Ilvero: 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.
Ilvero
Largest movements
- Receivables within one year +€15,324
up €15,324 (+15.0%), from €102,325 to €117,650
of which Trade receivables: +€11,804
- Tangible fixed assets -€12,058
down €12,058 (-22.8%), from €52,803 to €40,745
of which Furniture and vehicles: -€13,904
- Deferred charges and accrued income +€9,507
up €9,507 (+298.3%), from €3,187 to €12,694
- Tax, wage and social debts -€18,508
down €18,508 (-93.8%), from €19,740 to €1,232
of which Taxes: -€9,327
- Reserves +€16,882
up €16,882 (+30.3%), from €55,683 to €72,564
- Accrued charges and deferred income +€14,137
up €14,137 (+134.5%), from €10,508 to €24,645
- Debts after one year -€11,794
down €11,794 (-27.1%), from €43,551 to €31,758
- Advances received +€9,895
new in 2025: €9,895
- Staff costs -€31,441
down €31,441 (-99.5%), from €31,590 to €149
- Taxes +€4,984
up €4,984 (+2861.2%), from €174 to €5,158
- Gross operating margin +€3,927
up €3,927 (+10.0%), from €39,329 to €43,256
- Financial income +€1,360
up €1,360 (+6014.5%), from €23 to €1,383
of which Non-recurring financial income: +€1,000
- Financial charges -€804
down €804 (-18.2%), from €4,426 to €3,622
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,415 | €171,189 | +€12,774 | +8.1% |
| Fixed assets | 21/28 | €52,903 | €40,845 | -€12,058 | -22.8% |
| Tangible fixed assets | 22/27 | €52,803 | €40,745 | -€12,058 | -22.8% |
| Plant, machinery and equipment | 23 | €825 | €1,149 | +€324 | +39.3% |
| Furniture and vehicles | 24 | €50,711 | €36,807 | -€13,904 | -27.4% |
| Other tangible fixed assets | 26 | €1,267 | €2,789 | +€1,522 | +120.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €105,512 | €130,344 | +€24,831 | +23.5% |
| Amounts receivable within one year | 40/41 | €102,325 | €117,650 | +€15,324 | +15.0% |
| Trade receivables | 40 | €31,779 | €43,583 | +€11,804 | +37.1% |
| Other amounts receivable | 41 | €70,546 | €74,067 | +€3,521 | +5.0% |
| Deferred charges and accrued income | 490/1 | €3,187 | €12,694 | +€9,507 | +298.3% |
| Total equity and liabilities | 10/49 | €158,415 | €171,189 | +€12,774 | +8.1% |
| Equity | 10/15 | €59,404 | €78,764 | +€19,360 | +32.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,683 | €72,564 | +€16,882 | +30.3% |
| Distributable reserves | 133 | €55,683 | €72,564 | +€16,882 | +30.3% |
| Profit (loss) carried forward | 14 | -€2,479 | - | +€2,479 | |
| Amounts payable | 17/49 | €99,011 | €92,424 | -€6,587 | -6.7% |
| Amounts payable after more than one year | 17 | €43,551 | €31,758 | -€11,794 | -27.1% |
| Financial debts | 170/4 | €43,551 | €31,758 | -€11,794 | -27.1% |
| Amounts payable within one year | 42/48 | €44,951 | €36,021 | -€8,930 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €18,093 | €18,597 | +€505 | +2.8% |
| Financial debts | 43 | €3,596 | €214 | -€3,382 | -94.0% |
| Credit institutions | 430/8 | €3,596 | €214 | -€3,382 | -94.0% |
| Trade debts | 44 | €3,522 | €6,082 | +€2,560 | +72.7% |
| Suppliers | 440/4 | €3,522 | €6,082 | +€2,560 | +72.7% |
| Advances received on contracts in progress | 46 | - | €9,895 | +€9,895 | |
| Taxes, remuneration and social security | 45 | €19,740 | €1,232 | -€18,508 | -93.8% |
| Taxes | 450/3 | €9,560 | €232 | -€9,327 | -97.6% |
| Remuneration and social security | 454/9 | €10,180 | €1,000 | -€9,180 | -90.2% |
| Accrued charges and deferred income | 492/3 | €10,508 | €24,645 | +€14,137 | +134.5% |
| Non-recurring operating income | 76A | - | €1,805 | +€1,805 | |
| Remuneration, social security and pensions | 62 | €31,590 | €149 | -€31,441 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,126 | €14,703 | -€423 | -2.8% |
| Other operating charges | 640/8 | €1,488 | €1,647 | +€159 | +10.7% |
| Gross operating margin | 9900 | €39,329 | €43,256 | +€3,927 | +10.0% |
| Operating profit (loss) | 9901 | -€8,874 | €26,757 | +€35,631 | |
| Financial income | 75/76B | €23 | €1,383 | +€1,360 | +6014.5% |
| Recurring financial income | 75 | €23 | €383 | +€360 | +1593.6% |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €4,426 | €3,622 | -€804 | -18.2% |
| Recurring financial charges | 65 | €4,426 | €3,622 | -€804 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,278 | €24,518 | +€37,796 | |
| Income taxes | 67/77 | €174 | €5,158 | +€4,984 | +2861.2% |
| Profit (loss) for the period | 9904 | -€13,452 | €19,360 | +€32,812 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,452 | €19,360 | +€32,812 |
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 8 October 2026 via checked.be.