IO. DE. CO 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.
IO. DE. CO Construct
Largest movements
- Receivables within one year +€80,334
up €80,334 (+2073.7%), from €3,874 to €84,208
of which Trade receivables: +€79,571
- Tangible fixed assets -€6,106
down €6,106 (-18.4%), from €33,256 to €27,150
of which Furniture and vehicles: -€7,625
- Cash -€5,079
down €5,079 (-30.6%), from €16,591 to €11,512
mainly Receivables within one year (-€80,334) and Debts after one year (-€5,121)
- Trade debts +€36,127
up €36,127 (+127.6%), from €28,316 to €64,443
- Profit (loss) carried forward +€17,870
up €17,870, from -€3,707 to €14,162
- Tax, wage and social debts +€16,105
up €16,105 (+1296.7%), from €1,242 to €17,347
of which Remuneration and social security: +€12,368
- Debts after one year -€5,121
down €5,121 (-24.5%), from €20,927 to €15,806
- Other debts +€2,752
up €2,752 (+89.6%), from €3,072 to €5,823
- Gross operating margin +€33,239
up €33,239 (+2661.8%), from €1,249 to €34,488
- Taxes +€4,979
new in 2025: €4,979
- Depreciation +€3,769
up €3,769 (+85.4%), from €4,412 to €8,181
- Other operating charges +€1,779
up €1,779 (+1405.8%), from €127 to €1,906
- Financial charges +€1,135
up €1,135 (+271.7%), from €418 to €1,552
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 | €55,668 | €123,703 | +€68,035 | +122.2% |
| Formation expenses | 20 | €201 | - | -€201 | |
| Fixed assets | 21/28 | €33,256 | €27,150 | -€6,106 | -18.4% |
| Tangible fixed assets | 22/27 | €33,256 | €27,150 | -€6,106 | -18.4% |
| Plant, machinery and equipment | 23 | - | €1,519 | +€1,519 | |
| Furniture and vehicles | 24 | €33,256 | €25,631 | -€7,625 | -22.9% |
| Current assets | 29/58 | €22,211 | €96,553 | +€74,342 | +334.7% |
| Amounts receivable within one year | 40/41 | €3,874 | €84,208 | +€80,334 | +2073.7% |
| Trade receivables | 40 | €3,060 | €82,631 | +€79,571 | +2600.3% |
| Other amounts receivable | 41 | €814 | €1,578 | +€764 | +93.8% |
| Cash at bank and in hand | 54/58 | €16,591 | €11,512 | -€5,079 | -30.6% |
| Deferred charges and accrued income | 490/1 | €1,746 | €833 | -€913 | -52.3% |
| Total equity and liabilities | 10/49 | €55,668 | €123,703 | +€68,035 | +122.2% |
| Equity | 10/15 | -€2,707 | €15,162 | +€17,870 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,707 | €14,162 | +€17,870 | |
| Amounts payable | 17/49 | €58,375 | €108,541 | +€50,166 | +85.9% |
| Amounts payable after more than one year | 17 | €20,927 | €15,806 | -€5,121 | -24.5% |
| Financial debts | 170/4 | €20,927 | €15,806 | -€5,121 | -24.5% |
| Amounts payable within one year | 42/48 | €37,448 | €92,735 | +€55,287 | +147.6% |
| Current portion of amounts payable after more than one year | 42 | €4,818 | €5,121 | +€303 | +6.3% |
| Trade debts | 44 | €28,316 | €64,443 | +€36,127 | +127.6% |
| Suppliers | 440/4 | €28,316 | €64,443 | +€36,127 | +127.6% |
| Taxes, remuneration and social security | 45 | €1,242 | €17,347 | +€16,105 | +1296.7% |
| Taxes | 450/3 | €1,242 | €4,979 | +€3,737 | +300.9% |
| Remuneration and social security | 454/9 | - | €12,368 | +€12,368 | |
| Other amounts payable | 47/48 | €3,072 | €5,823 | +€2,752 | +89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,412 | €8,181 | +€3,769 | +85.4% |
| Other operating charges | 640/8 | €127 | €1,906 | +€1,779 | +1405.8% |
| Gross operating margin | 9900 | €1,249 | €34,488 | +€33,239 | +2661.8% |
| Operating profit (loss) | 9901 | -€3,290 | €24,401 | +€27,691 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -85.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -85.7% |
| Financial charges | 65/66B | €418 | €1,552 | +€1,135 | +271.7% |
| Recurring financial charges | 65 | €418 | €1,552 | +€1,135 | +271.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,707 | €22,849 | +€26,556 | |
| Income taxes | 67/77 | - | €4,979 | +€4,979 | |
| Profit (loss) for the period | 9904 | -€3,707 | €17,870 | +€21,577 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,707 | €17,870 | +€21,577 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.