ICT Constantinescu: 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.
ICT Constantinescu
Largest movements
- Cash +€22,591
up €22,591 (+29.8%), from €75,916 to €98,508
mainly Net result for the year (+€31,198) and Tax, wage and social debts (+€4,668)
- Tangible fixed assets -€2,895
down €2,895 (-55.2%), from €5,244 to €2,349
- Receivables within one year +€2,460
up €2,460 (+3.1%), from €78,851 to €81,311
of which Other amounts receivable: +€15,873
- Reserves +€30,000
up €30,000 (+6,000%), from €500 to €30,500
- Trade debts -€13,713
down €13,713 (-79.5%), from €17,242 to €3,529
of which Bills of exchange payable: -€16,197
- Tax, wage and social debts +€4,668
up €4,668 (+59.3%), from €7,872 to €12,539
- Purchases and services -€17,136
down €17,136 (-19.0%), from €90,359 to €73,223
- Gross operating margin +€6,938
up €6,938 (+8.4%), from €82,529 to €89,467
- Taxes +€3,656
up €3,656 (+41.7%), from €8,769 to €12,425
- Depreciation +€2,271
up €2,271 (+364%), from €624 to €2,895
- Financial charges -€2,071
down €2,071 (-4.8%), from €43,173 to €41,102
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 | €160,116 | €182,273 | +€22,157 | +13.8% |
| Fixed assets | 21/28 | €5,349 | €2,454 | -€2,895 | -54.1% |
| Tangible fixed assets | 22/27 | €5,244 | €2,349 | -€2,895 | -55.2% |
| Furniture and vehicles | 24 | €5,244 | €2,349 | -€2,895 | -55.2% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €154,768 | €179,819 | +€25,052 | +16.2% |
| Amounts receivable within one year | 40/41 | €78,851 | €81,311 | +€2,460 | +3.1% |
| Trade receivables | 40 | €30,701 | €17,288 | -€13,413 | -43.7% |
| Other amounts receivable | 41 | €48,151 | €64,024 | +€15,873 | +33.0% |
| Cash at bank and in hand | 54/58 | €75,916 | €98,508 | +€22,591 | +29.8% |
| Total equity and liabilities | 10/49 | €160,116 | €182,273 | +€22,157 | +13.8% |
| Equity | 10/15 | €135,003 | €166,201 | +€31,198 | +23.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €30,500 | +€30,000 | +6,000% |
| Distributable reserves | 133 | €500 | €30,500 | +€30,000 | +6,000% |
| Profit (loss) carried forward | 14 | €129,503 | €130,701 | +€1,198 | +0.9% |
| Amounts payable | 17/49 | €25,114 | €16,072 | -€9,042 | -36.0% |
| Amounts payable within one year | 42/48 | €25,114 | €16,072 | -€9,042 | -36.0% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €17,242 | €3,529 | -€13,713 | -79.5% |
| Suppliers | 440/4 | €1,045 | €3,529 | +€2,484 | +238% |
| Bills of exchange payable | 441 | €16,197 | - | -€16,197 | |
| Taxes, remuneration and social security | 45 | €7,872 | €12,539 | +€4,668 | +59.3% |
| Taxes | 450/3 | €7,872 | €12,539 | +€4,668 | +59.3% |
| Turnover | 70 | €155,700 | €156,844 | +€1,144 | +0.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €90,359 | €73,223 | -€17,136 | -19.0% |
| Remuneration, social security and pensions | 62 | €135 | €277 | +€142 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €624 | €2,895 | +€2,271 | +364% |
| Other operating charges | 640/8 | €511 | €1,570 | +€1,059 | +207% |
| Gross operating margin | 9900 | €82,529 | €89,467 | +€6,938 | +8.4% |
| Operating profit (loss) | 9901 | €81,259 | €84,725 | +€3,466 | +4.3% |
| Financial charges | 65/66B | €43,173 | €41,102 | -€2,071 | -4.8% |
| Recurring financial charges | 65 | €43,173 | €41,102 | -€2,071 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €38,087 | €43,623 | +€5,537 | +14.5% |
| Income taxes | 67/77 | €8,769 | €12,425 | +€3,656 | +41.7% |
| Profit (loss) for the period | 9904 | €29,318 | €31,198 | +€1,881 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,318 | €31,198 | +€1,881 | +6.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.