IBAC: 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.
IBAC
Largest movements
- Tangible fixed assets +€44,239
up €44,239, from €0 to €44,239
- Cash -€9,827
down €9,827 (-3.8%), from €257,817 to €247,989
mainly Investment in fixed assets (net) (-€48,695) and Tax, wage and social debts (-€2,470)
- Receivables within one year -€5,811
down €5,811 (-99.1%), from €5,865 to €55
of which Other amounts receivable: -€3,174
- Reserves +€30,000
up €30,000 (+12.7%), from €236,360 to €266,360
of which Distributable reserves: +€30,000
- Profit (loss) carried forward +€3,328
up €3,328 (+120.1%), from €2,770 to €6,098
- Gross operating margin +€16,309
up €16,309 (+42.1%), from €38,701 to €55,010
- Depreciation +€4,456
new in 2025: €4,456
- Taxes +€3,063
up €3,063 (+23.6%), from €12,958 to €16,020
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 | €263,725 | €293,738 | +€30,013 | +11.4% |
| Fixed assets | 21/28 | €0 | €44,239 | +€44,239 | |
| Tangible fixed assets | 22/27 | €0 | €44,239 | +€44,239 | |
| Furniture and vehicles | 24 | €0 | €44,239 | +€44,239 | |
| Current assets | 29/58 | €263,725 | €249,499 | -€14,226 | -5.4% |
| Amounts receivable within one year | 40/41 | €5,865 | €55 | -€5,811 | -99.1% |
| Trade receivables | 40 | €2,636 | €0 | -€2,636 | -100.0% |
| Other amounts receivable | 41 | €3,229 | €55 | -€3,174 | -98.3% |
| Cash at bank and in hand | 54/58 | €257,817 | €247,989 | -€9,827 | -3.8% |
| Deferred charges and accrued income | 490/1 | €43 | €1,455 | +€1,412 | +3314.9% |
| Total equity and liabilities | 10/49 | €263,725 | €293,738 | +€30,013 | +11.4% |
| Equity | 10/15 | €257,730 | €291,058 | +€33,328 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €236,360 | €266,360 | +€30,000 | +12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €234,500 | €264,500 | +€30,000 | +12.8% |
| Profit (loss) carried forward | 14 | €2,770 | €6,098 | +€3,328 | +120.1% |
| Amounts payable | 17/49 | €5,994 | €2,680 | -€3,314 | -55.3% |
| Amounts payable within one year | 42/48 | €5,994 | €2,680 | -€3,314 | -55.3% |
| Trade debts | 44 | €2,325 | €2,051 | -€274 | -11.8% |
| Suppliers | 440/4 | €2,325 | €2,051 | -€274 | -11.8% |
| Taxes, remuneration and social security | 45 | €2,470 | €0 | -€2,470 | -100.0% |
| Taxes | 450/3 | €2,470 | €0 | -€2,470 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,200 | €629 | -€571 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,456 | +€4,456 | |
| Other operating charges | 640/8 | €920 | €921 | +€1 | +0.1% |
| Gross operating margin | 9900 | €38,701 | €55,010 | +€16,309 | +42.1% |
| Operating profit (loss) | 9901 | €37,782 | €49,633 | +€11,852 | +31.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +800.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +800.0% |
| Financial charges | 65/66B | €195 | €285 | +€90 | +46.0% |
| Recurring financial charges | 65 | €195 | €285 | +€90 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €37,586 | €49,348 | +€11,762 | +31.3% |
| Income taxes | 67/77 | €12,958 | €16,020 | +€3,063 | +23.6% |
| Profit (loss) for the period | 9904 | €24,629 | €33,328 | +€8,699 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,629 | €33,328 | +€8,699 | +35.3% |
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 5 October 2026 via checked.be.