IANVS: what changed
Two fiscal 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.
IANVS
Largest movements
- Intangible fixed assets -€154,182
down €154,182 (-21.1%), from €732,366 to €578,184
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Tangible fixed assets -€29,726
down €29,726 (-5.3%), from €558,391 to €528,665
of which Plant, machinery and equipment: -€28,613
- Other debts -€260,000
down €260,000 (-54.2%), from €479,565 to €219,565
- Profit (loss) carried forward -€86,128
no longer reported in 2025 (was €86,128)
- Reserves +€35,324
up €35,324 (+4.7%), from €744,866 to €780,191
of which Distributable reserves: +€189,507
- Depreciation +€113,127
up €113,127 (+159.8%), from €70,781 to €183,909
- Gross operating margin -€63,636
down €63,636 (-25.5%), from €249,236 to €185,600
- Taxes -€18,446
down €18,446 (-34.8%), from €53,034 to €34,588
- Other operating charges +€11,466
up €11,466 (+154.3%), from €7,429 to €18,895
- Staff costs -€7,671
no longer reported in 2025 (was €7,671)
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.
Cash bridge derived
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 | €1,450,786 | €1,127,527 | -€323,259 | -22.3% |
| Fixed assets | 21/28 | €1,290,757 | €1,106,849 | -€183,909 | -14.2% |
| Intangible fixed assets | 21 | €732,366 | €578,184 | -€154,182 | -21.1% |
| Tangible fixed assets | 22/27 | €558,391 | €528,665 | -€29,726 | -5.3% |
| Land and buildings | 22 | €441,113 | €440,000 | -€1,113 | -0.3% |
| Plant, machinery and equipment | 23 | €117,278 | €88,665 | -€28,613 | -24.4% |
| Current assets | 29/58 | €160,028 | €20,678 | -€139,350 | -87.1% |
| Amounts receivable within one year | 40/41 | €16,389 | €10,563 | -€5,825 | -35.5% |
| Trade receivables | 40 | €16 | €9,589 | +€9,573 | +60438.6% |
| Other amounts receivable | 41 | €16,373 | €974 | -€15,399 | -94.1% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €16,677 | €8,092 | -€8,585 | -51.5% |
| Deferred charges and accrued income | 490/1 | €1,962 | €2,022 | +€60 | +3.1% |
| Total equity and liabilities | 10/49 | €1,450,786 | €1,127,527 | -€323,259 | -22.3% |
| Equity | 10/15 | €955,994 | €905,191 | -€50,804 | -5.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €744,866 | €780,191 | +€35,324 | +4.7% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €732,366 | €578,184 | -€154,182 | -21.1% |
| Distributable reserves | 133 | - | €189,507 | +€189,507 | |
| Profit (loss) carried forward | 14 | €86,128 | - | -€86,128 | |
| Amounts payable | 17/49 | €494,791 | €222,336 | -€272,455 | -55.1% |
| Amounts payable within one year | 42/48 | €493,202 | €222,336 | -€270,866 | -54.9% |
| Trade debts | 44 | €945 | €1,325 | +€380 | +40.2% |
| Suppliers | 440/4 | €945 | €1,325 | +€380 | +40.2% |
| Taxes, remuneration and social security | 45 | €12,692 | €1,446 | -€11,246 | -88.6% |
| Taxes | 450/3 | €12,692 | €1,446 | -€11,246 | -88.6% |
| Other amounts payable | 47/48 | €479,565 | €219,565 | -€260,000 | -54.2% |
| Accrued charges and deferred income | 492/3 | €1,589 | - | -€1,589 | |
| Non-recurring operating income | 76A | €1,525 | - | -€1,525 | |
| Remuneration, social security and pensions | 62 | €7,671 | - | -€7,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,781 | €183,909 | +€113,127 | +159.8% |
| Other operating charges | 640/8 | €7,429 | €18,895 | +€11,466 | +154.3% |
| Non-recurring operating charges | 66A | - | €17 | +€17 | |
| Gross operating margin | 9900 | €249,236 | €185,600 | -€63,636 | -25.5% |
| Operating profit (loss) | 9901 | €163,354 | -€17,221 | -€180,575 | |
| Financial income | 75/76B | €4,068 | €2,141 | -€1,927 | -47.4% |
| Recurring financial income | 75 | €4,068 | €2,141 | -€1,927 | -47.4% |
| Financial charges | 65/66B | €1,261 | €1,135 | -€126 | -10.0% |
| Recurring financial charges | 65 | €1,261 | €1,135 | -€126 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €166,161 | -€16,215 | -€182,376 | |
| Transfer from deferred taxes | 780 | €1,460 | - | -€1,460 | |
| Income taxes | 67/77 | €53,034 | €34,588 | -€18,446 | -34.8% |
| Profit (loss) for the period | 9904 | €114,587 | -€50,804 | -€165,390 | |
| Transfer from tax-exempt reserves | 789 | €39,032 | €154,182 | +€115,150 | +295.0% |
| Transfer to tax-exempt reserves | 689 | €770,912 | - | -€770,912 | |
| Profit (loss) for the period to be appropriated | 9905 | -€617,293 | €103,379 | +€720,672 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.