IBETOY: 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.
IBETOY
Largest movements
- Tangible fixed assets +€6,385
up €6,385 (+1264.4%), from €505 to €6,890
- Cash -€4,356
down €4,356 (-99.9%), from €4,360 to €4
mainly Other debts (-€22,613) and Investment in fixed assets (net) (-€9,105)
- Receivables within one year +€2,784
up €2,784 (+11.3%), from €24,646 to €27,430
of which Trade receivables: +€4,940
- Deferred charges and accrued income +€497
new in 2025: €497
- Profit (loss) carried forward +€23,297
up €23,297 (+6.9%), from -€335,241 to -€311,944
- Other debts -€22,613
down €22,613 (-11.5%), from €195,994 to €173,380
- Tax, wage and social debts +€3,068
up €3,068 (+3658.6%), from €84 to €3,152
- Trade debts +€1,559
up €1,559 (+124.7%), from €1,250 to €2,809
- Gross operating margin +€13,022
up €13,022 (+92.3%), from €14,111 to €27,133
- Depreciation +€2,129
up €2,129 (+360.6%), from €590 to €2,719
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 | €29,579 | €34,890 | +€5,311 | +18.0% |
| Fixed assets | 21/28 | €573 | €6,959 | +€6,385 | +1113.4% |
| Tangible fixed assets | 22/27 | €505 | €6,890 | +€6,385 | +1264.4% |
| Furniture and vehicles | 24 | €505 | €6,890 | +€6,385 | +1264.4% |
| Financial fixed assets | 28 | €68 | €68 | = | 0.0% |
| Current assets | 29/58 | €29,006 | €27,931 | -€1,074 | -3.7% |
| Amounts receivable within one year | 40/41 | €24,646 | €27,430 | +€2,784 | +11.3% |
| Trade receivables | 40 | €22,486 | €27,426 | +€4,940 | +22.0% |
| Other amounts receivable | 41 | €2,160 | €5 | -€2,156 | -99.8% |
| Cash at bank and in hand | 54/58 | €4,360 | €4 | -€4,356 | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €497 | +€497 | |
| Total equity and liabilities | 10/49 | €29,579 | €34,890 | +€5,311 | +18.0% |
| Equity | 10/15 | -€289,606 | -€266,309 | +€23,297 | +8.0% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €2,035 | €2,035 | = | 0.0% |
| Tax-exempt reserves | 132 | €175 | €175 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€335,241 | -€311,944 | +€23,297 | +6.9% |
| Amounts payable | 17/49 | €319,185 | €301,199 | -€17,986 | -5.6% |
| Amounts payable after more than one year | 17 | €121,858 | €121,858 | = | 0.0% |
| Financial debts | 170/4 | €121,858 | €121,858 | = | 0.0% |
| Amounts payable within one year | 42/48 | €197,328 | €179,342 | -€17,986 | -9.1% |
| Trade debts | 44 | €1,250 | €2,809 | +€1,559 | +124.7% |
| Suppliers | 440/4 | €1,250 | €2,809 | +€1,559 | +124.7% |
| Taxes, remuneration and social security | 45 | €84 | €3,152 | +€3,068 | +3658.6% |
| Taxes | 450/3 | €84 | €3,152 | +€3,068 | +3658.6% |
| Other amounts payable | 47/48 | €195,994 | €173,380 | -€22,613 | -11.5% |
| Non-recurring operating income | 76A | €2,590 | - | -€2,590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590 | €2,719 | +€2,129 | +360.6% |
| Other operating charges | 640/8 | €670 | €869 | +€199 | +29.7% |
| Non-recurring operating charges | 66A | - | €18 | +€18 | |
| Gross operating margin | 9900 | €14,111 | €27,133 | +€13,022 | +92.3% |
| Operating profit (loss) | 9901 | €12,850 | €23,526 | +€10,676 | +83.1% |
| Financial charges | 65/66B | €90 | €97 | +€7 | +7.5% |
| Recurring financial charges | 65 | €90 | €97 | +€7 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €12,760 | €23,429 | +€10,669 | +83.6% |
| Income taxes | 67/77 | €84 | €132 | +€48 | +57.5% |
| Profit (loss) for the period | 9904 | €12,676 | €23,297 | +€10,620 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,676 | €23,297 | +€10,620 | +83.8% |
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 3 October 2026 via checked.be.