IBB Group: 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.
IBB Group
Largest movements
- Receivables within one year +€197,205
up €197,205 (+43.6%), from €452,369 to €649,574
of which Trade receivables: +€195,237
- Profit (loss) carried forward +€261,525
up €261,525 (+59.3%), from -€440,739 to -€179,215
- Trade debts -€68,779
down €68,779 (-24.3%), from €283,574 to €214,795
- Short-term financial debts +€37,110
up €37,110 (+19.3%), from €192,277 to €229,387
of which Other loans: +€37,110
- Other debts -€31,225
down €31,225 (-9.0%), from €347,281 to €316,056
- Gross operating margin -€211,101
down €211,101, from €162,472 to -€48,629
- Financial charges -€2,401
down €2,401 (-11.3%), from €21,207 to €18,806
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,330 | €706,695 | +€194,365 | +37.9% |
| Fixed assets | 21/28 | €57,121 | €57,121 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €57,121 | €57,121 | = | 0.0% |
| Land and buildings | 22 | €57,121 | €57,121 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €455,209 | €649,574 | +€194,365 | +42.7% |
| Stocks and contracts in progress | 3 | €2,693 | €0 | -€2,693 | -100.0% |
| Stocks | 30/36 | €2,693 | €0 | -€2,693 | -100.0% |
| Amounts receivable within one year | 40/41 | €452,369 | €649,574 | +€197,205 | +43.6% |
| Trade receivables | 40 | €451,968 | €647,206 | +€195,237 | +43.2% |
| Other amounts receivable | 41 | €401 | €2,368 | +€1,968 | +491.2% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €148 | €0 | -€148 | -100.0% |
| Total equity and liabilities | 10/49 | €512,330 | €706,695 | +€194,365 | +37.9% |
| Equity | 10/15 | -€415,279 | -€153,755 | +€261,525 | +63.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€440,739 | -€179,215 | +€261,525 | +59.3% |
| Amounts payable | 17/49 | €927,610 | €860,450 | -€67,160 | -7.2% |
| Amounts payable within one year | 42/48 | €922,425 | €860,450 | -€61,975 | -6.7% |
| Financial debts | 43 | €192,277 | €229,387 | +€37,110 | +19.3% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Other loans | 439 | €42,277 | €79,387 | +€37,110 | +87.8% |
| Trade debts | 44 | €283,574 | €214,795 | -€68,779 | -24.3% |
| Suppliers | 440/4 | €283,574 | €214,795 | -€68,779 | -24.3% |
| Taxes, remuneration and social security | 45 | €99,292 | €100,212 | +€920 | +0.9% |
| Taxes | 450/3 | €99,292 | €100,212 | +€920 | +0.9% |
| Other amounts payable | 47/48 | €347,281 | €316,056 | -€31,225 | -9.0% |
| Accrued charges and deferred income | 492/3 | €5,185 | €0 | -€5,185 | -100.0% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Other operating charges | 640/8 | €23 | €24 | +€0 | +0.7% |
| Non-recurring operating charges | 66A | €80 | - | -€80 | |
| Gross operating margin | 9900 | €162,472 | -€48,629 | -€211,101 | |
| Operating profit (loss) | 9901 | €162,369 | -€48,653 | -€211,022 | |
| Financial income | 75/76B | - | €1,260 | +€1,260 | |
| Recurring financial income | 75 | - | €1,260 | +€1,260 | |
| Financial charges | 65/66B | €21,207 | €18,806 | -€2,401 | -11.3% |
| Recurring financial charges | 65 | €21,207 | €18,806 | -€2,401 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €141,162 | -€66,199 | -€207,361 | |
| Profit (loss) for the period | 9904 | €141,162 | -€66,199 | -€207,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €141,162 | -€66,199 | -€207,361 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.