ITT 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.
ITT CONSTRUCT
Largest movements
- Tangible fixed assets -€30,295
down €30,295 (-41.2%), from €73,589 to €43,294
of which Furniture and vehicles: -€32,031
- Receivables within one year -€13,029
down €13,029 (-6.1%), from €213,018 to €199,989
of which Trade receivables: -€16,042
- Cash -€8,600
down €8,600 (-10.7%), from €80,509 to €71,909
mainly Tax, wage and social debts (-€113,037) and Short-term financial debts (-€1,233)
- Tax, wage and social debts -€113,037
down €113,037 (-88.0%), from €128,399 to €15,361
- Trade debts +€38,183
up €38,183 (+319.9%), from €11,935 to €50,118
- Profit (loss) carried forward +€24,163
up €24,163 (+10.9%), from €222,589 to €246,753
- Turnover -€1.2m
no longer reported in 2024 (was €1.2m)
- Purchases and services -€932,592
no longer reported in 2024 (was €932,592)
- Gross operating margin -€174,685
down €174,685 (-70.9%), from €246,390 to €71,705
- Taxes -€25,285
down €25,285 (-62.2%), from €40,647 to €15,361
- Financial charges -€20,284
down €20,284 (-86.6%), from €23,417 to €3,134
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €372,216 | €320,292 | -€51,924 | -14.0% |
| Fixed assets | 21/28 | €78,689 | €48,394 | -€30,295 | -38.5% |
| Tangible fixed assets | 22/27 | €73,589 | €43,294 | -€30,295 | -41.2% |
| Plant, machinery and equipment | 23 | €2,751 | €4,487 | +€1,736 | +63.1% |
| Furniture and vehicles | 24 | €70,838 | €38,807 | -€32,031 | -45.2% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €293,527 | €271,898 | -€21,629 | -7.4% |
| Amounts receivable within one year | 40/41 | €213,018 | €199,989 | -€13,029 | -6.1% |
| Trade receivables | 40 | €117,209 | €101,167 | -€16,042 | -13.7% |
| Other amounts receivable | 41 | €95,809 | €98,823 | +€3,013 | +3.1% |
| Cash at bank and in hand | 54/58 | €80,509 | €71,909 | -€8,600 | -10.7% |
| Total equity and liabilities | 10/49 | €372,216 | €320,292 | -€51,924 | -14.0% |
| Equity | 10/15 | €230,649 | €254,813 | +€24,163 | +10.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €222,589 | €246,753 | +€24,163 | +10.9% |
| Amounts payable | 17/49 | €141,567 | €65,479 | -€76,087 | -53.7% |
| Amounts payable within one year | 42/48 | €141,567 | €65,479 | -€76,087 | -53.7% |
| Financial debts | 43 | €1,233 | - | -€1,233 | |
| Credit institutions | 430/8 | €1,233 | - | -€1,233 | |
| Trade debts | 44 | €11,935 | €50,118 | +€38,183 | +319.9% |
| Suppliers | 440/4 | €11,935 | €50,118 | +€38,183 | +319.9% |
| Taxes, remuneration and social security | 45 | €128,399 | €15,361 | -€113,037 | -88.0% |
| Taxes | 450/3 | €128,399 | €15,361 | -€113,037 | -88.0% |
| Turnover | 70 | €1,178,982 | - | -€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | €932,592 | - | -€932,592 | |
| Remuneration, social security and pensions | 62 | - | €7,250 | +€7,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,956 | €13,133 | +€177 | +1.4% |
| Other operating charges | 640/8 | €7,611 | €8,763 | +€1,152 | +15.1% |
| Gross operating margin | 9900 | €246,390 | €71,705 | -€174,685 | -70.9% |
| Operating profit (loss) | 9901 | €225,823 | €42,560 | -€183,263 | -81.2% |
| Financial income | 75/76B | €826 | €98 | -€729 | -88.2% |
| Recurring financial income | 75 | €826 | €98 | -€729 | -88.2% |
| Financial charges | 65/66B | €23,417 | €3,134 | -€20,284 | -86.6% |
| Recurring financial charges | 65 | €23,417 | €3,134 | -€20,284 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | €203,232 | €39,524 | -€163,708 | -80.6% |
| Income taxes | 67/77 | €40,647 | €15,361 | -€25,285 | -62.2% |
| Profit (loss) for the period | 9904 | €162,586 | €24,163 | -€138,423 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €162,586 | €24,163 | -€138,423 | -85.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.