IBO Technics: 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 Technics
Largest movements
- Receivables within one year +€182,508
up €182,508 (+35.5%), from €513,986 to €696,494
of which Trade receivables: +€136,552
- Cash -€38,031
down €38,031 (-100.0%), from €38,031 to €0
mainly Receivables within one year (-€182,508) and Investment in fixed assets (net) (-€59,175)
- Tangible fixed assets +€34,501
up €34,501 (+51.1%), from €67,493 to €101,995
of which Leasing and similar rights: +€49,439
- Reserves +€108,014
up €108,014 (+50.5%), from €213,943 to €321,957
- Trade debts +€49,402
up €49,402 (+32.3%), from €152,773 to €202,175
- Tax, wage and social debts -€45,640
down €45,640 (-16.4%), from €278,594 to €232,954
of which Taxes: -€48,927
- Short-term financial debts +€36,792
new in 2025: €36,792
- Debts after one year +€33,964
up €33,964 (+407.3%), from €8,340 to €42,304
- Gross operating margin +€168,901
up €168,901 (+25.0%), from €675,381 to €844,282
- Staff costs +€139,369
up €139,369 (+31.4%), from €444,048 to €583,416
- Financial charges +€14,881
up €14,881 (+37.3%), from €39,940 to €54,820
- Other operating charges +€11,022
up €11,022 (+69.8%), from €15,799 to €26,821
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 | €685,285 | €865,104 | +€179,819 | +26.2% |
| Fixed assets | 21/28 | €69,181 | €103,682 | +€34,501 | +49.9% |
| Tangible fixed assets | 22/27 | €67,493 | €101,995 | +€34,501 | +51.1% |
| Plant, machinery and equipment | 23 | €13,369 | €12,214 | -€1,154 | -8.6% |
| Furniture and vehicles | 24 | €42,595 | €28,936 | -€13,659 | -32.1% |
| Leasing and similar rights | 25 | €10,800 | €60,239 | +€49,439 | +457.8% |
| Other tangible fixed assets | 26 | €730 | €605 | -€125 | -17.1% |
| Financial fixed assets | 28 | €1,688 | €1,688 | = | 0.0% |
| Current assets | 29/58 | €616,104 | €761,422 | +€145,318 | +23.6% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €513,986 | €696,494 | +€182,508 | +35.5% |
| Trade receivables | 40 | €180,161 | €316,713 | +€136,552 | +75.8% |
| Other amounts receivable | 41 | €333,825 | €379,781 | +€45,956 | +13.8% |
| Cash at bank and in hand | 54/58 | €38,031 | €0 | -€38,031 | -100.0% |
| Deferred charges and accrued income | 490/1 | €4,087 | €4,928 | +€841 | +20.6% |
| Total equity and liabilities | 10/49 | €685,285 | €865,104 | +€179,819 | +26.2% |
| Equity | 10/15 | €220,143 | €328,157 | +€108,014 | +49.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €213,943 | €321,957 | +€108,014 | +50.5% |
| Distributable reserves | 133 | €213,943 | €321,957 | +€108,014 | +50.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €465,142 | €536,947 | +€71,806 | +15.4% |
| Amounts payable after more than one year | 17 | €8,340 | €42,304 | +€33,964 | +407.3% |
| Financial debts | 170/4 | €8,340 | €42,304 | +€33,964 | +407.3% |
| Amounts payable within one year | 42/48 | €456,028 | €492,917 | +€36,889 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €23,459 | €19,794 | -€3,665 | -15.6% |
| Financial debts | 43 | - | €36,792 | +€36,792 | |
| Credit institutions | 430/8 | - | €36,792 | +€36,792 | |
| Trade debts | 44 | €152,773 | €202,175 | +€49,402 | +32.3% |
| Suppliers | 440/4 | €152,773 | €202,175 | +€49,402 | +32.3% |
| Taxes, remuneration and social security | 45 | €278,594 | €232,954 | -€45,640 | -16.4% |
| Taxes | 450/3 | €175,422 | €126,495 | -€48,927 | -27.9% |
| Remuneration and social security | 454/9 | €103,172 | €106,459 | +€3,287 | +3.2% |
| Other amounts payable | 47/48 | €1,203 | €1,203 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €774 | €1,726 | +€952 | +123.1% |
| Remuneration, social security and pensions | 62 | €444,048 | €583,416 | +€139,369 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,707 | €24,674 | +€2,967 | +13.7% |
| Other operating charges | 640/8 | €15,799 | €26,821 | +€11,022 | +69.8% |
| Gross operating margin | 9900 | €675,381 | €844,282 | +€168,901 | +25.0% |
| Operating profit (loss) | 9901 | €193,827 | €209,371 | +€15,544 | +8.0% |
| Financial income | 75/76B | €12,033 | €17,064 | +€5,032 | +41.8% |
| Recurring financial income | 75 | €12,033 | €17,064 | +€5,032 | +41.8% |
| Financial charges | 65/66B | €39,940 | €54,820 | +€14,881 | +37.3% |
| Recurring financial charges | 65 | €39,940 | €54,820 | +€14,881 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €165,920 | €171,615 | +€5,695 | +3.4% |
| Income taxes | 67/77 | €63,770 | €61,883 | -€1,887 | -3.0% |
| Profit (loss) for the period | 9904 | €102,150 | €109,732 | +€7,582 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,150 | €109,732 | +€7,582 | +7.4% |
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 12 October 2026 via checked.be.