IBS: what changed
IBS
Largest movements
- Stocks and contracts -€14,131
down €14,131 (-59.5%), from €23,739 to €9,609
- Receivables within one year +€13,031
up €13,031 (+8,079%), from €161 to €13,192
of which Trade receivables: +€13,061
- Cash +€12,553
up €12,553 (+1,259%), from €997 to €13,550
mainly Net result for the year (+€28,283) and Stocks and contracts (+€14,131)
- Tangible fixed assets +€982
up €982 (+165%), from €596 to €1,578
- Deferred charges and accrued income -€464
down €464 (-53.2%), from €874 to €409
- Profit (loss) carried forward +€22,160
no longer reported in 2025 (was -€22,160)
- Other debts -€17,108
down €17,108 (-41.1%), from €41,640 to €24,532
- Reserves +€6,123
new in 2025: €6,123
- Tax, wage and social debts +€950
up €950 (+34.4%), from €2,759 to €3,709
- Gross operating margin +€63,645
up €63,645, from -€18,885 to €44,759
- Write-downs +€9,609
new in 2025: €9,609
- Taxes +€3,277
up €3,277 (+1,540%), from €213 to €3,490
- Depreciation -€2,268
down €2,268 (-75.6%), from €2,999 to €731
- Other operating charges -€945
down €945 (-39.1%), from €2,417 to €1,473
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,368 | €38,338 | +€11,970 | +45.4% |
| Fixed assets | 21/28 | €596 | €1,578 | +€982 | +165% |
| Tangible fixed assets | 22/27 | €596 | €1,578 | +€982 | +165% |
| Furniture and vehicles | 24 | €596 | €1,578 | +€982 | +165% |
| Current assets | 29/58 | €25,772 | €36,760 | +€10,989 | +42.6% |
| Stocks and contracts in progress | 3 | €23,739 | €9,609 | -€14,131 | -59.5% |
| Stocks | 30/36 | €23,739 | €9,609 | -€14,131 | -59.5% |
| Amounts receivable within one year | 40/41 | €161 | €13,192 | +€13,031 | +8,079% |
| Trade receivables | 40 | €131 | €13,192 | +€13,061 | +9,974% |
| Other amounts receivable | 41 | €30 | - | -€30 | |
| Cash at bank and in hand | 54/58 | €997 | €13,550 | +€12,553 | +1,259% |
| Deferred charges and accrued income | 490/1 | €874 | €409 | -€464 | -53.2% |
| Total equity and liabilities | 10/49 | €26,368 | €38,338 | +€11,970 | +45.4% |
| Equity | 10/15 | -€20,160 | €8,123 | +€28,283 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €6,123 | +€6,123 | |
| Distributable reserves | 133 | - | €6,123 | +€6,123 | |
| Profit (loss) carried forward | 14 | -€22,160 | - | +€22,160 | |
| Amounts payable | 17/49 | €46,528 | €30,215 | -€16,313 | -35.1% |
| Amounts payable within one year | 42/48 | €46,528 | €30,215 | -€16,313 | -35.1% |
| Financial debts | 43 | €67 | €46 | -€21 | -31.9% |
| Credit institutions | 430/8 | €67 | €46 | -€21 | -31.9% |
| Trade debts | 44 | €2,061 | €1,928 | -€133 | -6.5% |
| Suppliers | 440/4 | €2,061 | €1,928 | -€133 | -6.5% |
| Taxes, remuneration and social security | 45 | €2,759 | €3,709 | +€950 | +34.4% |
| Taxes | 450/3 | €2,759 | €3,709 | +€950 | +34.4% |
| Other amounts payable | 47/48 | €41,640 | €24,532 | -€17,108 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,999 | €731 | -€2,268 | -75.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,609 | +€9,609 | |
| Other operating charges | 640/8 | €2,417 | €1,473 | -€945 | -39.1% |
| Gross operating margin | 9900 | -€18,885 | €44,759 | +€63,645 | |
| Operating profit (loss) | 9901 | -€24,301 | €32,947 | +€57,248 | |
| Financial income | 75/76B | €34 | €2 | -€32 | -94.6% |
| Recurring financial income | 75 | €34 | €2 | -€32 | -94.6% |
| Financial charges | 65/66B | €1,411 | €1,176 | -€235 | -16.7% |
| Recurring financial charges | 65 | €1,411 | €1,176 | -€235 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,679 | €31,773 | +€57,452 | |
| Income taxes | 67/77 | €213 | €3,490 | +€3,277 | +1,540% |
| Profit (loss) for the period | 9904 | -€25,891 | €28,283 | +€54,175 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,891 | €28,283 | +€54,175 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.