IVVO 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.
IVVO Construct
Largest movements
- Tangible fixed assets +€4,262
new in 2025: €4,262
- Receivables within one year +€4,102
up €4,102 (+259.4%), from €1,582 to €5,684
of which Trade receivables: +€2,490
- Cash -€1,073
down €1,073 (-27.6%), from €3,889 to €2,816
mainly Investment in fixed assets (net) (-€4,262) and Receivables within one year (-€4,102)
- Profit (loss) carried forward +€4,241
up €4,241 (+168.9%), from €2,510 to €6,751
- Other debts +€2,331
up €2,331 (+36358.0%), from €6 to €2,337
- Tax, wage and social debts +€550
up €550 (+122.2%), from €450 to €1,000
- Trade debts +€171
up €171 (+4268.5%), from €4 to €175
- Gross operating margin +€2,156
up €2,156 (+51.3%), from €4,203 to €6,359
- Financial charges -€747
down €747 (-85.0%), from €878 to €131
- Taxes +€621
up €621 (+123.9%), from €501 to €1,122
- Other operating charges +€296
up €296 (+52.0%), from €569 to €865
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 | €5,471 | €12,763 | +€7,292 | +133.3% |
| Fixed assets | 21/28 | - | €4,262 | +€4,262 | |
| Tangible fixed assets | 22/27 | - | €4,262 | +€4,262 | |
| Furniture and vehicles | 24 | - | €4,262 | +€4,262 | |
| Current assets | 29/58 | €5,471 | €8,500 | +€3,030 | +55.4% |
| Amounts receivable within one year | 40/41 | €1,582 | €5,684 | +€4,102 | +259.4% |
| Trade receivables | 40 | €0 | €2,490 | +€2,490 | |
| Other amounts receivable | 41 | €1,582 | €3,194 | +€1,612 | +101.9% |
| Cash at bank and in hand | 54/58 | €3,889 | €2,816 | -€1,073 | -27.6% |
| Total equity and liabilities | 10/49 | €5,471 | €12,763 | +€7,292 | +133.3% |
| Equity | 10/15 | €5,010 | €9,251 | +€4,241 | +84.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,510 | €6,751 | +€4,241 | +168.9% |
| Amounts payable | 17/49 | €460 | €3,512 | +€3,051 | +662.7% |
| Amounts payable within one year | 42/48 | €460 | €3,512 | +€3,051 | +662.7% |
| Trade debts | 44 | €4 | €175 | +€171 | +4268.5% |
| Suppliers | 440/4 | €4 | €175 | +€171 | +4268.5% |
| Taxes, remuneration and social security | 45 | €450 | €1,000 | +€550 | +122.2% |
| Taxes | 450/3 | €450 | €1,000 | +€550 | +122.2% |
| Other amounts payable | 47/48 | €6 | €2,337 | +€2,331 | +36358.0% |
| Non-recurring operating income | 76A | - | €3,493 | +€3,493 | |
| Other operating charges | 640/8 | €569 | €865 | +€296 | +52.0% |
| Gross operating margin | 9900 | €4,203 | €6,359 | +€2,156 | +51.3% |
| Operating profit (loss) | 9901 | €3,634 | €5,494 | +€1,860 | +51.2% |
| Financial charges | 65/66B | €878 | €131 | -€747 | -85.0% |
| Recurring financial charges | 65 | €878 | €131 | -€747 | -85.0% |
| Profit (loss) for the period before taxes | 9903 | €2,756 | €5,363 | +€2,607 | +94.6% |
| Income taxes | 67/77 | €501 | €1,122 | +€621 | +123.9% |
| Profit (loss) for the period | 9904 | €2,254 | €4,241 | +€1,986 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,254 | €4,241 | +€1,986 | +88.1% |
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 11 October 2026 via checked.be.