IB-TECHNICS: 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.
What changed
IB-TECHNICS
NACE 42.220, Construction of utility projects for electricity and telecommunications
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€48,281
2024 · -€124,294+€172,575
Equity
€569,842
2024 · €521,561+€48,281
Cash
€577,198
2024 · €54,803+€522,394
Balance sheet total
€6.1m
2024 · €4.3m+€1.7m
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+40.9%), from €2.9m to €4.1m
of which Trade receivables: +€1.0m
- Cash +€522,394
up €522,394 (+953.2%), from €54,803 to €577,198
mainly Short-term financial debts (+€2.7m) and Depreciation (+€480,014)
- Tangible fixed assets -€131,758
down €131,758 (-19.6%), from €672,805 to €541,048
of which Plant, machinery and equipment: -€110,014
- Intangible fixed assets +€116,615
up €116,615 (+25.3%), from €460,367 to €576,983
Equity and liabilities
- Short-term financial debts +€2.7m
up €2.7m (+16781.0%), from €15,860 to €2.7m
of which Credit institutions: +€2.7m
- Other debts -€543,867
down €543,867 (-28.0%), from €1.9m to €1.4m
- Trade debts -€499,381
down €499,381 (-61.6%), from €810,461 to €311,080
Income statement
- Goods and materials -€1.1m
down €1.1m (-15.5%), from €7.0m to €5.9m
of which Purchases: -€1.0m
- Staff costs +€1.1m
up €1.1m (+28.6%), from €3.7m to €4.8m
- Turnover +€500,518
up €500,518 (+3.8%), from €13.3m to €13.8m
- Services and other goods +€269,376
up €269,376 (+11.2%), from €2.4m to €2.7m
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
-€124,294
Turnover
+€500,518
Other operating income
+€15,390
Goods and materials
+€1.1m
Services and other goods
-€269,376
Staff costs
-€1.1m
Depreciation
-€65,375
Other operating charges
-€187
Other operating items
+€7,469
Financial income
-€15
Financial charges
-€35,095
Taxes
-€2,489
Result 2025
€48,281
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.
From operations
-€1.7m
Investment
-€450,754
Financing
+€2.7m
Cash 2024
€54,803
From operations (derived)
-€1.7m
Net result for the year
+€48,281
Depreciation
+€480,014
Stocks and contracts
+€5,056
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€26,274
Trade debts
-€499,381
Tax, wage and social debts
+€33,917
Other debts
-€543,867
Accrued charges and deferred income
+€14,233
Investment (derived)
-€450,754
Investment in fixed assets (net)
-€450,754
Financing
+€2.7m
Debts after one year
-€30,313
Current portion of long-term debt
+€27,317
Short-term financial debts
+€2.7m
Cash 2025
€577,198
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,341,454 | €6,053,106 | +€1.7m | +39.4% |
| Fixed assets | 21/28 | €1,329,760 | €1,300,500 | -€29,260 | -2.2% |
| Intangible fixed assets | 21 | €460,367 | €576,983 | +€116,615 | +25.3% |
| Tangible fixed assets | 22/27 | €672,805 | €541,048 | -€131,758 | -19.6% |
| Plant, machinery and equipment | 23 | €444,029 | €334,015 | -€110,014 | -24.8% |
| Furniture and vehicles | 24 | €78,625 | €61,632 | -€16,994 | -21.6% |
| Leasing and similar rights | 25 | €149,531 | €145,400 | -€4,131 | -2.8% |
| Other tangible fixed assets | 26 | €619 | - | -€619 | |
| Financial fixed assets | 28 | €196,588 | €182,470 | -€14,118 | -7.2% |
| Companies linked by participating interests | 282/3 | €18,011 | €18,011 | = | 0.0% |
| Participating interests | 282 | €18,011 | €18,011 | = | 0.0% |
| Other financial fixed assets | 284/8 | €178,576 | €164,458 | -€14,118 | -7.9% |
| Amounts receivable and cash guarantees | 285/8 | €178,576 | €164,458 | -€14,118 | -7.9% |
| Current assets | 29/58 | €3,011,694 | €4,752,606 | +€1.7m | +57.8% |
| Stocks and contracts in progress | 3 | €20,599 | €15,544 | -€5,056 | -24.5% |
| Stocks | 30/36 | €20,599 | €15,544 | -€5,056 | -24.5% |
| Goods purchased for resale | 34 | €20,599 | €15,544 | -€5,056 | -24.5% |
| Amounts receivable within one year | 40/41 | €2,928,030 | €4,125,330 | +€1.2m | +40.9% |
