I.B.L.-obras: what changed
What changed
I.B.L.-obras
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€299,205
2025 · €58,397+€240,807
Equity
€951,655
2025 · €652,451+€299,205
Cash
€181,737
2025 · €79,005+€102,732
Balance sheet total
€961,162
2025 · €669,151+€292,010
Largest movements
Assets
- Current investments +€186,000
up €186,000 (+37.9%), from €490,777 to €676,777
- Cash +€102,732
up €102,732 (+130%), from €79,005 to €181,737
mainly Net result for the year (+€299,205) and Depreciation (+€13,089)
- Receivables within one year +€26,669
up €26,669 (+163%), from €16,376 to €43,045
of which Trade receivables: +€23,390
- Tangible fixed assets -€23,005
down €23,005 (-28.6%), from €80,343 to €57,338
of which Land and buildings: -€15,010
Equity and liabilities
- Reserves +€299,200
up €299,200 (+50.1%), from €597,284 to €896,484
of which Distributable reserves: +€299,200
Income statement
- Gross operating margin +€329,890
up €329,890 (+320%), from €102,936 to €432,826
- Taxes +€109,298
up €109,298 (+360%), from €30,339 to €139,637
- Financial income +€19,713
up €19,713 (+310%), from €6,365 to €26,078
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.
Result 2025
€58,397
Gross operating margin
+€329,890
Depreciation
+€726
Other operating charges
-€297
Financial income
+€19,713
Financial charges
+€74
Taxes
-€109,298
Result 2026
€299,205
raises the resultlowers the result
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.
From operations
+€280,396
Investment
-€176,084
Financing
-€1,580
Cash 2025
€79,005
From operations (derived)
+€280,396
Net result for the year
+€299,205
Depreciation
+€13,089
Receivables within one year
-€26,669
Smaller working-capital items
+€12
Tax, wage and social debts
-€2,827
Other debts
-€2,413
Investment (derived)
-€176,084
Investment in fixed assets (net)
+€9,916
Current investments
-€186,000
Financing
-€1,580
Debts after one year
-€1,580
Cash 2026
€181,737
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €669,151 | €961,162 | +€292,010 | +43.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €80,343 | €57,338 | -€23,005 | -28.6% |
| Tangible fixed assets | 22/27 | €80,343 | €57,338 | -€23,005 | -28.6% |
| Land and buildings | 22 | €57,750 | €42,740 | -€15,010 | -26.0% |
| Plant, machinery and equipment | 23 | €2,243 | €1,361 | -€882 | -39.3% |
| Furniture and vehicles | 24 | €3,926 | €1,519 | -€2,408 | -61.3% |
| Other tangible fixed assets | 26 | €16,424 | €11,718 | -€4,706 | -28.7% |
| Current assets | 29/58 | €588,808 | €903,824 | +€315,015 | +53.5% |
| Amounts receivable within one year | 40/41 | €16,376 | €43,045 | +€26,669 | +163% |
| Trade receivables | 40 | €4,851 | €28,241 | +€23,390 | +482% |
| Other amounts receivable | 41 | €11,525 | €14,804 | +€3,279 | +28.5% |
| Current investments | 50/53 | €490,777 | €676,777 | +€186,000 | +37.9% |
| Cash at bank and in hand | 54/58 | €79,005 | €181,737 | +€102,732 | +130% |
| Deferred charges and accrued income | 490/1 | €2,649 | €2,263 | -€386 | -14.6% |
| Total equity and liabilities | 10/49 | €669,151 | €961,162 | +€292,010 | +43.6% |
| Equity | 10/15 | €652,451 | €951,655 | +€299,205 | +45.9% |
| Contributions | 10/11 | €6,198 | €6,198 | = | 0.0% |
| Reserves | 13 | €597,284 | €896,484 | +€299,200 | +50.1% |
| Non-distributable reserves | 130/1 | €8,244 | €8,244 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,244 | €8,244 | = | 0.0% |
| Distributable reserves | 133 | €589,040 | €888,240 | +€299,200 | +50.8% |
| Profit (loss) carried forward | 14 | €48,969 | €48,973 | +€5 | 0.0% |
| Amounts payable | 17/49 | €16,701 | €9,506 | -€7,194 | -43.1% |
| Amounts payable after more than one year | 17 | €4,250 | €2,670 | -€1,580 | -37.2% |
| Other amounts payable | 178/9 | €4,250 | €2,670 | -€1,580 | -37.2% |
| Amounts payable within one year | 42/48 | €12,451 | €6,836 | -€5,614 | -45.1% |
| Trade debts | 44 | €1,493 | €1,119 | -€374 | -25.1% |
| Suppliers | 440/4 | €1,493 | €1,119 | -€374 | -25.1% |
| Taxes, remuneration and social security | 45 | €2,827 | - | -€2,827 | |
| Taxes | 450/3 | €2,827 | - | -€2,827 | |
| Other amounts payable | 47/48 | €8,130 | €5,717 | -€2,413 | -29.7% |
| Non-recurring operating income | 76A | €1,753 | €330,362 | +€328,609 | +18,747% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,815 | €13,089 | -€726 | -5.3% |
| Other operating charges | 640/8 | €5,817 | €6,113 | +€297 | +5.1% |
| Gross operating margin | 9900 | €102,936 | €432,826 | +€329,890 | +320% |
| Operating profit (loss) | 9901 | €83,304 | €413,623 | +€330,319 | +397% |
| Financial income | 75/76B | €6,365 | €26,078 | +€19,713 | +310% |
| Recurring financial income | 75 | €6,365 | €26,078 | +€19,713 | +310% |
| Financial charges | 65/66B | €933 | €859 | -€74 | -7.9% |
| Recurring financial charges | 65 | €933 | €859 | -€74 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €88,736 | €438,842 | +€350,106 | +395% |
| Income taxes | 67/77 | €30,339 | €139,637 | +€109,298 | +360% |
| Profit (loss) for the period | 9904 | €58,397 | €299,205 | +€240,807 | +412% |
| Profit (loss) for the period to be appropriated | 9905 | €58,397 | €299,205 | +€240,807 | +412% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.