I.V.A.- TEX: 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.- TEX
Largest movements
- Receivables within one year +€13,461
up €13,461 (+128%), from €10,483 to €23,944
of which Other amounts receivable: +€16,987
- Cash -€4,422
down €4,422 (-41.9%), from €10,555 to €6,133
mainly Other debts (-€49,129) and Receivables within one year (-€13,461)
- Deferred charges and accrued income -€2,045
down €2,045 (-94.8%), from €2,158 to €112
- Tangible fixed assets -€1,116
down €1,116 (-36.3%), from €3,073 to €1,957
of which Furniture and vehicles: -€711
- Profit (loss) carried forward +€68,823
up €68,823 (+48.4%), from -€142,058 to -€73,235
- Other debts -€49,129
down €49,129 (-100%), from €49,129 to €0
- Trade debts -€12,055
down €12,055 (-41.1%), from €29,356 to €17,302
- Tax, wage and social debts -€1,763
down €1,763 (-13.3%), from €13,221 to €11,458
of which Remuneration and social security: -€8,967
- Gross operating margin +€47,353
up €47,353 (+55.6%), from €85,167 to €132,520
- Staff costs -€29,289
down €29,289 (-39.0%), from €75,189 to €45,900
- Other operating charges +€7,721
up €7,721 (+265%), from €2,914 to €10,636
- Financial charges +€3,611
up €3,611 (+427%), from €845 to €4,456
- Taxes +€1,392
up €1,392 (+519%), from €268 to €1,661
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 | €26,270 | €32,147 | +€5,877 | +22.4% |
| Fixed assets | 21/28 | €3,073 | €1,957 | -€1,116 | -36.3% |
| Tangible fixed assets | 22/27 | €3,073 | €1,957 | -€1,116 | -36.3% |
| Plant, machinery and equipment | 23 | €1,117 | €711 | -€406 | -36.3% |
| Furniture and vehicles | 24 | €1,957 | €1,246 | -€711 | -36.3% |
| Current assets | 29/58 | €23,197 | €30,190 | +€6,993 | +30.1% |
| Amounts receivable within one year | 40/41 | €10,483 | €23,944 | +€13,461 | +128% |
| Trade receivables | 40 | €3,526 | €0 | -€3,526 | -100% |
| Other amounts receivable | 41 | €6,957 | €23,944 | +€16,987 | +244% |
| Cash at bank and in hand | 54/58 | €10,555 | €6,133 | -€4,422 | -41.9% |
| Deferred charges and accrued income | 490/1 | €2,158 | €112 | -€2,045 | -94.8% |
| Total equity and liabilities | 10/49 | €26,270 | €32,147 | +€5,877 | +22.4% |
| Equity | 10/15 | -€65,435 | €3,388 | +€68,823 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,023 | €58,023 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €58,023 | €56,164 | -€1,859 | -3.2% |
| Profit (loss) carried forward | 14 | -€142,058 | -€73,235 | +€68,823 | +48.4% |
| Amounts payable | 17/49 | €91,705 | €28,759 | -€62,946 | -68.6% |
| Amounts payable within one year | 42/48 | €91,705 | €28,759 | -€62,946 | -68.6% |
| Trade debts | 44 | €29,356 | €17,302 | -€12,055 | -41.1% |
| Suppliers | 440/4 | €29,356 | €17,302 | -€12,055 | -41.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,221 | €11,458 | -€1,763 | -13.3% |
| Taxes | 450/3 | €268 | €7,473 | +€7,205 | +2,685% |
| Remuneration and social security | 454/9 | €12,952 | €3,985 | -€8,967 | -69.2% |
| Other amounts payable | 47/48 | €49,129 | €0 | -€49,129 | -100% |
| Remuneration, social security and pensions | 62 | €75,189 | €45,900 | -€29,289 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,116 | €1,116 | = | 0.0% |
| Other operating charges | 640/8 | €2,914 | €10,636 | +€7,721 | +265% |
| Gross operating margin | 9900 | €85,167 | €132,520 | +€47,353 | +55.6% |
| Operating profit (loss) | 9901 | €5,948 | €74,868 | +€68,920 | +1,159% |
| Financial income | 75/76B | €35 | €71 | +€36 | +102% |
| Recurring financial income | 75 | €35 | €71 | +€36 | +102% |
| Financial charges | 65/66B | €845 | €4,456 | +€3,611 | +427% |
| Recurring financial charges | 65 | €845 | €4,456 | +€3,611 | +427% |
| Profit (loss) for the period before taxes | 9903 | €5,138 | €70,484 | +€65,346 | +1,272% |
| Income taxes | 67/77 | €268 | €1,661 | +€1,392 | +519% |
| Profit (loss) for the period | 9904 | €4,870 | €68,823 | +€63,953 | +1,313% |
| Profit (loss) for the period to be appropriated | 9905 | €4,870 | €68,823 | +€63,953 | +1,313% |
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 18 October 2026 via checked.be.