IBIC EUROPE: 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.
What changed
IBIC EUROPE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€64,345
2024 · €62,424+€1,921
Equity
€1.2m
2024 · €1.2m+€64,345
Cash
€5,667
2024 · €286+€5,381
Balance sheet total
€2.3m
2024 · €2.5m-€209,692
Largest movements
Assets
- Receivables within one year -€158,999
down €158,999 (-100.0%), from €159,007 to €8
- Tangible fixed assets -€56,075
down €56,075 (-2.4%), from €2.4m to €2.3m
Equity and liabilities
- Other debts -€159,000
down €159,000 (-76.8%), from €207,000 to €48,000
- Debts after one year -€113,553
down €113,553 (-12.1%), from €939,039 to €825,486
- Profit (loss) carried forward +€74,899
up €74,899 (+14.6%), from €512,082 to €586,981
Income statement
- Financial charges -€9,663
down €9,663 (-36.5%), from €26,469 to €16,805
- Financial income -€7,400
no longer reported in 2025 (was €7,400)
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.
Result 2024
€62,424
Gross operating margin
+€171
Other operating charges
-€237
Financial income
-€7,400
Financial charges
+€9,663
Taxes
-€275
Result 2025
€64,345
raises the resultlowers the result
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.
From operations
+€117,239
Investment
€0
Financing
-€111,858
Cash 2024
€286
From operations (derived)
+€117,239
Net result for the year
+€64,345
Depreciation
+€56,075
Receivables within one year
+€158,999
Provisions
-€3,518
Smaller working-capital items
+€339
Other debts
-€159,000
Financing
-€111,858
Debts after one year
-€113,553
Current portion of long-term debt
+€1,695
Cash 2025
€5,667
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,523,976 | €2,314,283 | -€209,692 | -8.3% |
| Fixed assets | 21/28 | €2,364,683 | €2,308,608 | -€56,075 | -2.4% |
| Tangible fixed assets | 22/27 | €2,360,243 | €2,304,168 | -€56,075 | -2.4% |
| Land and buildings | 22 | €2,360,243 | €2,304,168 | -€56,075 | -2.4% |
| Financial fixed assets | 28 | €4,440 | €4,440 | = | 0.0% |
| Current assets | 29/58 | €159,293 | €5,675 | -€153,617 | -96.4% |
| Amounts receivable within one year | 40/41 | €159,007 | €8 | -€158,999 | -100.0% |
| Other amounts receivable | 41 | €159,007 | €8 | -€158,999 | -100.0% |
| Cash at bank and in hand | 54/58 | €286 | €5,667 | +€5,381 | +1,884% |
| Deferred charges and accrued income | 490/1 | €1 | €1 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,523,976 | €2,314,283 | -€209,692 | -8.3% |
| Equity | 10/15 | €1,176,205 | €1,240,549 | +€64,345 | +5.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €589,122 | €578,568 | -€10,554 | -1.8% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €261,662 | €251,108 | -€10,554 | -4.0% |
| Distributable reserves | 133 | €319,960 | €319,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €512,082 | €586,981 | +€74,899 | +14.6% |
| Provisions and deferred taxes | 16 | €87,179 | €83,661 | -€3,518 | -4.0% |
| Deferred taxes | 168 | €87,179 | €83,661 | -€3,518 | -4.0% |
| Amounts payable | 17/49 | €1,260,592 | €990,073 | -€270,519 | -21.5% |
| Amounts payable after more than one year | 17 | €939,039 | €825,486 | -€113,553 | -12.1% |
| Financial debts | 170/4 | €939,039 | €825,486 | -€113,553 | -12.1% |
| Amounts payable within one year | 42/48 | €321,553 | €164,587 | -€156,966 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €111,858 | €113,553 | +€1,695 | +1.5% |
| Trade debts | 44 | - | €375 | +€375 | |
| Suppliers | 440/4 | - | €375 | +€375 | |
| Taxes, remuneration and social security | 45 | €2,695 | €2,659 | -€36 | -1.3% |
| Taxes | 450/3 | €2,695 | €2,659 | -€36 | -1.3% |
| Other amounts payable | 47/48 | €207,000 | €48,000 | -€159,000 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,075 | €56,075 | = | 0.0% |
| Other operating charges | 640/8 | €7,619 | €7,857 | +€237 | +3.1% |
| Gross operating margin | 9900 | €166,357 | €166,528 | +€171 | +0.1% |
| Operating profit (loss) | 9901 | €102,663 | €102,596 | -€67 | -0.1% |
| Financial income | 75/76B | €7,400 | - | -€7,400 | |
| Recurring financial income | 75 | €7,400 | - | -€7,400 | |
| Financial charges | 65/66B | €26,469 | €16,805 | -€9,663 | -36.5% |
| Recurring financial charges | 65 | €26,469 | €16,805 | -€9,663 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €83,594 | €85,791 | +€2,197 | +2.6% |
| Transfer from deferred taxes | 780 | €3,518 | €3,518 | = | 0.0% |
| Income taxes | 67/77 | €24,689 | €24,964 | +€275 | +1.1% |
| Profit (loss) for the period | 9904 | €62,424 | €64,345 | +€1,921 | +3.1% |
| Transfer from tax-exempt reserves | 789 | €10,554 | €10,554 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,978 | €74,899 | +€1,921 | +2.6% |
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 28 October 2026 via checked.be.