IBK: 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.
IBK
Largest movements
- Tangible fixed assets -€750,675
down €750,675 (-41.8%), from €1.8m to €1.0m
- Stocks and contracts -€232,341
down €232,341 (-35.3%), from €658,261 to €425,920
- Cash +€76,532
up €76,532 (+671%), from €11,413 to €87,945
mainly Investment in fixed assets (net) (+€721,257) and Stocks and contracts (+€232,341)
- Receivables within one year -€39,919
down €39,919 (-67.8%), from €58,857 to €18,938
of which Trade receivables: -€48,419
- Debts after one year -€585,610
down €585,610 (-52.3%), from €1.1m to €533,761
- Current portion of long-term debt -€340,321
down €340,321 (-90.2%), from €377,321 to €37,000
- Short-term financial debts +€89,612
up €89,612 (+6,783%), from €1,321 to €90,933
- Contributions -€56,000
down €56,000 (-6.0%), from €931,000 to €875,000
- Other debts -€43,668
down €43,668 (-71.4%), from €61,121 to €17,454
- Financial charges -€34,156
down €34,156 (-53.2%), from €64,168 to €30,012
- Depreciation -€22,294
down €22,294 (-43.6%), from €51,075 to €28,781
- Gross operating margin -€14,519
down €14,519 (-9.7%), from €149,163 to €134,644
- Taxes -€5,365
down €5,365 (-53.7%), from €9,997 to €4,631
- Other operating charges -€3,545
down €3,545 (-58.3%), from €6,077 to €2,532
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 | €2,523,372 | €1,577,607 | -€945,765 | -37.5% |
| Fixed assets | 21/28 | €1,794,131 | €1,044,093 | -€750,038 | -41.8% |
| Tangible fixed assets | 22/27 | €1,794,131 | €1,043,456 | -€750,675 | -41.8% |
| Land and buildings | 22 | €1,794,131 | €1,043,456 | -€750,675 | -41.8% |
| Financial fixed assets | 28 | - | €637 | +€637 | |
| Current assets | 29/58 | €729,241 | €533,513 | -€195,727 | -26.8% |
| Stocks and contracts in progress | 3 | €658,261 | €425,920 | -€232,341 | -35.3% |
| Stocks | 30/36 | €658,261 | €425,920 | -€232,341 | -35.3% |
| Amounts receivable within one year | 40/41 | €58,857 | €18,938 | -€39,919 | -67.8% |
| Trade receivables | 40 | €58,857 | €10,438 | -€48,419 | -82.3% |
| Other amounts receivable | 41 | - | €8,500 | +€8,500 | |
| Cash at bank and in hand | 54/58 | €11,413 | €87,945 | +€76,532 | +671% |
| Deferred charges and accrued income | 490/1 | €710 | €710 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,523,372 | €1,577,607 | -€945,765 | -37.5% |
| Equity | 10/15 | €931,436 | €875,000 | -€56,436 | -6.1% |
| Contributions | 10/11 | €931,000 | €875,000 | -€56,000 | -6.0% |
| Profit (loss) carried forward | 14 | €436 | €0 | -€436 | -100% |
| Amounts payable | 17/49 | €1,591,936 | €702,607 | -€889,329 | -55.9% |
| Amounts payable after more than one year | 17 | €1,119,370 | €533,761 | -€585,610 | -52.3% |
| Financial debts | 170/4 | €1,119,370 | €533,761 | -€585,610 | -52.3% |
| Amounts payable within one year | 42/48 | €454,808 | €168,846 | -€285,962 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €377,321 | €37,000 | -€340,321 | -90.2% |
| Financial debts | 43 | €1,321 | €90,933 | +€89,612 | +6,783% |
| Credit institutions | 430/8 | €1,321 | €90,933 | +€89,612 | +6,783% |
| Trade debts | 44 | €3,159 | €9,209 | +€6,049 | +191% |
| Suppliers | 440/4 | €3,159 | €9,209 | +€6,049 | +191% |
| Advances received on contracts in progress | 46 | - | €1,800 | +€1,800 | |
| Taxes, remuneration and social security | 45 | €11,885 | €12,450 | +€565 | +4.8% |
| Taxes | 450/3 | €11,885 | €12,450 | +€565 | +4.8% |
| Other amounts payable | 47/48 | €61,121 | €17,454 | -€43,668 | -71.4% |
| Accrued charges and deferred income | 492/3 | €17,758 | €0 | -€17,758 | -100% |
| Non-recurring operating income | 76A | €57,407 | €75,438 | +€18,031 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,075 | €28,781 | -€22,294 | -43.6% |
| Other operating charges | 640/8 | €6,077 | €2,532 | -€3,545 | -58.3% |
| Non-recurring operating charges | 66A | - | €54,315 | +€54,315 | |
| Gross operating margin | 9900 | €149,163 | €134,644 | -€14,519 | -9.7% |
| Operating profit (loss) | 9901 | €92,011 | €49,016 | -€42,995 | -46.7% |
| Financial income | 75/76B | €59 | €2,646 | +€2,586 | +4,350% |
| Recurring financial income | 75 | €59 | €32 | -€28 | -46.9% |
| Non-recurring financial income | 76B | - | €2,614 | +€2,614 | |
| Financial charges | 65/66B | €64,168 | €30,012 | -€34,156 | -53.2% |
| Recurring financial charges | 65 | €64,168 | €30,012 | -€34,156 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €27,902 | €21,649 | -€6,253 | -22.4% |
| Income taxes | 67/77 | €9,997 | €4,631 | -€5,365 | -53.7% |
| Profit (loss) for the period | 9904 | €17,906 | €17,018 | -€888 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,906 | €17,018 | -€888 | -5.0% |
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 15 October 2026 via checked.be.