Aims. We present an image reconstruction method for optical/infrared long-baseline interferometry called IRBis (image reconstruction software using the bispectrum). We describe the theory and present applications to computer-simulated interferograms. Methods. The IRBis method can reconstruct an image from measured visibilities and closure phases. The applied optimization routine ASA_CG is based on conjugate gradients. The method allows the user to implement different regularizers, apply residual ratios as an additional metric for goodness-of-fit, and use previous iteration results as a prior to force convergence. Results. We present the theory of the IRBis method and several applications of the method to computer-simulated interferograms. The image reconstruction results show the dependence of the reconstructed image on the noise in the interferograms (e.g., for ten electron read-out noise and 139 to 1219 detected photons per interferogram), the regularization method, the angular resolution, and the reconstruction parameters applied. Furthermore, we present the IRBis reconstructions submitted to the interferometric imaging beauty contest 2012 initiated by the IAU Working Group on Optical/IR Interferometry and describe the performed data processing steps.