IBG Security: 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.
IBG Security
Largest movements
- Receivables within one year -€136,962
down €136,962 (-36.2%), from €378,253 to €241,291
of which Trade receivables: -€137,405
- Cash +€77,732
up €77,732 (+20.4%), from €380,375 to €458,107
mainly Receivables within one year (+€136,962) and Net result for the year (+€102,276)
- Tangible fixed assets +€75,839
up €75,839 (+85.0%), from €89,239 to €165,078
of which Furniture and vehicles: +€77,588
- Profit (loss) carried forward +€42,258
up €42,258 (+18.8%), from €224,196 to €266,454
- Tax, wage and social debts -€33,009
down €33,009 (-32.3%), from €102,340 to €69,331
of which Taxes: -€34,542
- Trade debts -€16,969
down €16,969 (-41.2%), from €41,158 to €24,189
- Debts after one year +€12,368
up €12,368 (+121.7%), from €10,159 to €22,527
of which Financial debts: +€12,368
- Staff costs +€32,731
up €32,731 (+4.3%), from €766,304 to €799,034
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 | €931,759 | €941,960 | +€10,201 | +1.1% |
| Fixed assets | 21/28 | €92,149 | €167,988 | +€75,839 | +82.3% |
| Tangible fixed assets | 22/27 | €89,239 | €165,078 | +€75,839 | +85.0% |
| Land and buildings | 22 | €19,732 | €19,732 | = | 0.0% |
| Plant, machinery and equipment | 23 | €556 | €422 | -€134 | -24.0% |
| Furniture and vehicles | 24 | €62,152 | €139,740 | +€77,588 | +124.8% |
| Other tangible fixed assets | 26 | €6,799 | €5,184 | -€1,615 | -23.8% |
| Financial fixed assets | 28 | €2,910 | €2,910 | = | 0.0% |
| Current assets | 29/58 | €839,610 | €773,972 | -€65,638 | -7.8% |
| Stocks and contracts in progress | 3 | €69,564 | €66,577 | -€2,987 | -4.3% |
| Stocks | 30/36 | €69,564 | €66,577 | -€2,987 | -4.3% |
| Amounts receivable within one year | 40/41 | €378,253 | €241,291 | -€136,962 | -36.2% |
| Trade receivables | 40 | €303,256 | €165,852 | -€137,405 | -45.3% |
| Other amounts receivable | 41 | €74,997 | €75,440 | +€443 | +0.6% |
| Cash at bank and in hand | 54/58 | €380,375 | €458,107 | +€77,732 | +20.4% |
| Deferred charges and accrued income | 490/1 | €11,418 | €7,997 | -€3,421 | -30.0% |
| Total equity and liabilities | 10/49 | €931,759 | €941,960 | +€10,201 | +1.1% |
| Equity | 10/15 | €705,051 | €747,308 | +€42,258 | +6.0% |
| Contributions | 10/11 | €27,516 | €27,516 | = | 0.0% |
| Reserves | 13 | €453,339 | €453,339 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €450,240 | €450,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,196 | €266,454 | +€42,258 | +18.8% |
| Amounts payable | 17/49 | €226,708 | €194,652 | -€32,056 | -14.1% |
| Amounts payable after more than one year | 17 | €10,159 | €22,527 | +€12,368 | +121.7% |
| Financial debts | 170/4 | - | €12,368 | +€12,368 | |
| Other amounts payable | 178/9 | €10,159 | €10,159 | = | 0.0% |
| Amounts payable within one year | 42/48 | €205,240 | €161,747 | -€43,493 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,862 | +€4,862 | |
| Trade debts | 44 | €41,158 | €24,189 | -€16,969 | -41.2% |
| Suppliers | 440/4 | €41,158 | €24,189 | -€16,969 | -41.2% |
| Taxes, remuneration and social security | 45 | €102,340 | €69,331 | -€33,009 | -32.3% |
| Taxes | 450/3 | €42,873 | €8,332 | -€34,542 | -80.6% |
| Remuneration and social security | 454/9 | €59,467 | €60,999 | +€1,533 | +2.6% |
| Other amounts payable | 47/48 | €61,743 | €63,365 | +€1,622 | +2.6% |
| Accrued charges and deferred income | 492/3 | €11,308 | €10,377 | -€931 | -8.2% |
| Remuneration, social security and pensions | 62 | €766,304 | €799,034 | +€32,731 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,391 | €40,431 | +€4,041 | +11.1% |
| Other operating charges | 640/8 | €11,047 | €6,154 | -€4,893 | -44.3% |
| Gross operating margin | 9900 | €993,193 | €987,044 | -€6,149 | -0.6% |
| Operating profit (loss) | 9901 | €179,451 | €141,424 | -€38,028 | -21.2% |
| Financial income | 75/76B | €125 | €2,467 | +€2,342 | +1881.5% |
| Recurring financial income | 75 | €125 | €2,467 | +€2,342 | +1881.5% |
| Financial charges | 65/66B | €906 | €1,324 | +€419 | +46.3% |
| Recurring financial charges | 65 | €906 | €1,324 | +€419 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €178,670 | €142,566 | -€36,104 | -20.2% |
| Income taxes | 67/77 | €46,348 | €40,290 | -€6,058 | -13.1% |
| Profit (loss) for the period | 9904 | €132,322 | €102,276 | -€30,046 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €132,322 | €102,276 | -€30,046 | -22.7% |
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 9 October 2026 via checked.be.