IBND: 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.
IBND
Largest movements
- Receivables within one year -€30,109
down €30,109 (-60.3%), from €49,916 to €19,807
of which Other amounts receivable: -€47,457
- Current investments -€22,134
no longer reported in 2025 (was €22,134)
- Tangible fixed assets +€10,116
up €10,116 (+90.1%), from €11,224 to €21,341
of which Other tangible fixed assets: +€10,782
- Cash +€9,722
up €9,722 (+131%), from €7,425 to €17,147
mainly Trade debts (+€70,670) and Receivables within one year (+€30,109)
- Profit (loss) carried forward -€109,694
down €109,694 (-667%), from -€16,448 to -€126,142
- Trade debts +€70,670
up €70,670 (+104%), from €68,026 to €138,695
- Tax, wage and social debts +€24,905
up €24,905 (+1,113%), from €2,237 to €27,141
of which Taxes: +€12,609
- Other debts -€18,286
no longer reported in 2025 (was €18,286)
- Staff costs +€138,442
up €138,442 (+106%), from €130,202 to €268,644
- Gross operating margin +€42,841
up €42,841 (+29.7%), from €144,297 to €187,138
- Taxes +€19,529
up €19,529 (+39,058%), from €50 to €19,579
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 | €90,700 | €58,295 | -€32,405 | -35.7% |
| Fixed assets | 21/28 | €11,224 | €21,341 | +€10,116 | +90.1% |
| Tangible fixed assets | 22/27 | €11,224 | €21,341 | +€10,116 | +90.1% |
| Furniture and vehicles | 24 | €3,178 | €2,512 | -€666 | -21.0% |
| Other tangible fixed assets | 26 | €8,047 | €18,829 | +€10,782 | +134% |
| Current assets | 29/58 | €79,476 | €36,954 | -€42,521 | -53.5% |
| Amounts receivable within one year | 40/41 | €49,916 | €19,807 | -€30,109 | -60.3% |
| Trade receivables | 40 | €2,459 | €19,807 | +€17,348 | +705% |
| Other amounts receivable | 41 | €47,457 | - | -€47,457 | |
| Current investments | 50/53 | €22,134 | - | -€22,134 | |
| Cash at bank and in hand | 54/58 | €7,425 | €17,147 | +€9,722 | +131% |
| Total equity and liabilities | 10/49 | €90,700 | €58,295 | -€32,405 | -35.7% |
| Equity | 10/15 | €2,152 | -€107,542 | -€109,694 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,448 | -€126,142 | -€109,694 | -667% |
| Amounts payable | 17/49 | €88,548 | €165,837 | +€77,289 | +87.3% |
| Amounts payable within one year | 42/48 | €88,548 | €165,837 | +€77,289 | +87.3% |
| Trade debts | 44 | €68,026 | €138,695 | +€70,670 | +104% |
| Suppliers | 440/4 | €68,026 | €138,695 | +€70,670 | +104% |
| Taxes, remuneration and social security | 45 | €2,237 | €27,141 | +€24,905 | +1,113% |
| Taxes | 450/3 | €107 | €12,716 | +€12,609 | +11,757% |
| Remuneration and social security | 454/9 | €2,130 | €14,425 | +€12,296 | +577% |
| Other amounts payable | 47/48 | €18,286 | - | -€18,286 | |
| Remuneration, social security and pensions | 62 | €130,202 | €268,644 | +€138,442 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,854 | €3,030 | +€1,177 | +63.5% |
| Other operating charges | 640/8 | €387 | €407 | +€19 | +5.0% |
| Non-recurring operating charges | 66A | - | €1,553 | +€1,553 | |
| Gross operating margin | 9900 | €144,297 | €187,138 | +€42,841 | +29.7% |
| Operating profit (loss) | 9901 | €11,853 | -€86,497 | -€98,350 | |
| Financial charges | 65/66B | €3,074 | €3,618 | +€544 | +17.7% |
| Recurring financial charges | 65 | €3,074 | €3,618 | +€544 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €8,779 | -€90,115 | -€98,894 | |
| Income taxes | 67/77 | €50 | €19,579 | +€19,529 | +39,058% |
| Profit (loss) for the period | 9904 | €8,729 | -€109,694 | -€118,423 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,729 | -€109,694 | -€118,423 |
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.