I V A: 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.
I V A
Largest movements
- Receivables within one year +€8,173
up €8,173 (+98.1%), from €8,329 to €16,502
of which Trade receivables: +€5,938
- Tangible fixed assets +€6,789
up €6,789 (+156.2%), from €4,347 to €11,135
of which Land and buildings: +€5,809
- Cash +€6,090
up €6,090 (+83.2%), from €7,320 to €13,410
mainly Net result for the year (+€23,841) and Trade debts (+€7,156)
- Stocks and contracts -€1,472
down €1,472 (-15.1%), from €9,746 to €8,274
- Profit (loss) carried forward +€11,341
up €11,341 (+78.4%), from -€14,457 to -€3,116
- Other debts -€8,008
down €8,008 (-84.3%), from €9,498 to €1,490
- Trade debts +€7,156
up €7,156 (+56.2%), from €12,729 to €19,885
- Advances received +€4,898
new in 2024: €4,898
- Debts after one year +€2,018
new in 2024: €2,018
- Gross operating margin +€33,096
up €33,096 (+225.0%), from €14,706 to €47,802
- Staff costs +€7,426
up €7,426 (+97.5%), from €7,618 to €15,045
- Taxes +€2,838
new in 2024: €2,838
- Other operating charges -€2,073
down €2,073 (-70.4%), from €2,946 to €873
- Financial charges +€1,286
up €1,286 (+150.6%), from €854 to €2,140
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,722 | €51,301 | +€19,580 | +61.7% |
| Fixed assets | 21/28 | €6,327 | €13,115 | +€6,789 | +107.3% |
| Tangible fixed assets | 22/27 | €4,347 | €11,135 | +€6,789 | +156.2% |
| Land and buildings | 22 | - | €5,809 | +€5,809 | |
| Plant, machinery and equipment | 23 | €3,916 | €2,111 | -€1,805 | -46.1% |
| Furniture and vehicles | 24 | €431 | €286 | -€145 | -33.7% |
| Leasing and similar rights | 25 | - | €2,929 | +€2,929 | |
| Financial fixed assets | 28 | €1,980 | €1,980 | = | 0.0% |
| Current assets | 29/58 | €25,395 | €38,186 | +€12,791 | +50.4% |
| Stocks and contracts in progress | 3 | €9,746 | €8,274 | -€1,472 | -15.1% |
| Stocks | 30/36 | €9,746 | €8,274 | -€1,472 | -15.1% |
| Amounts receivable within one year | 40/41 | €8,329 | €16,502 | +€8,173 | +98.1% |
| Trade receivables | 40 | €8,329 | €14,267 | +€5,938 | +71.3% |
| Other amounts receivable | 41 | - | €2,235 | +€2,235 | |
| Cash at bank and in hand | 54/58 | €7,320 | €13,410 | +€6,090 | +83.2% |
| Total equity and liabilities | 10/49 | €31,722 | €51,301 | +€19,580 | +61.7% |
| Equity | 10/15 | €6,003 | €17,344 | +€11,341 | +188.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,457 | -€3,116 | +€11,341 | +78.4% |
| Amounts payable | 17/49 | €25,718 | €33,957 | +€8,239 | +32.0% |
| Amounts payable after more than one year | 17 | - | €2,018 | +€2,018 | |
| Financial debts | 170/4 | - | €2,018 | +€2,018 | |
| Amounts payable within one year | 42/48 | €25,718 | €31,939 | +€6,221 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | - | €989 | +€989 | |
| Trade debts | 44 | €12,729 | €19,885 | +€7,156 | +56.2% |
| Suppliers | 440/4 | €12,729 | €19,885 | +€7,156 | +56.2% |
| Advances received on contracts in progress | 46 | - | €4,898 | +€4,898 | |
| Taxes, remuneration and social security | 45 | €3,491 | €4,677 | +€1,186 | +34.0% |
| Taxes | 450/3 | €2,684 | €3,211 | +€528 | +19.7% |
| Remuneration and social security | 454/9 | €808 | €1,466 | +€658 | +81.5% |
| Other amounts payable | 47/48 | €9,498 | €1,490 | -€8,008 | -84.3% |
| Remuneration, social security and pensions | 62 | €7,618 | €15,045 | +€7,426 | +97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,624 | €3,264 | +€640 | +24.4% |
| Other operating charges | 640/8 | €2,946 | €873 | -€2,073 | -70.4% |
| Gross operating margin | 9900 | €14,706 | €47,802 | +€33,096 | +225.0% |
| Operating profit (loss) | 9901 | €1,517 | €28,620 | +€27,102 | +1786.1% |
| Financial income | 75/76B | €200 | €199 | -€0 | -0.2% |
| Recurring financial income | 75 | €200 | €199 | -€0 | -0.2% |
| Financial charges | 65/66B | €854 | €2,140 | +€1,286 | +150.6% |
| Recurring financial charges | 65 | €854 | €2,140 | +€1,286 | +150.6% |
| Profit (loss) for the period before taxes | 9903 | €863 | €26,679 | +€25,816 | +2990.4% |
| Income taxes | 67/77 | - | €2,838 | +€2,838 | |
| Profit (loss) for the period | 9904 | €863 | €23,841 | +€22,978 | +2661.6% |
| Profit (loss) for the period to be appropriated | 9905 | €863 | €23,841 | +€22,978 | +2661.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.