IB-MAT: 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
IB-MAT
NACE 23.610, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€356,366
2024 · €819,621-€463,255
Equity
€3.5m
2024 · €3.1m+€356,366
Cash
€79,744
2024 · €118,147-€38,403
Balance sheet total
€16.8m
2024 · €17.6m-€866,562
Largest movements
Assets
- Tangible fixed assets -€543,527
down €543,527 (-27.8%), from €2.0m to €1.4m
- Current investments -€190,000
down €190,000 (-32.2%), from €590,000 to €400,000
Equity and liabilities
- Advances received -€2.0m
down €2.0m (-15.4%), from €13.0m to €11.0m
- Trade debts +€740,829
up €740,829 (+49.7%), from €1.5m to €2.2m
- Profit (loss) carried forward +€356,366
up €356,366 (+13.0%), from €2.7m to €3.1m
Income statement
- Goods and materials +€2.2m
up €2.2m (+24.8%), from €9.0m to €11.3m
of which Purchases: +€2.2m
- Turnover +€1.7m
up €1.7m (+14.1%), from €11.9m to €13.6m
- Taxes -€156,412
down €156,412 (-57.1%), from €273,979 to €117,567
of which Taxes: -€155,833
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
€819,621
Turnover
+€1.7m
Goods and materials
-€2.2m
Services and other goods
-€127,915
Depreciation
+€41,421
Write-downs
-€4,315
Other operating charges
+€983
Financial income
+€22,641
Financial charges
-€2,099
Taxes
+€156,412
Result 2025
€356,366
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
-€228,403
Investment
+€190,000
Financing
€0
Cash 2024
€118,147
From operations (derived)
-€228,403
Net result for the year
+€356,366
Depreciation
+€543,527
Stocks and contracts
+€5,951
Receivables within one year
+€88,682
Trade debts
+€740,829
Tax, wage and social debts
+€21,000
Advances received
-€2.0m
Accrued charges and deferred income
+€15,725
Investment (derived)
+€190,000
Current investments
+€190,000
Cash 2025
€79,744
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,622,570 | €16,756,008 | -€866,562 | -4.9% |
| Fixed assets | 21/28 | €1,956,033 | €1,412,507 | -€543,527 | -27.8% |
| Tangible fixed assets | 22/27 | €1,956,033 | €1,412,507 | -€543,527 | -27.8% |
| Plant, machinery and equipment | 23 | €1,956,033 | €1,412,507 | -€543,527 | -27.8% |
| Current assets | 29/58 | €15,666,537 | €15,343,502 | -€323,035 | -2.1% |
| Stocks and contracts in progress | 3 | €184,681 | €178,731 | -€5,951 | -3.2% |
| Stocks | 30/36 | €184,681 | €178,731 | -€5,951 | -3.2% |
| Raw materials and consumables | 30/31 | €184,681 | €178,731 | -€5,951 | -3.2% |
| Amounts receivable within one year | 40/41 | €14,773,709 | €14,685,027 | -€88,682 | -0.6% |
| Trade receivables | 40 | €14,656,355 | €14,677,177 | +€20,822 | +0.1% |
| Other amounts receivable | 41 | €117,354 | €7,850 | -€109,504 | -93.3% |
| Current investments | 50/53 | €590,000 | €400,000 | -€190,000 | -32.2% |
| Other investments | 51/53 | €590,000 | €400,000 | -€190,000 | -32.2% |
| Cash at bank and in hand | 54/58 | €118,147 | €79,744 | -€38,403 | -32.5% |
| Total equity and liabilities | 10/49 | €17,622,570 | €16,756,008 | -€866,562 | -4.9% |
| Equity | 10/15 | €3,144,405 | €3,500,771 | +€356,366 | +11.3% |
| Contributions | 10/11 | €137,848 | €137,848 | = | 0.0% |
| Capital | 10 | €137,848 | €137,848 | = | 0.0% |
| Issued capital | 100 | €137,848 | €137,848 | = | 0.0% |
| Reserves | 13 | €275,172 | €275,172 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,785 | €13,785 | = | 0.0% |
| Legal reserve | 130 | €13,785 | €13,785 | = | 0.0% |
| Tax-exempt reserves | 132 | €261,387 | €261,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,731,385 | €3,087,751 | +€356,366 | +13.0% |
| Amounts payable | 17/49 | €14,478,166 | €13,255,237 | -€1.2m | -8.4% |
| Amounts payable within one year | 42/48 | €14,475,416 | €13,236,762 | -€1.2m | -8.6% |
| Trade debts | 44 | €1,490,357 | €2,231,187 | +€740,829 | +49.7% |
| Suppliers | 440/4 | €1,490,357 | €2,231,187 | +€740,829 | +49.7% |
| Advances received on contracts in progress | 46 | €12,985,058 | €10,984,576 | -€2.0m | -15.4% |
| Taxes, remuneration and social security | 45 | - | €21,000 | +€21,000 | |
| Taxes | 450/3 | - | €21,000 | +€21,000 | |
| Accrued charges and deferred income | 492/3 | €2,750 | €18,475 | +€15,725 | +572% |
| Operating income | 70/76A | €11,949,802 | €13,636,403 | +€1.7m | +14.1% |
| Turnover | 70 | €11,949,802 | €13,636,403 | +€1.7m | +14.1% |
| Operating charges | 60/66A | €10,885,880 | €13,212,690 | +€2.3m | +21.4% |
| Goods for resale, raw materials and consumables | 60 | €9,022,022 | €11,259,005 | +€2.2m | +24.8% |
| Purchases | 600/8 | €9,023,883 | €11,253,055 | +€2.2m | +24.7% |
| Change in stocks: decrease (increase) | 609 | -€1,861 | €5,951 | +€7,811 | |
| Services and other goods | 61 | €1,280,445 | €1,408,360 | +€127,915 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €584,947 | €543,527 | -€41,421 | -7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,315 | - | +€4,315 | |
| Other operating charges | 640/8 | €2,780 | €1,798 | -€983 | -35.3% |
| Operating profit (loss) | 9901 | €1,063,922 | €423,713 | -€640,209 | -60.2% |
| Financial income | 75/76B | €30,270 | €52,911 | +€22,641 | +74.8% |
| Recurring financial income | 75 | €30,270 | €52,911 | +€22,641 | +74.8% |
| Income from financial fixed assets | 750 | €781 | €11,390 | +€10,609 | +1,359% |
| Other financial income | 752/9 | €29,489 | €41,521 | +€12,032 | +40.8% |
| Financial charges | 65/66B | €592 | €2,691 | +€2,099 | +355% |
| Recurring financial charges | 65 | €592 | €2,691 | +€2,099 | +355% |
| Debt charges | 650 | €590 | €2,086 | +€1,496 | +254% |
| Other financial charges | 652/9 | €2 | €604 | +€602 | +35,027% |
| Profit (loss) for the period before taxes | 9903 | €1,093,600 | €473,933 | -€619,667 | -56.7% |
| Income taxes | 67/77 | €273,979 | €117,567 | -€156,412 | -57.1% |
| Taxes | 670/3 | €274,250 | €118,417 | -€155,833 | -56.8% |
| Tax adjustments and reversals of tax provisions | 77 | €271 | €850 | +€579 | +214% |
| Profit (loss) for the period | 9904 | €819,621 | €356,366 | -€463,255 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €819,621 | €356,366 | -€463,255 | -56.5% |
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 20 October 2026 via checked.be.