IWBS: what changed
IWBS
Largest movements
- Cash +€40,966
up €40,966 (+128%), from €31,890 to €72,856
mainly Net result for the year (+€55,028) and Receivables within one year (+€20,535)
- Receivables within one year -€20,535
down €20,535 (-56.3%), from €36,482 to €15,947
of which Trade receivables: -€23,463
- Financial fixed assets +€20,000
new in 2025: €20,000
- Tangible fixed assets +€9,951
up €9,951 (+257%), from €3,868 to €13,819
of which Other tangible fixed assets: +€10,760
- Reserves +€55,028
up €55,028 (+89.7%), from €61,318 to €116,347
of which Distributable reserves: +€55,028
- Trade debts -€2,335
down €2,335 (-46.5%), from €5,020 to €2,685
- Tax, wage and social debts -€2,292
down €2,292 (-33.3%), from €6,873 to €4,581
- Gross operating margin -€1,797
down €1,797 (-2.5%), from €72,386 to €70,588
- Depreciation +€804
up €804 (+447%), from €180 to €983
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 | €73,212 | €123,613 | +€50,401 | +68.8% |
| Fixed assets | 21/28 | €3,868 | €33,819 | +€29,951 | +774% |
| Tangible fixed assets | 22/27 | €3,868 | €13,819 | +€9,951 | +257% |
| Furniture and vehicles | 24 | €3,868 | €3,059 | -€810 | -20.9% |
| Other tangible fixed assets | 26 | - | €10,760 | +€10,760 | |
| Financial fixed assets | 28 | - | €20,000 | +€20,000 | |
| Current assets | 29/58 | €69,343 | €89,794 | +€20,450 | +29.5% |
| Amounts receivable within one year | 40/41 | €36,482 | €15,947 | -€20,535 | -56.3% |
| Trade receivables | 40 | €35,418 | €11,955 | -€23,463 | -66.2% |
| Other amounts receivable | 41 | €1,064 | €3,992 | +€2,928 | +275% |
| Cash at bank and in hand | 54/58 | €31,890 | €72,856 | +€40,966 | +128% |
| Deferred charges and accrued income | 490/1 | €971 | €990 | +€19 | +2.0% |
| Total equity and liabilities | 10/49 | €73,212 | €123,613 | +€50,401 | +68.8% |
| Equity | 10/15 | €61,318 | €116,347 | +€55,028 | +89.7% |
| Reserves | 13 | €61,318 | €116,347 | +€55,028 | +89.7% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €57,318 | €112,347 | +€55,028 | +96.0% |
| Amounts payable | 17/49 | €11,893 | €7,266 | -€4,627 | -38.9% |
| Amounts payable within one year | 42/48 | €11,893 | €7,266 | -€4,627 | -38.9% |
| Trade debts | 44 | €5,020 | €2,685 | -€2,335 | -46.5% |
| Suppliers | 440/4 | €5,020 | €2,685 | -€2,335 | -46.5% |
| Taxes, remuneration and social security | 45 | €6,873 | €4,581 | -€2,292 | -33.3% |
| Taxes | 450/3 | €6,873 | €4,581 | -€2,292 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €983 | +€804 | +447% |
| Other operating charges | 640/8 | €253 | €147 | -€106 | -41.9% |
| Gross operating margin | 9900 | €72,386 | €70,588 | -€1,797 | -2.5% |
| Operating profit (loss) | 9901 | €71,953 | €69,458 | -€2,495 | -3.5% |
| Financial income | 75/76B | €6 | €163 | +€157 | +2,715% |
| Recurring financial income | 75 | €6 | €163 | +€157 | +2,715% |
| Financial charges | 65/66B | €59 | €76 | +€17 | +28.4% |
| Recurring financial charges | 65 | €59 | €76 | +€17 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €71,899 | €69,544 | -€2,355 | -3.3% |
| Income taxes | 67/77 | €14,581 | €14,516 | -€65 | -0.4% |
| Profit (loss) for the period | 9904 | €57,318 | €55,028 | -€2,290 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,318 | €55,028 | -€2,290 | -4.0% |
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.