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
- Stocks and contracts +€81,550
new in 2025: €81,550
- Cash -€4,321
down €4,321 (-55.5%), from €7,781 to €3,460
mainly Stocks and contracts (-€81,550) and Trade debts (-€8,124)
- Tangible fixed assets -€4,149
down €4,149 (-69.7%), from €5,950 to €1,801
of which Furniture and vehicles: -€4,283
- Current portion of long-term debt +€79,311
up €79,311 (+11511.0%), from €689 to €80,000
- Trade debts -€8,124
down €8,124 (-25.2%), from €32,243 to €24,119
- Staff costs -€31,896
down €31,896 (-75.7%), from €42,136 to €10,240
- Turnover -€22,207
down €22,207 (-10.2%), from €218,634 to €196,427
- Other operating charges +€18,514
up €18,514 (+518.6%), from €3,570 to €22,084
- Gross operating margin -€17,910
down €17,910 (-29.2%), from €61,387 to €43,477
- Purchases and services -€2,234
down €2,234 (-1.4%), from €157,246 to €155,012
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 | €73,518 | €145,946 | +€72,428 | +98.5% |
| Fixed assets | 21/28 | €5,950 | €1,801 | -€4,149 | -69.7% |
| Tangible fixed assets | 22/27 | €5,950 | €1,801 | -€4,149 | -69.7% |
| Plant, machinery and equipment | 23 | €1,667 | €1,801 | +€134 | +8.0% |
| Furniture and vehicles | 24 | €4,283 | - | -€4,283 | |
| Current assets | 29/58 | €67,568 | €144,145 | +€76,577 | +113.3% |
| Stocks and contracts in progress | 3 | - | €81,550 | +€81,550 | |
| Stocks | 30/36 | - | €81,550 | +€81,550 | |
| Amounts receivable within one year | 40/41 | €59,787 | €59,135 | -€652 | -1.1% |
| Trade receivables | 40 | €56,876 | €56,348 | -€528 | -0.9% |
| Other amounts receivable | 41 | €2,911 | €2,788 | -€123 | -4.2% |
| Cash at bank and in hand | 54/58 | €7,781 | €3,460 | -€4,321 | -55.5% |
| Total equity and liabilities | 10/49 | €73,518 | €145,946 | +€72,428 | +98.5% |
| Equity | 10/15 | €20,563 | €21,773 | +€1,210 | +5.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,263 | €18,473 | +€1,210 | +7.0% |
| Amounts payable | 17/49 | €52,955 | €124,173 | +€71,218 | +134.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €52,955 | €124,173 | +€71,218 | +134.5% |
| Current portion of amounts payable after more than one year | 42 | €689 | €80,000 | +€79,311 | +11511.0% |
| Trade debts | 44 | €32,243 | €24,119 | -€8,124 | -25.2% |
| Suppliers | 440/4 | €32,243 | €24,119 | -€8,124 | -25.2% |
| Taxes, remuneration and social security | 45 | €10,308 | €10,308 | = | 0.0% |
| Remuneration and social security | 454/9 | €10,308 | €10,308 | = | 0.0% |
| Other amounts payable | 47/48 | €9,715 | €9,746 | +€31 | +0.3% |
| Turnover | 70 | €218,634 | €196,427 | -€22,207 | -10.2% |
| Non-recurring operating income | 76A | - | €2,063 | +€2,063 | |
| Goods, raw materials, services and sundry goods | 60/61 | €157,246 | €155,012 | -€2,234 | -1.4% |
| Remuneration, social security and pensions | 62 | €42,136 | €10,240 | -€31,896 | -75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,950 | €6,950 | +€1,000 | +16.8% |
| Other operating charges | 640/8 | €3,570 | €22,084 | +€18,514 | +518.6% |
| Gross operating margin | 9900 | €61,387 | €43,477 | -€17,910 | -29.2% |
| Operating profit (loss) | 9901 | €9,731 | €4,203 | -€5,528 | -56.8% |
| Financial charges | 65/66B | €411 | €1,165 | +€754 | +183.4% |
| Recurring financial charges | 65 | €411 | €1,165 | +€754 | +183.4% |
| Profit (loss) for the period before taxes | 9903 | €9,320 | €3,039 | -€6,281 | -67.4% |
| Income taxes | 67/77 | - | €1,829 | +€1,829 | |
| Profit (loss) for the period | 9904 | €9,320 | €1,210 | -€8,110 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,320 | €1,210 | -€8,110 | -87.0% |
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.