IBL: 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.
IBL
Largest movements
- Stocks and contracts +€5,206
up €5,206 (+11.4%), from €45,609 to €50,815
- Tangible fixed assets -€3,950
down €3,950 (-34.8%), from €11,360 to €7,410
- Cash -€1,757
down €1,757 (-50.0%), from €3,516 to €1,759
mainly Stocks and contracts (-€5,206) and Trade debts (-€3,944)
- Receivables within one year -€894
down €894 (-7.0%), from €12,778 to €11,884
of which Other amounts receivable: -€790
- Trade debts -€3,944
down €3,944 (-73.8%), from €5,341 to €1,397
- Profit (loss) carried forward +€1,713
up €1,713, from €0 to €1,713
- Gross operating margin +€20,266
up €20,266, from -€12,213 to €8,053
- Taxes +€902
up €902 (+153.1%), from €589 to €1,491
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 | €73,923 | €72,563 | -€1,360 | -1.8% |
| Fixed assets | 21/28 | €11,360 | €7,410 | -€3,950 | -34.8% |
| Tangible fixed assets | 22/27 | €11,360 | €7,410 | -€3,950 | -34.8% |
| Furniture and vehicles | 24 | €11,360 | €7,410 | -€3,950 | -34.8% |
| Current assets | 29/58 | €62,563 | €65,153 | +€2,590 | +4.1% |
| Stocks and contracts in progress | 3 | €45,609 | €50,815 | +€5,206 | +11.4% |
| Stocks | 30/36 | €45,609 | €50,815 | +€5,206 | +11.4% |
| Amounts receivable within one year | 40/41 | €12,778 | €11,884 | -€894 | -7.0% |
| Trade receivables | 40 | €104 | - | -€104 | |
| Other amounts receivable | 41 | €12,674 | €11,884 | -€790 | -6.2% |
| Cash at bank and in hand | 54/58 | €3,516 | €1,759 | -€1,757 | -50.0% |
| Deferred charges and accrued income | 490/1 | €660 | €695 | +€35 | +5.3% |
| Total equity and liabilities | 10/49 | €73,923 | €72,563 | -€1,360 | -1.8% |
| Equity | 10/15 | €15,501 | €17,214 | +€1,713 | +11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,301 | €9,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,441 | €7,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1,713 | +€1,713 | |
| Amounts payable | 17/49 | €58,422 | €55,349 | -€3,073 | -5.3% |
| Amounts payable within one year | 42/48 | €58,422 | €55,349 | -€3,073 | -5.3% |
| Trade debts | 44 | €5,341 | €1,397 | -€3,944 | -73.8% |
| Suppliers | 440/4 | €5,341 | €1,397 | -€3,944 | -73.8% |
| Taxes, remuneration and social security | 45 | €589 | €1,323 | +€734 | +124.6% |
| Taxes | 450/3 | €589 | €1,323 | +€734 | +124.6% |
| Other amounts payable | 47/48 | €52,492 | €52,629 | +€137 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,950 | €3,950 | = | 0.0% |
| Other operating charges | 640/8 | €876 | €808 | -€68 | -7.8% |
| Gross operating margin | 9900 | -€12,213 | €8,053 | +€20,266 | |
| Operating profit (loss) | 9901 | -€17,039 | €3,295 | +€20,334 | |
| Financial charges | 65/66B | €115 | €91 | -€24 | -20.9% |
| Recurring financial charges | 65 | €115 | €91 | -€24 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,154 | €3,204 | +€20,358 | |
| Income taxes | 67/77 | €589 | €1,491 | +€902 | +153.1% |
| Profit (loss) for the period | 9904 | -€17,743 | €1,713 | +€19,456 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,743 | €1,713 | +€19,456 |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.