I&M 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.
I&M Construct
Largest movements
- Tangible fixed assets +€69,748
up €69,748 (+887%), from €7,861 to €77,609
of which Furniture and vehicles: +€67,163
- Cash +€24,570
up €24,570 (+130%), from €18,939 to €43,509
mainly Debts after one year (+€39,879) and Trade debts (+€34,761)
- Receivables within one year +€10,553
up €10,553 (+160%), from €6,592 to €17,146
of which Other amounts receivable: +€6,333
- Debts after one year +€39,879
new in 2025: €39,879
- Trade debts +€34,761
up €34,761 (+408%), from €8,513 to €43,274
of which Suppliers: +€25,577
- Current portion of long-term debt +€12,370
new in 2025: €12,370
- Profit (loss) carried forward +€9,571
up €9,571 (+86.9%), from €11,015 to €20,586
- Tax, wage and social debts +€8,510
up €8,510 (+77.7%), from €10,955 to €19,465
of which Remuneration and social security: +€8,571
- Depreciation +€3,546
up €3,546 (+135%), from €2,630 to €6,176
- Gross operating margin +€2,754
up €2,754 (+15.8%), from €17,463 to €20,217
- Other operating charges +€630
up €630 (+79.7%), from €790 to €1,419
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,483 | €138,574 | +€105,091 | +314% |
| Fixed assets | 21/28 | €7,951 | €77,919 | +€69,968 | +880% |
| Tangible fixed assets | 22/27 | €7,861 | €77,609 | +€69,748 | +887% |
| Plant, machinery and equipment | 23 | - | €2,584 | +€2,584 | |
| Furniture and vehicles | 24 | €7,861 | €75,025 | +€67,163 | +854% |
| Financial fixed assets | 28 | €90 | €310 | +€220 | +244% |
| Current assets | 29/58 | €25,532 | €60,655 | +€35,123 | +138% |
| Amounts receivable within one year | 40/41 | €6,592 | €17,146 | +€10,553 | +160% |
| Trade receivables | 40 | €5,438 | €9,658 | +€4,220 | +77.6% |
| Other amounts receivable | 41 | €1,155 | €7,488 | +€6,333 | +549% |
| Cash at bank and in hand | 54/58 | €18,939 | €43,509 | +€24,570 | +130% |
| Total equity and liabilities | 10/49 | €33,483 | €138,574 | +€105,091 | +314% |
| Equity | 10/15 | €14,015 | €23,586 | +€9,571 | +68.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,015 | €20,586 | +€9,571 | +86.9% |
| Amounts payable | 17/49 | €19,468 | €114,988 | +€95,520 | +491% |
| Amounts payable after more than one year | 17 | - | €39,879 | +€39,879 | |
| Financial debts | 170/4 | - | €39,879 | +€39,879 | |
| Amounts payable within one year | 42/48 | €19,468 | €75,109 | +€55,641 | +286% |
| Current portion of amounts payable after more than one year | 42 | - | €12,370 | +€12,370 | |
| Trade debts | 44 | €8,513 | €43,274 | +€34,761 | +408% |
| Suppliers | 440/4 | €1,708 | €27,285 | +€25,577 | +1,498% |
| Bills of exchange payable | 441 | €6,805 | €15,989 | +€9,184 | +135% |
| Taxes, remuneration and social security | 45 | €10,955 | €19,465 | +€8,510 | +77.7% |
| Taxes | 450/3 | €3,155 | €3,094 | -€62 | -2.0% |
| Remuneration and social security | 454/9 | €7,800 | €16,371 | +€8,571 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,630 | €6,176 | +€3,546 | +135% |
| Other operating charges | 640/8 | €790 | €1,419 | +€630 | +79.7% |
| Gross operating margin | 9900 | €17,463 | €20,217 | +€2,754 | +15.8% |
| Operating profit (loss) | 9901 | €14,043 | €12,621 | -€1,421 | -10.1% |
| Financial charges | 65/66B | €1 | €70 | +€69 | +12,329% |
| Recurring financial charges | 65 | €1 | €70 | +€69 | +12,329% |
| Profit (loss) for the period before taxes | 9903 | €14,042 | €12,552 | -€1,490 | -10.6% |
| Income taxes | 67/77 | €3,027 | €2,980 | -€47 | -1.5% |
| Profit (loss) for the period | 9904 | €11,015 | €9,571 | -€1,444 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,015 | €9,571 | -€1,444 | -13.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.