IBV ELEKTRO: 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.
IBV ELEKTRO
Largest movements
- Receivables within one year -€33,206
down €33,206 (-67.9%), from €48,920 to €15,713
of which Trade receivables: -€36,248
- Tangible fixed assets +€15,785
up €15,785 (+94.0%), from €16,796 to €32,581
of which Furniture and vehicles: +€16,289
- Stocks and contracts +€7,705
up €7,705 (+108%), from €7,104 to €14,809
of which Stocks: +€4,357
- Cash -€7,519
down €7,519 (-94.0%), from €8,001 to €483
mainly Investment in fixed assets (net) (-€24,589) and Net result for the year (-€9,521)
- Deferred charges and accrued income -€1,936
down €1,936 (-63.6%), from €3,044 to €1,108
- Profit (loss) carried forward -€9,521
new in 2025: -€9,521
- Other debts -€7,269
down €7,269 (-79.6%), from €9,130 to €1,861
- Debts after one year +€3,071
up €3,071 (+44.3%), from €6,929 to €10,000
- Short-term financial debts -€3,071
no longer reported in 2025 (was €3,071)
- Tax, wage and social debts -€2,301
no longer reported in 2025 (was €2,301)
- Gross operating margin -€8,071
down €8,071 (-94.3%), from €8,562 to €491
- Depreciation +€4,689
up €4,689 (+114%), from €4,115 to €8,804
- Taxes -€2,105
no longer reported in 2025 (was €2,105)
- Financial charges -€660
down €660 (-75.4%), from €876 to €216
- Other operating charges +€613
up €613 (+65.5%), from €936 to €1,548
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 | €83,866 | €64,694 | -€19,172 | -22.9% |
| Fixed assets | 21/28 | €16,797 | €32,582 | +€15,785 | +94.0% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -25.0% |
| Tangible fixed assets | 22/27 | €16,796 | €32,581 | +€15,785 | +94.0% |
| Plant, machinery and equipment | 23 | €3,033 | €2,529 | -€504 | -16.6% |
| Furniture and vehicles | 24 | €13,763 | €30,052 | +€16,289 | +118% |
| Current assets | 29/58 | €67,069 | €32,113 | -€34,957 | -52.1% |
| Stocks and contracts in progress | 3 | €7,104 | €14,809 | +€7,705 | +108% |
| Stocks | 30/36 | €7,104 | €11,461 | +€4,357 | +61.3% |
| Contracts in progress | 37 | €0 | €3,348 | +€3,348 | |
| Amounts receivable within one year | 40/41 | €48,920 | €15,713 | -€33,206 | -67.9% |
| Trade receivables | 40 | €47,322 | €11,074 | -€36,248 | -76.6% |
| Other amounts receivable | 41 | €1,598 | €4,639 | +€3,041 | +190% |
| Cash at bank and in hand | 54/58 | €8,001 | €483 | -€7,519 | -94.0% |
| Deferred charges and accrued income | 490/1 | €3,044 | €1,108 | -€1,936 | -63.6% |
| Total equity and liabilities | 10/49 | €83,866 | €64,694 | -€19,172 | -22.9% |
| Equity | 10/15 | €43,962 | €34,441 | -€9,521 | -21.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €40,462 | €40,462 | = | 0.0% |
| Distributable reserves | 133 | €40,462 | €40,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,521 | -€9,521 | |
| Amounts payable | 17/49 | €39,904 | €30,254 | -€9,650 | -24.2% |
| Amounts payable after more than one year | 17 | €6,929 | €10,000 | +€3,071 | +44.3% |
| Financial debts | 170/4 | €6,929 | €10,000 | +€3,071 | +44.3% |
| Amounts payable within one year | 42/48 | €32,685 | €20,254 | -€12,431 | -38.0% |
| Financial debts | 43 | €3,071 | - | -€3,071 | |
| Other loans | 439 | €3,071 | - | -€3,071 | |
| Trade debts | 44 | €18,184 | €18,393 | +€209 | +1.1% |
| Suppliers | 440/4 | €18,184 | €18,393 | +€209 | +1.1% |
| Taxes, remuneration and social security | 45 | €2,301 | - | -€2,301 | |
| Taxes | 450/3 | €2,301 | - | -€2,301 | |
| Other amounts payable | 47/48 | €9,130 | €1,861 | -€7,269 | -79.6% |
| Accrued charges and deferred income | 492/3 | €290 | - | -€290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,115 | €8,804 | +€4,689 | +114% |
| Other operating charges | 640/8 | €936 | €1,548 | +€613 | +65.5% |
| Gross operating margin | 9900 | €8,562 | €491 | -€8,071 | -94.3% |
| Operating profit (loss) | 9901 | €3,511 | -€9,860 | -€13,372 | |
| Financial income | 75/76B | €701 | €555 | -€146 | -20.8% |
| Recurring financial income | 75 | €701 | €555 | -€146 | -20.8% |
| Financial charges | 65/66B | €876 | €216 | -€660 | -75.4% |
| Recurring financial charges | 65 | €876 | €216 | -€660 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €3,336 | -€9,521 | -€12,857 | |
| Income taxes | 67/77 | €2,105 | - | -€2,105 | |
| Profit (loss) for the period | 9904 | €1,231 | -€9,521 | -€10,752 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,231 | -€9,521 | -€10,752 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.