IBSP: what changed
Two fiscal 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.
IBSP
Largest movements
- Tangible fixed assets -€14,588
down €14,588 (-20.7%), from €70,615 to €56,027
of which Land and buildings: -€10,391
- Profit (loss) carried forward -€15,497
down €15,497 (-4.4%), from -€350,454 to -€365,952
- Other debts +€1,709
up €1,709 (+0.6%), from €273,197 to €274,906
- Gross operating margin +€5,272
up €5,272 (+86.6%), from -€6,087 to -€815
- Depreciation -€4,726
down €4,726 (-24.5%), from €19,314 to €14,588
- Other operating charges -€384
no longer reported in 2025 (was €384)
- Financial charges -€166
down €166 (-63.7%), from €261 to €95
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.
Cash bridge derived
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 | €116,755 | €103,949 | -€12,806 | -11.0% |
| Fixed assets | 21/28 | €70,615 | €56,027 | -€14,588 | -20.7% |
| Tangible fixed assets | 22/27 | €70,615 | €56,027 | -€14,588 | -20.7% |
| Land and buildings | 22 | €62,345 | €51,954 | -€10,391 | -16.7% |
| Plant, machinery and equipment | 23 | €4,761 | €4,074 | -€687 | -14.4% |
| Other tangible fixed assets | 26 | €3,510 | - | -€3,510 | |
| Current assets | 29/58 | €46,140 | €47,922 | +€1,782 | +3.9% |
| Amounts receivable within one year | 40/41 | €43,454 | €44,262 | +€808 | +1.9% |
| Trade receivables | 40 | €38,000 | €38,000 | = | 0.0% |
| Other amounts receivable | 41 | €5,454 | €6,262 | +€808 | +14.8% |
| Cash at bank and in hand | 54/58 | €2,686 | €3,659 | +€973 | +36.2% |
| Total equity and liabilities | 10/49 | €116,755 | €103,949 | -€12,806 | -11.0% |
| Equity | 10/15 | -€231,662 | -€247,159 | -€15,497 | -6.7% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Outside capital | 11 | €118,600 | €118,600 | = | 0.0% |
| Other | 1109/19 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €192 | €192 | = | 0.0% |
| Non-distributable reserves | 130/1 | €192 | €192 | = | 0.0% |
| Reserves not available under the articles | 1311 | €192 | €192 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€350,454 | -€365,952 | -€15,497 | -4.4% |
| Amounts payable | 17/49 | €348,418 | €351,109 | +€2,691 | +0.8% |
| Amounts payable within one year | 42/48 | €348,418 | €351,109 | +€2,691 | +0.8% |
| Trade debts | 44 | €221 | €1,203 | +€982 | +445.0% |
| Suppliers | 440/4 | €221 | €1,203 | +€982 | +445.0% |
| Advances received on contracts in progress | 46 | €75,000 | €75,000 | = | 0.0% |
| Other amounts payable | 47/48 | €273,197 | €274,906 | +€1,709 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,314 | €14,588 | -€4,726 | -24.5% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | -€6,087 | -€815 | +€5,272 | +86.6% |
| Operating profit (loss) | 9901 | -€25,786 | -€15,403 | +€10,383 | +40.3% |
| Financial charges | 65/66B | €261 | €95 | -€166 | -63.7% |
| Recurring financial charges | 65 | €261 | €95 | -€166 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,046 | -€15,497 | +€10,549 | +40.5% |
| Profit (loss) for the period | 9904 | -€26,046 | -€15,497 | +€10,549 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,046 | -€15,497 | +€10,549 | +40.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.