IBE BORNEM: 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.
IBE BORNEM
Largest movements
- Deferred charges and accrued income +€17,368
up €17,368 (+40.8%), from €42,559 to €59,927
- Receivables within one year -€7,695
down €7,695 (-2.0%), from €384,384 to €376,689
of which Trade receivables: -€10,360
- Profit (loss) carried forward +€34,830
up €34,830 (+10.5%), from €330,891 to €365,721
- Short-term financial debts -€20,842
down €20,842 (-49.0%), from €42,492 to €21,650
- Debts after one year -€10,193
down €10,193 (-40.9%), from €24,904 to €14,711
- Other debts +€6,000
new in 2025: €6,000
- Financial income -€77,065
down €77,065 (-81.6%), from €94,434 to €17,369
- Gross operating margin -€18,937
down €18,937 (-25.2%), from €75,069 to €56,132
- Taxes +€2,340
up €2,340 (+11.7%), from €19,992 to €22,332
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €438,609 | €449,772 | +€11,163 | +2.5% |
| Fixed assets | 21/28 | €11,666 | €13,156 | +€1,490 | +12.8% |
| Tangible fixed assets | 22/27 | €11,666 | €13,156 | +€1,490 | +12.8% |
| Plant, machinery and equipment | 23 | €2,006 | €8,326 | +€6,320 | +315% |
| Furniture and vehicles | 24 | €9,660 | €4,830 | -€4,830 | -50.0% |
| Current assets | 29/58 | €426,943 | €436,616 | +€9,673 | +2.3% |
| Amounts receivable within one year | 40/41 | €384,384 | €376,689 | -€7,695 | -2.0% |
| Trade receivables | 40 | €27,610 | €17,250 | -€10,360 | -37.5% |
| Other amounts receivable | 41 | €356,774 | €359,439 | +€2,665 | +0.7% |
| Deferred charges and accrued income | 490/1 | €42,559 | €59,927 | +€17,368 | +40.8% |
| Total equity and liabilities | 10/49 | €438,609 | €449,772 | +€11,163 | +2.5% |
| Equity | 10/15 | €349,491 | €384,321 | +€34,830 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €330,891 | €365,721 | +€34,830 | +10.5% |
| Amounts payable | 17/49 | €89,118 | €65,451 | -€23,667 | -26.6% |
| Amounts payable after more than one year | 17 | €24,904 | €14,711 | -€10,193 | -40.9% |
| Financial debts | 170/4 | €24,904 | €14,711 | -€10,193 | -40.9% |
| Amounts payable within one year | 42/48 | €64,214 | €50,740 | -€13,474 | -21.0% |
| Financial debts | 43 | €42,492 | €21,650 | -€20,842 | -49.0% |
| Credit institutions | 430/8 | €42,492 | €21,650 | -€20,842 | -49.0% |
| Trade debts | 44 | €15,450 | €18,105 | +€2,655 | +17.2% |
| Suppliers | 440/4 | €15,450 | €18,105 | +€2,655 | +17.2% |
| Taxes, remuneration and social security | 45 | €6,272 | €4,985 | -€1,287 | -20.5% |
| Remuneration and social security | 454/9 | €6,272 | €4,985 | -€1,287 | -20.5% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,328 | €8,510 | +€182 | +2.2% |
| Other operating charges | 640/8 | €171 | €120 | -€51 | -29.8% |
| Gross operating margin | 9900 | €75,069 | €56,132 | -€18,937 | -25.2% |
| Operating profit (loss) | 9901 | €66,570 | €47,502 | -€19,068 | -28.6% |
| Financial income | 75/76B | €94,434 | €17,369 | -€77,065 | -81.6% |
| Recurring financial income | 75 | €94,434 | €17,369 | -€77,065 | -81.6% |
| Financial charges | 65/66B | €7,085 | €7,709 | +€624 | +8.8% |
| Recurring financial charges | 65 | €7,085 | €7,709 | +€624 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €153,919 | €57,162 | -€96,757 | -62.9% |
| Income taxes | 67/77 | €19,992 | €22,332 | +€2,340 | +11.7% |
| Profit (loss) for the period | 9904 | €133,927 | €34,830 | -€99,097 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €133,927 | €34,830 | -€99,097 | -74.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.