I.P. 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.P. CONSTRUCT
Largest movements
- Tangible fixed assets +€20,330
up €20,330 (+172.2%), from €11,805 to €32,135
of which Furniture and vehicles: +€22,126
- Receivables within one year -€19,052
down €19,052 (-44.3%), from €43,022 to €23,971
of which Trade receivables: -€16,004
- Cash -€6,674
down €6,674 (-29.0%), from €22,987 to €16,314
mainly Investment in fixed assets (net) (-€26,253) and Tax, wage and social debts (-€13,112)
- Deferred charges and accrued income -€905
down €905 (-63.4%), from €1,428 to €523
- Tax, wage and social debts -€13,112
down €13,112 (-97.3%), from €13,478 to €365
- Trade debts +€7,727
up €7,727 (+35.0%), from €22,108 to €29,835
- Profit (loss) carried forward -€1,451
down €1,451 (-3.5%), from €41,093 to €39,642
- Gross operating margin -€2,062
down €2,062 (-28.9%), from €7,131 to €5,069
- Depreciation +€1,222
up €1,222 (+26.0%), from €4,700 to €5,923
- Taxes -€365
no longer reported in 2025 (was €365)
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 | €79,243 | €72,942 | -€6,301 | -8.0% |
| Fixed assets | 21/28 | €11,805 | €32,135 | +€20,330 | +172.2% |
| Tangible fixed assets | 22/27 | €11,805 | €32,135 | +€20,330 | +172.2% |
| Plant, machinery and equipment | 23 | €4,052 | €2,255 | -€1,797 | -44.3% |
| Furniture and vehicles | 24 | €7,753 | €29,880 | +€22,126 | +285.4% |
| Current assets | 29/58 | €67,437 | €40,807 | -€26,631 | -39.5% |
| Amounts receivable within one year | 40/41 | €43,022 | €23,971 | -€19,052 | -44.3% |
| Trade receivables | 40 | €30,999 | €14,995 | -€16,004 | -51.6% |
| Other amounts receivable | 41 | €12,023 | €8,976 | -€3,048 | -25.3% |
| Cash at bank and in hand | 54/58 | €22,987 | €16,314 | -€6,674 | -29.0% |
| Deferred charges and accrued income | 490/1 | €1,428 | €523 | -€905 | -63.4% |
| Total equity and liabilities | 10/49 | €79,243 | €72,942 | -€6,301 | -8.0% |
| Equity | 10/15 | €43,593 | €42,142 | -€1,451 | -3.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,093 | €39,642 | -€1,451 | -3.5% |
| Amounts payable | 17/49 | €35,650 | €30,800 | -€4,850 | -13.6% |
| Amounts payable within one year | 42/48 | €35,650 | €30,800 | -€4,850 | -13.6% |
| Trade debts | 44 | €22,108 | €29,835 | +€7,727 | +35.0% |
| Suppliers | 440/4 | €22,108 | €29,835 | +€7,727 | +35.0% |
| Taxes, remuneration and social security | 45 | €13,478 | €365 | -€13,112 | -97.3% |
| Taxes | 450/3 | €13,478 | €365 | -€13,112 | -97.3% |
| Other amounts payable | 47/48 | €65 | €600 | +€535 | +828.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,700 | €5,923 | +€1,222 | +26.0% |
| Other operating charges | 640/8 | €212 | €175 | -€37 | -17.4% |
| Gross operating margin | 9900 | €7,131 | €5,069 | -€2,062 | -28.9% |
| Operating profit (loss) | 9901 | €2,219 | -€1,029 | -€3,248 | |
| Financial income | 75/76B | €12 | €1 | -€11 | -92.0% |
| Recurring financial income | 75 | €12 | €1 | -€11 | -92.0% |
| Financial charges | 65/66B | €356 | €422 | +€66 | +18.6% |
| Recurring financial charges | 65 | €356 | €422 | +€66 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €1,875 | -€1,451 | -€3,325 | |
| Income taxes | 67/77 | €365 | - | -€365 | |
| Profit (loss) for the period | 9904 | €1,510 | -€1,451 | -€2,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,510 | -€1,451 | -€2,960 |
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 1 October 2026 via checked.be.