I.F. CONSTRUCT: 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.
I.F. CONSTRUCT
Largest movements
- Cash +€30,035
up €30,035 (+260.7%), from €11,521 to €41,556
mainly Net result for the year (+€20,126) and Tax, wage and social debts (+€7,762)
- Receivables within one year +€6,756
up €6,756 (+22.5%), from €29,959 to €36,715
of which Other amounts receivable: +€3,814
- Tangible fixed assets -€1,754
down €1,754 (-57.4%), from €3,058 to €1,304
of which Furniture and vehicles: -€1,533
- Profit (loss) carried forward +€20,126
up €20,126 (+72.6%), from €27,715 to €47,841
- Tax, wage and social debts +€7,762
up €7,762 (+2587.3%), from €300 to €8,062
of which Remuneration and social security: +€7,662
- Trade debts +€6,967
up €6,967 (+107.5%), from €6,480 to €13,447
- Gross operating margin +€29,436
up €29,436 (+17268.6%), from €170 to €29,607
- Financial charges -€4,546
down €4,546 (-65.4%), from €6,955 to €2,409
- Other operating charges -€3,321
down €3,321 (-66.8%), from €4,971 to €1,650
- Taxes +€3,205
up €3,205 (+692.8%), from €463 to €3,668
- Depreciation +€1,181
up €1,181 (+206.1%), from €573 to €1,754
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 | €46,833 | €81,104 | +€34,271 | +73.2% |
| Fixed assets | 21/28 | €3,108 | €1,354 | -€1,754 | -56.4% |
| Tangible fixed assets | 22/27 | €3,058 | €1,304 | -€1,754 | -57.4% |
| Plant, machinery and equipment | 23 | €314 | €94 | -€221 | -70.2% |
| Furniture and vehicles | 24 | €2,744 | €1,211 | -€1,533 | -55.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €43,725 | €79,749 | +€36,025 | +82.4% |
| Amounts receivable within one year | 40/41 | €29,959 | €36,715 | +€6,756 | +22.5% |
| Trade receivables | 40 | €20,998 | €23,939 | +€2,941 | +14.0% |
| Other amounts receivable | 41 | €8,962 | €12,776 | +€3,814 | +42.6% |
| Cash at bank and in hand | 54/58 | €11,521 | €41,556 | +€30,035 | +260.7% |
| Deferred charges and accrued income | 490/1 | €2,244 | €1,478 | -€766 | -34.1% |
| Total equity and liabilities | 10/49 | €46,833 | €81,104 | +€34,271 | +73.2% |
| Equity | 10/15 | €38,380 | €58,505 | +€20,126 | +52.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €10,663 | €10,663 | = | 0.0% |
| Distributable reserves | 133 | €10,663 | €10,663 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,715 | €47,841 | +€20,126 | +72.6% |
| Amounts payable | 17/49 | €8,453 | €22,598 | +€14,145 | +167.3% |
| Amounts payable within one year | 42/48 | €8,453 | €22,475 | +€14,022 | +165.9% |
| Trade debts | 44 | €6,480 | €13,447 | +€6,967 | +107.5% |
| Suppliers | 440/4 | €6,480 | €13,447 | +€6,967 | +107.5% |
| Taxes, remuneration and social security | 45 | €300 | €8,062 | +€7,762 | +2587.3% |
| Taxes | 450/3 | €250 | €350 | +€100 | +40.0% |
| Remuneration and social security | 454/9 | €50 | €7,712 | +€7,662 | +15324.0% |
| Other amounts payable | 47/48 | €1,673 | €966 | -€707 | -42.3% |
| Accrued charges and deferred income | 492/3 | - | €124 | +€124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €573 | €1,754 | +€1,181 | +206.1% |
| Other operating charges | 640/8 | €4,971 | €1,650 | -€3,321 | -66.8% |
| Gross operating margin | 9900 | €170 | €29,607 | +€29,436 | +17268.6% |
| Operating profit (loss) | 9901 | -€5,373 | €26,203 | +€31,576 | |
| Financial income | 75/76B | €26 | €0 | -€26 | -100.0% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -100.0% |
| Financial charges | 65/66B | €6,955 | €2,409 | -€4,546 | -65.4% |
| Recurring financial charges | 65 | €6,955 | €2,409 | -€4,546 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,303 | €23,794 | +€36,096 | |
| Income taxes | 67/77 | €463 | €3,668 | +€3,205 | +692.8% |
| Profit (loss) for the period | 9904 | -€12,765 | €20,126 | +€32,891 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,765 | €20,126 | +€32,891 |
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 7 October 2026 via checked.be.