IBBAT: 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.
IBBAT
Largest movements
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Cash +€213,984
up €213,984 (+421.1%), from €50,814 to €264,798
mainly Current investments (+€250,000) and Net result for the year (+€226,907)
- Tangible fixed assets +€50,520
up €50,520 (+5.8%), from €875,428 to €925,947
of which Furniture and vehicles: +€69,279
- Debts after one year -€245,100
down €245,100 (-45.8%), from €534,745 to €289,646
- Profit (loss) carried forward +€226,907
up €226,907 (+35.7%), from €634,790 to €861,698
- Accrued charges and deferred income +€175,000
new in 2025: €175,000
- Short-term financial debts -€121,183
down €121,183 (-23.1%), from €525,000 to €403,817
- Tax, wage and social debts -€30,478
no longer reported in 2025 (was €30,478)
- Financial income -€143,114
down €143,114 (-46.5%), from €307,866 to €164,752
of which Non-recurring financial income: -€133,133
- Gross operating margin +€27,392
up €27,392 (+28.8%), from €95,153 to €122,544
- Depreciation +€20,056
up €20,056 (+320.4%), from €6,259 to €26,315
- Financial charges -€9,522
down €9,522 (-65.0%), from €14,649 to €5,126
- Other operating charges +€2,424
up €2,424 (+74.7%), from €3,244 to €5,668
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 | €2,496,160 | €2,501,371 | +€5,211 | +0.2% |
| Fixed assets | 21/28 | €2,180,590 | €2,231,110 | +€50,520 | +2.3% |
| Tangible fixed assets | 22/27 | €875,428 | €925,947 | +€50,520 | +5.8% |
| Land and buildings | 22 | €867,101 | €848,342 | -€18,759 | -2.2% |
| Furniture and vehicles | 24 | €8,326 | €77,605 | +€69,279 | +832.0% |
| Financial fixed assets | 28 | €1,305,163 | €1,305,163 | = | 0.0% |
| Current assets | 29/58 | €315,570 | €270,261 | -€45,309 | -14.4% |
| Amounts receivable within one year | 40/41 | €11,398 | €2,471 | -€8,927 | -78.3% |
| Trade receivables | 40 | €5,339 | - | -€5,339 | |
| Other amounts receivable | 41 | €6,059 | €2,471 | -€3,588 | -59.2% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €50,814 | €264,798 | +€213,984 | +421.1% |
| Deferred charges and accrued income | 490/1 | €3,358 | €2,992 | -€366 | -10.9% |
| Total equity and liabilities | 10/49 | €2,496,160 | €2,501,371 | +€5,211 | +0.2% |
| Equity | 10/15 | €1,404,790 | €1,631,698 | +€226,907 | +16.2% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €70,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70,000 | €70,000 | = | 0.0% |
| Legal reserve | 130 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €634,790 | €861,698 | +€226,907 | +35.7% |
| Amounts payable | 17/49 | €1,091,370 | €869,674 | -€221,697 | -20.3% |
| Amounts payable after more than one year | 17 | €534,745 | €289,646 | -€245,100 | -45.8% |
| Financial debts | 170/4 | €534,745 | €289,646 | -€245,100 | -45.8% |
| Amounts payable within one year | 42/48 | €556,625 | €405,028 | -€151,597 | -27.2% |
| Financial debts | 43 | €525,000 | €403,817 | -€121,183 | -23.1% |
| Other loans | 439 | €525,000 | €403,817 | -€121,183 | -23.1% |
| Trade debts | 44 | €1,147 | €981 | -€166 | -14.5% |
| Suppliers | 440/4 | €1,147 | €981 | -€166 | -14.5% |
| Taxes, remuneration and social security | 45 | €30,478 | - | -€30,478 | |
| Taxes | 450/3 | €30,478 | - | -€30,478 | |
| Other amounts payable | 47/48 | - | €230 | +€230 | |
| Accrued charges and deferred income | 492/3 | - | €175,000 | +€175,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,259 | €26,315 | +€20,056 | +320.4% |
| Other operating charges | 640/8 | €3,244 | €5,668 | +€2,424 | +74.7% |
| Gross operating margin | 9900 | €95,153 | €122,544 | +€27,392 | +28.8% |
| Operating profit (loss) | 9901 | €85,649 | €90,562 | +€4,912 | +5.7% |
| Financial income | 75/76B | €307,866 | €164,752 | -€143,114 | -46.5% |
| Recurring financial income | 75 | €11,101 | €1,120 | -€9,981 | -89.9% |
| Non-recurring financial income | 76B | €296,766 | €163,632 | -€133,133 | -44.9% |
| Financial charges | 65/66B | €14,649 | €5,126 | -€9,522 | -65.0% |
| Recurring financial charges | 65 | €14,649 | €5,126 | -€9,522 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | €378,867 | €250,187 | -€128,679 | -34.0% |
| Income taxes | 67/77 | €22,721 | €23,280 | +€559 | +2.5% |
| Profit (loss) for the period | 9904 | €356,145 | €226,907 | -€129,238 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €356,145 | €226,907 | -€129,238 | -36.3% |
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 11 October 2026 via checked.be.