IBA CONSTRUCTIONS: 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.
IBA CONSTRUCTIONS
Largest movements
- Cash -€81,253
down €81,253 (-38.8%), from €209,220 to €127,967
mainly Tax, wage and social debts (-€71,982) and Deferred charges and accrued income (-€22,126)
- Tangible fixed assets -€23,103
down €23,103 (-79.6%), from €29,013 to €5,910
of which Furniture and vehicles: -€22,258
- Deferred charges and accrued income +€22,126
new in 2025: €22,126
- Stocks and contracts -€9,339
no longer reported in 2025 (was €9,339)
- Receivables within one year +€9,338
up €9,338 (+13.2%), from €70,506 to €79,844
of which Other amounts receivable: +€22,345
- Tax, wage and social debts -€71,982
down €71,982 (-94.3%), from €76,293 to €4,312
of which Taxes: -€73,654
- Advances received +€20,538
new in 2025: €20,538
- Profit (loss) carried forward -€11,819
down €11,819 (-5.4%), from €218,604 to €206,785
- Trade debts -€9,905
down €9,905 (-87.1%), from €11,367 to €1,462
- Current portion of long-term debt -€6,813
no longer reported in 2025 (was €6,813)
- Gross operating margin +€13,215
up €13,215 (+567.1%), from €2,330 to €15,546
- Depreciation -€5,623
down €5,623 (-74.0%), from €7,596 to €1,973
- Other operating charges +€1,446
up €1,446 (+126.6%), from €1,142 to €2,588
- Financial charges +€175
up €175 (+14.4%), from €1,211 to €1,386
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 | €318,078 | €238,098 | -€79,980 | -25.1% |
| Fixed assets | 21/28 | €29,013 | €8,160 | -€20,853 | -71.9% |
| Tangible fixed assets | 22/27 | €29,013 | €5,910 | -€23,103 | -79.6% |
| Plant, machinery and equipment | 23 | €5,748 | €4,903 | -€845 | -14.7% |
| Furniture and vehicles | 24 | €23,264 | €1,006 | -€22,258 | -95.7% |
| Financial fixed assets | 28 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €289,065 | €229,938 | -€59,127 | -20.5% |
| Stocks and contracts in progress | 3 | €9,339 | - | -€9,339 | |
| Stocks | 30/36 | €9,339 | - | -€9,339 | |
| Amounts receivable within one year | 40/41 | €70,506 | €79,844 | +€9,338 | +13.2% |
| Trade receivables | 40 | €29,721 | €16,714 | -€13,007 | -43.8% |
| Other amounts receivable | 41 | €40,785 | €63,130 | +€22,345 | +54.8% |
| Cash at bank and in hand | 54/58 | €209,220 | €127,967 | -€81,253 | -38.8% |
| Deferred charges and accrued income | 490/1 | - | €22,126 | +€22,126 | |
| Total equity and liabilities | 10/49 | €318,078 | €238,098 | -€79,980 | -25.1% |
| Equity | 10/15 | €223,604 | €211,785 | -€11,819 | -5.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,604 | €206,785 | -€11,819 | -5.4% |
| Amounts payable | 17/49 | €94,473 | €26,312 | -€68,161 | -72.1% |
| Amounts payable within one year | 42/48 | €94,473 | €26,312 | -€68,161 | -72.1% |
| Current portion of amounts payable after more than one year | 42 | €6,813 | - | -€6,813 | |
| Trade debts | 44 | €11,367 | €1,462 | -€9,905 | -87.1% |
| Suppliers | 440/4 | €11,367 | €1,462 | -€9,905 | -87.1% |
| Advances received on contracts in progress | 46 | - | €20,538 | +€20,538 | |
| Taxes, remuneration and social security | 45 | €76,293 | €4,312 | -€71,982 | -94.3% |
| Taxes | 450/3 | €73,766 | €112 | -€73,654 | -99.8% |
| Remuneration and social security | 454/9 | €2,527 | €4,200 | +€1,673 | +66.2% |
| Non-recurring operating income | 76A | €8,859 | €4,128 | -€4,731 | -53.4% |
| Remuneration, social security and pensions | 62 | €74 | - | -€74 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,596 | €1,973 | -€5,623 | -74.0% |
| Other operating charges | 640/8 | €1,142 | €2,588 | +€1,446 | +126.6% |
| Non-recurring operating charges | 66A | - | €21,417 | +€21,417 | |
| Gross operating margin | 9900 | €2,330 | €15,546 | +€13,215 | +567.1% |
| Operating profit (loss) | 9901 | -€6,482 | -€10,432 | -€3,951 | -61.0% |
| Financial charges | 65/66B | €1,211 | €1,386 | +€175 | +14.4% |
| Recurring financial charges | 65 | €1,211 | €1,386 | +€175 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,693 | -€11,819 | -€4,126 | -53.6% |
| Income taxes | 67/77 | €14 | - | -€14 | |
| Profit (loss) for the period | 9904 | -€7,707 | -€11,819 | -€4,112 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,707 | -€11,819 | -€4,112 | -53.4% |
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 6 October 2026 via checked.be.