IBBR: 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.
IBBR
Largest movements
- Receivables within one year +€330,119
up €330,119 (+307.3%), from €107,428 to €437,547
of which Other amounts receivable: +€239,370
- Tangible fixed assets -€242,571
down €242,571 (-2.0%), from €12.2m to €11.9m
- Reserves +€648,543
up €648,543 (+75.8%), from €855,400 to €1.5m
of which Distributable reserves: +€648,543
- Debts after one year -€428,000
down €428,000 (-3.8%), from €11.1m to €10.7m
- Profit (loss) carried forward -€241,707
down €241,707 (-100.0%), from €241,707 to €0
- Financial charges -€189,635
down €189,635 (-31.0%), from €611,783 to €422,148
- Gross operating margin +€167,908
up €167,908 (+14.0%), from €1.2m to €1.4m
- Other operating charges +€116,473
up €116,473 (+10599.6%), from €1,099 to €117,572
- Taxes +€58,478
up €58,478 (+63.9%), from €91,484 to €149,961
- Financial income -€16,270
down €16,270 (-57.8%), from €28,159 to €11,889
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 | €12,641,773 | €12,706,518 | +€64,745 | +0.5% |
| Fixed assets | 21/28 | €12,163,731 | €11,921,160 | -€242,571 | -2.0% |
| Tangible fixed assets | 22/27 | €12,163,731 | €11,921,160 | -€242,571 | -2.0% |
| Land and buildings | 22 | €12,163,731 | €11,921,160 | -€242,571 | -2.0% |
| Current assets | 29/58 | €478,042 | €785,358 | +€307,316 | +64.3% |
| Amounts receivable within one year | 40/41 | €107,428 | €437,547 | +€330,119 | +307.3% |
| Trade receivables | 40 | €96,798 | €187,547 | +€90,750 | +93.8% |
| Other amounts receivable | 41 | €10,630 | €250,000 | +€239,370 | +2251.8% |
| Cash at bank and in hand | 54/58 | €367,383 | €345,886 | -€21,496 | -5.9% |
| Deferred charges and accrued income | 490/1 | €3,231 | €1,924 | -€1,307 | -40.4% |
| Total equity and liabilities | 10/49 | €12,641,773 | €12,706,518 | +€64,745 | +0.5% |
| Equity | 10/15 | €1,159,107 | €1,565,943 | +€406,835 | +35.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €855,400 | €1,503,943 | +€648,543 | +75.8% |
| Non-distributable reserves | 130/1 | €33,546 | €33,546 | = | 0.0% |
| Legal reserve | 130 | €33,546 | €33,546 | = | 0.0% |
| Distributable reserves | 133 | €821,855 | €1,470,397 | +€648,543 | +78.9% |
| Profit (loss) carried forward | 14 | €241,707 | €0 | -€241,707 | -100.0% |
| Amounts payable | 17/49 | €11,482,665 | €11,140,575 | -€342,090 | -3.0% |
| Amounts payable after more than one year | 17 | €11,128,000 | €10,700,000 | -€428,000 | -3.8% |
| Financial debts | 170/4 | €11,128,000 | €10,700,000 | -€428,000 | -3.8% |
| Amounts payable within one year | 42/48 | €190,768 | €273,103 | +€82,334 | +43.2% |
| Trade debts | 44 | €1,205 | €72 | -€1,133 | -94.0% |
| Suppliers | 440/4 | €1,205 | €72 | -€1,133 | -94.0% |
| Taxes, remuneration and social security | 45 | €189,563 | €273,031 | +€83,467 | +44.0% |
| Taxes | 450/3 | €189,563 | €273,031 | +€83,467 | +44.0% |
| Accrued charges and deferred income | 492/3 | €163,897 | €167,472 | +€3,575 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285,711 | €286,905 | +€1,194 | +0.4% |
| Other operating charges | 640/8 | €1,099 | €117,572 | +€116,473 | +10599.6% |
| Gross operating margin | 9900 | €1,203,625 | €1,371,532 | +€167,908 | +14.0% |
| Operating profit (loss) | 9901 | €916,815 | €967,055 | +€50,240 | +5.5% |
| Financial income | 75/76B | €28,159 | €11,889 | -€16,270 | -57.8% |
| Recurring financial income | 75 | €28,159 | €11,889 | -€16,270 | -57.8% |
| Financial charges | 65/66B | €611,783 | €422,148 | -€189,635 | -31.0% |
| Recurring financial charges | 65 | €611,783 | €422,148 | -€189,635 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €333,191 | €556,797 | +€223,606 | +67.1% |
| Income taxes | 67/77 | €91,484 | €149,961 | +€58,478 | +63.9% |
| Profit (loss) for the period | 9904 | €241,707 | €406,835 | +€165,128 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €241,707 | €406,835 | +€165,128 | +68.3% |
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 29 September 2026 via checked.be.