IBA INVESTMENTS: 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.
IBA INVESTMENTS
Largest movements
- Cash +€218,078
up €218,078 (+55.1%), from €395,880 to €613,958
mainly Investment in fixed assets (net) (+€136,706) and Trade debts (+€38,033)
- Financial fixed assets -€136,706
down €136,706 (-2.1%), from €6.4m to €6.3m
of which Companies linked by participating interests: -€110,720
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€98,566
down €98,566 (-53.4%), from €184,594 to €86,028
of which Non-recurring financial income: -€97,709
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 | €6,914,875 | €6,969,435 | +€54,560 | +0.8% |
| Fixed assets | 21/28 | €6,408,370 | €6,271,664 | -€136,706 | -2.1% |
| Financial fixed assets | 28 | €6,408,370 | €6,271,664 | -€136,706 | -2.1% |
| Affiliated companies | 280/1 | €697,477 | €671,491 | -€25,986 | -3.7% |
| Participating interests | 280 | €697,477 | €671,491 | -€25,986 | -3.7% |
| Companies linked by participating interests | 282/3 | €5,710,893 | €5,600,173 | -€110,720 | -1.9% |
| Amounts receivable | 283 | €5,710,893 | €5,600,173 | -€110,720 | -1.9% |
| Current assets | 29/58 | €506,505 | €697,771 | +€191,266 | +37.8% |
| Amounts receivable within one year | 40/41 | €110,625 | €83,813 | -€26,812 | -24.2% |
| Other amounts receivable | 41 | €110,625 | €83,813 | -€26,812 | -24.2% |
| Cash at bank and in hand | 54/58 | €395,880 | €613,958 | +€218,078 | +55.1% |
| Total equity and liabilities | 10/49 | €6,914,875 | €6,969,435 | +€54,560 | +0.8% |
| Equity | 10/15 | €5,276,365 | €5,277,564 | +€1,199 | 0.0% |
| Contributions | 10/11 | €669,313 | €669,313 | = | 0.0% |
| Capital | 10 | €669,313 | €669,313 | = | 0.0% |
| Issued capital | 100 | €1,360,000 | €1,360,000 | = | 0.0% |
| Uncalled capital | 101 | €690,687 | €690,687 | = | 0.0% |
| Reserves | 13 | €264,495 | €264,495 | = | 0.0% |
| Non-distributable reserves | 130/1 | €264,495 | €264,495 | = | 0.0% |
| Legal reserve | 130 | €264,495 | €264,495 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,342,557 | €4,343,756 | +€1,199 | 0.0% |
| Amounts payable | 17/49 | €1,638,510 | €1,691,871 | +€53,361 | +3.3% |
| Amounts payable within one year | 42/48 | €1,552,343 | €1,590,376 | +€38,033 | +2.5% |
| Financial debts | 43 | €1,540,405 | €1,540,405 | = | 0.0% |
| Other loans | 439 | €1,540,405 | €1,540,405 | = | 0.0% |
| Trade debts | 44 | €11,938 | €49,971 | +€38,033 | +319% |
| Suppliers | 440/4 | €11,938 | €49,971 | +€38,033 | +319% |
| Accrued charges and deferred income | 492/3 | €86,167 | €101,495 | +€15,328 | +17.8% |
| Operating charges | 60/66A | €47,592 | €43,466 | -€4,126 | -8.7% |
| Services and other goods | 61 | €39,677 | €36,803 | -€2,874 | -7.2% |
| Other operating charges | 640/8 | €7,915 | €6,663 | -€1,252 | -15.8% |
| Operating profit (loss) | 9901 | -€47,592 | -€43,466 | +€4,126 | +8.7% |
| Financial income | 75/76B | €184,594 | €86,028 | -€98,566 | -53.4% |
| Recurring financial income | 75 | €86,885 | €86,028 | -€857 | -1.0% |
| Income from financial fixed assets | 750 | €86,885 | €86,028 | -€857 | -1.0% |
| Non-recurring financial income | 76B | €97,709 | - | -€97,709 | |
| Financial charges | 65/66B | €15,712 | €41,364 | +€25,652 | +163% |
| Recurring financial charges | 65 | €15,712 | €15,378 | -€334 | -2.1% |
| Debt charges | 650 | €15,661 | €15,618 | -€43 | -0.3% |
| Other financial charges | 652/9 | €51 | -€240 | -€291 | |
| Non-recurring financial charges | 66B | - | €25,986 | +€25,986 | |
| Profit (loss) for the period before taxes | 9903 | €121,290 | €1,198 | -€120,092 | -99.0% |
| Profit (loss) for the period | 9904 | €121,290 | €1,198 | -€120,092 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,290 | €1,198 | -€120,092 | -99.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.