IVC Paint Construct: 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.
IVC Paint Construct
Largest movements
- Cash -€4,530
down €4,530 (-95.0%), from €4,766 to €236
mainly Trade debts (-€8,313) and Receivables within one year (-€3,532)
- Receivables within one year +€3,532
up €3,532 (+18.1%), from €19,568 to €23,100
of which Other amounts receivable: +€1,780
- Trade debts -€8,313
no longer reported in 2026 (was €8,313)
- Profit (loss) carried forward +€5,831
up €5,831 (+54.8%), from €10,643 to €16,474
- Other debts +€2,242
up €2,242 (+142.8%), from €1,570 to €3,812
- Tax, wage and social debts -€557
down €557 (-22.3%), from €2,494 to €1,937
- Gross operating margin -€1,255
down €1,255 (-10.8%), from €11,579 to €10,324
- Taxes -€558
down €558 (-22.3%), from €2,495 to €1,937
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,020 | €24,224 | -€796 | -3.2% |
| Fixed assets | 21/28 | €686 | €888 | +€202 | +29.4% |
| Tangible fixed assets | 22/27 | €686 | €888 | +€202 | +29.4% |
| Plant, machinery and equipment | 23 | €686 | €888 | +€202 | +29.4% |
| Current assets | 29/58 | €24,333 | €23,336 | -€998 | -4.1% |
| Amounts receivable within one year | 40/41 | €19,568 | €23,100 | +€3,532 | +18.1% |
| Trade receivables | 40 | €14,323 | €16,075 | +€1,752 | +12.2% |
| Other amounts receivable | 41 | €5,245 | €7,025 | +€1,780 | +33.9% |
| Cash at bank and in hand | 54/58 | €4,766 | €236 | -€4,530 | -95.0% |
| Total equity and liabilities | 10/49 | €25,020 | €24,224 | -€796 | -3.2% |
| Equity | 10/15 | €12,643 | €18,474 | +€5,831 | +46.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €10,643 | €16,474 | +€5,831 | +54.8% |
| Amounts payable | 17/49 | €12,377 | €5,750 | -€6,627 | -53.5% |
| Amounts payable within one year | 42/48 | €12,377 | €5,750 | -€6,627 | -53.5% |
| Trade debts | 44 | €8,313 | - | -€8,313 | |
| Suppliers | 440/4 | €8,313 | €0 | -€8,313 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,494 | €1,937 | -€557 | -22.3% |
| Taxes | 450/3 | €2,494 | €1,937 | -€557 | -22.3% |
| Other amounts payable | 47/48 | €1,570 | €3,812 | +€2,242 | +142.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €671 | +€104 | +18.4% |
| Other operating charges | 640/8 | €1,641 | €1,727 | +€86 | +5.2% |
| Gross operating margin | 9900 | €11,579 | €10,324 | -€1,255 | -10.8% |
| Operating profit (loss) | 9901 | €9,372 | €7,926 | -€1,445 | -15.4% |
| Financial income | 75/76B | €1 | €41 | +€40 | +3585.7% |
| Recurring financial income | 75 | €1 | €41 | +€40 | +3585.7% |
| Financial charges | 65/66B | €185 | €199 | +€14 | +7.5% |
| Recurring financial charges | 65 | €185 | €199 | +€14 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €9,188 | €7,769 | -€1,419 | -15.4% |
| Income taxes | 67/77 | €2,495 | €1,937 | -€558 | -22.3% |
| Profit (loss) for the period | 9904 | €6,693 | €5,831 | -€862 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,693 | €5,831 | -€862 | -12.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.