ITCONSTRUCT: 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.
ITCONSTRUCT
Largest movements
- Tangible fixed assets +€9,249
up €9,249 (+5.6%), from €165,498 to €174,747
of which Land and buildings: +€21,363
- Receivables within one year -€5,522
down €5,522 (-56.6%), from €9,760 to €4,237
of which Other amounts receivable: -€5,522
- Cash -€2,517
down €2,517 (-74.6%), from €3,376 to €859
mainly Net result for the year (-€17,454) and Investment in fixed assets (net) (-€15,394)
- Trade debts +€30,983
up €30,983 (+1,005%), from €3,082 to €34,065
- Profit (loss) carried forward -€13,297
down €13,297 (-16.6%), from -€79,866 to -€93,163
- Other debts -€11,379
down €11,379 (-11.8%), from €96,289 to €84,909
- Revaluation surpluses -€4,157
down €4,157 (-3.8%), from €109,157 to €105,000
- Debts after one year -€2,646
down €2,646 (-11.9%), from €22,210 to €19,563
- Gross operating margin +€13,769
up €13,769, from -€8,812 to €4,956
- Financial charges +€1,511
up €1,511 (+83.9%), from €1,801 to €3,312
- Other operating charges -€1,129
down €1,129 (-47.5%), from €2,376 to €1,247
- Depreciation -€171
down €171 (-2.7%), from €6,316 to €6,145
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 | €178,812 | €180,281 | +€1,469 | +0.8% |
| Fixed assets | 21/28 | €165,498 | €174,747 | +€9,249 | +5.6% |
| Tangible fixed assets | 22/27 | €165,498 | €174,747 | +€9,249 | +5.6% |
| Land and buildings | 22 | €152,382 | €173,746 | +€21,363 | +14.0% |
| Plant, machinery and equipment | 23 | €1,501 | €1,001 | -€500 | -33.3% |
| Furniture and vehicles | 24 | €11,615 | €0 | -€11,615 | -100% |
| Current assets | 29/58 | €13,314 | €5,534 | -€7,779 | -58.4% |
| Amounts receivable within one year | 40/41 | €9,760 | €4,237 | -€5,522 | -56.6% |
| Trade receivables | 40 | €4,231 | €4,232 | +€0 | 0.0% |
| Other amounts receivable | 41 | €5,528 | €6 | -€5,522 | -99.9% |
| Cash at bank and in hand | 54/58 | €3,376 | €859 | -€2,517 | -74.6% |
| Deferred charges and accrued income | 490/1 | €178 | €438 | +€259 | +145% |
| Total equity and liabilities | 10/49 | €178,812 | €180,281 | +€1,469 | +0.8% |
| Equity | 10/15 | €54,206 | €36,752 | -€17,454 | -32.2% |
| Contributions | 10/11 | €24,914 | €24,914 | = | 0.0% |
| Revaluation surpluses | 12 | €109,157 | €105,000 | -€4,157 | -3.8% |
| Profit (loss) carried forward | 14 | -€79,866 | -€93,163 | -€13,297 | -16.6% |
| Amounts payable | 17/49 | €124,605 | €143,529 | +€18,924 | +15.2% |
| Amounts payable after more than one year | 17 | €22,210 | €19,563 | -€2,646 | -11.9% |
| Financial debts | 170/4 | €22,210 | €19,563 | -€2,646 | -11.9% |
| Amounts payable within one year | 42/48 | €102,298 | €122,202 | +€19,903 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €2,508 | €2,646 | +€139 | +5.5% |
| Trade debts | 44 | €3,082 | €34,065 | +€30,983 | +1,005% |
| Suppliers | 440/4 | €3,082 | €34,065 | +€30,983 | +1,005% |
| Taxes, remuneration and social security | 45 | €419 | €581 | +€161 | +38.4% |
| Taxes | 450/3 | €419 | €581 | +€161 | +38.4% |
| Other amounts payable | 47/48 | €96,289 | €84,909 | -€11,379 | -11.8% |
| Accrued charges and deferred income | 492/3 | €97 | €1,764 | +€1,667 | +1,712% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,316 | €6,145 | -€171 | -2.7% |
| Other operating charges | 640/8 | €2,376 | €1,247 | -€1,129 | -47.5% |
| Non-recurring operating charges | 66A | - | €11,615 | +€11,615 | |
| Gross operating margin | 9900 | -€8,812 | €4,956 | +€13,769 | |
| Operating profit (loss) | 9901 | -€17,504 | -€14,050 | +€3,454 | +19.7% |
| Financial income | 75/76B | €26 | €0 | -€26 | -100% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -100% |
| Financial charges | 65/66B | €1,801 | €3,312 | +€1,511 | +83.9% |
| Recurring financial charges | 65 | €1,801 | €3,312 | +€1,511 | +83.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,279 | -€17,362 | +€1,917 | +9.9% |
| Income taxes | 67/77 | €14 | €92 | +€78 | +536% |
| Profit (loss) for the period | 9904 | -€19,293 | -€17,454 | +€1,839 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,293 | -€17,454 | +€1,839 | +9.5% |
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 15 October 2026 via checked.be.