IBET: 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.
IBET
Largest movements
- Tangible fixed assets -€45,916
down €45,916 (-3.4%), from €1.3m to €1.3m
of which Land and buildings: -€38,232
- Cash +€30,011
up €30,011 (+38.4%), from €78,195 to €108,206
mainly Depreciation (+€45,916) and Other debts (+€314)
- Profit (loss) carried forward -€15,316
down €15,316 (-4.7%), from -€327,534 to -€342,849
- Gross operating margin -€2,216
down €2,216 (-5.1%), from €43,548 to €41,332
- Depreciation -€556
down €556 (-1.2%), from €46,472 to €45,916
- Other operating charges -€510
down €510 (-4.6%), from €11,094 to €10,584
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 | €1,414,479 | €1,398,601 | -€15,878 | -1.1% |
| Fixed assets | 21/28 | €1,334,181 | €1,288,265 | -€45,916 | -3.4% |
| Tangible fixed assets | 22/27 | €1,334,181 | €1,288,265 | -€45,916 | -3.4% |
| Land and buildings | 22 | €1,179,884 | €1,141,653 | -€38,232 | -3.2% |
| Other tangible fixed assets | 26 | €154,296 | €146,612 | -€7,684 | -5.0% |
| Current assets | 29/58 | €80,298 | €110,336 | +€30,038 | +37.4% |
| Amounts receivable within one year | 40/41 | €914 | €815 | -€99 | -10.9% |
| Trade receivables | 40 | €850 | €336 | -€514 | -60.4% |
| Other amounts receivable | 41 | €64 | €479 | +€414 | +643% |
| Cash at bank and in hand | 54/58 | €78,195 | €108,206 | +€30,011 | +38.4% |
| Deferred charges and accrued income | 490/1 | €1,189 | €1,315 | +€126 | +10.6% |
| Total equity and liabilities | 10/49 | €1,414,479 | €1,398,601 | -€15,878 | -1.1% |
| Equity | 10/15 | €722,366 | €707,051 | -€15,316 | -2.1% |
| Contributions | 10/11 | €1,049,900 | €1,049,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,534 | -€342,849 | -€15,316 | -4.7% |
| Amounts payable | 17/49 | €692,112 | €691,550 | -€562 | -0.1% |
| Amounts payable within one year | 42/48 | €692,112 | €691,550 | -€562 | -0.1% |
| Trade debts | 44 | €1,289 | €1,048 | -€242 | -18.7% |
| Suppliers | 440/4 | €1,289 | €1,048 | -€242 | -18.7% |
| Advances received on contracts in progress | 46 | €4,545 | €3,910 | -€635 | -14.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €686,278 | €686,593 | +€314 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,472 | €45,916 | -€556 | -1.2% |
| Other operating charges | 640/8 | €11,094 | €10,584 | -€510 | -4.6% |
| Gross operating margin | 9900 | €43,548 | €41,332 | -€2,216 | -5.1% |
| Operating profit (loss) | 9901 | -€14,018 | -€15,168 | -€1,150 | -8.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €133 | €148 | +€15 | +11.5% |
| Recurring financial charges | 65 | €133 | €148 | +€15 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,150 | -€15,316 | -€1,166 | -8.2% |
| Profit (loss) for the period | 9904 | -€14,150 | -€15,316 | -€1,166 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,150 | -€15,316 | -€1,166 | -8.2% |
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 23 October 2026 via checked.be.