IbexCo.be: 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.
IbexCo.be
Largest movements
- Cash +€121,810
up €121,810 (+162%), from €75,404 to €197,214
mainly Net result for the year (+€77,284) and Receivables within one year (+€44,798)
- Receivables within one year -€44,798
down €44,798 (-76.8%), from €58,302 to €13,503
of which Trade receivables: -€50,037
- Tangible fixed assets +€8,014
up €8,014 (+156%), from €5,146 to €13,160
of which Land and buildings: +€7,011
- Reserves +€75,000
up €75,000 (+65.2%), from €115,000 to €190,000
- Current portion of long-term debt +€8,401
new in 2025: €8,401
- Gross operating margin -€66,010
down €66,010 (-39.2%), from €168,328 to €102,318
- Taxes -€16,491
down €16,491 (-45.3%), from €36,390 to €19,898
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 | €141,260 | €226,359 | +€85,099 | +60.2% |
| Fixed assets | 21/28 | €5,246 | €13,260 | +€8,014 | +153% |
| Tangible fixed assets | 22/27 | €5,146 | €13,160 | +€8,014 | +156% |
| Land and buildings | 22 | - | €7,011 | +€7,011 | |
| Furniture and vehicles | 24 | €5,146 | €6,149 | +€1,003 | +19.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €136,014 | €213,099 | +€77,085 | +56.7% |
| Amounts receivable within one year | 40/41 | €58,302 | €13,503 | -€44,798 | -76.8% |
| Trade receivables | 40 | €57,237 | €7,200 | -€50,037 | -87.4% |
| Other amounts receivable | 41 | €1,065 | €6,303 | +€5,238 | +492% |
| Cash at bank and in hand | 54/58 | €75,404 | €197,214 | +€121,810 | +162% |
| Deferred charges and accrued income | 490/1 | €2,309 | €2,382 | +€73 | +3.2% |
| Total equity and liabilities | 10/49 | €141,260 | €226,359 | +€85,099 | +60.2% |
| Equity | 10/15 | €130,768 | €207,052 | +€76,284 | +58.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €115,000 | €190,000 | +€75,000 | +65.2% |
| Distributable reserves | 133 | €115,000 | €190,000 | +€75,000 | +65.2% |
| Profit (loss) carried forward | 14 | €10,768 | €12,052 | +€1,284 | +11.9% |
| Amounts payable | 17/49 | €10,492 | €19,307 | +€8,815 | +84.0% |
| Amounts payable within one year | 42/48 | €10,492 | €19,307 | +€8,815 | +84.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,401 | +€8,401 | |
| Trade debts | 44 | €3,992 | €4,169 | +€177 | +4.4% |
| Suppliers | 440/4 | €3,992 | €4,169 | +€177 | +4.4% |
| Taxes, remuneration and social security | 45 | €629 | €200 | -€429 | -68.2% |
| Taxes | 450/3 | €629 | €200 | -€429 | -68.2% |
| Other amounts payable | 47/48 | €5,871 | €6,537 | +€666 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,433 | €2,838 | +€1,404 | +98.0% |
| Other operating charges | 640/8 | €97 | €62 | -€35 | -36.1% |
| Gross operating margin | 9900 | €168,328 | €102,318 | -€66,010 | -39.2% |
| Operating profit (loss) | 9901 | €166,798 | €99,418 | -€67,380 | -40.4% |
| Financial income | 75/76B | €368 | €232 | -€136 | -36.9% |
| Recurring financial income | 75 | €238 | €232 | -€5 | -2.2% |
| Non-recurring financial income | 76B | €130 | - | -€130 | |
| Financial charges | 65/66B | €4,008 | €2,468 | -€1,540 | -38.4% |
| Recurring financial charges | 65 | €4,008 | €2,468 | -€1,540 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €163,158 | €97,182 | -€65,976 | -40.4% |
| Income taxes | 67/77 | €36,390 | €19,898 | -€16,491 | -45.3% |
| Profit (loss) for the period | 9904 | €126,768 | €77,284 | -€49,484 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,768 | €77,284 | -€49,484 | -39.0% |
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 25 October 2026 via checked.be.