I.V.E. LAW & CO: 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.E. LAW & CO
Largest movements
- Tangible fixed assets -€9,592
down €9,592 (-30.3%), from €31,706 to €22,113
of which Furniture and vehicles: -€9,180
- Receivables within one year -€8,311
down €8,311 (-37.5%), from €22,137 to €13,826
of which Trade receivables: -€11,001
- Deferred charges and accrued income +€2,193
up €2,193 (+2,060%), from €106 to €2,300
- Cash -€1,833
down €1,833 (-89.8%), from €2,042 to €208
mainly Trade debts (-€28,039) and Debts after one year (-€4,646)
- Trade debts -€28,039
down €28,039 (-74.4%), from €37,665 to €9,626
- Other debts +€14,142
up €14,142 (+10,802%), from €131 to €14,273
- Debts after one year -€4,646
down €4,646 (-34.8%), from €13,355 to €8,709
- Gross operating margin -€27,467
down €27,467 (-46.4%), from €59,199 to €31,732
- Taxes -€4,882
down €4,882 (-72.9%), from €6,699 to €1,817
- Staff costs -€3,238
down €3,238 (-16.8%), from €19,290 to €16,052
- Other operating charges -€2,551
down €2,551 (-53.9%), from €4,734 to €2,183
- Financial income -€1,427
down €1,427 (-99.8%), from €1,430 to €3
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 | €123,192 | €105,639 | -€17,553 | -14.2% |
| Fixed assets | 21/28 | €31,907 | €22,305 | -€9,602 | -30.1% |
| Intangible fixed assets | 21 | €85 | €75 | -€10 | -11.7% |
| Tangible fixed assets | 22/27 | €31,706 | €22,113 | -€9,592 | -30.3% |
| Furniture and vehicles | 24 | €30,248 | €21,067 | -€9,180 | -30.4% |
| Other tangible fixed assets | 26 | €1,458 | €1,046 | -€412 | -28.3% |
| Financial fixed assets | 28 | €116 | €116 | = | 0.0% |
| Current assets | 29/58 | €91,285 | €83,334 | -€7,951 | -8.7% |
| Amounts receivable after more than one year | 29 | €67,000 | €67,000 | = | 0.0% |
| Other amounts receivable | 291 | €67,000 | €67,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,137 | €13,826 | -€8,311 | -37.5% |
| Trade receivables | 40 | €22,136 | €11,135 | -€11,001 | -49.7% |
| Other amounts receivable | 41 | €1 | €2,692 | +€2,690 | +213,526% |
| Cash at bank and in hand | 54/58 | €2,042 | €208 | -€1,833 | -89.8% |
| Deferred charges and accrued income | 490/1 | €106 | €2,300 | +€2,193 | +2,060% |
| Total equity and liabilities | 10/49 | €123,192 | €105,639 | -€17,553 | -14.2% |
| Equity | 10/15 | €55,139 | €56,165 | +€1,025 | +1.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €53,139 | €54,165 | +€1,025 | +1.9% |
| Distributable reserves | 133 | €53,139 | €54,165 | +€1,025 | +1.9% |
| Amounts payable | 17/49 | €68,053 | €49,474 | -€18,578 | -27.3% |
| Amounts payable after more than one year | 17 | €13,355 | €8,709 | -€4,646 | -34.8% |
| Financial debts | 170/4 | €13,355 | €8,709 | -€4,646 | -34.8% |
| Amounts payable within one year | 42/48 | €54,598 | €40,766 | -€13,832 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €4,420 | €4,646 | +€226 | +5.1% |
| Trade debts | 44 | €37,665 | €9,626 | -€28,039 | -74.4% |
| Suppliers | 440/4 | €37,665 | €9,626 | -€28,039 | -74.4% |
| Taxes, remuneration and social security | 45 | €12,382 | €12,220 | -€162 | -1.3% |
| Taxes | 450/3 | €8,631 | €8,713 | +€82 | +1.0% |
| Remuneration and social security | 454/9 | €3,751 | €3,507 | -€244 | -6.5% |
| Other amounts payable | 47/48 | €131 | €14,273 | +€14,142 | +10,802% |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Remuneration, social security and pensions | 62 | €19,290 | €16,052 | -€3,238 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,602 | €9,602 | = | 0.0% |
| Other operating charges | 640/8 | €4,734 | €2,183 | -€2,551 | -53.9% |
| Gross operating margin | 9900 | €59,199 | €31,732 | -€27,467 | -46.4% |
| Operating profit (loss) | 9901 | €25,573 | €3,895 | -€21,678 | -84.8% |
| Financial income | 75/76B | €1,430 | €3 | -€1,427 | -99.8% |
| Recurring financial income | 75 | €1,430 | €3 | -€1,427 | -99.8% |
| Financial charges | 65/66B | €1,162 | €1,056 | -€106 | -9.2% |
| Recurring financial charges | 65 | €1,162 | €1,056 | -€106 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €25,840 | €2,842 | -€22,998 | -89.0% |
| Income taxes | 67/77 | €6,699 | €1,817 | -€4,882 | -72.9% |
| Profit (loss) for the period | 9904 | €19,142 | €1,025 | -€18,116 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,142 | €1,025 | -€18,116 | -94.6% |
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 24 October 2026 via checked.be.