IBECA: 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.
IBECA
Largest movements
- Tangible fixed assets -€32,316
down €32,316 (-11.8%), from €272,955 to €240,639
of which Furniture and vehicles: -€19,021
- Receivables within one year -€10,625
down €10,625 (-24.5%), from €43,337 to €32,712
of which Other amounts receivable: -€20,236
- Cash -€6,667
down €6,667 (-95.6%), from €6,977 to €310
mainly Debts after one year (-€22,391) and Contributions, distributions and other (-€20,846)
- Debts after one year -€22,391
down €22,391 (-11.6%), from €193,571 to €171,180
- Reserves -€20,846
down €20,846 (-16.0%), from €129,984 to €109,138
of which Distributable reserves: -€20,846
- Profit (loss) carried forward -€17,138
down €17,138, from €2,985 to -€14,154
- Other debts +€11,915
new in 2025: €11,915
- Gross operating margin -€35,690
down €35,690 (-61.9%), from €57,684 to €21,994
- Taxes -€5,702
down €5,702 (-97.0%), from €5,878 to €176
- Depreciation +€4,280
up €4,280 (+14.8%), from €28,991 to €33,271
- Financial charges -€1,031
down €1,031 (-15.2%), from €6,806 to €5,775
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 | €374,479 | €325,145 | -€49,334 | -13.2% |
| Fixed assets | 21/28 | €272,955 | €240,639 | -€32,316 | -11.8% |
| Tangible fixed assets | 22/27 | €272,955 | €240,639 | -€32,316 | -11.8% |
| Land and buildings | 22 | €197,974 | €186,916 | -€11,058 | -5.6% |
| Plant, machinery and equipment | 23 | €8,557 | €6,320 | -€2,237 | -26.1% |
| Furniture and vehicles | 24 | €66,424 | €47,403 | -€19,021 | -28.6% |
| Current assets | 29/58 | €101,524 | €84,505 | -€17,019 | -16.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,337 | €32,712 | -€10,625 | -24.5% |
| Trade receivables | 40 | €18,655 | €28,266 | +€9,611 | +51.5% |
| Other amounts receivable | 41 | €24,682 | €4,446 | -€20,236 | -82.0% |
| Cash at bank and in hand | 54/58 | €6,977 | €310 | -€6,667 | -95.6% |
| Deferred charges and accrued income | 490/1 | €1,210 | €1,483 | +€273 | +22.6% |
| Total equity and liabilities | 10/49 | €374,479 | €325,145 | -€49,334 | -13.2% |
| Equity | 10/15 | €145,368 | €107,384 | -€37,984 | -26.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €129,984 | €109,138 | -€20,846 | -16.0% |
| Tax-exempt reserves | 132 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €115,484 | €94,638 | -€20,846 | -18.1% |
| Profit (loss) carried forward | 14 | €2,985 | -€14,154 | -€17,138 | |
| Amounts payable | 17/49 | €229,111 | €217,760 | -€11,350 | -5.0% |
| Amounts payable after more than one year | 17 | €193,571 | €171,180 | -€22,391 | -11.6% |
| Financial debts | 170/4 | €193,571 | €171,180 | -€22,391 | -11.6% |
| Amounts payable within one year | 42/48 | €35,540 | €46,580 | +€11,040 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €21,637 | €22,391 | +€754 | +3.5% |
| Trade debts | 44 | €3,406 | €614 | -€2,792 | -82.0% |
| Suppliers | 440/4 | €3,406 | €614 | -€2,792 | -82.0% |
| Taxes, remuneration and social security | 45 | €10,497 | €11,661 | +€1,164 | +11.1% |
| Taxes | 450/3 | €10,497 | €11,661 | +€1,164 | +11.1% |
| Other amounts payable | 47/48 | - | €11,915 | +€11,915 | |
| Non-recurring operating income | 76A | €4,500 | - | -€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,991 | €33,271 | +€4,280 | +14.8% |
| Other operating charges | 640/8 | €1,862 | €1,477 | -€385 | -20.7% |
| Gross operating margin | 9900 | €57,684 | €21,994 | -€35,690 | -61.9% |
| Operating profit (loss) | 9901 | €26,831 | -€12,755 | -€39,586 | |
| Financial income | 75/76B | €1,251 | €1,567 | +€316 | +25.2% |
| Recurring financial income | 75 | €1,251 | €1,567 | +€316 | +25.2% |
| Financial charges | 65/66B | €6,806 | €5,775 | -€1,031 | -15.2% |
| Recurring financial charges | 65 | €6,806 | €5,775 | -€1,031 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €21,276 | -€16,962 | -€38,238 | |
| Income taxes | 67/77 | €5,878 | €176 | -€5,702 | -97.0% |
| Profit (loss) for the period | 9904 | €15,398 | -€17,138 | -€32,536 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,398 | -€17,138 | -€32,536 |
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 12 October 2026 via checked.be.