IBZE: what changed
IBZE
Largest movements
- Cash -€16,541
down €16,541 (-81.4%), from €20,331 to €3,790
mainly Other debts (-€33,071) and Stocks and contracts (-€6,278)
- Stocks and contracts +€6,278
up €6,278 (+11.3%), from €55,354 to €61,632
- Receivables within one year +€6,127
up €6,127 (+757%), from €809 to €6,937
of which Trade receivables: +€4,639
- Tangible fixed assets +€1,672
up €1,672 (+11.7%), from €14,319 to €15,990
of which Furniture and vehicles: +€2,478
- Other debts -€33,071
down €33,071 (-87.6%), from €37,749 to €4,678
- Current portion of long-term debt +€13,563
new in 2025: €13,563
- Trade debts +€12,404
up €12,404 (+70.2%), from €17,659 to €30,064
- Tax, wage and social debts +€7,282
up €7,282 (+40.3%), from €18,074 to €25,356
of which Taxes: +€4,687
- Profit (loss) carried forward -€2,147
new in 2025: -€2,147
- Gross operating margin +€8,551
up €8,551 (+61.9%), from €13,824 to €22,375
- Staff costs +€7,263
up €7,263 (+93.6%), from €7,757 to €15,020
- Financial charges +€3,447
up €3,447 (+1,616%), from €213 to €3,661
- Financial income -€2,067
down €2,067 (-96.9%), from €2,133 to €66
- Taxes -€924
down €924 (-29.7%), from €3,108 to €2,184
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 | €101,262 | €99,293 | -€1,969 | -1.9% |
| Fixed assets | 21/28 | €20,319 | €21,990 | +€1,672 | +8.2% |
| Tangible fixed assets | 22/27 | €14,319 | €15,990 | +€1,672 | +11.7% |
| Plant, machinery and equipment | 23 | €5,452 | €4,854 | -€599 | -11.0% |
| Furniture and vehicles | 24 | €6,994 | €9,471 | +€2,478 | +35.4% |
| Other tangible fixed assets | 26 | €1,873 | €1,666 | -€207 | -11.1% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €80,943 | €77,303 | -€3,640 | -4.5% |
| Stocks and contracts in progress | 3 | €55,354 | €61,632 | +€6,278 | +11.3% |
| Stocks | 30/36 | €55,354 | €61,632 | +€6,278 | +11.3% |
| Amounts receivable within one year | 40/41 | €809 | €6,937 | +€6,127 | +757% |
| Trade receivables | 40 | - | €4,639 | +€4,639 | |
| Other amounts receivable | 41 | €809 | €2,298 | +€1,489 | +184% |
| Cash at bank and in hand | 54/58 | €20,331 | €3,790 | -€16,541 | -81.4% |
| Deferred charges and accrued income | 490/1 | €4,449 | €4,944 | +€496 | +11.1% |
| Total equity and liabilities | 10/49 | €101,262 | €99,293 | -€1,969 | -1.9% |
| Equity | 10/15 | €27,780 | €25,633 | -€2,147 | -7.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,780 | €2,780 | = | 0.0% |
| Distributable reserves | 133 | €2,780 | €2,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,147 | -€2,147 | |
| Amounts payable | 17/49 | €73,482 | €73,661 | +€179 | +0.2% |
| Amounts payable within one year | 42/48 | €73,482 | €73,661 | +€179 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | - | €13,563 | +€13,563 | |
| Trade debts | 44 | €17,659 | €30,064 | +€12,404 | +70.2% |
| Suppliers | 440/4 | €17,659 | €30,064 | +€12,404 | +70.2% |
| Taxes, remuneration and social security | 45 | €18,074 | €25,356 | +€7,282 | +40.3% |
| Taxes | 450/3 | €17,992 | €22,679 | +€4,687 | +26.1% |
| Remuneration and social security | 454/9 | €82 | €2,677 | +€2,595 | +3,161% |
| Other amounts payable | 47/48 | €37,749 | €4,678 | -€33,071 | -87.6% |
| Remuneration, social security and pensions | 62 | €7,757 | €15,020 | +€7,263 | +93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,567 | €2,370 | +€803 | +51.2% |
| Other operating charges | 640/8 | €531 | €1,354 | +€822 | +155% |
| Gross operating margin | 9900 | €13,824 | €22,375 | +€8,551 | +61.9% |
| Operating profit (loss) | 9901 | €3,969 | €3,632 | -€337 | -8.5% |
| Financial income | 75/76B | €2,133 | €66 | -€2,067 | -96.9% |
| Recurring financial income | 75 | €2,133 | €66 | -€2,067 | -96.9% |
| Financial charges | 65/66B | €213 | €3,661 | +€3,447 | +1,616% |
| Recurring financial charges | 65 | €213 | €3,661 | +€3,447 | +1,616% |
| Profit (loss) for the period before taxes | 9903 | €5,888 | €37 | -€5,851 | -99.4% |
| Income taxes | 67/77 | €3,108 | €2,184 | -€924 | -29.7% |
| Profit (loss) for the period | 9904 | €2,780 | -€2,147 | -€4,927 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,780 | -€2,147 | -€4,927 |
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 3 November 2026 via checked.be.