IBO GROUP: 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 GROUP
Largest movements
- Stocks and contracts +€591,815
new in 2024: €591,815
- Receivables within one year +€171,306
up €171,306 (+36.1%), from €474,740 to €646,046
of which Trade receivables: +€142,725
- Cash -€100,468
down €100,468 (-38.0%), from €264,447 to €163,979
mainly Stocks and contracts (-€591,815) and Receivables within one year (-€171,306)
- Receivables after one year +€100,000
new in 2024: €100,000
- Tangible fixed assets -€25,390
down €25,390 (-7.6%), from €335,393 to €310,003
of which Furniture and vehicles: -€26,370
- Trade debts +€239,542
up €239,542 (+127%), from €188,382 to €427,925
- Profit (loss) carried forward +€224,378
up €224,378 (+39.9%), from €561,906 to €786,284
- Current portion of long-term debt +€128,824
up €128,824 (+73.8%), from €174,671 to €303,495
- Debts after one year +€112,860
up €112,860 (+89.9%), from €125,603 to €238,463
- Tax, wage and social debts +€37,481
up €37,481 (+285%), from €13,142 to €50,623
of which Taxes: +€37,481
- Gross operating margin +€123,342
up €123,342 (+9.9%), from €1.2m to €1.4m
- Staff costs +€122,235
up €122,235 (+15.9%), from €767,043 to €889,278
- Depreciation +€33,657
up €33,657 (+35.1%), from €95,942 to €129,599
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,084,164 | €1,827,250 | +€743,085 | +68.5% |
| Fixed assets | 21/28 | €339,593 | €314,203 | -€25,390 | -7.5% |
| Tangible fixed assets | 22/27 | €335,393 | €310,003 | -€25,390 | -7.6% |
| Plant, machinery and equipment | 23 | €114,530 | €106,245 | -€8,285 | -7.2% |
| Furniture and vehicles | 24 | €211,325 | €184,955 | -€26,370 | -12.5% |
| Other tangible fixed assets | 26 | €9,538 | €18,803 | +€9,265 | +97.1% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €744,572 | €1,513,047 | +€768,475 | +103% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | - | €591,815 | +€591,815 | |
| Stocks | 30/36 | - | €591,815 | +€591,815 | |
| Amounts receivable within one year | 40/41 | €474,740 | €646,046 | +€171,306 | +36.1% |
| Trade receivables | 40 | €231,438 | €374,164 | +€142,725 | +61.7% |
| Other amounts receivable | 41 | €243,301 | €271,882 | +€28,581 | +11.7% |
| Cash at bank and in hand | 54/58 | €264,447 | €163,979 | -€100,468 | -38.0% |
| Deferred charges and accrued income | 490/1 | €5,385 | €11,207 | +€5,822 | +108% |
| Total equity and liabilities | 10/49 | €1,084,164 | €1,827,250 | +€743,085 | +68.5% |
| Equity | 10/15 | €582,366 | €806,744 | +€224,378 | +38.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €561,906 | €786,284 | +€224,378 | +39.9% |
| Amounts payable | 17/49 | €501,798 | €1,020,506 | +€518,708 | +103% |
| Amounts payable after more than one year | 17 | €125,603 | €238,463 | +€112,860 | +89.9% |
| Financial debts | 170/4 | €125,603 | €238,463 | +€112,860 | +89.9% |
| Amounts payable within one year | 42/48 | €376,195 | €782,043 | +€405,847 | +108% |
| Current portion of amounts payable after more than one year | 42 | €174,671 | €303,495 | +€128,824 | +73.8% |
| Trade debts | 44 | €188,382 | €427,925 | +€239,542 | +127% |
| Suppliers | 440/4 | €188,382 | €427,925 | +€239,542 | +127% |
| Taxes, remuneration and social security | 45 | €13,142 | €50,623 | +€37,481 | +285% |
| Taxes | 450/3 | €1,051 | €38,532 | +€37,481 | +3,567% |
| Remuneration and social security | 454/9 | €12,091 | €12,091 | = | 0.0% |
| Non-recurring operating income | 76A | €12,210 | €91,888 | +€79,677 | +653% |
| Remuneration, social security and pensions | 62 | €767,043 | €889,278 | +€122,235 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,942 | €129,599 | +€33,657 | +35.1% |
| Other operating charges | 640/8 | €7,458 | €19,135 | +€11,677 | +157% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €1,247,083 | €1,370,426 | +€123,342 | +9.9% |
| Operating profit (loss) | 9901 | €376,541 | €332,413 | -€44,127 | -11.7% |
| Financial income | 75/76B | €107 | €46 | -€61 | -57.0% |
| Recurring financial income | 75 | €107 | €46 | -€61 | -57.0% |
| Financial charges | 65/66B | €24,925 | €34,867 | +€9,942 | +39.9% |
| Recurring financial charges | 65 | €24,925 | €34,867 | +€9,942 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €351,723 | €297,592 | -€54,130 | -15.4% |
| Income taxes | 67/77 | €61,831 | €73,215 | +€11,383 | +18.4% |
| Profit (loss) for the period | 9904 | €289,891 | €224,378 | -€65,514 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €289,891 | €224,378 | -€65,514 | -22.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.