IBENS: 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
IBENS
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.6m
2024 · €3.0m+€556,627
Equity
€13.4m
2024 · €12.9m+€539,708
Cash
€9.3m
2024 · €5.2m+€4.1m
Balance sheet total
€37.4m
2024 · €38.5m-€1.1m
Largest movements
Assets
- Cash +€4.1m
up €4.1m (+79.1%), from €5.2m to €9.3m
mainly Receivables within one year (+€3.9m) and Net result for the year (+€3.6m)
- Receivables within one year -€3.9m
down €3.9m (-24.2%), from €16.0m to €12.1m
of which Trade receivables: -€3.6m
- Receivables after one year -€2.1m
down €2.1m (-100%), from €2.1m to €0
- Stocks and contracts +€1.5m
up €1.5m (+109%), from €1.3m to €2.8m
- Current investments -€1.0m
down €1.0m (-8.7%), from €11.5m to €10.5m
Equity and liabilities
- Advances received -€3.0m
down €3.0m (-21.6%), from €13.8m to €10.9m
- Trade debts +€804,207
up €804,207 (+7.5%), from €10.7m to €11.5m
- Reserves +€539,708
up €539,708 (+6.3%), from €8.6m to €9.2m
of which Distributable reserves: +€539,708
- Tax, wage and social debts +€518,105
up €518,105 (+66.5%), from €779,250 to €1.3m
of which Taxes: +€438,113
Income statement
- Goods and materials +€4.8m
up €4.8m (+9.4%), from €50.7m to €55.5m
- Staff costs +€837,954
up €837,954 (+15.1%), from €5.6m to €6.4m
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
€3.0m
Turnover
-€373,239
Other operating income
+€220,127
Goods and materials
-€4.8m
Services and other goods
-€6,818
Staff costs
-€837,954
Depreciation
+€34,375
Provisions
+€28,574
Other operating charges
-€3,288
Other operating items
+€6.7m
Financial income
-€275,439
Financial charges
-€8,887
Taxes
-€180,262
Result 2025
€3.6m
raises the resultlowers the resultnot broken down further in the accounts
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
+€6.7m
Investment
+€507,884
Financing
-€3.1m
Cash 2024
€5.2m
From operations (derived)
+€6.7m
Net result for the year
+€3.6m
Depreciation
+€162,113
Receivables after one year
+€2.1m
Stocks and contracts
-€1.5m
Receivables within one year
+€3.9m
Deferred charges and accrued income
+€55,269
Provisions
+€5,422
Trade debts
+€804,207
Tax, wage and social debts
+€518,105
Advances received
-€3.0m
Other debts
+€16,919
Investment (derived)
+€507,884
Investment in fixed assets (net)
-€492,116
Current investments
+€1.0m
Financing
-€3.1m
Contributions, distributions and other
-€3.1m
Cash 2025
€9.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,538,848 | €37,437,275 | -€1.1m | -2.9% |
| Fixed assets | 21/28 | €2,095,047 | €2,425,050 | +€330,004 | +15.8% |
| Intangible fixed assets | 21 | €26,748 | €84,562 | +€57,814 | +216% |
| Tangible fixed assets | 22/27 | €483,668 | €615,957 | +€132,289 | +27.4% |
| Plant, machinery and equipment | 23 | €78,887 | €82,755 | +€3,868 | +4.9% |
| Furniture and vehicles | 24 | €112,856 | €292,505 | +€179,649 | +159% |
| Other tangible fixed assets | 26 | €291,924 | €240,697 | -€51,227 | -17.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,584,631 | €1,724,531 | +€139,900 | +8.8% |
| Other financial fixed assets | 284/8 | €1,584,631 | €1,724,531 | +€139,900 | +8.8% |
| Shares | 284 | €139,275 | €151,775 | +€12,500 | +9.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,445,356 | €1,572,756 | +€127,400 | +8.8% |
| Current assets | 29/58 | €36,443,802 | €35,012,225 | -€1.4m | -3.9% |
| Amounts receivable after more than one year | 29 | €2,080,112 | €0 | -€2.1m | -100% |
| Other amounts receivable | 291 | €2,080,112 | €0 | -€2.1m | -100% |
| Stocks and contracts in progress | 3 | €1,334,329 | €2,788,268 | +€1.5m | +109% |
| Contracts in progress | 37 | €1,334,329 | €2,788,268 | +€1.5m | +109% |
| Amounts receivable within one year | 40/41 | €16,001,270 | €12,136,205 | -€3.9m | -24.2% |
| Trade receivables | 40 | €15,744,714 | €12,135,866 | -€3.6m | -22.9% |
| Other amounts receivable | 41 | €256,556 | €339 | -€256,217 | -99.9% |
| Current investments | 50/53 | €11,500,000 | €10,500,000 | -€1.0m | -8.7% |
| Other investments | 51/53 | €11,500,000 | €10,500,000 | -€1.0m | -8.7% |
| Cash at bank and in hand | 54/58 | €5,202,116 | €9,317,046 | +€4.1m | +79.1% |
