IBO Construct: 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.
IBO Construct
Largest movements
- Receivables within one year +€17,247
up €17,247 (+5.6%), from €309,647 to €326,894
- Cash -€16,947
down €16,947 (-87.0%), from €19,474 to €2,527
mainly Advances received (-€19,965) and Trade debts (-€19,116)
- Tax, wage and social debts +€30,732
up €30,732 (+1167.8%), from €2,632 to €33,364
of which Remuneration and social security: +€20,000
- Advances received -€19,965
no longer reported in 2025 (was €19,965)
- Trade debts -€19,116
down €19,116 (-27.9%), from €68,419 to €49,303
- Reserves +€15,649
up €15,649 (+7.5%), from €208,905 to €224,554
- Accrued charges and deferred income -€13,000
no longer reported in 2025 (was €13,000)
- Gross operating margin +€19,805
up €19,805, from -€13,784 to €6,021
- Taxes +€6,070
up €6,070 (+2064.7%), from €294 to €6,364
- Financial income +€1,299
up €1,299 (+8.1%), from €15,948 to €17,247
- Other operating charges +€291
up €291 (+54.0%), from €539 to €830
- Financial charges +€178
up €178 (+71.9%), from €247 to €425
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 | €329,120 | €329,420 | +€300 | +0.1% |
| Current assets | 29/58 | €329,120 | €329,420 | +€300 | +0.1% |
| Amounts receivable within one year | 40/41 | €309,647 | €326,894 | +€17,247 | +5.6% |
| Other amounts receivable | 41 | €309,647 | €326,894 | +€17,247 | +5.6% |
| Cash at bank and in hand | 54/58 | €19,474 | €2,527 | -€16,947 | -87.0% |
| Total equity and liabilities | 10/49 | €329,120 | €329,420 | +€300 | +0.1% |
| Equity | 10/15 | €215,105 | €230,754 | +€15,649 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €208,905 | €224,554 | +€15,649 | +7.5% |
| Distributable reserves | 133 | €208,905 | €224,554 | +€15,649 | +7.5% |
| Amounts payable | 17/49 | €114,015 | €98,666 | -€15,349 | -13.5% |
| Amounts payable within one year | 42/48 | €101,015 | €98,666 | -€2,349 | -2.3% |
| Trade debts | 44 | €68,419 | €49,303 | -€19,116 | -27.9% |
| Suppliers | 440/4 | €68,419 | €49,303 | -€19,116 | -27.9% |
| Advances received on contracts in progress | 46 | €19,965 | - | -€19,965 | |
| Taxes, remuneration and social security | 45 | €2,632 | €33,364 | +€30,732 | +1167.8% |
| Taxes | 450/3 | €2,632 | €13,364 | +€10,732 | +407.8% |
| Remuneration and social security | 454/9 | - | €20,000 | +€20,000 | |
| Other amounts payable | 47/48 | €10,000 | €16,000 | +€6,000 | +60.0% |
| Accrued charges and deferred income | 492/3 | €13,000 | - | -€13,000 | |
| Other operating charges | 640/8 | €539 | €830 | +€291 | +54.0% |
| Gross operating margin | 9900 | -€13,784 | €6,021 | +€19,805 | |
| Operating profit (loss) | 9901 | -€14,323 | €5,191 | +€19,514 | |
| Financial income | 75/76B | €15,948 | €17,247 | +€1,299 | +8.1% |
| Recurring financial income | 75 | €15,948 | €17,247 | +€1,299 | +8.1% |
| Financial charges | 65/66B | €247 | €425 | +€178 | +71.9% |
| Recurring financial charges | 65 | €247 | €425 | +€178 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €1,377 | €22,012 | +€20,636 | +1498.7% |
| Income taxes | 67/77 | €294 | €6,364 | +€6,070 | +2064.7% |
| Profit (loss) for the period | 9904 | €1,083 | €15,649 | +€14,566 | +1345.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,083 | €15,649 | +€14,566 | +1345.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.