IBUCOM: what changed
IBUCOM
Largest movements
- Receivables within one year -€40,710
down €40,710 (-99.4%), from €40,964 to €254
of which Other amounts receivable: -€39,777
- Tangible fixed assets -€11,999
down €11,999 (-25.2%), from €47,661 to €35,662
of which Land and buildings: -€8,668
- Cash -€9,095
down €9,095 (-15.4%), from €59,095 to €50,000
mainly Other debts (-€60,937) and Debts after one year (-€7,387)
- Other debts -€60,937
down €60,937 (-82.2%), from €74,165 to €13,228
- Debts after one year -€7,387
down €7,387 (-17.7%), from €41,779 to €34,392
- Profit (loss) carried forward +€3,664
up €3,664 (+14.6%), from -€25,156 to -€21,492
- Trade debts +€1,725
up €1,725 (+948%), from €182 to €1,907
- Gross operating margin +€8,971
up €8,971, from -€1,309 to €7,662
- Financial income +€1,546
up €1,546 (+15.4%), from €10,038 to €11,584
- Depreciation -€467
down €467 (-3.7%), from €12,466 to €11,999
- Financial charges -€183
down €183 (-8.8%), from €2,089 to €1,906
- Other operating charges +€132
up €132 (+8.5%), from €1,545 to €1,677
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,413 | €90,582 | -€62,831 | -41.0% |
| Fixed assets | 21/28 | €47,661 | €35,662 | -€11,999 | -25.2% |
| Tangible fixed assets | 22/27 | €47,661 | €35,662 | -€11,999 | -25.2% |
| Land and buildings | 22 | €40,548 | €31,880 | -€8,668 | -21.4% |
| Plant, machinery and equipment | 23 | €397 | €143 | -€254 | -64.0% |
| Furniture and vehicles | 24 | €6,716 | €3,639 | -€3,077 | -45.8% |
| Current assets | 29/58 | €105,752 | €54,920 | -€50,832 | -48.1% |
| Amounts receivable within one year | 40/41 | €40,964 | €254 | -€40,710 | -99.4% |
| Trade receivables | 40 | €933 | - | -€933 | |
| Other amounts receivable | 41 | €40,031 | €254 | -€39,777 | -99.4% |
| Cash at bank and in hand | 54/58 | €59,095 | €50,000 | -€9,095 | -15.4% |
| Deferred charges and accrued income | 490/1 | €5,693 | €4,666 | -€1,027 | -18.0% |
| Total equity and liabilities | 10/49 | €153,413 | €90,582 | -€62,831 | -41.0% |
| Equity | 10/15 | €29,454 | €33,118 | +€3,664 | +12.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €4,610 | €4,610 | = | 0.0% |
| Distributable reserves | 133 | €4,610 | €4,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,156 | -€21,492 | +€3,664 | +14.6% |
| Amounts payable | 17/49 | €123,959 | €57,464 | -€66,495 | -53.6% |
| Amounts payable after more than one year | 17 | €41,779 | €34,392 | -€7,387 | -17.7% |
| Financial debts | 170/4 | €41,779 | €34,392 | -€7,387 | -17.7% |
| Amounts payable within one year | 42/48 | €82,180 | €23,072 | -€59,108 | -71.9% |
| Current portion of amounts payable after more than one year | 42 | €7,833 | €7,937 | +€104 | +1.3% |
| Trade debts | 44 | €182 | €1,907 | +€1,725 | +948% |
| Suppliers | 440/4 | €182 | €1,907 | +€1,725 | +948% |
| Other amounts payable | 47/48 | €74,165 | €13,228 | -€60,937 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,466 | €11,999 | -€467 | -3.7% |
| Other operating charges | 640/8 | €1,545 | €1,677 | +€132 | +8.5% |
| Gross operating margin | 9900 | -€1,309 | €7,662 | +€8,971 | |
| Operating profit (loss) | 9901 | -€15,320 | -€6,014 | +€9,306 | +60.7% |
| Financial income | 75/76B | €10,038 | €11,584 | +€1,546 | +15.4% |
| Recurring financial income | 75 | €10,038 | €11,584 | +€1,546 | +15.4% |
| Financial charges | 65/66B | €2,089 | €1,906 | -€183 | -8.8% |
| Recurring financial charges | 65 | €2,089 | €1,906 | -€183 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,371 | €3,664 | +€11,035 | |
| Profit (loss) for the period | 9904 | -€7,371 | €3,664 | +€11,035 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,371 | €3,664 | +€11,035 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.