IZZO 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.
IZZO CONSTRUCT
Largest movements
- Receivables within one year +€23,433
up €23,433 (+60.0%), from €39,060 to €62,493
of which Other amounts receivable: +€12,870
- Tangible fixed assets -€19,687
down €19,687 (-48.2%), from €40,863 to €21,175
- Deferred charges and accrued income -€2,425
no longer reported in 2025 (was €2,425)
- Cash -€1,288
no longer reported in 2025 (was €1,288)
mainly Receivables within one year (-€23,433) and Trade debts (-€13,727)
- Tax, wage and social debts +€17,160
up €17,160 (+150%), from €11,447 to €28,607
of which Taxes: +€11,540
- Trade debts -€13,727
down €13,727 (-56.0%), from €24,513 to €10,786
- Debts after one year -€9,196
down €9,196 (-85.5%), from €10,749 to €1,553
- Other debts +€2,734
new in 2025: €2,734
- Short-term financial debts +€2,493
up €2,493 (+21.2%), from €11,770 to €14,264
- Gross operating margin +€64,642
up €64,642, from -€898 to €63,744
- Other operating charges +€39,334
up €39,334 (+1,008%), from €3,903 to €43,236
- Financial charges -€1,060
down €1,060 (-22.5%), from €4,717 to €3,657
- Depreciation +€749
up €749 (+5.5%), from €13,499 to €14,248
- Staff costs -€668
down €668 (-36.8%), from €1,818 to €1,150
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.
Derived cash bridge
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 | €83,636 | €83,668 | +€32 | 0.0% |
| Fixed assets | 21/28 | €40,863 | €21,175 | -€19,687 | -48.2% |
| Tangible fixed assets | 22/27 | €40,863 | €21,175 | -€19,687 | -48.2% |
| Furniture and vehicles | 24 | €40,863 | €21,175 | -€19,687 | -48.2% |
| Current assets | 29/58 | €42,773 | €62,493 | +€19,719 | +46.1% |
| Amounts receivable within one year | 40/41 | €39,060 | €62,493 | +€23,433 | +60.0% |
| Trade receivables | 40 | €19,992 | €30,555 | +€10,563 | +52.8% |
| Other amounts receivable | 41 | €19,068 | €31,937 | +€12,870 | +67.5% |
| Cash at bank and in hand | 54/58 | €1,288 | - | -€1,288 | |
| Deferred charges and accrued income | 490/1 | €2,425 | - | -€2,425 | |
| Total equity and liabilities | 10/49 | €83,636 | €83,668 | +€32 | 0.0% |
| Equity | 10/15 | €21,792 | €20,460 | -€1,332 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,332 | - | -€1,332 | |
| Amounts payable | 17/49 | €61,844 | €63,208 | +€1,364 | +2.2% |
| Amounts payable after more than one year | 17 | €10,749 | €1,553 | -€9,196 | -85.5% |
| Financial debts | 170/4 | €10,749 | €1,553 | -€9,196 | -85.5% |
| Amounts payable within one year | 42/48 | €51,095 | €61,655 | +€10,559 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €3,365 | €5,263 | +€1,898 | +56.4% |
| Financial debts | 43 | €11,770 | €14,264 | +€2,493 | +21.2% |
| Credit institutions | 430/8 | €11,770 | €14,264 | +€2,493 | +21.2% |
| Trade debts | 44 | €24,513 | €10,786 | -€13,727 | -56.0% |
| Suppliers | 440/4 | €24,513 | €10,786 | -€13,727 | -56.0% |
| Taxes, remuneration and social security | 45 | €11,447 | €28,607 | +€17,160 | +150% |
| Taxes | 450/3 | €3,647 | €15,187 | +€11,540 | +316% |
| Remuneration and social security | 454/9 | €7,800 | €13,420 | +€5,620 | +72.1% |
| Other amounts payable | 47/48 | - | €2,734 | +€2,734 | |
| Non-recurring operating income | 76A | - | €6,060 | +€6,060 | |
| Remuneration, social security and pensions | 62 | €1,818 | €1,150 | -€668 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,499 | €14,248 | +€749 | +5.5% |
| Other operating charges | 640/8 | €3,903 | €43,236 | +€39,334 | +1,008% |
| Non-recurring operating charges | 66A | €4,497 | €50 | -€4,447 | -98.9% |
| Gross operating margin | 9900 | -€898 | €63,744 | +€64,642 | |
| Operating profit (loss) | 9901 | -€24,615 | €5,060 | +€29,675 | |
| Financial income | 75/76B | €4 | €0 | -€3 | -97.2% |
| Recurring financial income | 75 | €4 | €0 | -€3 | -97.2% |
| Financial charges | 65/66B | €4,717 | €3,657 | -€1,060 | -22.5% |
| Recurring financial charges | 65 | €4,717 | €3,657 | -€1,060 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,328 | €1,403 | +€30,731 | |
| Income taxes | 67/77 | €17 | - | -€17 | |
| Profit (loss) for the period | 9904 | -€29,345 | €1,403 | +€30,748 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,345 | €1,403 | +€30,748 |
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 26 October 2026 via checked.be.