IBGraf Business Solutions: what changed
What changed
IBGraf Business Solutions
NACE 46.500, Wholesale of information and communication equipment
filed annual accounts (NBB)
Net result for the year
€410,710
2024 · €222,927+€187,784
Equity
€232,084
2024 · €232,093-€10
Cash
€685,216
2024 · €367,915+€317,301
Balance sheet total
€2.8m
2024 · €2.1m+€628,701
Largest movements
Assets
- Receivables after one year +€400,000
new in 2025: €400,000
- Cash +€317,301
up €317,301 (+86.2%), from €367,915 to €685,216
mainly Net result for the year (+€410,710) and Trade debts (+€211,368)
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Deferred charges and accrued income +€94,705
up €94,705 (+23.6%), from €400,896 to €495,601
- Tangible fixed assets -€40,059
down €40,059 (-38.9%), from €103,056 to €62,997
of which Furniture and vehicles: -€28,081
Equity and liabilities
- Trade debts +€211,368
up €211,368 (+53.4%), from €396,018 to €607,386
- Other debts +€187,680
up €187,680 (+84.1%), from €223,040 to €410,720
- Accrued charges and deferred income +€156,891
up €156,891 (+15.2%), from €1.0m to €1.2m
- Tax, wage and social debts +€98,368
up €98,368 (+61.0%), from €161,348 to €259,716
of which Taxes: +€52,262
Income statement
- Write-downs -€231,674
down €231,674, from €84,834 to -€146,840
- Gross operating margin +€197,357
up €197,357 (+19.8%), from €995,692 to €1.2m
- Staff costs +€186,344
up €186,344 (+33.1%), from €563,707 to €750,051
- Taxes +€67,804
up €67,804 (+77.7%), from €87,215 to €155,019
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€222,927
Gross operating margin
+€197,357
Staff costs
-€186,344
Depreciation
+€8,071
Write-downs
+€231,674
Other operating charges
-€1,293
Other operating items
+€9,132
Financial income
-€2,117
Financial charges
-€891
Taxes
-€67,804
Result 2025
€410,710
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€612,846
Investment
+€140,772
Financing
-€436,317
Cash 2024
€367,915
From operations (derived)
+€612,846
Net result for the year
+€410,710
Depreciation
+€44,637
Receivables after one year
-€400,000
Stocks and contracts
+€598
Receivables within one year
-€2,703
Deferred charges and accrued income
-€94,705
Trade debts
+€211,368
Tax, wage and social debts
+€98,368
Other debts
+€187,680
Accrued charges and deferred income
+€156,891
Investment (derived)
+€140,772
Investment in fixed assets (net)
-€9,228
Current investments
+€150,000
Financing
-€436,317
Debts after one year
-€24,161
Current portion of long-term debt
-€1,436
Contributions, distributions and other
-€410,720
Cash 2025
€685,216
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,141,050 | €2,769,751 | +€628,701 | +29.4% |
| Fixed assets | 21/28 | €107,286 | €71,877 | -€35,409 | -33.0% |
| Tangible fixed assets | 22/27 | €103,056 | €62,997 | -€40,059 | -38.9% |
| Land and buildings | 22 | €90 | - | -€90 | |
| Plant, machinery and equipment | 23 | €13,486 | €1,598 | -€11,889 | -88.2% |
| Furniture and vehicles | 24 | €89,480 | €61,399 | -€28,081 | -31.4% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €4,230 | €8,880 | +€4,650 | +110% |
| Current assets | 29/58 | €2,033,764 | €2,697,874 | +€664,110 | +32.7% |
| Amounts receivable after more than one year | 29 | - | €400,000 | +€400,000 | |
| Other amounts receivable | 291 | - | €400,000 | +€400,000 | |
| Stocks and contracts in progress | 3 | €2,093 | €1,495 | -€598 | -28.6% |
| Stocks | 30/36 | €2,093 | €1,495 | -€598 | -28.6% |
