IB4Projects: 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.
IB4Projects
Largest movements
- Cash +€28,903
up €28,903 (+80.1%), from €36,067 to €64,970
mainly Net result for the year (+€38,813) and Receivables within one year (+€28,800)
- Receivables within one year -€28,800
down €28,800 (-40.2%), from €71,677 to €42,877
of which Trade receivables: -€32,585
- Current investments -€28,423
down €28,423 (-19.5%), from €146,000 to €117,577
- Tangible fixed assets +€5,776
up €5,776 (+61.4%), from €9,407 to €15,183
of which Furniture and vehicles: +€6,027
- Reserves -€20,346
down €20,346 (-8.4%), from €241,470 to €221,124
- Gross operating margin -€48,430
down €48,430 (-40.9%), from €118,359 to €69,929
- Taxes -€15,069
down €15,069 (-46.2%), from €32,648 to €17,579
- Depreciation +€1,449
up €1,449 (+57.2%), from €2,533 to €3,982
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 | €267,197 | €246,424 | -€20,773 | -7.8% |
| Fixed assets | 21/28 | €9,407 | €15,183 | +€5,776 | +61.4% |
| Tangible fixed assets | 22/27 | €9,407 | €15,183 | +€5,776 | +61.4% |
| Furniture and vehicles | 24 | €7,292 | €13,319 | +€6,027 | +82.7% |
| Other tangible fixed assets | 26 | €2,115 | €1,864 | -€251 | -11.9% |
| Current assets | 29/58 | €257,790 | €231,241 | -€26,549 | -10.3% |
| Amounts receivable within one year | 40/41 | €71,677 | €42,877 | -€28,800 | -40.2% |
| Trade receivables | 40 | €71,677 | €39,092 | -€32,585 | -45.5% |
| Other amounts receivable | 41 | - | €3,785 | +€3,785 | |
| Current investments | 50/53 | €146,000 | €117,577 | -€28,423 | -19.5% |
| Cash at bank and in hand | 54/58 | €36,067 | €64,970 | +€28,903 | +80.1% |
| Deferred charges and accrued income | 490/1 | €4,046 | €5,817 | +€1,771 | +43.8% |
| Total equity and liabilities | 10/49 | €267,197 | €246,424 | -€20,773 | -7.8% |
| Equity | 10/15 | €247,670 | €227,324 | -€20,346 | -8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €241,470 | €221,124 | -€20,346 | -8.4% |
| Distributable reserves | 133 | €241,470 | €221,124 | -€20,346 | -8.4% |
| Amounts payable | 17/49 | €19,527 | €19,100 | -€427 | -2.2% |
| Amounts payable within one year | 42/48 | €19,527 | €17,818 | -€1,709 | -8.8% |
| Trade debts | 44 | €1,953 | €1,239 | -€714 | -36.6% |
| Suppliers | 440/4 | €1,953 | €1,239 | -€714 | -36.6% |
| Taxes, remuneration and social security | 45 | €13,916 | €12,198 | -€1,718 | -12.3% |
| Taxes | 450/3 | €13,916 | €12,198 | -€1,718 | -12.3% |
| Other amounts payable | 47/48 | €3,658 | €4,381 | +€723 | +19.8% |
| Accrued charges and deferred income | 492/3 | - | €1,282 | +€1,282 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,533 | €3,982 | +€1,449 | +57.2% |
| Other operating charges | 640/8 | €1,362 | €1,330 | -€32 | -2.3% |
| Non-recurring operating charges | 66A | - | €8,625 | +€8,625 | |
| Gross operating margin | 9900 | €118,359 | €69,929 | -€48,430 | -40.9% |
| Operating profit (loss) | 9901 | €114,464 | €55,992 | -€58,472 | -51.1% |
| Financial income | 75/76B | €9 | €660 | +€651 | +7233.3% |
| Recurring financial income | 75 | €9 | €660 | +€651 | +7233.3% |
| Financial charges | 65/66B | €281 | €260 | -€21 | -7.5% |
| Recurring financial charges | 65 | €281 | €260 | -€21 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €114,192 | €56,392 | -€57,800 | -50.6% |
| Income taxes | 67/77 | €32,648 | €17,579 | -€15,069 | -46.2% |
| Profit (loss) for the period | 9904 | €81,544 | €38,813 | -€42,731 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,544 | €38,813 | -€42,731 | -52.4% |
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 29 September 2026 via checked.be.