IVANOV 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.
IVANOV CONSTRUCT
Largest movements
- Cash +€4,762
up €4,762 (+10431.6%), from €46 to €4,808
mainly Net result for the year (+€10,697) and Depreciation (+€2,099)
- Receivables within one year +€2,189
up €2,189 (+4.6%), from €47,720 to €49,909
of which Other amounts receivable: +€5,166
- Tangible fixed assets -€959
down €959 (-27.9%), from €3,439 to €2,480
- Reserves +€10,500
up €10,500 (+38.2%), from €27,500 to €38,000
- Trade debts -€5,932
down €5,932 (-34.7%), from €17,119 to €11,187
- Tax, wage and social debts +€1,236
up €1,236 (+38.2%), from €3,238 to €4,475
- Gross operating margin +€3,712
up €3,712 (+26.4%), from €14,064 to €17,776
- Taxes +€1,236
up €1,236 (+38.2%), from €3,238 to €4,475
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 | €51,204 | €57,196 | +€5,992 | +11.7% |
| Fixed assets | 21/28 | €3,439 | €2,480 | -€959 | -27.9% |
| Tangible fixed assets | 22/27 | €3,439 | €2,480 | -€959 | -27.9% |
| Furniture and vehicles | 24 | €3,439 | €2,480 | -€959 | -27.9% |
| Current assets | 29/58 | €47,766 | €54,716 | +€6,951 | +14.6% |
| Amounts receivable within one year | 40/41 | €47,720 | €49,909 | +€2,189 | +4.6% |
| Trade receivables | 40 | €37,657 | €34,680 | -€2,977 | -7.9% |
| Other amounts receivable | 41 | €10,063 | €15,229 | +€5,166 | +51.3% |
| Cash at bank and in hand | 54/58 | €46 | €4,808 | +€4,762 | +10431.6% |
| Total equity and liabilities | 10/49 | €51,204 | €57,196 | +€5,992 | +11.7% |
| Equity | 10/15 | €30,847 | €41,534 | +€10,687 | +34.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,500 | €38,000 | +€10,500 | +38.2% |
| Distributable reserves | 133 | €27,500 | €38,000 | +€10,500 | +38.2% |
| Profit (loss) carried forward | 14 | €347 | €534 | +€187 | +54.0% |
| Amounts payable | 17/49 | €20,357 | €15,662 | -€4,696 | -23.1% |
| Amounts payable within one year | 42/48 | €20,357 | €15,662 | -€4,696 | -23.1% |
| Trade debts | 44 | €17,119 | €11,187 | -€5,932 | -34.7% |
| Suppliers | 440/4 | €17,119 | €11,187 | -€5,932 | -34.7% |
| Taxes, remuneration and social security | 45 | €3,238 | €4,475 | +€1,236 | +38.2% |
| Taxes | 450/3 | €3,238 | €4,475 | +€1,236 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,104 | €2,099 | -€5 | -0.3% |
| Other operating charges | 640/8 | €131 | €291 | +€160 | +122.0% |
| Gross operating margin | 9900 | €14,064 | €17,776 | +€3,712 | +26.4% |
| Operating profit (loss) | 9901 | €11,829 | €15,386 | +€3,557 | +30.1% |
| Financial charges | 65/66B | €100 | €214 | +€114 | +114.2% |
| Recurring financial charges | 65 | €100 | €214 | +€114 | +114.2% |
| Profit (loss) for the period before taxes | 9903 | €11,729 | €15,172 | +€3,444 | +29.4% |
| Income taxes | 67/77 | €3,238 | €4,475 | +€1,236 | +38.2% |
| Profit (loss) for the period | 9904 | €8,490 | €10,697 | +€2,207 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,490 | €10,697 | +€2,207 | +26.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.