IBIC: 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.
IBIC
Largest movements
- Receivables within one year +€90,028
up €90,028 (+9.4%), from €956,615 to €1.0m
of which Trade receivables: +€137,290
- Stocks and contracts +€55,244
up €55,244 (+4.6%), from €1.2m to €1.3m
of which Contracts in progress: +€97,605
- Intangible fixed assets -€50,780
down €50,780 (-36.5%), from €139,050 to €88,271
- Cash -€31,948
down €31,948 (-86.4%), from €36,988 to €5,040
mainly Other debts (-€92,000) and Receivables within one year (-€90,028)
- Trade debts +€208,574
up €208,574 (+41.4%), from €503,670 to €712,244
- Other debts -€92,000
down €92,000 (-3.8%), from €2.4m to €2.3m
- Profit (loss) carried forward -€88,594
down €88,594 (-5.7%), from -€1.6m to -€1.6m
- Tax, wage and social debts +€26,735
up €26,735 (+35.8%), from €74,604 to €101,340
of which Remuneration and social security: +€36,890
- Gross operating margin +€429,229
up €429,229 (+54.6%), from €786,512 to €1.2m
- Staff costs +€153,991
up €153,991 (+15.9%), from €968,940 to €1.1m
- Write-downs +€12,801
up €12,801 (+478.1%), from €2,677 to €15,478
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 | €2,424,336 | €2,479,052 | +€54,716 | +2.3% |
| Fixed assets | 21/28 | €216,290 | €157,294 | -€58,996 | -27.3% |
| Intangible fixed assets | 21 | €139,050 | €88,271 | -€50,780 | -36.5% |
| Tangible fixed assets | 22/27 | €65,449 | €57,232 | -€8,217 | -12.6% |
| Plant, machinery and equipment | 23 | €17,444 | €15,556 | -€1,888 | -10.8% |
| Furniture and vehicles | 24 | €42,727 | €36,179 | -€6,547 | -15.3% |
| Other tangible fixed assets | 26 | €5,278 | €5,497 | +€219 | +4.1% |
| Financial fixed assets | 28 | €11,791 | €11,791 | = | 0.0% |
| Current assets | 29/58 | €2,208,046 | €2,321,758 | +€113,712 | +5.1% |
| Stocks and contracts in progress | 3 | €1,203,921 | €1,259,165 | +€55,244 | +4.6% |
| Stocks | 30/36 | €399,249 | €356,887 | -€42,361 | -10.6% |
| Contracts in progress | 37 | €804,673 | €902,277 | +€97,605 | +12.1% |
| Amounts receivable within one year | 40/41 | €956,615 | €1,046,643 | +€90,028 | +9.4% |
| Trade receivables | 40 | €909,354 | €1,046,643 | +€137,290 | +15.1% |
| Other amounts receivable | 41 | €47,261 | - | -€47,261 | |
| Cash at bank and in hand | 54/58 | €36,988 | €5,040 | -€31,948 | -86.4% |
| Deferred charges and accrued income | 490/1 | €10,522 | €10,910 | +€388 | +3.7% |
| Total equity and liabilities | 10/49 | €2,424,336 | €2,479,052 | +€54,716 | +2.3% |
| Equity | 10/15 | -€593,938 | -€682,532 | -€88,594 | -14.9% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €881,898 | €881,898 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €836,398 | €836,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,555,837 | -€1,644,430 | -€88,594 | -5.7% |
| Amounts payable | 17/49 | €3,018,274 | €3,161,584 | +€143,309 | +4.7% |
| Amounts payable within one year | 42/48 | €3,018,274 | €3,161,584 | +€143,309 | +4.7% |
| Trade debts | 44 | €503,670 | €712,244 | +€208,574 | +41.4% |
| Suppliers | 440/4 | €503,670 | €712,244 | +€208,574 | +41.4% |
| Taxes, remuneration and social security | 45 | €74,604 | €101,340 | +€26,735 | +35.8% |
| Taxes | 450/3 | €26,523 | €16,369 | -€10,154 | -38.3% |
| Remuneration and social security | 454/9 | €48,082 | €84,971 | +€36,890 | +76.7% |
| Other amounts payable | 47/48 | €2,440,000 | €2,348,000 | -€92,000 | -3.8% |
| Remuneration, social security and pensions | 62 | €968,940 | €1,122,931 | +€153,991 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,019 | €71,088 | +€69 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,677 | €15,478 | +€12,801 | +478.1% |
| Other operating charges | 640/8 | €622 | €705 | +€83 | +13.4% |
| Gross operating margin | 9900 | €786,512 | €1,215,741 | +€429,229 | +54.6% |
| Operating profit (loss) | 9901 | -€256,747 | €5,538 | +€262,285 | |
| Financial income | 75/76B | €7,152 | €16,383 | +€9,231 | +129.1% |
| Recurring financial income | 75 | €7,152 | €16,383 | +€9,231 | +129.1% |
| Financial charges | 65/66B | €115,172 | €108,697 | -€6,475 | -5.6% |
| Recurring financial charges | 65 | €115,172 | €108,697 | -€6,475 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€364,767 | -€86,776 | +€277,991 | +76.2% |
| Income taxes | 67/77 | €1,590 | €1,818 | +€228 | +14.3% |
| Profit (loss) for the period | 9904 | -€366,357 | -€88,594 | +€277,763 | +75.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€366,357 | -€88,594 | +€277,763 | +75.8% |
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 4 October 2026 via checked.be.