| Amounts receivable within one year | 40/41 | €1,112,860 | €1,115,563 | +€2,703 | +0.2% |
| Trade receivables | 40 | €684,638 | €1,115,397 | +€430,758 | +62.9% |
| Other amounts receivable | 41 | €428,222 | €166 | -€428,056 | -100.0% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €367,915 | €685,216 | +€317,301 | +86.2% |
| Deferred charges and accrued income | 490/1 | €400,896 | €495,601 | +€94,705 | +23.6% |
| Total equity and liabilities | 10/49 | €2,141,050 | €2,769,751 | +€628,701 | +29.4% |
| Equity | 10/15 | €232,093 | €232,084 | -€10 | 0.0% |
| Contributions | 10/11 | €62,200 | €62,200 | = | 0.0% |
| Capital | 10 | €62,200 | €62,200 | = | 0.0% |
| Issued capital | 100 | €62,200 | €62,200 | = | 0.0% |
| Reserves | 13 | €106,020 | €106,020 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,220 | €6,220 | = | 0.0% |
| Legal reserve | 130 | €6,220 | €6,220 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €99,800 | €99,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,873 | €63,864 | -€10 | 0.0% |
| Amounts payable | 17/49 | €1,908,957 | €2,537,667 | +€628,711 | +32.9% |
| Amounts payable after more than one year | 17 | €67,875 | €43,714 | -€24,161 | -35.6% |
| Financial debts | 170/4 | €67,875 | €43,714 | -€24,161 | -35.6% |
| Amounts payable within one year | 42/48 | €806,004 | €1,301,984 | +€495,980 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €25,597 | €24,161 | -€1,436 | -5.6% |
| Trade debts | 44 | €396,018 | €607,386 | +€211,368 | +53.4% |
| Suppliers | 440/4 | €396,018 | €607,386 | +€211,368 | +53.4% |
| Taxes, remuneration and social security | 45 | €161,348 | €259,716 | +€98,368 | +61.0% |
| Taxes | 450/3 | €69,714 | €121,976 | +€52,262 | +75.0% |
| Remuneration and social security | 454/9 | €91,634 | €137,740 | +€46,106 | +50.3% |
| Other amounts payable | 47/48 | €223,040 | €410,720 | +€187,680 | +84.1% |
| Accrued charges and deferred income | 492/3 | €1,035,078 | €1,191,970 | +€156,891 | +15.2% |
| Non-recurring operating income | 76A | €5,776 | - | -€5,776 | |
| Remuneration, social security and pensions | 62 | €563,707 | €750,051 | +€186,344 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,708 | €44,637 | -€8,071 | -15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €84,834 | -€146,840 | -€231,674 | |
| Other operating charges | 640/8 | €4,105 | €5,398 | +€1,293 | +31.5% |
| Non-recurring operating charges | 66A | €9,132 | - | -€9,132 | |
| Gross operating margin | 9900 | €995,692 | €1,193,049 | +€197,357 | +19.8% |
| Operating profit (loss) | 9901 | €281,206 | €539,802 | +€258,596 | +92.0% |
| Financial income | 75/76B | €35,986 | €33,869 | -€2,117 | -5.9% |
| Recurring financial income | 75 | €35,986 | €32,403 | -€3,583 | -10.0% |
| Non-recurring financial income | 76B | - | €1,466 | +€1,466 | |
| Financial charges | 65/66B | €7,051 | €7,942 | +€891 | +12.6% |
| Recurring financial charges | 65 | €7,051 | €6,019 | -€1,031 | -14.6% |
| Non-recurring financial charges | 66B | - | €1,923 | +€1,923 | |
| Profit (loss) for the period before taxes | 9903 | €310,142 | €565,730 | +€255,588 | +82.4% |
| Income taxes | 67/77 | €87,215 | €155,019 | +€67,804 | +77.7% |
| Profit (loss) for the period | 9904 | €222,927 | €410,710 | +€187,784 | +84.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €222,927 | €410,710 | +€187,784 | +84.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.