IIV 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.
IIV CONSTRUCT
Largest movements
- Receivables within one year -€38,653
down €38,653 (-78.4%), from €49,302 to €10,648
of which Trade receivables: -€38,268
- Tangible fixed assets +€2,947
up €2,947 (+96.0%), from €3,071 to €6,019
of which Furniture and vehicles: +€5,271
- Deferred charges and accrued income -€852
down €852 (-14.2%), from €6,013 to €5,161
- Advances received -€12,043
down €12,043 (-100.0%), from €12,043 to €0
- Profit (loss) carried forward -€11,673
down €11,673, from €2,709 to -€8,964
- Trade debts -€11,624
down €11,624 (-100.0%), from €11,624 to €0
- Short-term financial debts -€4,056
down €4,056 (-83.0%), from €4,889 to €833
- Other debts +€2,541
up €2,541 (+21.1%), from €12,055 to €14,596
- Gross operating margin -€28,639
down €28,639, from €25,555 to -€3,085
- Depreciation -€1,273
down €1,273 (-25.2%), from €5,060 to €3,787
- Financial charges +€903
up €903 (+35.2%), from €2,562 to €3,465
- Other operating charges +€686
up €686 (+105.4%), from €651 to €1,336
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,416 | €21,858 | -€36,558 | -62.6% |
| Fixed assets | 21/28 | €3,101 | €6,049 | +€2,947 | +95.0% |
| Tangible fixed assets | 22/27 | €3,071 | €6,019 | +€2,947 | +96.0% |
| Plant, machinery and equipment | 23 | €2,831 | €507 | -€2,324 | -82.1% |
| Furniture and vehicles | 24 | €241 | €5,512 | +€5,271 | +2190.5% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €55,315 | €15,810 | -€39,505 | -71.4% |
| Amounts receivable within one year | 40/41 | €49,302 | €10,648 | -€38,653 | -78.4% |
| Trade receivables | 40 | €46,908 | €8,640 | -€38,268 | -81.6% |
| Other amounts receivable | 41 | €2,394 | €2,009 | -€385 | -16.1% |
| Deferred charges and accrued income | 490/1 | €6,013 | €5,161 | -€852 | -14.2% |
| Total equity and liabilities | 10/49 | €58,416 | €21,858 | -€36,558 | -62.6% |
| Equity | 10/15 | €17,564 | €5,891 | -€11,673 | -66.5% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,709 | -€8,964 | -€11,673 | |
| Amounts payable | 17/49 | €40,853 | €15,967 | -€24,885 | -60.9% |
| Amounts payable within one year | 42/48 | €40,853 | €15,540 | -€25,313 | -62.0% |
| Financial debts | 43 | €4,889 | €833 | -€4,056 | -83.0% |
| Credit institutions | 430/8 | €4,889 | €833 | -€4,056 | -83.0% |
| Trade debts | 44 | €11,624 | €0 | -€11,624 | -100.0% |
| Suppliers | 440/4 | €11,624 | €0 | -€11,624 | -100.0% |
| Advances received on contracts in progress | 46 | €12,043 | €0 | -€12,043 | -100.0% |
| Taxes, remuneration and social security | 45 | €243 | €111 | -€132 | -54.2% |
| Taxes | 450/3 | €243 | €111 | -€132 | -54.2% |
| Other amounts payable | 47/48 | €12,055 | €14,596 | +€2,541 | +21.1% |
| Accrued charges and deferred income | 492/3 | - | €428 | +€428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,060 | €3,787 | -€1,273 | -25.2% |
| Other operating charges | 640/8 | €651 | €1,336 | +€686 | +105.4% |
| Gross operating margin | 9900 | €25,555 | -€3,085 | -€28,639 | |
| Operating profit (loss) | 9901 | €19,845 | -€8,208 | -€28,052 | |
| Financial charges | 65/66B | €2,562 | €3,465 | +€903 | +35.2% |
| Recurring financial charges | 65 | €2,562 | €3,465 | +€903 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €17,282 | -€11,673 | -€28,955 | |
| Income taxes | 67/77 | €111 | €0 | -€111 | -100.0% |
| Profit (loss) for the period | 9904 | €17,171 | -€11,673 | -€28,844 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,171 | -€11,673 | -€28,844 |
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 12 October 2026 via checked.be.