| Trade receivables | 40 | €2,565,942 | €3,602,457 | +€1.0m | +40.4% |
| Other amounts receivable | 41 | €362,088 | €522,873 | +€160,786 | +44.4% |
| Cash at bank and in hand | 54/58 | €54,803 | €577,198 | +€522,394 | +953.2% |
| Deferred charges and accrued income | 490/1 | €8,261 | €34,535 | +€26,274 | +318.0% |
| Total equity and liabilities | 10/49 | €4,341,454 | €6,053,106 | +€1.7m | +39.4% |
| Equity | 10/15 | €521,561 | €569,842 | +€48,281 | +9.3% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253,361 | €301,642 | +€48,281 | +19.1% |
| Amounts payable | 17/49 | €3,819,893 | €5,483,264 | +€1.7m | +43.5% |
| Amounts payable after more than one year | 17 | €84,140 | €53,827 | -€30,313 | -36.0% |
| Financial debts | 170/4 | €84,140 | €53,827 | -€30,313 | -36.0% |
| Leasing and similar obligations | 172 | €84,140 | €53,827 | -€30,313 | -36.0% |
| Amounts payable within one year | 42/48 | €3,724,103 | €5,403,554 | +€1.7m | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €134,354 | €161,670 | +€27,317 | +20.3% |
| Financial debts | 43 | €15,860 | €2,677,325 | +€2.7m | +16781.0% |
| Credit institutions | 430/8 | €5,903 | €2,677,325 | +€2.7m | +45254.2% |
| Other loans | 439 | €9,957 | - | -€9,957 | |
| Trade debts | 44 | €810,461 | €311,080 | -€499,381 | -61.6% |
| Suppliers | 440/4 | €810,461 | €311,080 | -€499,381 | -61.6% |
| Taxes, remuneration and social security | 45 | €820,582 | €854,500 | +€33,917 | +4.1% |
| Taxes | 450/3 | €101,852 | €18,861 | -€82,990 | -81.5% |
| Remuneration and social security | 454/9 | €718,731 | €835,638 | +€116,908 | +16.3% |
| Other amounts payable | 47/48 | €1,942,846 | €1,398,978 | -€543,867 | -28.0% |
| Accrued charges and deferred income | 492/3 | €11,650 | €25,883 | +€14,233 | +122.2% |
| Operating income | 70/76A | €13,684,986 | €14,208,363 | +€523,377 | +3.8% |
| Turnover | 70 | €13,287,034 | €13,787,551 | +€500,518 | +3.8% |
| Own construction capitalised | 72 | €286,661 | €291,591 | +€4,930 | +1.7% |
| Other operating income | 74 | €111,291 | €126,682 | +€15,390 | +13.8% |
| Non-recurring operating income | 76A | - | €2,539 | +€2,539 | |
| Operating charges | 60/66A | €13,590,153 | €13,903,356 | +€313,203 | +2.3% |
| Goods for resale, raw materials and consumables | 60 | €7,028,193 | €5,936,601 | -€1.1m | -15.5% |
| Purchases | 600/8 | €6,976,642 | €5,931,545 | -€1.0m | -15.0% |
| Change in stocks: decrease (increase) | 609 | €51,551 | €5,056 | -€46,495 | -90.2% |
| Services and other goods | 61 | €2,396,740 | €2,666,115 | +€269,376 | +11.2% |
| Remuneration, social security and pensions | 62 | €3,747,240 | €4,817,097 | +€1.1m | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €414,639 | €480,014 | +€65,375 | +15.8% |
| Other operating charges | 640/8 | €3,342 | €3,529 | +€187 | +5.6% |
| Operating profit (loss) | 9901 | €94,833 | €305,007 | +€210,174 | +221.6% |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.4% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.4% |
| Other financial income | 752/9 | €15 | €0 | -€15 | -99.4% |
| Financial charges | 65/66B | €217,992 | €253,087 | +€35,095 | +16.1% |
| Recurring financial charges | 65 | €217,992 | €253,087 | +€35,095 | +16.1% |
| Debt charges | 650 | - | €114,581 | +€114,581 | |
| Other financial charges | 652/9 | €217,992 | €138,506 | -€79,487 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | -€123,144 | €51,920 | +€175,064 | |
| Income taxes | 67/77 | €1,149 | €3,639 | +€2,489 | +216.6% |
| Taxes | 670/3 | €1,149 | €3,639 | +€2,489 | +216.6% |
| Profit (loss) for the period | 9904 | -€124,294 | €48,281 | +€172,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€124,294 | €48,281 | +€172,575 |
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 30 September 2026 via checked.be.