IBHive: 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.
IBHive
Largest movements
- Tangible fixed assets +€159,421
up €159,421 (+141%), from €113,451 to €272,872
of which Land and buildings: +€84,806
- Cash -€40,761
down €40,761 (-32.0%), from €127,252 to €86,492
mainly Investment in fixed assets (net) (-€195,782) and Contributions, distributions and other (-€40,000)
- Receivables within one year +€36,171
up €36,171 (+43.5%), from €83,087 to €119,258
of which Other amounts receivable: +€29,445
- Deferred charges and accrued income +€13,146
up €13,146 (+203%), from €6,477 to €19,623
- Debts after one year +€127,325
up €127,325 (+1,233%), from €10,330 to €137,655
- Current portion of long-term debt +€19,098
up €19,098 (+361%), from €5,290 to €24,388
- Other debts +€10,000
up €10,000 (+33.3%), from €30,000 to €40,000
- Gross operating margin +€31,704
up €31,704 (+13.2%), from €240,645 to €272,348
- Staff costs +€23,996
up €23,996 (+17.0%), from €140,809 to €164,805
- Depreciation +€10,387
up €10,387 (+40.0%), from €25,974 to €36,361
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 | €330,267 | €498,245 | +€167,978 | +50.9% |
| Fixed assets | 21/28 | €113,451 | €272,872 | +€159,421 | +141% |
| Tangible fixed assets | 22/27 | €113,451 | €272,872 | +€159,421 | +141% |
| Land and buildings | 22 | €64,421 | €149,226 | +€84,806 | +132% |
| Plant, machinery and equipment | 23 | €24,355 | €93,466 | +€69,111 | +284% |
| Furniture and vehicles | 24 | €24,675 | €30,180 | +€5,505 | +22.3% |
| Current assets | 29/58 | €216,816 | €225,373 | +€8,557 | +3.9% |
| Amounts receivable within one year | 40/41 | €83,087 | €119,258 | +€36,171 | +43.5% |
| Trade receivables | 40 | €37,308 | €44,034 | +€6,726 | +18.0% |
| Other amounts receivable | 41 | €45,780 | €75,225 | +€29,445 | +64.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €127,252 | €86,492 | -€40,761 | -32.0% |
| Deferred charges and accrued income | 490/1 | €6,477 | €19,623 | +€13,146 | +203% |
| Total equity and liabilities | 10/49 | €330,267 | €498,245 | +€167,978 | +50.9% |
| Equity | 10/15 | €235,119 | €236,147 | +€1,028 | +0.4% |
| Contributions | 10/11 | €52,300 | €52,300 | = | 0.0% |
| Reserves | 13 | €5,230 | €5,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,230 | €5,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,590 | €178,618 | +€1,028 | +0.6% |
| Amounts payable | 17/49 | €95,148 | €262,097 | +€166,950 | +175% |
| Amounts payable after more than one year | 17 | €10,330 | €137,655 | +€127,325 | +1,233% |
| Financial debts | 170/4 | €10,330 | €137,655 | +€127,325 | +1,233% |
| Amounts payable within one year | 42/48 | €79,978 | €116,390 | +€36,412 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €5,290 | €24,388 | +€19,098 | +361% |
| Trade debts | 44 | €14,036 | €16,757 | +€2,721 | +19.4% |
| Suppliers | 440/4 | €14,036 | €16,757 | +€2,721 | +19.4% |
| Taxes, remuneration and social security | 45 | €30,652 | €35,245 | +€4,592 | +15.0% |
| Taxes | 450/3 | €12,923 | €15,207 | +€2,284 | +17.7% |
| Remuneration and social security | 454/9 | €17,730 | €20,038 | +€2,308 | +13.0% |
| Other amounts payable | 47/48 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Accrued charges and deferred income | 492/3 | €4,839 | €8,052 | +€3,213 | +66.4% |
| Remuneration, social security and pensions | 62 | €140,809 | €164,805 | +€23,996 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,974 | €36,361 | +€10,387 | +40.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,629 | - | -€2,629 | |
| Other operating charges | 640/8 | €10,772 | €10,954 | +€183 | +1.7% |
| Non-recurring operating charges | 66A | €1,101 | - | -€1,101 | |
| Gross operating margin | 9900 | €240,645 | €272,348 | +€31,704 | +13.2% |
| Operating profit (loss) | 9901 | €59,359 | €60,228 | +€869 | +1.5% |
| Financial income | 75/76B | €174 | €360 | +€186 | +107% |
| Recurring financial income | 75 | €174 | €360 | +€186 | +107% |
| Financial charges | 65/66B | €1,096 | €3,194 | +€2,099 | +192% |
| Recurring financial charges | 65 | €1,096 | €3,194 | +€2,099 | +192% |
| Profit (loss) for the period before taxes | 9903 | €58,437 | €57,393 | -€1,044 | -1.8% |
| Income taxes | 67/77 | €16,872 | €16,365 | -€507 | -3.0% |
| Profit (loss) for the period | 9904 | €41,565 | €41,028 | -€537 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,565 | €41,028 | -€537 | -1.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.