ITA 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.
ITA CONSTRUCT
Largest movements
- Receivables within one year -€23,776
down €23,776 (-62.8%), from €37,830 to €14,054
of which Trade receivables: -€22,076
- Cash +€17,303
up €17,303 (+110.7%), from €15,630 to €32,933
mainly Receivables within one year (+€23,776) and Net result for the year (+€10,103)
- Tangible fixed assets -€1,128
down €1,128 (-39.5%), from €2,859 to €1,731
- Trade debts -€21,378
down €21,378 (-82.0%), from €26,079 to €4,701
- Profit (loss) carried forward +€10,103
up €10,103, from -€644 to €9,459
- Tax, wage and social debts +€3,700
new in 2025: €3,700
- Gross operating margin +€1,523
up €1,523 (+15.7%), from €9,708 to €11,231
- Depreciation +€603
up €603 (+114.7%), from €525 to €1,128
- Financial charges -€126
no longer reported in 2025 (was €126)
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 | €56,421 | €48,846 | -€7,575 | -13.4% |
| Fixed assets | 21/28 | €2,859 | €1,731 | -€1,128 | -39.5% |
| Tangible fixed assets | 22/27 | €2,859 | €1,731 | -€1,128 | -39.5% |
| Furniture and vehicles | 24 | €2,859 | €1,731 | -€1,128 | -39.5% |
| Current assets | 29/58 | €53,562 | €47,115 | -€6,447 | -12.0% |
| Amounts receivable within one year | 40/41 | €37,830 | €14,054 | -€23,776 | -62.8% |
| Trade receivables | 40 | €32,819 | €10,743 | -€22,076 | -67.3% |
| Other amounts receivable | 41 | €5,011 | €3,311 | -€1,699 | -33.9% |
| Cash at bank and in hand | 54/58 | €15,630 | €32,933 | +€17,303 | +110.7% |
| Deferred charges and accrued income | 490/1 | €102 | €128 | +€26 | +25.3% |
| Total equity and liabilities | 10/49 | €56,421 | €48,846 | -€7,575 | -13.4% |
| Equity | 10/15 | €18,590 | €28,694 | +€10,103 | +54.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €635 | €635 | = | 0.0% |
| Non-distributable reserves | 130/1 | €635 | €635 | = | 0.0% |
| Reserves not available under the articles | 1311 | €635 | €635 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€644 | €9,459 | +€10,103 | |
| Amounts payable | 17/49 | €37,830 | €20,152 | -€17,678 | -46.7% |
| Amounts payable within one year | 42/48 | €37,830 | €20,152 | -€17,678 | -46.7% |
| Trade debts | 44 | €26,079 | €4,701 | -€21,378 | -82.0% |
| Suppliers | 440/4 | €26,079 | €4,701 | -€21,378 | -82.0% |
| Taxes, remuneration and social security | 45 | - | €3,700 | +€3,700 | |
| Taxes | 450/3 | - | €3,700 | +€3,700 | |
| Other amounts payable | 47/48 | €11,751 | €11,751 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525 | €1,128 | +€603 | +114.7% |
| Gross operating margin | 9900 | €9,708 | €11,231 | +€1,523 | +15.7% |
| Operating profit (loss) | 9901 | €9,183 | €10,103 | +€920 | +10.0% |
| Financial charges | 65/66B | €126 | - | -€126 | |
| Recurring financial charges | 65 | €126 | - | -€126 | |
| Profit (loss) for the period before taxes | 9903 | €9,057 | €10,103 | +€1,046 | +11.6% |
| Profit (loss) for the period | 9904 | €9,057 | €10,103 | +€1,046 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,057 | €10,103 | +€1,046 | +11.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.