I.V.T.: 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.T.
Largest movements
- Receivables within one year -€57,787
down €57,787 (-57.1%), from €101,127 to €43,340
of which Trade receivables: -€64,687
- Tangible fixed assets -€9,000
down €9,000 (-2.5%), from €365,000 to €356,000
- Profit (loss) carried forward -€32,032
down €32,032, from €19,672 to -€12,360
- Debts after one year -€17,381
down €17,381 (-5.7%), from €302,643 to €285,262
- Tax, wage and social debts -€16,249
down €16,249 (-67.9%), from €23,941 to €7,692
- Gross operating margin -€54,448
down €54,448, from €47,201 to -€7,247
- Other operating charges -€41,407
down €41,407 (-93.8%), from €44,153 to €2,746
- Depreciation +€7,029
up €7,029 (+357%), from €1,971 to €9,000
- Financial charges -€4,674
down €4,674 (-26.4%), from €17,713 to €13,039
- Taxes +€2,621
no longer reported in 2025 (was -€2,621)
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 | €470,214 | €406,015 | -€64,199 | -13.7% |
| Fixed assets | 21/28 | €365,000 | €356,000 | -€9,000 | -2.5% |
| Tangible fixed assets | 22/27 | €365,000 | €356,000 | -€9,000 | -2.5% |
| Land and buildings | 22 | €365,000 | €356,000 | -€9,000 | -2.5% |
| Current assets | 29/58 | €105,214 | €50,015 | -€55,199 | -52.5% |
| Amounts receivable within one year | 40/41 | €101,127 | €43,340 | -€57,787 | -57.1% |
| Trade receivables | 40 | €64,687 | - | -€64,687 | |
| Other amounts receivable | 41 | €36,440 | €43,340 | +€6,900 | +18.9% |
| Current investments | 50/53 | €272 | €272 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,815 | €6,403 | +€2,588 | +67.8% |
| Total equity and liabilities | 10/49 | €470,214 | €406,015 | -€64,199 | -13.7% |
| Equity | 10/15 | €72,072 | €40,040 | -€32,032 | -44.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Other | 1319 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,672 | -€12,360 | -€32,032 | |
| Amounts payable | 17/49 | €398,142 | €365,975 | -€32,167 | -8.1% |
| Amounts payable after more than one year | 17 | €302,643 | €285,262 | -€17,381 | -5.7% |
| Financial debts | 170/4 | €302,643 | €285,262 | -€17,381 | -5.7% |
| Amounts payable within one year | 42/48 | €95,499 | €80,713 | -€14,786 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €17,630 | €17,381 | -€249 | -1.4% |
| Trade debts | 44 | €3,928 | €5,640 | +€1,712 | +43.6% |
| Suppliers | 440/4 | €3,928 | €5,640 | +€1,712 | +43.6% |
| Taxes, remuneration and social security | 45 | €23,941 | €7,692 | -€16,249 | -67.9% |
| Taxes | 450/3 | €23,941 | €7,692 | -€16,249 | -67.9% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,971 | €9,000 | +€7,029 | +357% |
| Other operating charges | 640/8 | €44,153 | €2,746 | -€41,407 | -93.8% |
| Gross operating margin | 9900 | €47,201 | -€7,247 | -€54,448 | |
| Operating profit (loss) | 9901 | €1,077 | -€18,993 | -€20,070 | |
| Financial income | 75/76B | €2,142 | - | -€2,142 | |
| Recurring financial income | 75 | €2,142 | - | -€2,142 | |
| Financial charges | 65/66B | €17,713 | €13,039 | -€4,674 | -26.4% |
| Recurring financial charges | 65 | €17,713 | €13,039 | -€4,674 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,494 | -€32,032 | -€17,538 | -121% |
| Income taxes | 67/77 | -€2,621 | - | +€2,621 | |
| Profit (loss) for the period | 9904 | -€11,873 | -€32,032 | -€20,159 | -170% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,873 | -€32,032 | -€20,159 | -170% |
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 13 October 2026 via checked.be.