IKBAL: 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.
IKBAL
Largest movements
- Receivables within one year -€317,421
no longer reported in 2023 (was €317,421)
- Tangible fixed assets -€158,245
no longer reported in 2023 (was €158,245)
- Cash -€31,090
down €31,090 (-100.0%), from €31,090 to €0
- Debts within one year -€207,994
down €207,994 (-67.4%), from €308,686 to €100,692
- Profit (loss) carried forward -€128,805
down €128,805, from €7,653 to -€121,152
- Debts after one year -€109,957
no longer reported in 2023 (was €109,957)
- Reserves -€60,000
down €60,000 (-97.0%), from €61,860 to €1,860
- Gross operating margin -€597,327
down €597,327 (-100.0%), from €597,327 to €0
- Taxes -€67,816
no longer reported in 2023 (was €67,816)
- Depreciation -€38,822
down €38,822 (-100.0%), from €38,822 to €0
From the 2020 result to the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €506,756 | €0 | -€506,756 | -100.0% |
| Fixed assets | 21/28 | €158,245 | - | -€158,245 | |
| Tangible fixed assets | 22/27 | €158,245 | - | -€158,245 | |
| Current assets | 29/58 | €348,511 | €0 | -€348,511 | -100.0% |
| Amounts receivable within one year | 40/41 | €317,421 | - | -€317,421 | |
| Cash at bank and in hand | 54/58 | €31,090 | €0 | -€31,090 | -100.0% |
| Total equity and liabilities | 10/49 | €506,756 | €0 | -€506,756 | -100.0% |
| Equity | 10/15 | €88,113 | -€100,692 | -€188,805 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €61,860 | €1,860 | -€60,000 | -97.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €7,653 | -€121,152 | -€128,805 | |
| Amounts payable | 17/49 | €418,643 | €100,692 | -€317,951 | -75.9% |
| Amounts payable after more than one year | 17 | €109,957 | - | -€109,957 | |
| Amounts payable within one year | 42/48 | €308,686 | €100,692 | -€207,994 | -67.4% |
| Trade debts | 44 | €97,092 | €0 | -€97,092 | -100.0% |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €100,692 | +€100,692 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,822 | €0 | -€38,822 | -100.0% |
| Gross operating margin | 9900 | €597,327 | €0 | -€597,327 | -100.0% |
| Operating profit (loss) | 9901 | €291,087 | €0 | -€291,087 | -100.0% |
| Recurring financial charges | 65 | €23,904 | - | -€23,904 | |
| Profit (loss) for the period before taxes | 9903 | €267,183 | €0 | -€267,183 | -100.0% |
| Income taxes | 67/77 | €67,816 | - | -€67,816 | |
| Profit (loss) for the period | 9904 | €199,367 | €0 | -€199,367 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €199,367 | €0 | -€199,367 | -100.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.