IS 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.
IS CONSTRUCT
Largest movements
- Receivables within one year +€25,702
up €25,702 (+55.7%), from €46,139 to €71,841
of which Other amounts receivable: +€18,494
- Tangible fixed assets +€7,374
new in 2025: €7,374
- Cash +€7,248
up €7,248 (+66.3%), from €10,929 to €18,177
mainly Net result for the year (+€18,701) and Trade debts (+€10,826)
- Profit (loss) carried forward +€18,701
up €18,701 (+55.2%), from €33,850 to €52,551
- Trade debts +€10,826
up €10,826 (+148%), from €7,309 to €18,135
- Tax, wage and social debts +€5,489
up €5,489 (+40.4%), from €13,591 to €19,080
of which Taxes: +€3,489
- Other debts +€5,000
new in 2025: €5,000
- Purchases and services +€192,030
up €192,030 (+96.6%), from €198,827 to €390,857
- Gross operating margin -€19,885
down €19,885 (-42.4%), from €46,918 to €27,033
- Taxes -€6,457
down €6,457 (-57.4%), from €11,250 to €4,793
- Depreciation +€1,224
new in 2025: €1,224
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 | €57,751 | €97,766 | +€40,015 | +69.3% |
| Fixed assets | 21/28 | - | €7,514 | +€7,514 | |
| Tangible fixed assets | 22/27 | - | €7,374 | +€7,374 | |
| Furniture and vehicles | 24 | - | €7,374 | +€7,374 | |
| Financial fixed assets | 28 | - | €140 | +€140 | |
| Current assets | 29/58 | €57,751 | €90,252 | +€32,502 | +56.3% |
| Amounts receivable within one year | 40/41 | €46,139 | €71,841 | +€25,702 | +55.7% |
| Trade receivables | 40 | €22,751 | €29,959 | +€7,208 | +31.7% |
| Other amounts receivable | 41 | €23,389 | €41,883 | +€18,494 | +79.1% |
| Cash at bank and in hand | 54/58 | €10,929 | €18,177 | +€7,248 | +66.3% |
| Deferred charges and accrued income | 490/1 | €682 | €233 | -€449 | -65.8% |
| Total equity and liabilities | 10/49 | €57,751 | €97,766 | +€40,015 | +69.3% |
| Equity | 10/15 | €36,850 | €55,551 | +€18,701 | +50.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,850 | €52,551 | +€18,701 | +55.2% |
| Amounts payable | 17/49 | €20,901 | €42,215 | +€21,314 | +102% |
| Amounts payable within one year | 42/48 | €20,901 | €42,215 | +€21,314 | +102% |
| Trade debts | 44 | €7,309 | €18,135 | +€10,826 | +148% |
| Suppliers | 440/4 | €7,309 | €18,135 | +€10,826 | +148% |
| Taxes, remuneration and social security | 45 | €13,591 | €19,080 | +€5,489 | +40.4% |
| Taxes | 450/3 | €13,591 | €17,080 | +€3,489 | +25.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €198,827 | €390,857 | +€192,030 | +96.6% |
| Remuneration, social security and pensions | 62 | - | €438 | +€438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,224 | +€1,224 | |
| Other operating charges | 640/8 | €1,676 | €1,335 | -€342 | -20.4% |
| Non-recurring operating charges | 66A | - | €400 | +€400 | |
| Gross operating margin | 9900 | €46,918 | €27,033 | -€19,885 | -42.4% |
| Operating profit (loss) | 9901 | €45,242 | €23,636 | -€21,605 | -47.8% |
| Financial charges | 65/66B | €142 | €143 | +€1 | +1.0% |
| Recurring financial charges | 65 | €142 | €143 | +€1 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €45,100 | €23,494 | -€21,606 | -47.9% |
| Income taxes | 67/77 | €11,250 | €4,793 | -€6,457 | -57.4% |
| Profit (loss) for the period | 9904 | €33,850 | €18,701 | -€15,149 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,850 | €18,701 | -€15,149 | -44.8% |
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 20 October 2026 via checked.be.