IBS Construct: 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.
IBS Construct
Largest movements
- Tangible fixed assets -€8,164
down €8,164 (-32.4%), from €25,158 to €16,995
of which Furniture and vehicles: -€7,098
- Receivables within one year -€6,364
down €6,364 (-19.2%), from €33,079 to €26,715
of which Other amounts receivable: -€6,496
- Debts after one year -€14,242
down €14,242 (-92.9%), from €15,334 to €1,091
- Trade debts +€13,920
up €13,920 (+119.7%), from €11,624 to €25,545
- Profit (loss) carried forward -€12,053
down €12,053 (-200.3%), from -€6,017 to -€18,070
- Advances received -€5,579
down €5,579 (-100.0%), from €5,579 to €0
- Other debts +€3,727
new in 2025: €3,727
- Gross operating margin -€32,034
down €32,034, from €29,385 to -€2,649
- Staff costs -€20,737
down €20,737 (-100.0%), from €20,737 to €0
- Depreciation -€1,465
down €1,465 (-15.2%), from €9,643 to €8,178
- Financial charges -€1,025
down €1,025 (-83.1%), from €1,233 to €208
- Other operating charges +€507
up €507 (+99.2%), from €511 to €1,018
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 | €58,695 | €44,339 | -€14,356 | -24.5% |
| Fixed assets | 21/28 | €25,173 | €16,995 | -€8,178 | -32.5% |
| Intangible fixed assets | 21 | €15 | €0 | -€15 | -100.0% |
| Tangible fixed assets | 22/27 | €25,158 | €16,995 | -€8,164 | -32.4% |
| Plant, machinery and equipment | 23 | €3,090 | €2,025 | -€1,065 | -34.5% |
| Furniture and vehicles | 24 | €22,068 | €14,970 | -€7,098 | -32.2% |
| Current assets | 29/58 | €33,522 | €27,344 | -€6,178 | -18.4% |
| Amounts receivable within one year | 40/41 | €33,079 | €26,715 | -€6,364 | -19.2% |
| Trade receivables | 40 | €22,721 | €22,853 | +€132 | +0.6% |
| Other amounts receivable | 41 | €10,358 | €3,861 | -€6,496 | -62.7% |
| Cash at bank and in hand | 54/58 | €443 | €630 | +€186 | +42.1% |
| Total equity and liabilities | 10/49 | €58,695 | €44,339 | -€14,356 | -24.5% |
| Equity | 10/15 | €12,851 | €798 | -€12,053 | -93.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,868 | €16,868 | = | 0.0% |
| Distributable reserves | 133 | €16,868 | €16,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,017 | -€18,070 | -€12,053 | -200.3% |
| Amounts payable | 17/49 | €45,844 | €43,541 | -€2,303 | -5.0% |
| Amounts payable after more than one year | 17 | €15,334 | €1,091 | -€14,242 | -92.9% |
| Financial debts | 170/4 | €15,334 | €1,091 | -€14,242 | -92.9% |
| Amounts payable within one year | 42/48 | €30,510 | €42,449 | +€11,939 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €12,413 | €10,317 | -€2,096 | -16.9% |
| Trade debts | 44 | €11,624 | €25,545 | +€13,920 | +119.7% |
| Suppliers | 440/4 | €11,624 | €25,545 | +€13,920 | +119.7% |
| Advances received on contracts in progress | 46 | €5,579 | €0 | -€5,579 | -100.0% |
| Taxes, remuneration and social security | 45 | €895 | €2,861 | +€1,966 | +219.8% |
| Taxes | 450/3 | €895 | €2,861 | +€1,966 | +219.8% |
| Other amounts payable | 47/48 | - | €3,727 | +€3,727 | |
| Non-recurring operating income | 76A | €6,194 | €39 | -€6,155 | -99.4% |
| Remuneration, social security and pensions | 62 | €20,737 | €0 | -€20,737 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,643 | €8,178 | -€1,465 | -15.2% |
| Other operating charges | 640/8 | €511 | €1,018 | +€507 | +99.2% |
| Non-recurring operating charges | 66A | €3,570 | €0 | -€3,570 | -100.0% |
| Gross operating margin | 9900 | €29,385 | -€2,649 | -€32,034 | |
| Operating profit (loss) | 9901 | -€5,076 | -€11,845 | -€6,769 | -133.3% |
| Financial income | 75/76B | €293 | €0 | -€293 | -100.0% |
| Recurring financial income | 75 | €293 | €0 | -€293 | -100.0% |
| Financial charges | 65/66B | €1,233 | €208 | -€1,025 | -83.1% |
| Recurring financial charges | 65 | €1,233 | €208 | -€1,025 | -83.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,017 | -€12,053 | -€6,036 | -100.3% |
| Profit (loss) for the period | 9904 | -€6,017 | -€12,053 | -€6,036 | -100.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,017 | -€12,053 | -€6,036 | -100.3% |
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 12 October 2026 via checked.be.