IBOO ESTATE: 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.
IBOO ESTATE
Largest movements
- Tangible fixed assets +€318,906
up €318,906 (+48.8%), from €654,105 to €973,011
of which Land and buildings: +€180,764
- Receivables within one year -€198,232
down €198,232 (-78.3%), from €253,182 to €54,950
of which Trade receivables: -€200,834
- Cash +€15,769
up €15,769 (+182%), from €8,641 to €24,410
mainly Receivables within one year (+€198,232) and Net result for the year (+€144,920)
- Reserves +€144,920
up €144,920 (+72.7%), from €199,418 to €344,338
- Debts after one year -€85,817
down €85,817 (-20.0%), from €428,565 to €342,748
of which Financial debts: -€45,817
- Tax, wage and social debts +€53,439
up €53,439 (+49.6%), from €107,842 to €161,281
- Other debts +€25,165
up €25,165 (+76.2%), from €33,021 to €58,186
- Gross operating margin -€37,680
down €37,680 (-11.5%), from €327,959 to €290,279
- Other operating charges +€27,576
up €27,576 (+3,648%), from €756 to €28,332
- Taxes -€23,593
down €23,593 (-25.9%), from €91,223 to €67,630
- Depreciation +€10,866
up €10,866 (+52.4%), from €20,730 to €31,596
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 | €915,928 | €1,052,371 | +€136,443 | +14.9% |
| Fixed assets | 21/28 | €654,105 | €973,011 | +€318,906 | +48.8% |
| Tangible fixed assets | 22/27 | €654,105 | €973,011 | +€318,906 | +48.8% |
| Land and buildings | 22 | €633,305 | €814,069 | +€180,764 | +28.5% |
| Furniture and vehicles | 24 | - | €10,342 | +€10,342 | |
| Assets under construction and advance payments | 27 | €20,800 | €148,600 | +€127,800 | +614% |
| Current assets | 29/58 | €261,823 | €79,360 | -€182,463 | -69.7% |
| Amounts receivable within one year | 40/41 | €253,182 | €54,950 | -€198,232 | -78.3% |
| Trade receivables | 40 | €253,182 | €52,348 | -€200,834 | -79.3% |
| Other amounts receivable | 41 | - | €2,602 | +€2,602 | |
| Cash at bank and in hand | 54/58 | €8,641 | €24,410 | +€15,769 | +182% |
| Total equity and liabilities | 10/49 | €915,928 | €1,052,371 | +€136,443 | +14.9% |
| Equity | 10/15 | €299,418 | €444,338 | +€144,920 | +48.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €199,418 | €344,338 | +€144,920 | +72.7% |
| Distributable reserves | 133 | €199,418 | €344,338 | +€144,920 | +72.7% |
| Amounts payable | 17/49 | €616,510 | €608,033 | -€8,477 | -1.4% |
| Amounts payable after more than one year | 17 | €428,565 | €342,748 | -€85,817 | -20.0% |
| Financial debts | 170/4 | €388,565 | €342,748 | -€45,817 | -11.8% |
| Other amounts payable | 178/9 | €40,000 | - | -€40,000 | |
| Amounts payable within one year | 42/48 | €187,945 | €265,285 | +€77,340 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €43,898 | €45,818 | +€1,920 | +4.4% |
| Trade debts | 44 | €3,184 | - | -€3,184 | |
| Suppliers | 440/4 | €3,184 | - | -€3,184 | |
| Taxes, remuneration and social security | 45 | €107,842 | €161,281 | +€53,439 | +49.6% |
| Taxes | 450/3 | €107,842 | €161,281 | +€53,439 | +49.6% |
| Other amounts payable | 47/48 | €33,021 | €58,186 | +€25,165 | +76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,730 | €31,596 | +€10,866 | +52.4% |
| Other operating charges | 640/8 | €756 | €28,332 | +€27,576 | +3,648% |
| Gross operating margin | 9900 | €327,959 | €290,279 | -€37,680 | -11.5% |
| Operating profit (loss) | 9901 | €306,473 | €230,351 | -€76,122 | -24.8% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €19,722 | €17,817 | -€1,905 | -9.7% |
| Recurring financial charges | 65 | €19,722 | €17,817 | -€1,905 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €286,751 | €212,550 | -€74,201 | -25.9% |
| Income taxes | 67/77 | €91,223 | €67,630 | -€23,593 | -25.9% |
| Profit (loss) for the period | 9904 | €195,528 | €144,920 | -€50,608 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €195,528 | €144,920 | -€50,608 | -25.9% |
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 30 October 2026 via checked.be.