IVA Construction: 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.
IVA Construction
Largest movements
- Cash -€42,389
down €42,389 (-75.6%), from €56,100 to €13,711
mainly Investment in fixed assets (net) (-€25,794) and Debts after one year (-€15,000)
- Tangible fixed assets +€21,855
new in 2025: €21,855
of which Furniture and vehicles: +€13,679
- Deferred charges and accrued income -€960
down €960 (-49.2%), from €1,953 to €993
- Receivables within one year +€649
up €649 (+52.4%), from €1,239 to €1,888
of which Other amounts receivable: +€1,004
- Debts after one year -€15,000
down €15,000 (-50.0%), from €30,000 to €15,000
- Tax, wage and social debts -€3,069
down €3,069 (-97.2%), from €3,158 to €90
- Other debts -€1,812
down €1,812 (-92.7%), from €1,954 to €142
- Trade debts -€762
no longer reported in 2025 (was €762)
- Gross operating margin -€8,936
down €8,936 (-65.4%), from €13,663 to €4,727
- Depreciation +€3,707
new in 2025: €3,707
- Taxes -€2,421
down €2,421 (-97.0%), from €2,495 to €74
- Other operating charges +€449
up €449 (+132.6%), from €339 to €788
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 | €59,292 | €38,678 | -€20,613 | -34.8% |
| Fixed assets | 21/28 | - | €22,087 | +€22,087 | |
| Tangible fixed assets | 22/27 | - | €21,855 | +€21,855 | |
| Plant, machinery and equipment | 23 | - | €8,176 | +€8,176 | |
| Furniture and vehicles | 24 | - | €13,679 | +€13,679 | |
| Financial fixed assets | 28 | - | €232 | +€232 | |
| Current assets | 29/58 | €59,292 | €16,592 | -€42,700 | -72.0% |
| Amounts receivable within one year | 40/41 | €1,239 | €1,888 | +€649 | +52.4% |
| Trade receivables | 40 | €1,239 | €884 | -€355 | -28.7% |
| Other amounts receivable | 41 | - | €1,004 | +€1,004 | |
| Cash at bank and in hand | 54/58 | €56,100 | €13,711 | -€42,389 | -75.6% |
| Deferred charges and accrued income | 490/1 | €1,953 | €993 | -€960 | -49.2% |
| Total equity and liabilities | 10/49 | €59,292 | €38,678 | -€20,613 | -34.8% |
| Equity | 10/15 | €23,417 | €23,446 | +€29 | +0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,417 | €18,446 | +€29 | +0.2% |
| Amounts payable | 17/49 | €35,875 | €15,232 | -€20,643 | -57.5% |
| Amounts payable after more than one year | 17 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Other amounts payable | 178/9 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Amounts payable within one year | 42/48 | €5,875 | €232 | -€5,643 | -96.1% |
| Trade debts | 44 | €762 | - | -€762 | |
| Suppliers | 440/4 | €762 | - | -€762 | |
| Taxes, remuneration and social security | 45 | €3,158 | €90 | -€3,069 | -97.2% |
| Taxes | 450/3 | €3,158 | €90 | -€3,069 | -97.2% |
| Other amounts payable | 47/48 | €1,954 | €142 | -€1,812 | -92.7% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,707 | +€3,707 | |
| Other operating charges | 640/8 | €339 | €788 | +€449 | +132.6% |
| Gross operating margin | 9900 | €13,663 | €4,727 | -€8,936 | -65.4% |
| Operating profit (loss) | 9901 | €13,324 | €232 | -€13,093 | -98.3% |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €109 | €129 | +€20 | +18.3% |
| Recurring financial charges | 65 | €109 | €129 | +€20 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €13,241 | €103 | -€13,138 | -99.2% |
| Income taxes | 67/77 | €2,495 | €74 | -€2,421 | -97.0% |
| Profit (loss) for the period | 9904 | €10,746 | €29 | -€10,717 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,746 | €29 | -€10,717 | -99.7% |
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 8 October 2026 via checked.be.