| Deferred charges and accrued income | 490/1 | €325,975 | €270,706 | -€55,269 | -17.0% |
| Total equity and liabilities | 10/49 | €38,538,848 | €37,437,275 | -€1.1m | -2.9% |
| Equity | 10/15 | €12,872,632 | €13,412,340 | +€539,708 | +4.2% |
| Contributions | 10/11 | €4,255,000 | €4,255,000 | = | 0.0% |
| Capital | 10 | €4,255,000 | €4,255,000 | = | 0.0% |
| Issued capital | 100 | €4,255,000 | €4,255,000 | = | 0.0% |
| Reserves | 13 | €8,617,632 | €9,157,340 | +€539,708 | +6.3% |
| Non-distributable reserves | 130/1 | €425,500 | €425,500 | = | 0.0% |
| Legal reserve | 130 | €425,500 | €425,500 | = | 0.0% |
| Distributable reserves | 133 | €8,192,132 | €8,731,840 | +€539,708 | +6.6% |
| Provisions and deferred taxes | 16 | €308,997 | €314,419 | +€5,422 | +1.8% |
| Provisions for liabilities and charges | 160/5 | €308,997 | €314,419 | +€5,422 | +1.8% |
| Pensions and similar obligations | 160 | €33,997 | €39,419 | +€5,422 | +16.0% |
| Other liabilities and charges | 164/5 | €275,000 | €275,000 | = | 0.0% |
| Amounts payable | 17/49 | €25,357,220 | €23,710,516 | -€1.6m | -6.5% |
| Amounts payable within one year | 42/48 | €25,357,220 | €23,710,516 | -€1.6m | -6.5% |
| Trade debts | 44 | €10,670,379 | €11,474,586 | +€804,207 | +7.5% |
| Suppliers | 440/4 | €10,670,379 | €11,474,586 | +€804,207 | +7.5% |
| Advances received on contracts in progress | 46 | €13,841,410 | €10,855,476 | -€3.0m | -21.6% |
| Taxes, remuneration and social security | 45 | €779,250 | €1,297,355 | +€518,105 | +66.5% |
| Taxes | 450/3 | €88,973 | €527,087 | +€438,113 | +492% |
| Remuneration and social security | 454/9 | €690,277 | €770,268 | +€79,991 | +11.6% |
| Other amounts payable | 47/48 | €66,180 | €83,099 | +€16,919 | +25.6% |
| Operating income | 70/76A | €63,641,433 | €70,158,471 | +€6.5m | +10.2% |
| Turnover | 70 | €65,643,604 | €65,270,365 | -€373,239 | -0.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€2,230,278 | €4,439,873 | +€6.7m | |
| Other operating income | 74 | €228,106 | €448,233 | +€220,127 | +96.5% |
| Operating charges | 60/66A | €60,085,716 | €65,581,539 | +€5.5m | +9.1% |
| Goods for resale, raw materials and consumables | 60 | €50,717,586 | €55,479,753 | +€4.8m | +9.4% |
| Purchases | 600/8 | €50,717,586 | €55,479,753 | +€4.8m | +9.4% |
| Services and other goods | 61 | €3,517,492 | €3,524,311 | +€6,818 | +0.2% |
| Remuneration, social security and pensions | 62 | €5,563,860 | €6,401,814 | +€837,954 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,487 | €162,113 | -€34,375 | -17.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €33,997 | €5,422 | -€28,574 | -84.0% |
| Other operating charges | 640/8 | €4,601 | €7,890 | +€3,288 | +71.5% |
| Non-recurring operating charges | 66A | €51,692 | €237 | -€51,455 | -99.5% |
| Operating profit (loss) | 9901 | €3,555,717 | €4,576,932 | +€1.0m | +28.7% |
| Financial income | 75/76B | €678,403 | €402,963 | -€275,439 | -40.6% |
| Recurring financial income | 75 | €678,403 | €402,963 | -€275,439 | -40.6% |
| Income from financial fixed assets | 750 | €341,383 | €27,397 | -€313,986 | -92.0% |
| Income from current assets | 751 | €167,646 | €289,622 | +€121,976 | +72.8% |
| Other financial income | 752/9 | €169,374 | €85,944 | -€83,430 | -49.3% |
| Financial charges | 65/66B | €51,521 | €60,407 | +€8,887 | +17.2% |
| Recurring financial charges | 65 | €51,521 | €60,407 | +€8,887 | +17.2% |
| Debt charges | 650 | €43,893 | €47,990 | +€4,097 | +9.3% |
| Other financial charges | 652/9 | €7,627 | €12,417 | +€4,790 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €4,182,599 | €4,919,488 | +€736,889 | +17.6% |
| Income taxes | 67/77 | €1,144,172 | €1,324,434 | +€180,262 | +15.8% |
| Taxes | 670/3 | €1,144,172 | €1,326,896 | +€182,724 | +16.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €2,462 | +€2,462 | |
| Profit (loss) for the period | 9904 | €3,038,427 | €3,595,054 | +€556,627 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,038,427 | €3,595,054 | +€556,627 | +18.3% |
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 15 October 2026 via checked.be.