IBS Trading: 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.
IBS Trading
Largest movements
- Tangible fixed assets +€290,690
new in 2025: €290,690
of which Land and buildings: +€268,100
- Receivables within one year +€10,986
up €10,986 (+1,019%), from €1,079 to €12,065
of which Trade receivables: +€10,989
- Cash +€6,083
up €6,083 (+1,687%), from €360 to €6,443
mainly Debts after one year (+€205,204) and Contributions, distributions and other (+€47,359)
- Debts after one year +€205,204
new in 2025: €205,204
- Current portion of long-term debt +€31,854
new in 2025: €31,854
- Reserves +€31,098
new in 2025: €31,098
of which Distributable reserves: +€29,865
- Contributions +€12,327
up €12,327 (+61.6%), from €20,000 to €32,327
- Tax, wage and social debts +€8,696
new in 2025: €8,696
- Gross operating margin +€38,909
up €38,909, from -€162 to €38,747
- Depreciation +€25,380
new in 2025: €25,380
- Financial charges +€5,008
up €5,008 (+2,090%), from €240 to €5,247
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 | €1,439 | €309,198 | +€307,759 | +21,387% |
| Fixed assets | 21/28 | - | €290,690 | +€290,690 | |
| Tangible fixed assets | 22/27 | - | €290,690 | +€290,690 | |
| Land and buildings | 22 | - | €268,100 | +€268,100 | |
| Plant, machinery and equipment | 23 | - | €22,590 | +€22,590 | |
| Current assets | 29/58 | €1,439 | €18,508 | +€17,069 | +1,186% |
| Amounts receivable within one year | 40/41 | €1,079 | €12,065 | +€10,986 | +1,019% |
| Trade receivables | 40 | €1,076 | €12,065 | +€10,989 | +1,021% |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Cash at bank and in hand | 54/58 | €360 | €6,443 | +€6,083 | +1,687% |
| Total equity and liabilities | 10/49 | €1,439 | €309,198 | +€307,759 | +21,387% |
| Equity | 10/15 | -€9,990 | €45,138 | +€55,128 | |
| Contributions | 10/11 | €20,000 | €32,327 | +€12,327 | +61.6% |
| Reserves | 13 | - | €31,098 | +€31,098 | |
| Non-distributable reserves | 130/1 | - | €1,233 | +€1,233 | |
| Reserves not available under the articles | 1311 | - | €1,233 | +€1,233 | |
| Distributable reserves | 133 | - | €29,865 | +€29,865 | |
| Profit (loss) carried forward | 14 | -€29,990 | -€22,079 | +€7,911 | +26.4% |
| Investment grants | 15 | - | €3,793 | +€3,793 | |
| Amounts payable | 17/49 | €11,429 | €264,059 | +€252,631 | +2,210% |
| Amounts payable after more than one year | 17 | - | €205,204 | +€205,204 | |
| Financial debts | 170/4 | - | €205,204 | +€205,204 | |
| Amounts payable within one year | 42/48 | €11,429 | €58,855 | +€47,426 | +415% |
| Current portion of amounts payable after more than one year | 42 | - | €31,854 | +€31,854 | |
| Trade debts | 44 | - | €3,296 | +€3,296 | |
| Suppliers | 440/4 | - | €3,296 | +€3,296 | |
| Taxes, remuneration and social security | 45 | - | €8,696 | +€8,696 | |
| Taxes | 450/3 | - | €8,696 | +€8,696 | |
| Other amounts payable | 47/48 | €11,429 | €15,010 | +€3,581 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €25,380 | +€25,380 | |
| Other operating charges | 640/8 | - | €350 | +€350 | |
| Gross operating margin | 9900 | -€162 | €38,747 | +€38,909 | |
| Operating profit (loss) | 9901 | -€162 | €13,017 | +€13,179 | |
| Financial charges | 65/66B | €240 | €5,247 | +€5,008 | +2,090% |
| Recurring financial charges | 65 | €240 | €5,247 | +€5,008 | +2,090% |
| Profit (loss) for the period before taxes | 9903 | -€402 | €7,770 | +€8,172 | |
| Profit (loss) for the period | 9904 | -€402 | €7,770 | +€8,172 | |
| Profit (loss) for the period to be appropriated | 9905 | -€402 | €7,770 | +€8,172 |
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 24 October 2026 via checked.be.