IBMD: 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.
IBMD
Largest movements
- Tangible fixed assets -€32,556
down €32,556 (-4.7%), from €698,015 to €665,459
of which Land and buildings: -€31,340
- Cash +€30,223
up €30,223 (+107.4%), from €28,140 to €58,364
mainly Depreciation (+€35,356) and Tax, wage and social debts (+€8,325)
- Tax, wage and social debts +€8,325
up €8,325 (+593.3%), from €1,403 to €9,728
- Gross operating margin +€20,472
up €20,472 (+115.9%), from €17,668 to €38,140
- Other operating charges +€6,071
up €6,071 (+177.1%), from €3,429 to €9,500
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 | €734,346 | €729,268 | -€5,077 | -0.7% |
| Fixed assets | 21/28 | €698,015 | €665,459 | -€32,556 | -4.7% |
| Tangible fixed assets | 22/27 | €698,015 | €665,459 | -€32,556 | -4.7% |
| Land and buildings | 22 | €642,405 | €611,065 | -€31,340 | -4.9% |
| Plant, machinery and equipment | 23 | €47,137 | €46,473 | -€664 | -1.4% |
| Furniture and vehicles | 24 | €8,473 | €7,921 | -€552 | -6.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €36,331 | €63,809 | +€27,478 | +75.6% |
| Amounts receivable within one year | 40/41 | €8,190 | €5,445 | -€2,745 | -33.5% |
| Trade receivables | 40 | €8,190 | €5,445 | -€2,745 | -33.5% |
| Cash at bank and in hand | 54/58 | €28,140 | €58,364 | +€30,223 | +107.4% |
| Total equity and liabilities | 10/49 | €734,346 | €729,268 | -€5,077 | -0.7% |
| Equity | 10/15 | €219,238 | €213,967 | -€5,271 | -2.4% |
| Contributions | 10/11 | €26,550 | €26,550 | = | 0.0% |
| Reserves | 13 | €192,688 | €187,417 | -€5,271 | -2.7% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,955 | €95,352 | -€10,603 | -10.0% |
| Distributable reserves | 133 | €84,749 | €90,082 | +€5,332 | +6.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €26,158 | €23,507 | -€2,651 | -10.1% |
| Deferred taxes | 168 | €26,158 | €23,507 | -€2,651 | -10.1% |
| Amounts payable | 17/49 | €488,950 | €491,794 | +€2,844 | +0.6% |
| Amounts payable within one year | 42/48 | €487,450 | €491,794 | +€4,344 | +0.9% |
| Trade debts | 44 | €820 | €258 | -€563 | -68.6% |
| Suppliers | 440/4 | €820 | €258 | -€563 | -68.6% |
| Taxes, remuneration and social security | 45 | €1,403 | €9,728 | +€8,325 | +593.3% |
| Taxes | 450/3 | €1,403 | €9,728 | +€8,325 | +593.3% |
| Other amounts payable | 47/48 | €485,227 | €481,809 | -€3,418 | -0.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,985 | €35,356 | +€370 | +1.1% |
| Other operating charges | 640/8 | €3,429 | €9,500 | +€6,071 | +177.1% |
| Gross operating margin | 9900 | €17,668 | €38,140 | +€20,472 | +115.9% |
| Operating profit (loss) | 9901 | -€20,746 | -€6,715 | +€14,031 | +67.6% |
| Financial income | 75/76B | €30 | €1 | -€29 | -98.0% |
| Recurring financial income | 75 | €30 | €1 | -€29 | -98.0% |
| Financial charges | 65/66B | €1,243 | €1,207 | -€36 | -2.9% |
| Recurring financial charges | 65 | €1,243 | €1,207 | -€36 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,960 | -€7,922 | +€14,038 | +63.9% |
| Transfer from deferred taxes | 780 | €2,704 | €2,651 | -€53 | -2.0% |
| Profit (loss) for the period | 9904 | -€19,256 | -€5,271 | +€13,985 | +72.6% |
| Transfer from tax-exempt reserves | 789 | €10,550 | €10,603 | +€53 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,706 | €5,332 | +€14,038 |
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 12 October 2026 via checked.be.