IBC Land: 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.
IBC Land
Largest movements
- Cash -€102,756
down €102,756 (-82.5%), from €124,485 to €21,729
mainly Trade debts (-€445,387) and Tax, wage and social debts (-€106,118)
- Receivables within one year -€63,437
no longer reported in 2025 (was €63,437)
- Tangible fixed assets -€20,184
down €20,184 (-2.7%), from €756,249 to €736,065
- Trade debts -€445,387
down €445,387 (-93.7%), from €475,387 to €30,000
- Debts after one year +€272,485
new in 2025: €272,485
- Tax, wage and social debts -€106,118
down €106,118 (-76.7%), from €138,416 to €32,298
- Other debts +€94,791
new in 2025: €94,791
- Profit (loss) carried forward -€20,480
new in 2025: -€20,480
- Gross operating margin -€195,922
down €195,922 (-86.9%), from €225,390 to €29,468
- Other operating charges -€81,574
down €81,574 (-74.5%), from €109,565 to €27,991
- Taxes -€32,298
no longer reported in 2025 (was €32,298)
- Depreciation +€19,688
up €19,688 (+3,966%), from €496 to €20,184
- Financial charges +€8,331
up €8,331 (+1,996%), from €417 to €8,749
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.
Derived cash bridge
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 | €948,981 | €760,199 | -€188,782 | -19.9% |
| Fixed assets | 21/28 | €756,249 | €736,065 | -€20,184 | -2.7% |
| Tangible fixed assets | 22/27 | €756,249 | €736,065 | -€20,184 | -2.7% |
| Land and buildings | 22 | €756,249 | €736,065 | -€20,184 | -2.7% |
| Current assets | 29/58 | €192,732 | €24,134 | -€168,598 | -87.5% |
| Stocks and contracts in progress | 3 | €4,810 | €2,405 | -€2,405 | -50.0% |
| Stocks | 30/36 | €4,810 | €2,405 | -€2,405 | -50.0% |
| Amounts receivable within one year | 40/41 | €63,437 | - | -€63,437 | |
| Other amounts receivable | 41 | €63,437 | - | -€63,437 | |
| Cash at bank and in hand | 54/58 | €124,485 | €21,729 | -€102,756 | -82.5% |
| Total equity and liabilities | 10/49 | €948,981 | €760,199 | -€188,782 | -19.9% |
| Equity | 10/15 | €335,177 | €314,697 | -€20,480 | -6.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €325,177 | €325,177 | = | 0.0% |
| Distributable reserves | 133 | €325,177 | €325,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€20,480 | -€20,480 | |
| Amounts payable | 17/49 | €613,803 | €445,501 | -€168,302 | -27.4% |
| Amounts payable after more than one year | 17 | - | €272,485 | +€272,485 | |
| Financial debts | 170/4 | - | €272,485 | +€272,485 | |
| Amounts payable within one year | 42/48 | €613,803 | €173,016 | -€440,787 | -71.8% |
| Current portion of amounts payable after more than one year | 42 | - | €15,927 | +€15,927 | |
| Trade debts | 44 | €475,387 | €30,000 | -€445,387 | -93.7% |
| Suppliers | 440/4 | €475,387 | €30,000 | -€445,387 | -93.7% |
| Taxes, remuneration and social security | 45 | €138,416 | €32,298 | -€106,118 | -76.7% |
| Taxes | 450/3 | €138,416 | €32,298 | -€106,118 | -76.7% |
| Other amounts payable | 47/48 | - | €94,791 | +€94,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €20,184 | +€19,688 | +3,966% |
| Other operating charges | 640/8 | €109,565 | €27,991 | -€81,574 | -74.5% |
| Gross operating margin | 9900 | €225,390 | €29,468 | -€195,922 | -86.9% |
| Operating profit (loss) | 9901 | €115,329 | -€18,707 | -€134,035 | |
| Financial income | 75/76B | €883 | €6,976 | +€6,093 | +690% |
| Recurring financial income | 75 | €883 | €858 | -€25 | -2.8% |
| Non-recurring financial income | 76B | - | €6,118 | +€6,118 | |
| Financial charges | 65/66B | €417 | €8,749 | +€8,331 | +1,996% |
| Recurring financial charges | 65 | €417 | €8,749 | +€8,331 | +1,996% |
| Profit (loss) for the period before taxes | 9903 | €115,794 | -€20,480 | -€136,274 | |
| Income taxes | 67/77 | €32,298 | - | -€32,298 | |
| Profit (loss) for the period | 9904 | €83,496 | -€20,480 | -€103,976 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,496 | -€20,480 | -€103,976 |
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 17 October 2026 via checked.be.