IHNAT CONSTRUCT: what changed
IHNAT CONSTRUCT
Largest movements
- Receivables within one year -€3,423
down €3,423 (-3.6%), from €94,945 to €91,522
of which Trade receivables: -€39,644
- Cash -€1,873
down €1,873 (-93.6%), from €2,002 to €129
mainly Trade debts (-€34,808) and Investment in fixed assets (net) (-€1,198)
- Trade debts -€34,808
down €34,808 (-59.4%), from €58,550 to €23,742
- Profit (loss) carried forward +€25,657
up €25,657 (+92.5%), from €27,734 to €53,391
- Tax, wage and social debts +€4,813
up €4,813 (+65.2%), from €7,379 to €12,192
of which Taxes: +€3,533
- Gross operating margin +€25,158
up €25,158 (+171%), from €14,734 to €39,892
- Taxes +€7,391
up €7,391 (+220%), from €3,355 to €10,746
- Other operating charges +€2,059
up €2,059 (+152%), from €1,355 to €3,414
- Financial income +€1,169
up €1,169 (+665%), from €176 to €1,345
- Financial charges +€626
up €626 (+113%), from €554 to €1,180
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,997 | €92,660 | -€4,337 | -4.5% |
| Fixed assets | 21/28 | €50 | €1,009 | +€959 | +1,917% |
| Tangible fixed assets | 22/27 | - | €959 | +€959 | |
| Furniture and vehicles | 24 | - | €959 | +€959 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €96,947 | €91,651 | -€5,296 | -5.5% |
| Amounts receivable within one year | 40/41 | €94,945 | €91,522 | -€3,423 | -3.6% |
| Trade receivables | 40 | €79,497 | €39,853 | -€39,644 | -49.9% |
| Other amounts receivable | 41 | €15,448 | €51,669 | +€36,221 | +234% |
| Cash at bank and in hand | 54/58 | €2,002 | €129 | -€1,873 | -93.6% |
| Total equity and liabilities | 10/49 | €96,997 | €92,660 | -€4,337 | -4.5% |
| Equity | 10/15 | €31,068 | €56,725 | +€25,657 | +82.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €3,333 | €3,333 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,333 | €3,333 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,333 | €3,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,734 | €53,391 | +€25,657 | +92.5% |
| Amounts payable | 17/49 | €65,929 | €35,934 | -€29,995 | -45.5% |
| Amounts payable within one year | 42/48 | €65,929 | €35,934 | -€29,995 | -45.5% |
| Trade debts | 44 | €58,550 | €23,742 | -€34,808 | -59.4% |
| Suppliers | 440/4 | €58,550 | €23,742 | -€34,808 | -59.4% |
| Taxes, remuneration and social security | 45 | €7,379 | €12,192 | +€4,813 | +65.2% |
| Taxes | 450/3 | €7,379 | €10,912 | +€3,533 | +47.9% |
| Remuneration and social security | 454/9 | - | €1,280 | +€1,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €240 | +€240 | |
| Other operating charges | 640/8 | €1,355 | €3,414 | +€2,059 | +152% |
| Gross operating margin | 9900 | €14,734 | €39,892 | +€25,158 | +171% |
| Operating profit (loss) | 9901 | €13,379 | €36,239 | +€22,860 | +171% |
| Financial income | 75/76B | €176 | €1,345 | +€1,169 | +665% |
| Recurring financial income | 75 | €176 | €1,345 | +€1,169 | +665% |
| Financial charges | 65/66B | €554 | €1,180 | +€626 | +113% |
| Recurring financial charges | 65 | €554 | €1,180 | +€626 | +113% |
| Profit (loss) for the period before taxes | 9903 | €13,001 | €36,403 | +€23,402 | +180% |
| Income taxes | 67/77 | €3,355 | €10,746 | +€7,391 | +220% |
| Profit (loss) for the period | 9904 | €9,646 | €25,657 | +€16,012 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €9,646 | €25,657 | +€16,012 | +166% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.