IBS BENELUX: what changed
IBS BENELUX
Largest movements
- Receivables within one year +€78,312
up €78,312 (+285%), from €27,469 to €105,781
- Cash +€18,993
up €18,993 (+39.3%), from €48,323 to €67,316
mainly Trade debts (+€94,473) and Depreciation (+€9,822)
- Tangible fixed assets -€5,253
down €5,253 (-30.9%), from €16,996 to €11,743
- Trade debts +€94,473
up €94,473 (+45.6%), from €207,373 to €301,846
of which Suppliers: +€65,133
- Advances received -€5,500
down €5,500 (-55.0%), from €10,000 to €4,500
- Profit (loss) carried forward +€5,068
up €5,068 (+4.3%), from -€118,057 to -€112,989
- Staff costs -€32,617
down €32,617 (-100%), from €32,617 to €0
- Gross operating margin +€24,741
up €24,741, from -€8,863 to €15,878
- Depreciation +€1,370
up €1,370 (+16.2%), from €8,452 to €9,822
- Financial charges -€230
down €230 (-56.9%), from €404 to €174
- Taxes +€226
up €226 (+162%), from €140 to €365
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 | €130,624 | €224,203 | +€93,579 | +71.6% |
| Fixed assets | 21/28 | €16,996 | €11,743 | -€5,253 | -30.9% |
| Tangible fixed assets | 22/27 | €16,996 | €11,743 | -€5,253 | -30.9% |
| Furniture and vehicles | 24 | €16,996 | €11,743 | -€5,253 | -30.9% |
| Current assets | 29/58 | €113,628 | €212,460 | +€98,832 | +87.0% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,469 | €105,781 | +€78,312 | +285% |
| Trade receivables | 40 | €27,469 | €105,781 | +€78,312 | +285% |
| Cash at bank and in hand | 54/58 | €48,323 | €67,316 | +€18,993 | +39.3% |
| Deferred charges and accrued income | 490/1 | €2,836 | €4,363 | +€1,527 | +53.8% |
| Total equity and liabilities | 10/49 | €130,624 | €224,203 | +€93,579 | +71.6% |
| Equity | 10/15 | -€103,057 | -€97,989 | +€5,068 | +4.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,057 | -€112,989 | +€5,068 | +4.3% |
| Amounts payable | 17/49 | €233,680 | €322,192 | +€88,511 | +37.9% |
| Amounts payable within one year | 42/48 | €233,680 | €322,192 | +€88,511 | +37.9% |
| Trade debts | 44 | €207,373 | €301,846 | +€94,473 | +45.6% |
| Suppliers | 440/4 | €207,373 | €272,506 | +€65,133 | +31.4% |
| Bills of exchange payable | 441 | - | €29,340 | +€29,340 | |
| Advances received on contracts in progress | 46 | €10,000 | €4,500 | -€5,500 | -55.0% |
| Taxes, remuneration and social security | 45 | €13,404 | €13,952 | +€548 | +4.1% |
| Taxes | 450/3 | €12,420 | €13,952 | +€1,532 | +12.3% |
| Remuneration and social security | 454/9 | €984 | €0 | -€984 | -100% |
| Other amounts payable | 47/48 | €2,903 | €1,894 | -€1,009 | -34.8% |
| Remuneration, social security and pensions | 62 | €32,617 | €0 | -€32,617 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,452 | €9,822 | +€1,370 | +16.2% |
| Other operating charges | 640/8 | €1,385 | €1,365 | -€20 | -1.4% |
| Gross operating margin | 9900 | -€8,863 | €15,878 | +€24,741 | |
| Operating profit (loss) | 9901 | -€51,317 | €4,691 | +€56,007 | |
| Financial income | 75/76B | €917 | €917 | = | 0.0% |
| Recurring financial income | 75 | €917 | €917 | = | 0.0% |
| Financial charges | 65/66B | €404 | €174 | -€230 | -56.9% |
| Recurring financial charges | 65 | €404 | €174 | -€230 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | -€50,804 | €5,433 | +€56,238 | |
| Income taxes | 67/77 | €140 | €365 | +€226 | +162% |
| Profit (loss) for the period | 9904 | -€50,944 | €5,068 | +€56,012 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,944 | €5,068 | +€56,012 |
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 8 November 2026 via checked.be.