IBERTRADE: 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.
IBERTRADE
Largest movements
- Cash -€296,063
down €296,063 (-32.8%), from €901,389 to €605,326
mainly Investment in fixed assets (net) (-€257,755) and Trade debts (-€96,838)
- Tangible fixed assets +€176,578
up €176,578 (+20.7%), from €853,456 to €1.0m
of which Furniture and vehicles: +€145,916
- Receivables within one year -€45,489
down €45,489 (-67.9%), from €66,972 to €21,483
of which Trade receivables: -€53,584
- Trade debts -€96,838
down €96,838 (-93.5%), from €103,543 to €6,705
- Reserves -€80,758
down €80,758 (-12.2%), from €663,229 to €582,471
of which Distributable reserves: -€78,724
- Tax, wage and social debts +€33,292
up €33,292 (+7972.7%), from €418 to €33,710
- Gross operating margin -€473,987
down €473,987 (-95.7%), from €495,257 to €21,270
- Taxes -€62,238
down €62,238 (-100.0%), from €62,238 to €0
- Depreciation +€21,960
up €21,960 (+37.1%), from €59,218 to €81,178
- Financial income +€10,213
up €10,213 (+80.1%), from €12,752 to €22,965
- Other operating charges +€5,444
up €5,444 (+18.2%), from €29,882 to €35,326
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 | €2,092,245 | €1,927,770 | -€164,475 | -7.9% |
| Fixed assets | 21/28 | €853,506 | €1,030,084 | +€176,578 | +20.7% |
| Tangible fixed assets | 22/27 | €853,456 | €1,030,034 | +€176,578 | +20.7% |
| Land and buildings | 22 | €852,205 | €883,049 | +€30,844 | +3.6% |
| Plant, machinery and equipment | 23 | €182 | €0 | -€182 | -100.0% |
| Furniture and vehicles | 24 | €1,069 | €146,985 | +€145,916 | +13644.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,238,739 | €897,686 | -€341,053 | -27.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €66,972 | €21,483 | -€45,489 | -67.9% |
| Trade receivables | 40 | €56,976 | €3,392 | -€53,584 | -94.0% |
| Other amounts receivable | 41 | €9,996 | €18,091 | +€8,095 | +81.0% |
| Current investments | 50/53 | €258,172 | €264,269 | +€6,098 | +2.4% |
| Cash at bank and in hand | 54/58 | €901,389 | €605,326 | -€296,063 | -32.8% |
| Deferred charges and accrued income | 490/1 | €12,206 | €6,608 | -€5,598 | -45.9% |
| Total equity and liabilities | 10/49 | €2,092,245 | €1,927,770 | -€164,475 | -7.9% |
| Equity | 10/15 | €1,768,490 | €1,687,732 | -€80,758 | -4.6% |
| Contributions | 10/11 | €1,105,261 | €1,105,261 | = | 0.0% |
| Capital | 10 | €1,105,261 | €1,105,261 | = | 0.0% |
| Issued capital | 100 | €1,105,261 | €1,105,261 | = | 0.0% |
| Reserves | 13 | €663,229 | €582,471 | -€80,758 | -12.2% |
| Non-distributable reserves | 130/1 | €111,222 | €111,222 | = | 0.0% |
| Legal reserve | 130 | €110,526 | €110,526 | = | 0.0% |
| Other | 1319 | €696 | €696 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,239 | €32,205 | -€2,034 | -5.9% |
| Distributable reserves | 133 | €517,768 | €439,044 | -€78,724 | -15.2% |
| Provisions and deferred taxes | 16 | €20,952 | €19,708 | -€1,245 | -5.9% |
| Deferred taxes | 168 | €20,952 | €19,708 | -€1,245 | -5.9% |
| Amounts payable | 17/49 | €302,802 | €220,330 | -€82,472 | -27.2% |
| Amounts payable after more than one year | 17 | €115,008 | €97,179 | -€17,829 | -15.5% |
| Financial debts | 170/4 | €115,008 | €97,179 | -€17,829 | -15.5% |
| Amounts payable within one year | 42/48 | €187,444 | €122,206 | -€65,238 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €17,617 | €17,829 | +€212 | +1.2% |
| Financial debts | 43 | €329 | €0 | -€329 | -100.0% |
| Credit institutions | 430/8 | €329 | €0 | -€329 | -100.0% |
| Trade debts | 44 | €103,543 | €6,705 | -€96,838 | -93.5% |
| Suppliers | 440/4 | €103,543 | €6,705 | -€96,838 | -93.5% |
| Taxes, remuneration and social security | 45 | €418 | €33,710 | +€33,292 | +7972.7% |
| Taxes | 450/3 | €418 | €33,710 | +€33,292 | +7972.7% |
| Other amounts payable | 47/48 | €65,538 | €63,962 | -€1,575 | -2.4% |
| Accrued charges and deferred income | 492/3 | €350 | €945 | +€595 | +170.0% |
| Non-recurring operating income | 76A | €406,003 | €0 | -€406,003 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,218 | €81,178 | +€21,960 | +37.1% |
| Other operating charges | 640/8 | €29,882 | €35,326 | +€5,444 | +18.2% |
| Gross operating margin | 9900 | €495,257 | €21,270 | -€473,987 | -95.7% |
| Operating profit (loss) | 9901 | €406,158 | -€95,234 | -€501,392 | |
| Financial income | 75/76B | €12,752 | €22,965 | +€10,213 | +80.1% |
| Recurring financial income | 75 | €12,752 | €22,965 | +€10,213 | +80.1% |
| Financial charges | 65/66B | €5,226 | €9,734 | +€4,508 | +86.2% |
| Recurring financial charges | 65 | €5,226 | €9,734 | +€4,508 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | €413,683 | -€82,003 | -€495,686 | |
| Transfer from deferred taxes | 780 | €1,245 | €1,245 | = | 0.0% |
| Income taxes | 67/77 | €62,238 | €0 | -€62,238 | -100.0% |
| Profit (loss) for the period | 9904 | €352,690 | -€80,758 | -€433,449 | |
| Transfer from tax-exempt reserves | 789 | €2,034 | €2,034 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €354,725 | -€78,724 | -€433,449 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.