IBPLUS: 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.
IBPLUS
Largest movements
- Current investments +€309,166
up €309,166 (+155%), from €200,000 to €509,166
- Cash -€289,791
down €289,791 (-77.1%), from €375,637 to €85,846
mainly Current investments (-€309,166) and Debts after one year (-€83,132)
- Receivables within one year +€33,290
up €33,290 (+52.9%), from €62,928 to €96,217
of which Other amounts receivable: +€44,012
- Tangible fixed assets -€22,477
down €22,477 (-27.6%), from €81,372 to €58,895
of which Furniture and vehicles: -€21,710
- Reserves +€129,530
up €129,530 (+18.3%), from €706,600 to €836,130
- Debts after one year -€83,132
down €83,132 (-19.0%), from €438,663 to €355,530
- Tax, wage and social debts -€16,698
down €16,698 (-37.7%), from €44,347 to €27,649
of which Remuneration and social security: -€16,817
- Gross operating margin -€121,533
down €121,533 (-20.6%), from €590,726 to €469,193
- Financial charges +€62,319
up €62,319 (+733%), from €8,502 to €70,821
- Taxes -€56,878
down €56,878 (-50.3%), from €113,062 to €56,184
- Staff costs -€6,734
down €6,734 (-3.3%), from €205,937 to €199,203
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 | €1,525,467 | €1,564,342 | +€38,876 | +2.5% |
| Fixed assets | 21/28 | €781,415 | €758,938 | -€22,477 | -2.9% |
| Tangible fixed assets | 22/27 | €81,372 | €58,895 | -€22,477 | -27.6% |
| Plant, machinery and equipment | 23 | €2,222 | €1,455 | -€768 | -34.5% |
| Furniture and vehicles | 24 | €79,149 | €57,440 | -€21,710 | -27.4% |
| Financial fixed assets | 28 | €700,044 | €700,044 | = | 0.0% |
| Current assets | 29/58 | €744,051 | €805,404 | +€61,353 | +8.2% |
| Stocks and contracts in progress | 3 | €99,141 | €109,780 | +€10,639 | +10.7% |
| Stocks | 30/36 | €16,478 | €38,754 | +€22,276 | +135% |
| Contracts in progress | 37 | €82,663 | €71,026 | -€11,637 | -14.1% |
| Amounts receivable within one year | 40/41 | €62,928 | €96,217 | +€33,290 | +52.9% |
| Trade receivables | 40 | €50,890 | €40,168 | -€10,722 | -21.1% |
| Other amounts receivable | 41 | €12,037 | €56,049 | +€44,012 | +366% |
| Current investments | 50/53 | €200,000 | €509,166 | +€309,166 | +155% |
| Cash at bank and in hand | 54/58 | €375,637 | €85,846 | -€289,791 | -77.1% |
| Deferred charges and accrued income | 490/1 | €6,345 | €4,395 | -€1,951 | -30.7% |
| Total equity and liabilities | 10/49 | €1,525,467 | €1,564,342 | +€38,876 | +2.5% |
| Equity | 10/15 | €863,233 | €991,097 | +€127,864 | +14.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €706,600 | €836,130 | +€129,530 | +18.3% |
| Distributable reserves | 133 | €706,600 | €836,130 | +€129,530 | +18.3% |
| Profit (loss) carried forward | 14 | €136,633 | €134,967 | -€1,666 | -1.2% |
| Amounts payable | 17/49 | €662,233 | €573,246 | -€88,988 | -13.4% |
| Amounts payable after more than one year | 17 | €438,663 | €355,530 | -€83,132 | -19.0% |
| Financial debts | 170/4 | €438,663 | €355,530 | -€83,132 | -19.0% |
| Amounts payable within one year | 42/48 | €219,063 | €217,707 | -€1,356 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €81,741 | €83,132 | +€1,392 | +1.7% |
| Trade debts | 44 | €3,001 | €1,908 | -€1,093 | -36.4% |
| Suppliers | 440/4 | €3,001 | €1,908 | -€1,093 | -36.4% |
| Advances received on contracts in progress | 46 | €88,813 | €103,352 | +€14,539 | +16.4% |
| Taxes, remuneration and social security | 45 | €44,347 | €27,649 | -€16,698 | -37.7% |
| Taxes | 450/3 | €19,444 | €19,564 | +€119 | +0.6% |
| Remuneration and social security | 454/9 | €24,902 | €8,085 | -€16,817 | -67.5% |
| Other amounts payable | 47/48 | €1,162 | €1,666 | +€504 | +43.4% |
| Accrued charges and deferred income | 492/3 | €4,508 | €8 | -€4,500 | -99.8% |
| Non-recurring operating income | 76A | €2,066 | - | -€2,066 | |
| Remuneration, social security and pensions | 62 | €205,937 | €199,203 | -€6,734 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,630 | €26,182 | +€2,552 | +10.8% |
| Other operating charges | 640/8 | €1,822 | €1,767 | -€55 | -3.0% |
| Gross operating margin | 9900 | €590,726 | €469,193 | -€121,533 | -20.6% |
| Operating profit (loss) | 9901 | €359,338 | €242,042 | -€117,296 | -32.6% |
| Financial income | 75/76B | €14,920 | €14,493 | -€427 | -2.9% |
| Recurring financial income | 75 | €14,920 | €14,493 | -€427 | -2.9% |
| Financial charges | 65/66B | €8,502 | €70,821 | +€62,319 | +733% |
| Recurring financial charges | 65 | €8,502 | €70,821 | +€62,319 | +733% |
| Profit (loss) for the period before taxes | 9903 | €365,755 | €185,714 | -€180,041 | -49.2% |
| Income taxes | 67/77 | €113,062 | €56,184 | -€56,878 | -50.3% |
| Profit (loss) for the period | 9904 | €252,693 | €129,530 | -€123,163 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €252,693 | €129,530 | -€123,163 | -48.7% |
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 16 October 2026 via checked.be.