IB CONSTRUCT: what changed
What changed
IB CONSTRUCT
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
-€75,497
2023 · €20,043-€95,540
Equity
€31,550
2023 · €107,047-€75,497
Cash
-
2023 · €73,810-€73,810
Balance sheet total
€342,278
2023 · €237,916+€104,363
Largest movements
Assets
- Receivables within one year +€97,274
up €97,274 (+60.6%), from €160,579 to €257,853
of which Trade receivables: +€136,239
- Tangible fixed assets +€80,983
up €80,983 (+2,353%), from €3,442 to €84,425
of which Plant, machinery and equipment: +€82,041
- Cash -€73,810
no longer reported in 2024 (was €73,810)
mainly Receivables within one year (-€97,274) and Investment in fixed assets (net) (-€91,820)
Equity and liabilities
- Debts after one year +€138,638
new in 2024: €138,638
- Profit (loss) carried forward -€75,497
down €75,497, from €1,047 to -€74,450
- Trade debts +€55,516
up €55,516 (+81.4%), from €68,220 to €123,735
- Current portion of long-term debt +€46,223
new in 2024: €46,223
- Tax, wage and social debts -€41,207
no longer reported in 2024 (was €41,207)
of which Taxes: -€37,381
Income statement
- Gross operating margin -€132,970
down €132,970, from €114,380 to -€18,590
- Purchases and services +€116,218
up €116,218 (+27.7%), from €419,169 to €535,387
- Staff costs -€49,000
down €49,000 (-58.5%), from €83,734 to €34,734
- Turnover -€15,594
down €15,594 (-2.9%), from €532,391 to €516,797
- Depreciation +€9,358
up €9,358 (+633%), from €1,479 to €10,837
Change in the result, 2023 to 2024
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 2023
€20,043
Gross operating margin
-€132,970
Staff costs
+€49,000
Depreciation
-€9,358
Other operating charges
-€269
Other operating items
-€9,444
Financial income
-€132
Financial charges
+€681
Taxes
+€6,951
Result 2024
-€75,497
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€168,984
Investment
-€91,820
Financing
+€186,993
Cash 2023
€73,810
From operations (derived)
-€168,984
Net result for the year
-€75,497
Depreciation
+€10,837
Receivables within one year
-€97,274
Smaller working-capital items
+€34
Trade debts
+€55,516
Tax, wage and social debts
-€41,207
Other debts
-€21,392
Investment (derived)
-€91,820
Investment in fixed assets (net)
-€91,820
Financing
+€186,993
Debts after one year
+€138,638
Current portion of long-term debt
+€46,223
Short-term financial debts
+€2,133
Cash 2024
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,916 | €342,278 | +€104,363 | +43.9% |
| Fixed assets | 21/28 | €3,442 | €84,425 | +€80,983 | +2,353% |
| Tangible fixed assets | 22/27 | €3,442 | €84,425 | +€80,983 | +2,353% |
| Plant, machinery and equipment | 23 | €1,264 | €83,305 | +€82,041 | +6,493% |
| Furniture and vehicles | 24 | €2,178 | €1,120 | -€1,058 | -48.6% |
| Current assets | 29/58 | €234,474 | €257,853 | +€23,379 | +10.0% |
| Amounts receivable within one year | 40/41 | €160,579 | €257,853 | +€97,274 | +60.6% |
| Trade receivables | 40 | €119,633 | €255,871 | +€136,239 | +114% |
| Other amounts receivable | 41 | €40,946 | €1,982 | -€38,965 | -95.2% |
| Cash at bank and in hand | 54/58 | €73,810 | - | -€73,810 | |
| Deferred charges and accrued income | 490/1 | €84 | - | -€84 | |
| Total equity and liabilities | 10/49 | €237,916 | €342,278 | +€104,363 | +43.9% |
| Equity | 10/15 | €107,047 | €31,550 | -€75,497 | -70.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €103,000 | €103,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,047 | -€74,450 | -€75,497 | |
| Amounts payable | 17/49 | €130,868 | €310,728 | +€179,860 | +137% |
| Amounts payable after more than one year | 17 | - | €138,638 | +€138,638 | |
| Financial debts | 170/4 | - | €138,638 | +€138,638 | |
| Amounts payable within one year | 42/48 | €130,818 | €172,091 | +€41,272 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | - | €46,223 | +€46,223 | |
| Financial debts | 43 | - | €2,133 | +€2,133 | |
| Credit institutions | 430/8 | - | €2,133 | +€2,133 | |
| Trade debts | 44 | €68,220 | €123,735 | +€55,516 | +81.4% |
| Suppliers | 440/4 | €68,220 | €123,735 | +€55,516 | +81.4% |
| Taxes, remuneration and social security | 45 | €41,207 | - | -€41,207 | |
| Taxes | 450/3 | €37,381 | - | -€37,381 | |
| Remuneration and social security | 454/9 | €3,826 | - | -€3,826 | |
| Other amounts payable | 47/48 | €21,392 | - | -€21,392 | |
| Accrued charges and deferred income | 492/3 | €50 | - | -€50 | |
| Turnover | 70 | €532,391 | €516,797 | -€15,594 | -2.9% |
| Non-recurring operating income | 76A | €1,158 | - | -€1,158 | |
| Goods, raw materials, services and sundry goods | 60/61 | €419,169 | €535,387 | +€116,218 | +27.7% |
| Remuneration, social security and pensions | 62 | €83,734 | €34,734 | -€49,000 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,479 | €10,837 | +€9,358 | +633% |
| Other operating charges | 640/8 | €576 | €845 | +€269 | +46.6% |
| Non-recurring operating charges | 66A | €1,048 | €10,492 | +€9,444 | +901% |
| Gross operating margin | 9900 | €114,380 | -€18,590 | -€132,970 | |
| Operating profit (loss) | 9901 | €27,543 | -€75,497 | -€103,040 | |
| Financial income | 75/76B | €132 | - | -€132 | |
| Recurring financial income | 75 | €132 | - | -€132 | |
| Non-recurring financial income | 76B | €132 | - | -€132 | |
| Financial charges | 65/66B | €681 | - | -€681 | |
| Recurring financial charges | 65 | €681 | - | -€681 | |
| Profit (loss) for the period before taxes | 9903 | €26,994 | -€75,497 | -€102,491 | |
| Income taxes | 67/77 | €6,951 | - | -€6,951 | |
| Profit (loss) for the period | 9904 | €20,043 | -€75,497 | -€95,540 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,043 | -€75,497 | -€95,540 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.