IBASHO: 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.
IBASHO
Largest movements
- Tangible fixed assets -€26,864
down €26,864 (-25.9%), from €103,680 to €76,816
of which Furniture and vehicles: -€15,650
- Cash -€23,105
down €23,105 (-8.1%), from €286,449 to €263,344
mainly Debts after one year (-€55,402) and Trade debts (-€46,044)
- Debts after one year -€55,402
down €55,402 (-9.2%), from €604,598 to €549,196
- Profit (loss) carried forward +€48,150
up €48,150 (+35.0%), from -€137,380 to -€89,230
- Trade debts -€46,044
down €46,044 (-40.3%), from €114,338 to €68,294
- Other debts +€20,723
up €20,723 (+44.6%), from €46,435 to €67,158
- Gross operating margin +€116,107
up €116,107, from -€16,005 to €100,102
- Financial charges +€4,068
up €4,068 (+27.7%), from €14,669 to €18,737
- Depreciation +€3,850
up €3,850 (+13.2%), from €29,247 to €33,097
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 | €1,431,297 | €1,408,200 | -€23,097 | -1.6% |
| Fixed assets | 21/28 | €103,680 | €76,816 | -€26,864 | -25.9% |
| Tangible fixed assets | 22/27 | €103,680 | €76,816 | -€26,864 | -25.9% |
| Plant, machinery and equipment | 23 | €41,186 | €30,860 | -€10,326 | -25.1% |
| Furniture and vehicles | 24 | €59,445 | €43,795 | -€15,650 | -26.3% |
| Other tangible fixed assets | 26 | €3,049 | €2,161 | -€888 | -29.1% |
| Current assets | 29/58 | €1,327,617 | €1,331,384 | +€3,767 | +0.3% |
| Stocks and contracts in progress | 3 | €982,116 | €995,583 | +€13,467 | +1.4% |
| Stocks | 30/36 | €982,116 | €995,583 | +€13,467 | +1.4% |
| Amounts receivable within one year | 40/41 | €24,352 | €32,050 | +€7,698 | +31.6% |
| Trade receivables | 40 | €24,352 | €31,142 | +€6,790 | +27.9% |
| Other amounts receivable | 41 | - | €908 | +€908 | |
| Cash at bank and in hand | 54/58 | €286,449 | €263,344 | -€23,105 | -8.1% |
| Deferred charges and accrued income | 490/1 | €34,700 | €40,407 | +€5,707 | +16.4% |
| Total equity and liabilities | 10/49 | €1,431,297 | €1,408,200 | -€23,097 | -1.6% |
| Equity | 10/15 | €661,820 | €709,970 | +€48,150 | +7.3% |
| Contributions | 10/11 | €799,200 | €799,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,380 | -€89,230 | +€48,150 | +35.0% |
| Amounts payable | 17/49 | €769,477 | €698,230 | -€71,247 | -9.3% |
| Amounts payable after more than one year | 17 | €604,598 | €549,196 | -€55,402 | -9.2% |
| Other amounts payable | 178/9 | €604,598 | €549,196 | -€55,402 | -9.2% |
| Amounts payable within one year | 42/48 | €164,879 | €149,034 | -€15,845 | -9.6% |
| Trade debts | 44 | €114,338 | €68,294 | -€46,044 | -40.3% |
| Suppliers | 440/4 | €114,338 | €68,294 | -€46,044 | -40.3% |
| Taxes, remuneration and social security | 45 | €4,106 | €13,582 | +€9,476 | +230.8% |
| Taxes | 450/3 | €4,106 | €13,582 | +€9,476 | +230.8% |
| Other amounts payable | 47/48 | €46,435 | €67,158 | +€20,723 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,247 | €33,097 | +€3,850 | +13.2% |
| Other operating charges | 640/8 | €1,300 | €1,443 | +€143 | +11.0% |
| Gross operating margin | 9900 | -€16,005 | €100,102 | +€116,107 | |
| Operating profit (loss) | 9901 | -€46,552 | €65,562 | +€112,114 | |
| Financial income | 75/76B | €1,534 | €1,325 | -€209 | -13.6% |
| Recurring financial income | 75 | €1,534 | €1,325 | -€209 | -13.6% |
| Financial charges | 65/66B | €14,669 | €18,737 | +€4,068 | +27.7% |
| Recurring financial charges | 65 | €14,669 | €18,737 | +€4,068 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | -€59,687 | €48,150 | +€107,837 | |
| Profit (loss) for the period | 9904 | -€59,687 | €48,150 | +€107,837 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,687 | €48,150 | +€107,837 |
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 2 October 2026 via checked.be.