IBEFRA: 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.
IBEFRA
Largest movements
- Receivables within one year -€115,469
down €115,469 (-71.9%), from €160,609 to €45,140
- Reserves +€228,283
up €228,283 (+8.5%), from €2.7m to €2.9m
- Debts after one year -€214,263
down €214,263 (-24.7%), from €867,268 to €653,005
- Other debts -€128,344
down €128,344 (-48.6%), from €263,990 to €135,646
- Financial charges -€2,623
down €2,623 (-13.6%), from €19,306 to €16,684
- Financial income -€818
down €818 (-0.3%), from €250,818 to €250,000
- Other operating charges +€254
up €254, from €0 to €254
- Gross operating margin -€49
down €49 (-1.0%), from -€4,731 to -€4,779
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 | €4,289,793 | €4,170,793 | -€119,001 | -2.8% |
| Fixed assets | 21/28 | €4,000,000 | €4,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,000,000 | €4,000,000 | = | 0.0% |
| Current assets | 29/58 | €289,793 | €170,793 | -€119,001 | -41.1% |
| Amounts receivable within one year | 40/41 | €160,609 | €45,140 | -€115,469 | -71.9% |
| Other amounts receivable | 41 | €160,609 | €45,140 | -€115,469 | -71.9% |
| Cash at bank and in hand | 54/58 | €129,184 | €125,652 | -€3,532 | -2.7% |
| Total equity and liabilities | 10/49 | €4,289,793 | €4,170,793 | -€119,001 | -2.8% |
| Equity | 10/15 | €2,927,335 | €3,155,618 | +€228,283 | +7.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €2,677,335 | €2,905,618 | +€228,283 | +8.5% |
| Distributable reserves | 133 | €2,677,335 | €2,905,618 | +€228,283 | +8.5% |
| Amounts payable | 17/49 | €1,362,459 | €1,015,175 | -€347,284 | -25.5% |
| Amounts payable after more than one year | 17 | €867,268 | €653,005 | -€214,263 | -24.7% |
| Financial debts | 170/4 | €867,268 | €653,005 | -€214,263 | -24.7% |
| Amounts payable within one year | 42/48 | €476,548 | €349,909 | -€126,640 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €212,559 | €214,263 | +€1,704 | +0.8% |
| Other amounts payable | 47/48 | €263,990 | €135,646 | -€128,344 | -48.6% |
| Accrued charges and deferred income | 492/3 | €18,643 | €12,262 | -€6,381 | -34.2% |
| Other operating charges | 640/8 | €0 | €254 | +€254 | |
| Gross operating margin | 9900 | -€4,731 | -€4,779 | -€49 | -1.0% |
| Operating profit (loss) | 9901 | -€4,731 | -€5,033 | -€303 | -6.4% |
| Financial income | 75/76B | €250,818 | €250,000 | -€818 | -0.3% |
| Recurring financial income | 75 | €250,818 | €250,000 | -€818 | -0.3% |
| Financial charges | 65/66B | €19,306 | €16,684 | -€2,623 | -13.6% |
| Recurring financial charges | 65 | €19,306 | €16,684 | -€2,623 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €226,781 | €228,283 | +€1,502 | +0.7% |
| Profit (loss) for the period | 9904 | €226,781 | €228,283 | +€1,502 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €226,781 | €228,283 | +€1,502 | +0.7% |
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 10 October 2026 via checked.be.