IBEL CLEAN: 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.
IBEL CLEAN
Largest movements
- Receivables within one year -€132,943
down €132,943 (-23.1%), from €574,570 to €441,627
of which Trade receivables: -€110,590
- Cash +€37,290
up €37,290 (+45.0%), from €82,850 to €120,141
mainly Net result for the year (+€141,218) and Receivables within one year (+€132,943)
- Profit (loss) carried forward -€244,497
down €244,497 (-69.0%), from €354,311 to €109,815
- Other debts +€97,591
new in 2025: €97,591
- Tax, wage and social debts +€26,784
up €26,784 (+39.4%), from €67,968 to €94,753
of which Taxes: +€45,754
- Current portion of long-term debt +€19,670
up €19,670 (+88.1%), from €22,331 to €42,001
- Debts after one year -€14,000
down €14,000 (-30.8%), from €45,398 to €31,398
- Gross operating margin -€144,550
down €144,550 (-24.5%), from €590,856 to €446,306
- Staff costs -€91,372
down €91,372 (-31.3%), from €292,231 to €200,860
- Taxes -€13,375
down €13,375 (-20.3%), from €65,875 to €52,500
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 | €840,367 | €737,113 | -€103,254 | -12.3% |
| Fixed assets | 21/28 | €178,126 | €175,041 | -€3,084 | -1.7% |
| Tangible fixed assets | 22/27 | €176,301 | €173,216 | -€3,084 | -1.7% |
| Furniture and vehicles | 24 | €174,979 | €172,335 | -€2,644 | -1.5% |
| Other tangible fixed assets | 26 | €1,322 | €881 | -€441 | -33.3% |
| Financial fixed assets | 28 | €1,825 | €1,825 | = | 0.0% |
| Current assets | 29/58 | €662,241 | €562,071 | -€100,170 | -15.1% |
| Amounts receivable within one year | 40/41 | €574,570 | €441,627 | -€132,943 | -23.1% |
| Trade receivables | 40 | €549,701 | €439,111 | -€110,590 | -20.1% |
| Other amounts receivable | 41 | €24,869 | €2,516 | -€22,354 | -89.9% |
| Cash at bank and in hand | 54/58 | €82,850 | €120,141 | +€37,290 | +45.0% |
| Deferred charges and accrued income | 490/1 | €4,821 | €304 | -€4,517 | -93.7% |
| Total equity and liabilities | 10/49 | €840,367 | €737,113 | -€103,254 | -12.3% |
| Equity | 10/15 | €374,771 | €130,275 | -€244,497 | -65.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €354,311 | €109,815 | -€244,497 | -69.0% |
| Amounts payable | 17/49 | €465,596 | €606,838 | +€141,242 | +30.3% |
| Amounts payable after more than one year | 17 | €45,398 | €31,398 | -€14,000 | -30.8% |
| Financial debts | 170/4 | €45,398 | €31,398 | -€14,000 | -30.8% |
| Amounts payable within one year | 42/48 | €420,198 | €575,440 | +€155,242 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €22,331 | €42,001 | +€19,670 | +88.1% |
| Trade debts | 44 | €329,899 | €341,095 | +€11,196 | +3.4% |
| Suppliers | 440/4 | €329,899 | €341,095 | +€11,196 | +3.4% |
| Taxes, remuneration and social security | 45 | €67,968 | €94,753 | +€26,784 | +39.4% |
| Taxes | 450/3 | €35,875 | €81,629 | +€45,754 | +128% |
| Remuneration and social security | 454/9 | €32,093 | €13,124 | -€18,969 | -59.1% |
| Other amounts payable | 47/48 | - | €97,591 | +€97,591 | |
| Remuneration, social security and pensions | 62 | €292,231 | €200,860 | -€91,372 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,921 | €46,968 | -€954 | -2.0% |
| Other operating charges | 640/8 | €7,428 | €1,790 | -€5,638 | -75.9% |
| Gross operating margin | 9900 | €590,856 | €446,306 | -€144,550 | -24.5% |
| Operating profit (loss) | 9901 | €243,276 | €196,689 | -€46,587 | -19.1% |
| Financial income | 75/76B | €3,457 | €1,224 | -€2,233 | -64.6% |
| Recurring financial income | 75 | €568 | €2 | -€566 | -99.6% |
| Non-recurring financial income | 76B | €2,889 | €1,222 | -€1,667 | -57.7% |
| Financial charges | 65/66B | €4,586 | €4,195 | -€391 | -8.5% |
| Recurring financial charges | 65 | €4,586 | €4,195 | -€391 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €242,147 | €193,718 | -€48,429 | -20.0% |
| Income taxes | 67/77 | €65,875 | €52,500 | -€13,375 | -20.3% |
| Profit (loss) for the period | 9904 | €176,271 | €141,218 | -€35,054 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €176,271 | €141,218 | -€35,054 | -19.9% |
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.