IBEMAZZ: what changed
Two fiscal 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.
IBEMAZZ
Largest movements
- Cash +€24,505
up €24,505 (+152.6%), from €16,057 to €40,562
mainly Net result for the year (+€53,206) and Depreciation (+€1,966)
- Reserves +€53,206
up €53,206 (+47.4%), from €112,336 to €165,542
- Other debts -€25,309
down €25,309 (-28.7%), from €88,172 to €62,863
- Depreciation -€8,640
down €8,640 (-81.5%), from €10,605 to €1,966
- Gross operating margin -€3,832
down €3,832 (-4.4%), from €86,871 to €83,039
- Taxes +€1,542
up €1,542 (+6.6%), from €23,313 to €24,855
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 | €220,682 | €247,407 | +€26,725 | +12.1% |
| Fixed assets | 21/28 | €203,832 | €205,932 | +€2,100 | +1.0% |
| Tangible fixed assets | 22/27 | €203,832 | €205,932 | +€2,100 | +1.0% |
| Land and buildings | 22 | €203,832 | €205,932 | +€2,100 | +1.0% |
| Current assets | 29/58 | €16,850 | €41,475 | +€24,625 | +146.1% |
| Cash at bank and in hand | 54/58 | €16,057 | €40,562 | +€24,505 | +152.6% |
| Deferred charges and accrued income | 490/1 | €793 | €913 | +€120 | +15.1% |
| Total equity and liabilities | 10/49 | €220,682 | €247,407 | +€26,725 | +12.1% |
| Equity | 10/15 | €120,642 | €173,848 | +€53,206 | +44.1% |
| Contributions | 10/11 | €8,306 | €8,306 | = | 0.0% |
| Reserves | 13 | €112,336 | €165,542 | +€53,206 | +47.4% |
| Distributable reserves | 133 | €112,336 | €165,542 | +€53,206 | +47.4% |
| Amounts payable | 17/49 | €100,040 | €73,559 | -€26,481 | -26.5% |
| Amounts payable after more than one year | 17 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 170/4 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,040 | €68,559 | -€26,481 | -27.9% |
| Trade debts | 44 | €1,055 | €841 | -€214 | -20.3% |
| Suppliers | 440/4 | €1,055 | €841 | -€214 | -20.3% |
| Taxes, remuneration and social security | 45 | €5,813 | €4,855 | -€958 | -16.5% |
| Taxes | 450/3 | €5,813 | €4,855 | -€958 | -16.5% |
| Other amounts payable | 47/48 | €88,172 | €62,863 | -€25,309 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,605 | €1,966 | -€8,640 | -81.5% |
| Other operating charges | 640/8 | €2,425 | €2,429 | +€4 | +0.1% |
| Gross operating margin | 9900 | €86,871 | €83,039 | -€3,832 | -4.4% |
| Operating profit (loss) | 9901 | €73,841 | €78,645 | +€4,804 | +6.5% |
| Financial charges | 65/66B | €784 | €584 | -€200 | -25.5% |
| Recurring financial charges | 65 | €784 | €584 | -€200 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €73,057 | €78,061 | +€5,004 | +6.8% |
| Income taxes | 67/77 | €23,313 | €24,855 | +€1,542 | +6.6% |
| Profit (loss) for the period | 9904 | €49,744 | €53,206 | +€3,463 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,744 | €53,206 | +€3,463 | +7.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.