IBOSEC: 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.
IBOSEC
Largest movements
- Cash +€43,267
up €43,267 (+126.9%), from €34,106 to €77,373
mainly Net result for the year (+€54,702) and Receivables within one year (+€15,482)
- Receivables within one year -€15,482
down €15,482 (-93.4%), from €16,572 to €1,091
of which Trade receivables: -€13,910
- Tangible fixed assets -€8,268
down €8,268 (-19.5%), from €42,331 to €34,064
- Deferred charges and accrued income -€3,397
down €3,397 (-80.9%), from €4,198 to €801
- Profit (loss) carried forward +€17,202
up €17,202 (+20.9%), from €82,136 to €99,338
- Trade debts -€1,680
down €1,680 (-35.7%), from €4,711 to €3,031
- Gross operating margin +€44,735
up €44,735 (+119.5%), from €37,440 to €82,174
- Depreciation +€7,460
up €7,460 (+333.4%), from €2,238 to €9,698
- Taxes +€4,822
up €4,822 (+43.3%), from €11,125 to €15,947
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 | €97,208 | €113,328 | +€16,120 | +16.6% |
| Fixed assets | 21/28 | €42,331 | €34,064 | -€8,268 | -19.5% |
| Tangible fixed assets | 22/27 | €42,331 | €34,064 | -€8,268 | -19.5% |
| Furniture and vehicles | 24 | €42,331 | €34,064 | -€8,268 | -19.5% |
| Current assets | 29/58 | €54,877 | €79,265 | +€24,388 | +44.4% |
| Amounts receivable within one year | 40/41 | €16,572 | €1,091 | -€15,482 | -93.4% |
| Trade receivables | 40 | €13,910 | - | -€13,910 | |
| Other amounts receivable | 41 | €2,663 | €1,091 | -€1,572 | -59.0% |
| Cash at bank and in hand | 54/58 | €34,106 | €77,373 | +€43,267 | +126.9% |
| Deferred charges and accrued income | 490/1 | €4,198 | €801 | -€3,397 | -80.9% |
| Total equity and liabilities | 10/49 | €97,208 | €113,328 | +€16,120 | +16.6% |
| Equity | 10/15 | €82,236 | €99,438 | +€17,202 | +20.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,136 | €99,338 | +€17,202 | +20.9% |
| Amounts payable | 17/49 | €14,972 | €13,890 | -€1,082 | -7.2% |
| Amounts payable within one year | 42/48 | €14,972 | €13,890 | -€1,082 | -7.2% |
| Trade debts | 44 | €4,711 | €3,031 | -€1,680 | -35.7% |
| Suppliers | 440/4 | €4,711 | €3,031 | -€1,680 | -35.7% |
| Taxes, remuneration and social security | 45 | €10,261 | €10,859 | +€599 | +5.8% |
| Taxes | 450/3 | €8,761 | €9,624 | +€864 | +9.9% |
| Remuneration and social security | 454/9 | €1,500 | €1,235 | -€265 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,238 | €9,698 | +€7,460 | +333.4% |
| Other operating charges | 640/8 | €1,004 | €1,344 | +€340 | +33.9% |
| Gross operating margin | 9900 | €37,440 | €82,174 | +€44,735 | +119.5% |
| Operating profit (loss) | 9901 | €34,198 | €71,132 | +€36,934 | +108.0% |
| Financial income | 75/76B | €42 | €0 | -€42 | -99.3% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -99.3% |
| Financial charges | 65/66B | €1,200 | €484 | -€716 | -59.7% |
| Recurring financial charges | 65 | €1,200 | €484 | -€716 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €33,041 | €70,649 | +€37,608 | +113.8% |
| Income taxes | 67/77 | €11,125 | €15,947 | +€4,822 | +43.3% |
| Profit (loss) for the period | 9904 | €21,915 | €54,702 | +€32,786 | +149.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,915 | €54,702 | +€32,786 | +149.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.