IBP: 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.
IBP
Largest movements
- Tangible fixed assets +€39,015
up €39,015 (+725%), from €5,381 to €44,396
of which Furniture and vehicles: +€38,008
- Receivables within one year +€19,545
up €19,545 (+29.1%), from €67,071 to €86,616
of which Other amounts receivable: +€22,905
- Cash +€4,482
up €4,482 (+72.8%), from €6,156 to €10,638
mainly Net result for the year (+€32,080) and Debts after one year (+€31,354)
- Reserves +€32,080
up €32,080 (+70.1%), from €45,764 to €77,844
- Debts after one year +€31,354
new in 2025: €31,354
- Current portion of long-term debt +€7,436
new in 2025: €7,436
- Advances received -€6,600
no longer reported in 2025 (was €6,600)
- Trade debts -€4,423
down €4,423 (-81.7%), from €5,415 to €993
- Gross operating margin +€43,161
up €43,161 (+511%), from €8,454 to €51,616
- Taxes +€13,628
up €13,628 (+533%), from €2,559 to €16,188
- Depreciation +€3,020
up €3,020 (+448%), from €675 to €3,695
- Financial income +€780
up €780 (+27.2%), from €2,872 to €3,652
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 | €81,475 | €145,301 | +€63,825 | +78.3% |
| Fixed assets | 21/28 | €5,381 | €44,396 | +€39,015 | +725% |
| Tangible fixed assets | 22/27 | €5,381 | €44,396 | +€39,015 | +725% |
| Plant, machinery and equipment | 23 | €771 | €1,777 | +€1,007 | +131% |
| Furniture and vehicles | 24 | €4,610 | €42,619 | +€38,008 | +824% |
| Current assets | 29/58 | €76,095 | €100,905 | +€24,810 | +32.6% |
| Amounts receivable within one year | 40/41 | €67,071 | €86,616 | +€19,545 | +29.1% |
| Trade receivables | 40 | €12,049 | €8,689 | -€3,360 | -27.9% |
| Other amounts receivable | 41 | €55,022 | €77,927 | +€22,905 | +41.6% |
| Cash at bank and in hand | 54/58 | €6,156 | €10,638 | +€4,482 | +72.8% |
| Deferred charges and accrued income | 490/1 | €2,867 | €3,651 | +€783 | +27.3% |
| Total equity and liabilities | 10/49 | €81,475 | €145,301 | +€63,825 | +78.3% |
| Equity | 10/15 | €51,964 | €84,044 | +€32,080 | +61.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,764 | €77,844 | +€32,080 | +70.1% |
| Distributable reserves | 133 | €45,764 | €77,844 | +€32,080 | +70.1% |
| Amounts payable | 17/49 | €29,511 | €61,256 | +€31,745 | +108% |
| Amounts payable after more than one year | 17 | - | €31,354 | +€31,354 | |
| Financial debts | 170/4 | - | €31,354 | +€31,354 | |
| Amounts payable within one year | 42/48 | €29,511 | €29,903 | +€392 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,436 | +€7,436 | |
| Trade debts | 44 | €5,415 | €993 | -€4,423 | -81.7% |
| Suppliers | 440/4 | €5,415 | €993 | -€4,423 | -81.7% |
| Advances received on contracts in progress | 46 | €6,600 | - | -€6,600 | |
| Taxes, remuneration and social security | 45 | €17,496 | €21,474 | +€3,978 | +22.7% |
| Taxes | 450/3 | €17,496 | €21,474 | +€3,978 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675 | €3,695 | +€3,020 | +448% |
| Other operating charges | 640/8 | €1,481 | €1,994 | +€514 | +34.7% |
| Gross operating margin | 9900 | €8,454 | €51,616 | +€43,161 | +511% |
| Operating profit (loss) | 9901 | €6,299 | €45,926 | +€39,627 | +629% |
| Financial income | 75/76B | €2,872 | €3,652 | +€780 | +27.2% |
| Recurring financial income | 75 | €2,872 | €3,652 | +€780 | +27.2% |
| Financial charges | 65/66B | €1,763 | €1,310 | -€453 | -25.7% |
| Recurring financial charges | 65 | €1,763 | €1,310 | -€453 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €7,408 | €48,268 | +€40,860 | +552% |
| Income taxes | 67/77 | €2,559 | €16,188 | +€13,628 | +533% |
| Profit (loss) for the period | 9904 | €4,849 | €32,080 | +€27,232 | +562% |
| Profit (loss) for the period to be appropriated | 9905 | €4,849 | €32,080 | +€27,232 | +562% |
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 13 October 2026 via checked.be.