I.B.I.S.: 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.
What changed
I.B.I.S.
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€149,454
2024 · €186,773-€37,319
Equity
€5.1m
2024 · €5.0m+€149,454
Cash
€635,797
2024 · €389,342+€246,454
Balance sheet total
€10.4m
2024 · €10.4m+€78,348
Largest movements
Assets
- Tangible fixed assets -€325,642
down €325,642 (-3.8%), from €8.7m to €8.3m
of which Land and buildings: -€324,571
- Cash +€246,454
up €246,454 (+63.3%), from €389,342 to €635,797
mainly Depreciation (+€358,337) and Net result for the year (+€149,454)
- Receivables after one year +€109,010
up €109,010 (+16.9%), from €645,435 to €754,445
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Staff costs +€55,978
new in 2025: €55,978
- Gross operating margin -€26,293
down €26,293 (-3.3%), from €798,202 to €771,908
- Other operating charges -€24,459
down €24,459 (-47.8%), from €51,131 to €26,672
- Taxes -€18,206
down €18,206 (-23.7%), from €76,893 to €58,686
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.
Result 2024
€186,773
Gross operating margin
-€26,293
Staff costs
-€55,978
Depreciation
+€1,620
Other operating charges
+€24,459
Financial income
-€3,702
Financial charges
+€4,369
Taxes
+€18,206
Result 2025
€149,454
raises the resultlowers the result
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.
From operations
+€331,625
Investment
-€32,695
Financing
-€52,476
Cash 2024
€389,342
From operations (derived)
+€331,625
Net result for the year
+€149,454
Depreciation
+€358,337
Receivables after one year
-€109,010
Receivables within one year
-€38,727
Deferred charges and accrued income
-€9,798
Provisions
-€11,818
Trade debts
+€66,236
Tax, wage and social debts
+€5,793
Advances received
+€77,646
Other debts
-€79,392
Accrued charges and deferred income
-€77,095
Investment (derived)
-€32,695
Investment in fixed assets (net)
-€32,695
Financing
-€52,476
Debts after one year
-€18,963
Current portion of long-term debt
+€1,144
Short-term financial debts
-€34,656
Cash 2025
€635,797
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,356,011 | €10,434,359 | +€78,348 | +0.8% |
| Fixed assets | 21/28 | €8,658,585 | €8,332,944 | -€325,642 | -3.8% |
| Tangible fixed assets | 22/27 | €8,658,585 | €8,332,944 | -€325,642 | -3.8% |
| Land and buildings | 22 | €8,635,022 | €8,310,451 | -€324,571 | -3.8% |
| Plant, machinery and equipment | 23 | €4,594 | €3,523 | -€1,071 | -23.3% |
| Furniture and vehicles | 24 | €18,969 | €18,969 | = | 0.0% |
| Current assets | 29/58 | €1,697,426 | €2,101,415 | +€403,990 | +23.8% |
| Amounts receivable after more than one year | 29 | €645,435 | €754,445 | +€109,010 | +16.9% |
| Other amounts receivable | 291 | €645,435 | €754,445 | +€109,010 | +16.9% |
| Amounts receivable within one year | 40/41 | €634,919 | €673,647 | +€38,727 | +6.1% |
| Trade receivables | 40 | €413,061 | €1,701 | -€411,361 | -99.6% |
| Other amounts receivable | 41 | €221,858 | €671,946 | +€450,088 | +203% |
| Cash at bank and in hand | 54/58 | €389,342 | €635,797 | +€246,454 | +63.3% |
| Deferred charges and accrued income | 490/1 | €27,729 | €37,527 | +€9,798 | +35.3% |
| Total equity and liabilities | 10/49 | €10,356,011 | €10,434,359 | +€78,348 | +0.8% |
| Equity | 10/15 | €4,950,773 | €5,100,227 | +€149,454 | +3.0% |
