IPBuilding: 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.
IPBuilding
Largest movements
- Intangible fixed assets -€29,979
down €29,979 (-9.7%), from €309,716 to €279,737
- Financial fixed assets -€19,320
no longer reported in 2025 (was €19,320)
- Stocks and contracts -€10,810
down €10,810 (-10.9%), from €99,235 to €88,425
- Receivables within one year -€8,873
down €8,873 (-5.0%), from €178,880 to €170,007
of which Trade receivables: -€10,458
- Current portion of long-term debt -€52,197
down €52,197 (-91.6%), from €57,015 to €4,818
- Trade debts -€11,546
down €11,546 (-12.5%), from €92,672 to €81,126
- Tax, wage and social debts -€10,293
down €10,293 (-31.9%), from €32,239 to €21,946
of which Taxes: -€7,675
- Profit (loss) carried forward +€10,278
up €10,278 (+5.1%), from -€202,751 to -€192,473
- Gross operating margin -€21,881
down €21,881 (-8.3%), from €264,024 to €242,143
- Depreciation -€20,718
down €20,718 (-19.8%), from €104,552 to €83,835
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 | €612,854 | €544,360 | -€68,494 | -11.2% |
| Fixed assets | 21/28 | €329,517 | €280,347 | -€49,170 | -14.9% |
| Intangible fixed assets | 21 | €309,716 | €279,737 | -€29,979 | -9.7% |
| Tangible fixed assets | 22/27 | €481 | €610 | +€129 | +26.9% |
| Plant, machinery and equipment | 23 | €281 | €510 | +€229 | +81.8% |
| Furniture and vehicles | 24 | €200 | €100 | -€100 | -50.1% |
| Financial fixed assets | 28 | €19,320 | - | -€19,320 | |
| Current assets | 29/58 | €283,337 | €264,013 | -€19,324 | -6.8% |
| Stocks and contracts in progress | 3 | €99,235 | €88,425 | -€10,810 | -10.9% |
| Stocks | 30/36 | €99,235 | €88,425 | -€10,810 | -10.9% |
| Amounts receivable within one year | 40/41 | €178,880 | €170,007 | -€8,873 | -5.0% |
| Trade receivables | 40 | €178,798 | €168,341 | -€10,458 | -5.8% |
| Other amounts receivable | 41 | €82 | €1,667 | +€1,585 | +1934.1% |
| Cash at bank and in hand | 54/58 | €2,908 | €5,581 | +€2,673 | +91.9% |
| Deferred charges and accrued income | 490/1 | €2,314 | - | -€2,314 | |
| Total equity and liabilities | 10/49 | €612,854 | €544,360 | -€68,494 | -11.2% |
| Equity | 10/15 | €271,999 | €282,277 | +€10,278 | +3.8% |
| Contributions | 10/11 | €468,600 | €468,600 | = | 0.0% |
| Capital | 10 | €111,500 | €111,500 | = | 0.0% |
| Issued capital | 100 | €111,500 | €111,500 | = | 0.0% |
| Contributions outside capital | 11 | €357,100 | €357,100 | = | 0.0% |
| Share premium | 1100/10 | €357,100 | €357,100 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,751 | -€192,473 | +€10,278 | +5.1% |
| Amounts payable | 17/49 | €340,855 | €262,082 | -€78,772 | -23.1% |
| Amounts payable after more than one year | 17 | €154,818 | €150,000 | -€4,818 | -3.1% |
| Financial debts | 170/4 | €154,818 | €150,000 | -€4,818 | -3.1% |
| Amounts payable within one year | 42/48 | €186,037 | €112,082 | -€73,954 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €57,015 | €4,818 | -€52,197 | -91.6% |
| Trade debts | 44 | €92,672 | €81,126 | -€11,546 | -12.5% |
| Suppliers | 440/4 | €92,672 | €81,126 | -€11,546 | -12.5% |
| Taxes, remuneration and social security | 45 | €32,239 | €21,946 | -€10,293 | -31.9% |
| Taxes | 450/3 | €12,095 | €4,420 | -€7,675 | -63.5% |
| Remuneration and social security | 454/9 | €20,144 | €17,526 | -€2,618 | -13.0% |
| Other amounts payable | 47/48 | €4,110 | €4,192 | +€82 | +2.0% |
| Non-recurring operating income | 76A | €9,011 | - | -€9,011 | |
| Remuneration, social security and pensions | 62 | €133,163 | €133,469 | +€306 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,552 | €83,835 | -€20,718 | -19.8% |
| Other operating charges | 640/8 | €1,265 | €528 | -€737 | -58.3% |
| Gross operating margin | 9900 | €264,024 | €242,143 | -€21,881 | -8.3% |
| Operating profit (loss) | 9901 | €25,044 | €24,311 | -€733 | -2.9% |
| Financial income | 75/76B | €1,888 | €411 | -€1,477 | -78.2% |
| Recurring financial income | 75 | €1,888 | €411 | -€1,477 | -78.2% |
| Financial charges | 65/66B | €16,504 | €14,460 | -€2,044 | -12.4% |
| Recurring financial charges | 65 | €16,504 | €14,460 | -€2,044 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €10,427 | €10,262 | -€166 | -1.6% |
| Income taxes | 67/77 | €405 | -€16 | -€422 | |
| Profit (loss) for the period | 9904 | €10,022 | €10,278 | +€256 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,022 | €10,278 | +€256 | +2.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.