I-VERT: 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-VERT
Largest movements
- Stocks and contracts +€35,501
up €35,501 (+165%), from €21,506 to €57,007
- Deferred charges and accrued income +€30,394
up €30,394 (+904%), from €3,363 to €33,757
- Cash +€27,878
up €27,878 (+146%), from €19,117 to €46,995
mainly Net result for the year (+€84,401) and Other debts (+€34,635)
- Receivables within one year -€13,204
down €13,204 (-66.7%), from €19,788 to €6,584
- Tangible fixed assets -€8,736
down €8,736 (-3.3%), from €268,444 to €259,708
of which Land and buildings: -€10,270
- Profit (loss) carried forward +€80,401
up €80,401, from -€68,900 to €11,500
- Other debts +€34,635
up €34,635 (+34.9%), from €99,244 to €133,879
- Debts after one year -€23,705
down €23,705 (-12.6%), from €188,156 to €164,450
- Tax, wage and social debts -€14,757
down €14,757 (-42.8%), from €34,460 to €19,703
of which Remuneration and social security: -€11,585
- Gross operating margin +€108,961
up €108,961 (+104%), from €104,381 to €213,341
- Staff costs -€77,772
down €77,772 (-57.1%), from €136,161 to €58,389
- Financial charges +€35,728
up €35,728 (+406%), from €8,794 to €44,522
- Taxes +€7,725
up €7,725 (+2,240%), from €345 to €8,070
- Depreciation -€3,870
down €3,870 (-21.3%), from €18,162 to €14,293
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.
Derived cash bridge
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 | €340,543 | €420,732 | +€80,188 | +23.5% |
| Fixed assets | 21/28 | €276,769 | €276,388 | -€380 | -0.1% |
| Intangible fixed assets | 21 | €8,033 | €16,388 | +€8,356 | +104% |
| Tangible fixed assets | 22/27 | €268,444 | €259,708 | -€8,736 | -3.3% |
| Land and buildings | 22 | €259,695 | €249,425 | -€10,270 | -4.0% |
| Plant, machinery and equipment | 23 | €14 | - | -€14 | |
| Furniture and vehicles | 24 | €8,736 | €10,284 | +€1,548 | +17.7% |
| Financial fixed assets | 28 | €292 | €292 | = | 0.0% |
| Current assets | 29/58 | €63,775 | €144,343 | +€80,569 | +126% |
| Stocks and contracts in progress | 3 | €21,506 | €57,007 | +€35,501 | +165% |
| Stocks | 30/36 | €21,506 | €57,007 | +€35,501 | +165% |
| Amounts receivable within one year | 40/41 | €19,788 | €6,584 | -€13,204 | -66.7% |
| Trade receivables | 40 | €19,788 | €6,584 | -€13,204 | -66.7% |
| Cash at bank and in hand | 54/58 | €19,117 | €46,995 | +€27,878 | +146% |
| Deferred charges and accrued income | 490/1 | €3,363 | €33,757 | +€30,394 | +904% |
| Total equity and liabilities | 10/49 | €340,543 | €420,732 | +€80,188 | +23.5% |
| Equity | 10/15 | -€13,900 | €66,500 | +€80,401 | |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,900 | €11,500 | +€80,401 | |
| Amounts payable | 17/49 | €354,444 | €354,231 | -€212 | -0.1% |
| Amounts payable after more than one year | 17 | €188,156 | €164,450 | -€23,705 | -12.6% |
| Financial debts | 170/4 | €188,156 | €164,450 | -€23,705 | -12.6% |
| Amounts payable within one year | 42/48 | €166,245 | €189,781 | +€23,536 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €17,321 | €20,735 | +€3,414 | +19.7% |
| Trade debts | 44 | €15,220 | €15,464 | +€245 | +1.6% |
| Suppliers | 440/4 | €15,220 | €15,464 | +€245 | +1.6% |
| Taxes, remuneration and social security | 45 | €34,460 | €19,703 | -€14,757 | -42.8% |
| Taxes | 450/3 | €17,753 | €14,581 | -€3,172 | -17.9% |
| Remuneration and social security | 454/9 | €16,707 | €5,122 | -€11,585 | -69.3% |
| Other amounts payable | 47/48 | €99,244 | €133,879 | +€34,635 | +34.9% |
| Accrued charges and deferred income | 492/3 | €43 | - | -€43 | |
| Remuneration, social security and pensions | 62 | €136,161 | €58,389 | -€77,772 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,162 | €14,293 | -€3,870 | -21.3% |
| Other operating charges | 640/8 | €5,446 | €3,670 | -€1,776 | -32.6% |
| Gross operating margin | 9900 | €104,381 | €213,341 | +€108,961 | +104% |
| Operating profit (loss) | 9901 | -€55,388 | €136,989 | +€192,378 | |
| Financial income | 75/76B | €1 | €3 | +€2 | +396% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +396% |
| Financial charges | 65/66B | €8,794 | €44,522 | +€35,728 | +406% |
| Recurring financial charges | 65 | €8,794 | €44,522 | +€35,728 | +406% |
| Profit (loss) for the period before taxes | 9903 | -€64,181 | €92,470 | +€156,652 | |
| Income taxes | 67/77 | €345 | €8,070 | +€7,725 | +2,240% |
| Profit (loss) for the period | 9904 | -€64,526 | €84,401 | +€148,927 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,526 | €84,401 | +€148,927 |
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 14 October 2026 via checked.be.