I.B.A. ENGINEERING: 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.
I.B.A. ENGINEERING
Largest movements
- Receivables within one year -€3.5m
down €3.5m (-80.9%), from €4.3m to €820,448
of which Trade receivables: -€3.4m
- Cash +€2.4m
up €2.4m (+1013.9%), from €236,634 to €2.6m
mainly Receivables within one year (+€3.5m) and Advances received (+€1.0m)
- Stocks and contracts -€413,519
down €413,519 (-87.8%), from €471,145 to €57,626
of which Contracts in progress: -€406,894
- Trade debts -€1.5m
down €1.5m (-84.8%), from €1.8m to €271,997
- Advances received +€1.0m
new in 2025: €1.0m
- Short-term financial debts -€700,000
no longer reported in 2025 (was €700,000)
- Other debts -€244,011
down €244,011 (-96.6%), from €252,662 to €8,652
- Debts after one year -€75,677
down €75,677 (-11.0%), from €686,856 to €611,179
- Staff costs -€216,695
down €216,695 (-8.8%), from €2.5m to €2.2m
- Gross operating margin -€161,334
down €161,334 (-4.8%), from €3.4m to €3.2m
- Financial charges -€128,868
down €128,868 (-64.6%), from €199,554 to €70,686
- Taxes +€123,589
up €123,589 (+91.5%), from €135,008 to €258,598
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 | €5,384,402 | €3,925,743 | -€1.5m | -27.1% |
| Fixed assets | 21/28 | €298,722 | €307,360 | +€8,638 | +2.9% |
| Intangible fixed assets | 21 | €29,283 | €24,232 | -€5,051 | -17.2% |
| Tangible fixed assets | 22/27 | €253,624 | €259,638 | +€6,013 | +2.4% |
| Land and buildings | 22 | €175,085 | €166,948 | -€8,137 | -4.6% |
| Plant, machinery and equipment | 23 | €15,491 | €42,977 | +€27,486 | +177.4% |
| Furniture and vehicles | 24 | €58,866 | €49,713 | -€9,153 | -15.5% |
| Leasing and similar rights | 25 | €4,182 | €0 | -€4,182 | -100.0% |
| Financial fixed assets | 28 | €15,815 | €23,490 | +€7,675 | +48.5% |
| Current assets | 29/58 | €5,085,680 | €3,618,383 | -€1.5m | -28.9% |
| Stocks and contracts in progress | 3 | €471,145 | €57,626 | -€413,519 | -87.8% |
| Stocks | 30/36 | €64,251 | €57,626 | -€6,625 | -10.3% |
| Contracts in progress | 37 | €406,894 | €0 | -€406,894 | -100.0% |
| Amounts receivable within one year | 40/41 | €4,285,434 | €820,448 | -€3.5m | -80.9% |
| Trade receivables | 40 | €4,069,401 | €694,833 | -€3.4m | -82.9% |
| Other amounts receivable | 41 | €216,034 | €125,615 | -€90,419 | -41.9% |
| Cash at bank and in hand | 54/58 | €236,634 | €2,635,805 | +€2.4m | +1013.9% |
| Deferred charges and accrued income | 490/1 | €92,466 | €104,505 | +€12,039 | +13.0% |
| Total equity and liabilities | 10/49 | €5,384,402 | €3,925,743 | -€1.5m | -27.1% |
| Equity | 10/15 | €1,560,165 | €1,616,698 | +€56,532 | +3.6% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €1,532,500 | €1,588,500 | +€56,000 | +3.7% |
| Distributable reserves | 133 | €1,532,500 | €1,588,500 | +€56,000 | +3.7% |
| Profit (loss) carried forward | 14 | €397 | €929 | +€532 | +134.0% |
| Amounts payable | 17/49 | €3,824,236 | €2,309,045 | -€1.5m | -39.6% |
| Amounts payable after more than one year | 17 | €686,856 | €611,179 | -€75,677 | -11.0% |
| Financial debts | 170/4 | €686,856 | €611,179 | -€75,677 | -11.0% |
| Amounts payable within one year | 42/48 | €3,129,662 | €1,695,383 | -€1.4m | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €72,319 | €75,734 | +€3,415 | +4.7% |
| Financial debts | 43 | €700,000 | - | -€700,000 | |
| Credit institutions | 430/8 | €700,000 | - | -€700,000 | |
| Trade debts | 44 | €1,792,713 | €271,997 | -€1.5m | -84.8% |
| Suppliers | 440/4 | €1,792,713 | €271,997 | -€1.5m | -84.8% |
| Advances received on contracts in progress | 46 | - | €1,015,768 | +€1.0m | |
| Taxes, remuneration and social security | 45 | €311,968 | €323,232 | +€11,264 | +3.6% |
| Taxes | 450/3 | €32,100 | €74,600 | +€42,500 | +132.4% |
| Remuneration and social security | 454/9 | €279,868 | €248,632 | -€31,236 | -11.2% |
| Other amounts payable | 47/48 | €252,662 | €8,652 | -€244,011 | -96.6% |
| Accrued charges and deferred income | 492/3 | €7,718 | €2,484 | -€5,234 | -67.8% |
| Non-recurring operating income | 76A | €3,099 | €826 | -€2,273 | -73.3% |
| Remuneration, social security and pensions | 62 | €2,465,093 | €2,248,398 | -€216,695 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,424 | €69,250 | +€11,826 | +20.6% |
| Other operating charges | 640/8 | €22,920 | €24,392 | +€1,471 | +6.4% |
| Non-recurring operating charges | 66A | €98,762 | €6,672 | -€92,090 | -93.2% |
| Gross operating margin | 9900 | €3,350,441 | €3,189,106 | -€161,334 | -4.8% |
| Operating profit (loss) | 9901 | €706,241 | €840,394 | +€134,153 | +19.0% |
| Financial income | 75/76B | €54,611 | €45,422 | -€9,190 | -16.8% |
| Recurring financial income | 75 | €54,611 | €45,422 | -€9,190 | -16.8% |
| Financial charges | 65/66B | €199,554 | €70,686 | -€128,868 | -64.6% |
| Recurring financial charges | 65 | €199,554 | €70,686 | -€128,868 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €561,299 | €815,130 | +€253,831 | +45.2% |
| Income taxes | 67/77 | €135,008 | €258,598 | +€123,589 | +91.5% |
| Profit (loss) for the period | 9904 | €426,291 | €556,532 | +€130,241 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €426,291 | €556,532 | +€130,241 | +30.6% |
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 6 October 2026 via checked.be.