IWBF: 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.
IWBF
Largest movements
- Financial fixed assets +€3.0m
new in 2025: €3.0m
- Receivables after one year +€1.3m
new in 2025: €1.3m
- Receivables within one year -€203,730
down €203,730 (-57.8%), from €352,480 to €148,750
of which Other amounts receivable: -€212,480
- Debts after one year +€4.1m
new in 2025: €4.1m
- Financial income +€9,262
up €9,262 (+89.4%), from €10,357 to €19,619
- Gross operating margin +€1,178
up €1,178 (+74.2%), from -€1,587 to -€410
- Other operating charges +€204
new in 2025: €204
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 | €352,480 | €4,436,931 | +€4.1m | +1158.8% |
| Fixed assets | 21/28 | - | €2,968,000 | +€3.0m | |
| Financial fixed assets | 28 | - | €2,968,000 | +€3.0m | |
| Current assets | 29/58 | €352,480 | €1,468,931 | +€1.1m | +316.7% |
| Amounts receivable after more than one year | 29 | - | €1,270,384 | +€1.3m | |
| Other amounts receivable | 291 | - | €1,270,384 | +€1.3m | |
| Amounts receivable within one year | 40/41 | €352,480 | €148,750 | -€203,730 | -57.8% |
| Trade receivables | 40 | - | €8,750 | +€8,750 | |
| Other amounts receivable | 41 | €352,480 | €140,000 | -€212,480 | -60.3% |
| Cash at bank and in hand | 54/58 | - | €9,719 | +€9,719 | |
| Deferred charges and accrued income | 490/1 | - | €40,078 | +€40,078 | |
| Total equity and liabilities | 10/49 | €352,480 | €4,436,931 | +€4.1m | +1158.8% |
| Equity | 10/15 | €352,092 | €371,020 | +€18,928 | +5.4% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €65,560 | €65,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,560 | €65,560 | = | 0.0% |
| Legal reserve | 130 | €65,560 | €65,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€613,468 | -€594,540 | +€18,928 | +3.1% |
| Amounts payable | 17/49 | €387 | €4,065,911 | +€4.1m | +1049573.7% |
| Amounts payable after more than one year | 17 | - | €4,062,875 | +€4.1m | |
| Financial debts | 170/4 | - | €4,062,875 | +€4.1m | |
| Amounts payable within one year | 42/48 | €387 | €3,036 | +€2,649 | +683.8% |
| Trade debts | 44 | €387 | €410 | +€22 | +5.7% |
| Suppliers | 440/4 | €387 | €410 | +€22 | +5.7% |
| Other amounts payable | 47/48 | - | €2,626 | +€2,626 | |
| Other operating charges | 640/8 | - | €204 | +€204 | |
| Gross operating margin | 9900 | -€1,587 | -€410 | +€1,178 | +74.2% |
| Operating profit (loss) | 9901 | -€1,587 | -€613 | +€974 | +61.4% |
| Financial income | 75/76B | €10,357 | €19,619 | +€9,262 | +89.4% |
| Recurring financial income | 75 | €10,357 | €19,619 | +€9,262 | +89.4% |
| Financial charges | 65/66B | €73 | €77 | +€4 | +5.7% |
| Recurring financial charges | 65 | €73 | €77 | +€4 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €8,697 | €18,928 | +€10,231 | +117.6% |
| Profit (loss) for the period | 9904 | €8,697 | €18,928 | +€10,231 | +117.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,697 | €18,928 | +€10,231 | +117.6% |
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.