IBEVA: 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.
IBEVA
Largest movements
- Cash +€49,614
up €49,614 (+40.2%), from €123,411 to €173,024
mainly Other debts (+€207,072) and Net result for the year (+€103,493)
- Current investments +€23,805
up €23,805 (+23.1%), from €102,925 to €126,731
- Tangible fixed assets -€20,106
down €20,106 (-29.8%), from €67,405 to €47,299
of which Furniture and vehicles: -€19,517
- Other debts +€207,072
up €207,072 (+541.1%), from €38,271 to €245,343
- Reserves -€168,004
down €168,004 (-61.7%), from €272,487 to €104,483
- Tax, wage and social debts +€13,316
up €13,316 (+80.1%), from €16,633 to €29,948
of which Taxes: +€11,816
- Gross operating margin -€35,687
down €35,687 (-19.6%), from €182,371 to €146,685
- Taxes -€8,446
down €8,446 (-22.6%), from €37,446 to €29,000
- Financial income +€7,123
up €7,123, from €0 to €7,123
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 | €332,276 | €382,855 | +€50,579 | +15.2% |
| Fixed assets | 21/28 | €67,405 | €47,299 | -€20,106 | -29.8% |
| Tangible fixed assets | 22/27 | €67,405 | €47,299 | -€20,106 | -29.8% |
| Furniture and vehicles | 24 | €63,025 | €43,508 | -€19,517 | -31.0% |
| Other tangible fixed assets | 26 | €4,380 | €3,791 | -€589 | -13.4% |
| Current assets | 29/58 | €264,871 | €335,556 | +€70,685 | +26.7% |
| Current investments | 50/53 | €102,925 | €126,731 | +€23,805 | +23.1% |
| Cash at bank and in hand | 54/58 | €123,411 | €173,024 | +€49,614 | +40.2% |
| Deferred charges and accrued income | 490/1 | €38,535 | €35,801 | -€2,734 | -7.1% |
| Total equity and liabilities | 10/49 | €332,276 | €382,855 | +€50,579 | +15.2% |
| Equity | 10/15 | €274,987 | €106,983 | -€168,004 | -61.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €272,487 | €104,483 | -€168,004 | -61.7% |
| Distributable reserves | 133 | €272,487 | €104,483 | -€168,004 | -61.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €57,289 | €275,872 | +€218,583 | +381.5% |
| Amounts payable within one year | 42/48 | €57,289 | €275,872 | +€218,583 | +381.5% |
| Trade debts | 44 | €2,386 | €581 | -€1,805 | -75.6% |
| Suppliers | 440/4 | €2,386 | €581 | -€1,805 | -75.6% |
| Taxes, remuneration and social security | 45 | €16,633 | €29,948 | +€13,316 | +80.1% |
| Taxes | 450/3 | €16,633 | €28,448 | +€11,816 | +71.0% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €38,271 | €245,343 | +€207,072 | +541.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,650 | €20,106 | -€544 | -2.6% |
| Other operating charges | 640/8 | €1,025 | €918 | -€107 | -10.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €182,371 | €146,685 | -€35,687 | -19.6% |
| Operating profit (loss) | 9901 | €160,696 | €125,661 | -€35,036 | -21.8% |
| Financial income | 75/76B | €0 | €7,123 | +€7,123 | |
| Recurring financial income | 75 | €0 | €7,123 | +€7,123 | |
| Financial charges | 65/66B | €247 | €291 | +€44 | +17.8% |
| Recurring financial charges | 65 | €247 | €291 | +€44 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €160,449 | €132,493 | -€27,956 | -17.4% |
| Income taxes | 67/77 | €37,446 | €29,000 | -€8,446 | -22.6% |
| Profit (loss) for the period | 9904 | €123,004 | €103,493 | -€19,510 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €123,004 | €103,493 | -€19,510 | -15.9% |
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 10 October 2026 via checked.be.