IKIA CONSTRUCTION: 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.
IKIA CONSTRUCTION
Largest movements
- Receivables within one year -€135,464
down €135,464 (-62.6%), from €216,305 to €80,841
of which Trade receivables: -€133,343
- Cash -€23,184
down €23,184 (-61.2%), from €37,868 to €14,684
mainly Trade debts (-€161,306) and Contributions, distributions and other (-€15,900)
- Deferred charges and accrued income -€3,834
down €3,834 (-85.7%), from €4,476 to €642
- Tangible fixed assets -€3,787
down €3,787 (-9.4%), from €40,420 to €36,633
of which Land and buildings: -€2,104
- Trade debts -€161,306
down €161,306 (-95.8%), from €168,327 to €7,021
- Tax, wage and social debts +€13,622
up €13,622 (+288%), from €4,724 to €18,345
of which Remuneration and social security: +€11,471
- Reserves -€11,215
down €11,215 (-12.8%), from €87,807 to €76,591
of which Distributable reserves: -€11,215
- Debts after one year -€4,794
no longer reported in 2025 (was €4,794)
- Gross operating margin -€16,433
down €16,433 (-59.2%), from €27,737 to €11,304
- Taxes -€3,383
down €3,383 (-71.6%), from €4,723 to €1,340
- Depreciation +€1,110
up €1,110 (+41.5%), from €2,676 to €3,787
- Other operating charges -€662
down €662 (-39.4%), from €1,682 to €1,020
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 | €299,969 | €133,701 | -€166,268 | -55.4% |
| Fixed assets | 21/28 | €41,320 | €37,533 | -€3,787 | -9.2% |
| Tangible fixed assets | 22/27 | €40,420 | €36,633 | -€3,787 | -9.4% |
| Land and buildings | 22 | €32,578 | €30,474 | -€2,104 | -6.5% |
| Plant, machinery and equipment | 23 | €7,842 | €6,159 | -€1,683 | -21.5% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €258,649 | €96,168 | -€162,482 | -62.8% |
| Amounts receivable within one year | 40/41 | €216,305 | €80,841 | -€135,464 | -62.6% |
| Trade receivables | 40 | €210,450 | €77,107 | -€133,343 | -63.4% |
| Other amounts receivable | 41 | €5,855 | €3,734 | -€2,121 | -36.2% |
| Cash at bank and in hand | 54/58 | €37,868 | €14,684 | -€23,184 | -61.2% |
| Deferred charges and accrued income | 490/1 | €4,476 | €642 | -€3,834 | -85.7% |
| Total equity and liabilities | 10/49 | €299,969 | €133,701 | -€166,268 | -55.4% |
| Equity | 10/15 | €95,867 | €84,651 | -€11,215 | -11.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Contributions outside capital | 11 | €8,060 | €8,060 | = | 0.0% |
| Share premium | 1100/10 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €87,807 | €76,591 | -€11,215 | -12.8% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €85,807 | €74,591 | -€11,215 | -13.1% |
| Amounts payable | 17/49 | €204,103 | €49,050 | -€155,053 | -76.0% |
| Amounts payable after more than one year | 17 | €4,794 | - | -€4,794 | |
| Financial debts | 170/4 | €4,794 | - | -€4,794 | |
| Amounts payable within one year | 42/48 | €199,309 | €49,050 | -€150,259 | -75.4% |
| Current portion of amounts payable after more than one year | 42 | €4,771 | €4,794 | +€23 | +0.5% |
| Trade debts | 44 | €168,327 | €7,021 | -€161,306 | -95.8% |
| Suppliers | 440/4 | €168,327 | €7,021 | -€161,306 | -95.8% |
| Taxes, remuneration and social security | 45 | €4,724 | €18,345 | +€13,622 | +288% |
| Taxes | 450/3 | €4,724 | €6,875 | +€2,151 | +45.5% |
| Remuneration and social security | 454/9 | - | €11,471 | +€11,471 | |
| Other amounts payable | 47/48 | €21,487 | €18,889 | -€2,598 | -12.1% |
| Non-recurring operating income | 76A | - | €2,284 | +€2,284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,676 | €3,787 | +€1,110 | +41.5% |
| Other operating charges | 640/8 | €1,682 | €1,020 | -€662 | -39.4% |
| Gross operating margin | 9900 | €27,737 | €11,304 | -€16,433 | -59.2% |
| Operating profit (loss) | 9901 | €23,378 | €6,497 | -€16,881 | -72.2% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €579 | €473 | -€107 | -18.4% |
| Recurring financial charges | 65 | €579 | €473 | -€107 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €22,804 | €6,025 | -€16,779 | -73.6% |
| Income taxes | 67/77 | €4,723 | €1,340 | -€3,383 | -71.6% |
| Profit (loss) for the period | 9904 | €18,080 | €4,685 | -€13,396 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,080 | €4,685 | -€13,396 | -74.1% |
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 25 October 2026 via checked.be.