IBTECH: 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.
IBTECH
Largest movements
- Cash -€12,645
down €12,645 (-80.7%), from €15,675 to €3,031
mainly Net result for the year (-€57,160) and Investment in fixed assets (net) (-€42,709)
- Tangible fixed assets -€4,822
down €4,822 (-1.1%), from €429,873 to €425,051
of which Land and buildings: -€29,593
- Profit (loss) carried forward -€57,160
down €57,160 (-55.9%), from -€102,189 to -€159,349
- Debts after one year +€43,858
up €43,858 (+17.4%), from €251,344 to €295,202
of which Financial debts: +€43,858
- Current portion of long-term debt -€9,317
down €9,317 (-45.5%), from €20,459 to €11,142
- Accrued charges and deferred income +€8,312
up €8,312 (+58.3%), from €14,251 to €22,563
- Other debts -€6,282
down €6,282 (-26.0%), from €24,173 to €17,891
- Gross operating margin +€4,113
up €4,113 (+60.9%), from €6,748 to €10,861
- Financial charges -€3,657
down €3,657 (-19.9%), from €18,331 to €14,674
- Depreciation +€1,292
up €1,292 (+2.8%), from €46,239 to €47,531
- Other operating charges -€314
down €314 (-5.3%), from €5,977 to €5,663
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 | €448,510 | €433,381 | -€15,128 | -3.4% |
| Fixed assets | 21/28 | €429,873 | €425,051 | -€4,822 | -1.1% |
| Tangible fixed assets | 22/27 | €429,873 | €425,051 | -€4,822 | -1.1% |
| Land and buildings | 22 | €375,228 | €345,635 | -€29,593 | -7.9% |
| Furniture and vehicles | 24 | €35,079 | €23,073 | -€12,006 | -34.2% |
| Other tangible fixed assets | 26 | €19,566 | €56,342 | +€36,776 | +188.0% |
| Current assets | 29/58 | €18,637 | €8,331 | -€10,306 | -55.3% |
| Amounts receivable within one year | 40/41 | €1,141 | €3,185 | +€2,044 | +179.2% |
| Trade receivables | 40 | €0 | €2,754 | +€2,754 | |
| Other amounts receivable | 41 | €1,141 | €431 | -€710 | -62.2% |
| Cash at bank and in hand | 54/58 | €15,675 | €3,031 | -€12,645 | -80.7% |
| Deferred charges and accrued income | 490/1 | €1,821 | €2,115 | +€295 | +16.2% |
| Total equity and liabilities | 10/49 | €448,510 | €433,381 | -€15,128 | -3.4% |
| Equity | 10/15 | €137,671 | €80,511 | -€57,160 | -41.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €233,660 | €233,660 | = | 0.0% |
| Distributable reserves | 133 | €233,660 | €233,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,189 | -€159,349 | -€57,160 | -55.9% |
| Amounts payable | 17/49 | €310,839 | €352,871 | +€42,032 | +13.5% |
| Amounts payable after more than one year | 17 | €251,344 | €295,202 | +€43,858 | +17.4% |
| Financial debts | 170/4 | €248,044 | €291,902 | +€43,858 | +17.7% |
| Other amounts payable | 178/9 | €3,300 | €3,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,243 | €35,105 | -€10,138 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €20,459 | €11,142 | -€9,317 | -45.5% |
| Trade debts | 44 | €611 | €2,666 | +€2,054 | +336.1% |
| Suppliers | 440/4 | €611 | €2,666 | +€2,054 | +336.1% |
| Taxes, remuneration and social security | 45 | €0 | €3,406 | +€3,406 | |
| Taxes | 450/3 | €0 | €3,406 | +€3,406 | |
| Other amounts payable | 47/48 | €24,173 | €17,891 | -€6,282 | -26.0% |
| Accrued charges and deferred income | 492/3 | €14,251 | €22,563 | +€8,312 | +58.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,239 | €47,531 | +€1,292 | +2.8% |
| Other operating charges | 640/8 | €5,977 | €5,663 | -€314 | -5.3% |
| Gross operating margin | 9900 | €6,748 | €10,861 | +€4,113 | +60.9% |
| Operating profit (loss) | 9901 | -€45,467 | -€42,332 | +€3,135 | +6.9% |
| Financial income | 75/76B | €50 | €0 | -€50 | -99.5% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -99.5% |
| Financial charges | 65/66B | €18,331 | €14,674 | -€3,657 | -19.9% |
| Recurring financial charges | 65 | €18,331 | €14,674 | -€3,657 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€63,748 | -€57,006 | +€6,742 | +10.6% |
| Income taxes | 67/77 | €154 | €154 | +€0 | +0.2% |
| Profit (loss) for the period | 9904 | -€63,902 | -€57,160 | +€6,741 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,902 | -€57,160 | +€6,741 | +10.5% |
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 6 October 2026 via checked.be.