| Contributions | 10/11 | €3,200,000 | €3,200,000 | = | 0.0% |
| Capital | 10 | €3,200,000 | €3,200,000 | = | 0.0% |
| Issued capital | 100 | €3,200,000 | €3,200,000 | = | 0.0% |
| Reserves | 13 | €1,125,210 | €1,185,166 | +€59,956 | +5.3% |
| Non-distributable reserves | 130/1 | €118,500 | €125,500 | +€7,000 | +5.9% |
| Legal reserve | 130 | €118,500 | €125,500 | +€7,000 | +5.9% |
| Tax-exempt reserves | 132 | €991,355 | €1,044,311 | +€52,956 | +5.3% |
| Distributable reserves | 133 | €15,355 | €15,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | €625,563 | €715,061 | +€89,498 | +14.3% |
| Provisions and deferred taxes | 16 | €324,202 | €312,384 | -€11,818 | -3.6% |
| Deferred taxes | 168 | €324,202 | €312,384 | -€11,818 | -3.6% |
| Amounts payable | 17/49 | €5,081,036 | €5,021,748 | -€59,288 | -1.2% |
| Amounts payable after more than one year | 17 | €4,211,468 | €4,192,504 | -€18,963 | -0.5% |
| Financial debts | 170/4 | €4,075,693 | €4,058,814 | -€16,878 | -0.4% |
| Other amounts payable | 178/9 | €135,775 | €133,690 | -€2,085 | -1.5% |
| Amounts payable within one year | 42/48 | €694,536 | €731,306 | +€36,770 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €63,943 | €65,087 | +€1,144 | +1.8% |
| Financial debts | 43 | €130,120 | €95,464 | -€34,656 | -26.6% |
| Credit institutions | 430/8 | €130,120 | €95,464 | -€34,656 | -26.6% |
| Trade debts | 44 | €84,273 | €150,509 | +€66,236 | +78.6% |
| Suppliers | 440/4 | €84,273 | €150,509 | +€66,236 | +78.6% |
| Advances received on contracts in progress | 46 | - | €77,646 | +€77,646 | |
| Taxes, remuneration and social security | 45 | €76,879 | €82,672 | +€5,793 | +7.5% |
| Taxes | 450/3 | €76,879 | €80,046 | +€3,167 | +4.1% |
| Remuneration and social security | 454/9 | - | €2,626 | +€2,626 | |
| Other amounts payable | 47/48 | €339,321 | €259,929 | -€79,392 | -23.4% |
| Accrued charges and deferred income | 492/3 | €175,032 | €97,938 | -€77,095 | -44.0% |
| Non-recurring operating income | 76A | €23,361 | €0 | -€23,361 | -100% |
| Remuneration, social security and pensions | 62 | - | €55,978 | +€55,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359,957 | €358,337 | -€1,620 | -0.5% |
| Other operating charges | 640/8 | €51,131 | €26,672 | -€24,459 | -47.8% |
| Gross operating margin | 9900 | €798,202 | €771,908 | -€26,293 | -3.3% |
| Operating profit (loss) | 9901 | €387,114 | €330,922 | -€56,192 | -14.5% |
| Financial income | 75/76B | €29,260 | €25,559 | -€3,702 | -12.7% |
| Recurring financial income | 75 | €29,260 | €25,559 | -€3,702 | -12.7% |
| Financial charges | 65/66B | €164,527 | €160,158 | -€4,369 | -2.7% |
| Recurring financial charges | 65 | €164,527 | €160,158 | -€4,369 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €251,847 | €196,322 | -€55,525 | -22.0% |
| Transfer from deferred taxes | 780 | €11,818 | €11,818 | = | 0.0% |
| Income taxes | 67/77 | €76,893 | €58,686 | -€18,206 | -23.7% |
| Profit (loss) for the period | 9904 | €186,773 | €149,454 | -€37,319 | -20.0% |
| Transfer from tax-exempt reserves | 789 | €35,454 | €35,454 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €88,410 | +€88,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €222,227 | €96,498 | -€125,729 | -56.6% |
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 31 October 2026 via checked.be.