IBO: 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.
IBO
Largest movements
- Receivables within one year -€5,009
down €5,009 (-11.3%), from €44,423 to €39,415
of which Trade receivables: -€15,000
- Cash -€1,228
down €1,228 (-12.4%), from €9,938 to €8,709
mainly Net result for the year (-€6,292) and Deferred charges and accrued income (-€94)
- Profit (loss) carried forward -€6,292
down €6,292 (-19.6%), from €32,070 to €25,778
- Gross operating margin -€5,602
down €5,602 (-224,971%), from -€2 to -€5,604
- Depreciation -€2,083
down €2,083 (-93.3%), from €2,233 to €150
- Other operating charges +€250
up €250 (+103%), from €243 to €493
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 | €54,511 | €48,219 | -€6,292 | -11.5% |
| Fixed assets | 21/28 | €150 | - | -€150 | |
| Tangible fixed assets | 22/27 | €150 | - | -€150 | |
| Leasing and similar rights | 25 | €150 | - | -€150 | |
| Current assets | 29/58 | €54,361 | €48,219 | -€6,142 | -11.3% |
| Amounts receivable within one year | 40/41 | €44,423 | €39,415 | -€5,009 | -11.3% |
| Trade receivables | 40 | €15,000 | - | -€15,000 | |
| Other amounts receivable | 41 | €29,423 | €39,415 | +€9,992 | +34.0% |
| Cash at bank and in hand | 54/58 | €9,938 | €8,709 | -€1,228 | -12.4% |
| Deferred charges and accrued income | 490/1 | - | €94 | +€94 | |
| Total equity and liabilities | 10/49 | €54,511 | €48,219 | -€6,292 | -11.5% |
| Equity | 10/15 | €52,530 | €46,238 | -€6,292 | -12.0% |
| Reserves | 13 | €20,460 | €20,460 | = | 0.0% |
| Distributable reserves | 133 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,070 | €25,778 | -€6,292 | -19.6% |
| Amounts payable | 17/49 | €1,981 | €1,981 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,981 | €1,981 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,981 | €1,981 | = | 0.0% |
| Taxes | 450/3 | €1,981 | €1,981 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,233 | €150 | -€2,083 | -93.3% |
| Other operating charges | 640/8 | €243 | €493 | +€250 | +103% |
| Gross operating margin | 9900 | -€2 | -€5,604 | -€5,602 | -224,971% |
| Operating profit (loss) | 9901 | -€2,478 | -€6,247 | -€3,769 | -152% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,523 | -€6,292 | -€3,769 | -149% |
| Profit (loss) for the period | 9904 | -€2,523 | -€6,292 | -€3,769 | -149% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,523 | -€6,292 | -€3,769 | -149% |
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 14 October 2026 via checked.be.