IB CONSTRUCT: 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.
IB CONSTRUCT
Largest movements
- Tangible fixed assets -€3,363
down €3,363 (-71.4%), from €4,710 to €1,348
- Receivables within one year +€3,258
up €3,258 (+8.4%), from €38,805 to €42,063
of which Trade receivables: +€3,776
- Deferred charges and accrued income -€3,062
down €3,062 (-24.2%), from €12,678 to €9,616
- Cash -€2,101
down €2,101 (-80.0%), from €2,627 to €526
mainly Trade debts (-€10,542) and Receivables within one year (-€3,258)
- Trade debts -€10,542
down €10,542 (-61.7%), from €17,079 to €6,537
- Tax, wage and social debts +€4,957
up €4,957 (+32.0%), from €15,501 to €20,458
of which Remuneration and social security: +€4,587
- Other debts +€2,011
up €2,011 (+557.5%), from €361 to €2,372
- Profit (loss) carried forward -€1,695
down €1,695, from €160 to -€1,535
- Gross operating margin -€18,640
down €18,640 (-53.1%), from €35,118 to €16,478
- Taxes -€5,209
down €5,209 (-51.6%), from €10,099 to €4,890
- Financial charges +€2,112
up €2,112 (+45.2%), from €4,674 to €6,786
- Other operating charges -€2,015
down €2,015 (-37.6%), from €5,353 to €3,338
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 | €59,900 | €54,632 | -€5,268 | -8.8% |
| Fixed assets | 21/28 | €5,790 | €2,428 | -€3,363 | -58.1% |
| Tangible fixed assets | 22/27 | €4,710 | €1,348 | -€3,363 | -71.4% |
| Furniture and vehicles | 24 | €4,710 | €1,348 | -€3,363 | -71.4% |
| Financial fixed assets | 28 | €1,080 | €1,080 | = | 0.0% |
| Current assets | 29/58 | €54,110 | €52,204 | -€1,906 | -3.5% |
| Amounts receivable within one year | 40/41 | €38,805 | €42,063 | +€3,258 | +8.4% |
| Trade receivables | 40 | €36,093 | €39,869 | +€3,776 | +10.5% |
| Other amounts receivable | 41 | €2,712 | €2,193 | -€519 | -19.1% |
| Cash at bank and in hand | 54/58 | €2,627 | €526 | -€2,101 | -80.0% |
| Deferred charges and accrued income | 490/1 | €12,678 | €9,616 | -€3,062 | -24.2% |
| Total equity and liabilities | 10/49 | €59,900 | €54,632 | -€5,268 | -8.8% |
| Equity | 10/15 | €26,960 | €25,265 | -€1,695 | -6.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,800 | €21,800 | = | 0.0% |
| Distributable reserves | 133 | €21,800 | €21,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160 | -€1,535 | -€1,695 | |
| Amounts payable | 17/49 | €32,941 | €29,367 | -€3,574 | -10.8% |
| Amounts payable within one year | 42/48 | €32,941 | €29,367 | -€3,574 | -10.8% |
| Trade debts | 44 | €17,079 | €6,537 | -€10,542 | -61.7% |
| Suppliers | 440/4 | €17,079 | €6,537 | -€10,542 | -61.7% |
| Taxes, remuneration and social security | 45 | €15,501 | €20,458 | +€4,957 | +32.0% |
| Taxes | 450/3 | €14,952 | €15,322 | +€370 | +2.5% |
| Remuneration and social security | 454/9 | €549 | €5,136 | +€4,587 | +835.1% |
| Other amounts payable | 47/48 | €361 | €2,372 | +€2,011 | +557.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,364 | €3,363 | -€2 | 0.0% |
| Other operating charges | 640/8 | €5,353 | €3,338 | -€2,015 | -37.6% |
| Gross operating margin | 9900 | €35,118 | €16,478 | -€18,640 | -53.1% |
| Operating profit (loss) | 9901 | €26,400 | €9,777 | -€16,623 | -63.0% |
| Financial income | 75/76B | €212 | €205 | -€7 | -3.4% |
| Recurring financial income | 75 | €212 | €205 | -€7 | -3.4% |
| Financial charges | 65/66B | €4,674 | €6,786 | +€2,112 | +45.2% |
| Recurring financial charges | 65 | €4,674 | €6,786 | +€2,112 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €21,938 | €3,196 | -€18,743 | -85.4% |
| Income taxes | 67/77 | €10,099 | €4,890 | -€5,209 | -51.6% |
| Profit (loss) for the period | 9904 | €11,839 | -€1,695 | -€13,534 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,839 | -€1,695 | -€13,534 |
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 8 October 2026 via checked.be.