IBMETAL: 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.
IBMETAL
Largest movements
- Cash -€69,201
down €69,201 (-69.9%), from €99,047 to €29,846
mainly Other debts (-€86,000) and Contributions, distributions and other (-€14,000)
- Receivables within one year -€4,984
down €4,984 (-14.3%), from €34,903 to €29,919
of which Trade receivables: -€5,094
- Tangible fixed assets -€4,899
down €4,899 (-38.7%), from €12,671 to €7,772
- Other debts -€86,000
down €86,000 (-86.0%), from €100,000 to €14,000
- Profit (loss) carried forward +€12,492
up €12,492 (+100.0%), from €12,493 to €24,985
- Debts after one year -€4,849
down €4,849 (-59.7%), from €8,125 to €3,276
- Gross operating margin +€9,694
up €9,694 (+36.6%), from €26,459 to €36,153
- Taxes -€903
down €903 (-21.3%), from €4,236 to €3,332
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 | €148,150 | €69,663 | -€78,488 | -53.0% |
| Fixed assets | 21/28 | €12,671 | €7,772 | -€4,899 | -38.7% |
| Tangible fixed assets | 22/27 | €12,671 | €7,772 | -€4,899 | -38.7% |
| Furniture and vehicles | 24 | €12,671 | €7,772 | -€4,899 | -38.7% |
| Current assets | 29/58 | €135,480 | €61,891 | -€73,589 | -54.3% |
| Amounts receivable within one year | 40/41 | €34,903 | €29,919 | -€4,984 | -14.3% |
| Trade receivables | 40 | €18,650 | €13,556 | -€5,094 | -27.3% |
| Other amounts receivable | 41 | €16,253 | €16,363 | +€110 | +0.7% |
| Cash at bank and in hand | 54/58 | €99,047 | €29,846 | -€69,201 | -69.9% |
| Deferred charges and accrued income | 490/1 | €1,530 | €2,126 | +€596 | +39.0% |
| Total equity and liabilities | 10/49 | €148,150 | €69,663 | -€78,488 | -53.0% |
| Equity | 10/15 | €20,853 | €33,345 | +€12,492 | +59.9% |
| Contributions | 10/11 | €8,360 | €8,360 | = | 0.0% |
| Contributions outside capital | 11 | €8,360 | €8,360 | = | 0.0% |
| Other | 1109/19 | €8,360 | €8,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,493 | €24,985 | +€12,492 | +100.0% |
| Amounts payable | 17/49 | €127,298 | €36,318 | -€90,980 | -71.5% |
| Amounts payable after more than one year | 17 | €8,125 | €3,276 | -€4,849 | -59.7% |
| Financial debts | 170/4 | €8,125 | €3,276 | -€4,849 | -59.7% |
| Amounts payable within one year | 42/48 | €119,173 | €33,042 | -€86,130 | -72.3% |
| Current portion of amounts payable after more than one year | 42 | €12,773 | €12,849 | +€76 | +0.6% |
| Trade debts | 44 | €5,125 | €4,812 | -€313 | -6.1% |
| Suppliers | 440/4 | €5,125 | €4,812 | -€313 | -6.1% |
| Taxes, remuneration and social security | 45 | €1,274 | €1,381 | +€107 | +8.4% |
| Taxes | 450/3 | €1,274 | €1,381 | +€107 | +8.4% |
| Other amounts payable | 47/48 | €100,000 | €14,000 | -€86,000 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,899 | €4,899 | = | 0.0% |
| Other operating charges | 640/8 | €1,065 | €846 | -€218 | -20.5% |
| Gross operating margin | 9900 | €26,459 | €36,153 | +€9,694 | +36.6% |
| Operating profit (loss) | 9901 | €20,495 | €30,408 | +€9,913 | +48.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €606 | €584 | -€22 | -3.6% |
| Recurring financial charges | 65 | €606 | €584 | -€22 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €19,892 | €29,824 | +€9,933 | +49.9% |
| Income taxes | 67/77 | €4,236 | €3,332 | -€903 | -21.3% |
| Profit (loss) for the period | 9904 | €15,656 | €26,492 | +€10,836 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,656 | €26,492 | +€10,836 | +69.2% |
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 18 October 2026 via checked.be.