year | 40/41 | €1,913 | €281 | -€1,632 | -85.3% |
| Trade receivables | 40 | €1,913 | €0 | -€1,913 | -100% |
| Other amounts receivable | 41 | - | €281 | +€281 | |
| Cash at bank and in hand | 54/58 | €86 | €534 | +€448 | +522% |
| Total equity and liabilities | 10/49 | €23,359 | €21,630 | -€1,730 | -7.4% |
| Equity | 10/15 | €19,722 | €18,701 | -€1,022 | -5.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278 | -€1,299 | -€1,022 | -368% |
| Amounts payable | 17/49 | €3,637 | €2,929 | -€708 | -19.5% |
| Amounts payable within one year | 42/48 | €3,637 | €2,929 | -€708 | -19.5% |
| Trade debts | 44 | €1,637 | €120 | -€1,517 | -92.7% |
| Suppliers | 440/4 | €1,637 | €120 | -€1,517 | -92.7% |
| Other amounts payable | 47/48 | €2,000 | €2,809 | +€809 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276 | €546 | +€269 | +97.4% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | - | -€309 | -€309 | |
| Operating profit (loss) | 9901 | -€276 | -€975 | -€698 | -253% |
| Financial charges | 65/66B | €1 | €47 | +€46 | +3,673% |
| Recurring financial charges | 65 | €1 | €47 | +€46 | +3,673% |
| Profit (loss) for the period before taxes | 9903 | -€278 | -€1,022 | -€744 | -268% |
| Profit (loss) for the period | 9904 | -€278 | -€1,022 | -€744 | -268% |
| Profit (loss) for the period to be appropriated | 9905 | -€278 | -€1,022 | -€744 | -268% |
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 30 October 2026 via checked.be.