IBEX EXPLORE: 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.
IBEX EXPLORE
Largest movements
- Cash +€54,901
up €54,901 (+532.1%), from €10,318 to €65,220
mainly Net result for the year (+€33,825) and Other debts (+€25,000)
- Receivables within one year +€8,917
up €8,917 (+16.3%), from €54,610 to €63,527
of which Other amounts receivable: +€25,522
- Tangible fixed assets +€2,054
up €2,054 (+77.8%), from €2,639 to €4,694
of which Plant, machinery and equipment: +€2,582
- Other debts +€25,000
new in 2025: €25,000
- Trade debts +€23,121
up €23,121 (+191084.6%), from €12 to €23,133
- Tax, wage and social debts +€8,926
up €8,926 (+219.1%), from €4,074 to €13,000
of which Taxes: +€10,000
- Profit (loss) carried forward +€8,825
up €8,825 (+11.5%), from €76,626 to €85,452
- Taxes -€5,112
down €5,112 (-33.8%), from €15,112 to €10,000
- Gross operating margin +€2,183
up €2,183 (+5.1%), from €42,863 to €45,046
- Other operating charges -€804
down €804 (-76.0%), from €1,059 to €254
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 | €82,568 | €148,440 | +€65,872 | +79.8% |
| Fixed assets | 21/28 | €6,839 | €8,894 | +€2,054 | +30.0% |
| Tangible fixed assets | 22/27 | €2,639 | €4,694 | +€2,054 | +77.8% |
| Plant, machinery and equipment | 23 | - | €2,582 | +€2,582 | |
| Furniture and vehicles | 24 | €2,639 | €2,111 | -€528 | -20.0% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €75,729 | €139,546 | +€63,818 | +84.3% |
| Stocks and contracts in progress | 3 | €10,800 | €10,800 | = | 0.0% |
| Stocks | 30/36 | €10,800 | €10,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,610 | €63,527 | +€8,917 | +16.3% |
| Trade receivables | 40 | €49,973 | €33,368 | -€16,605 | -33.2% |
| Other amounts receivable | 41 | €4,637 | €30,159 | +€25,522 | +550.4% |
| Cash at bank and in hand | 54/58 | €10,318 | €65,220 | +€54,901 | +532.1% |
| Total equity and liabilities | 10/49 | €82,568 | €148,440 | +€65,872 | +79.8% |
| Equity | 10/15 | €78,481 | €87,307 | +€8,825 | +11.2% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,626 | €85,452 | +€8,825 | +11.5% |
| Amounts payable | 17/49 | €4,086 | €61,133 | +€57,047 | +1396.0% |
| Amounts payable within one year | 42/48 | €4,086 | €61,133 | +€57,047 | +1396.0% |
| Trade debts | 44 | €12 | €23,133 | +€23,121 | +191084.6% |
| Suppliers | 440/4 | €12 | €23,133 | +€23,121 | +191084.6% |
| Taxes, remuneration and social security | 45 | €4,074 | €13,000 | +€8,926 | +219.1% |
| Taxes | 450/3 | €3,000 | €13,000 | +€10,000 | +333.3% |
| Remuneration and social security | 454/9 | €1,074 | - | -€1,074 | |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,347 | €921 | -€426 | -31.6% |
| Other operating charges | 640/8 | €1,059 | €254 | -€804 | -76.0% |
| Gross operating margin | 9900 | €42,863 | €45,046 | +€2,183 | +5.1% |
| Operating profit (loss) | 9901 | €40,457 | €43,871 | +€3,414 | +8.4% |
| Financial income | 75/76B | €14 | €29 | +€16 | +112.7% |
| Recurring financial income | 75 | €14 | €29 | +€16 | +112.7% |
| Financial charges | 65/66B | €59 | €75 | +€16 | +26.7% |
| Recurring financial charges | 65 | €59 | €75 | +€16 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €40,412 | €43,825 | +€3,413 | +8.4% |
| Income taxes | 67/77 | €15,112 | €10,000 | -€5,112 | -33.8% |
| Profit (loss) for the period | 9904 | €25,300 | €33,825 | +€8,525 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,300 | €33,825 | +€8,525 | +33.7% |
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.