ibouw: 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.
ibouw
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€174,534
down €174,534 (-78.0%), from €223,795 to €49,261
mainly Current investments (-€250,000) and Trade debts (-€32,901)
- Receivables within one year -€19,327
down €19,327 (-21.7%), from €89,026 to €69,699
of which Trade receivables: -€24,420
- Tangible fixed assets +€15,785
up €15,785 (+45.2%), from €34,923 to €50,707
of which Furniture and vehicles: +€18,597
- Deferred charges and accrued income -€7,488
down €7,488 (-97.3%), from €7,697 to €209
- Reserves +€81,818
up €81,818 (+260.6%), from €31,399 to €113,218
of which Distributable reserves: +€81,818
- Trade debts -€32,901
down €32,901 (-75.2%), from €43,769 to €10,868
- Tax, wage and social debts +€14,111
up €14,111 (+43.8%), from €32,211 to €46,322
- Provisions +€125,000
up €125,000, from -€125,000 to €0
- Gross operating margin +€62,144
up €62,144 (+91.9%), from €67,643 to €129,786
- Taxes -€6,889
down €6,889 (-13.8%), from €50,089 to €43,199
- Depreciation +€3,366
up €3,366 (+102.8%), from €3,273 to €6,639
- Financial income +€1,334
up €1,334 (+40.6%), from €3,284 to €4,618
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 | €365,441 | €429,877 | +€64,436 | +17.6% |
| Fixed assets | 21/28 | €44,923 | €60,707 | +€15,785 | +35.1% |
| Tangible fixed assets | 22/27 | €34,923 | €50,707 | +€15,785 | +45.2% |
| Plant, machinery and equipment | 23 | €869 | €300 | -€570 | -65.5% |
| Furniture and vehicles | 24 | €343 | €18,940 | +€18,597 | +5420.5% |
| Other tangible fixed assets | 26 | €33,710 | €31,468 | -€2,243 | -6.7% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €320,518 | €369,170 | +€48,651 | +15.2% |
| Amounts receivable within one year | 40/41 | €89,026 | €69,699 | -€19,327 | -21.7% |
| Trade receivables | 40 | €46,936 | €22,516 | -€24,420 | -52.0% |
| Other amounts receivable | 41 | €42,090 | €47,183 | +€5,093 | +12.1% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €223,795 | €49,261 | -€174,534 | -78.0% |
| Deferred charges and accrued income | 490/1 | €7,697 | €209 | -€7,488 | -97.3% |
| Total equity and liabilities | 10/49 | €365,441 | €429,877 | +€64,436 | +17.6% |
| Equity | 10/15 | €275,826 | €359,053 | +€83,227 | +30.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €31,399 | €113,218 | +€81,818 | +260.6% |
| Non-distributable reserves | 130/1 | €29,234 | €29,234 | = | 0.0% |
| Legal reserve | 130 | €29,234 | €29,234 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,820 | €1,820 | = | 0.0% |
| Distributable reserves | 133 | €345 | €82,163 | +€81,818 | +23715.4% |
| Profit (loss) carried forward | 14 | €174,427 | €175,836 | +€1,409 | +0.8% |
| Provisions and deferred taxes | 16 | €12,500 | €12,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,500 | €12,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable | 17/49 | €77,114 | €58,324 | -€18,791 | -24.4% |
| Amounts payable within one year | 42/48 | €76,035 | €57,245 | -€18,791 | -24.7% |
| Trade debts | 44 | €43,769 | €10,868 | -€32,901 | -75.2% |
| Suppliers | 440/4 | €43,769 | €10,868 | -€32,901 | -75.2% |
| Taxes, remuneration and social security | 45 | €32,211 | €46,322 | +€14,111 | +43.8% |
| Taxes | 450/3 | €32,211 | €46,322 | +€14,111 | +43.8% |
| Other amounts payable | 47/48 | €55 | €55 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,079 | €1,079 | = | 0.0% |
| Non-recurring operating income | 76A | - | €25,615 | +€25,615 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,273 | €6,639 | +€3,366 | +102.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€125,000 | €0 | +€125,000 | |
| Other operating charges | 640/8 | €558 | €609 | +€50 | +9.0% |
| Gross operating margin | 9900 | €67,643 | €129,786 | +€62,144 | +91.9% |
| Operating profit (loss) | 9901 | €188,811 | €122,539 | -€66,273 | -35.1% |
| Financial income | 75/76B | €3,284 | €4,618 | +€1,334 | +40.6% |
| Recurring financial income | 75 | €3,284 | €4,618 | +€1,334 | +40.6% |
| Financial charges | 65/66B | €504 | €730 | +€227 | +45.0% |
| Recurring financial charges | 65 | €504 | €730 | +€227 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €191,592 | €126,426 | -€65,166 | -34.0% |
| Income taxes | 67/77 | €50,089 | €43,199 | -€6,889 | -13.8% |
| Profit (loss) for the period | 9904 | €141,503 | €83,227 | -€58,277 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €141,503 | €83,227 | -€58,277 | -41.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.