IOVINE & 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.
IOVINE & CO
Largest movements
- Tangible fixed assets +€41,134
new in 2025: €41,134
- Deferred charges and accrued income +€14,561
up €14,561 (+12,553%), from €116 to €14,677
- Receivables within one year -€7,649
down €7,649 (-74.5%), from €10,268 to €2,619
of which Trade receivables: -€6,305
- Cash -€3,205
down €3,205 (-6.6%), from €48,693 to €45,487
mainly Investment in fixed assets (net) (-€43,900) and Deferred charges and accrued income (-€14,561)
- Profit (loss) carried forward +€24,871
up €24,871 (+89.9%), from €27,655 to €52,526
- Reserves +€15,704
up €15,704 (+845%), from €1,859 to €17,563
of which Tax-exempt reserves: +€15,704
- Tax, wage and social debts +€4,542
up €4,542 (+126%), from €3,619 to €8,162
of which Taxes: +€5,757
- Trade debts -€2,652
down €2,652 (-28.8%), from €9,220 to €6,568
- Other debts +€2,375
up €2,375 (+42.6%), from €5,579 to €7,954
- Taxes +€5,765
new in 2025: €5,765
- Gross operating margin -€4,094
down €4,094 (-4.2%), from €96,705 to €92,611
- Staff costs +€3,246
up €3,246 (+8.7%), from €37,139 to €40,385
- Depreciation +€2,766
new in 2025: €2,766
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 | €59,212 | €104,052 | +€44,841 | +75.7% |
| Fixed assets | 21/28 | €135 | €41,269 | +€41,134 | +30,469% |
| Tangible fixed assets | 22/27 | - | €41,134 | +€41,134 | |
| Furniture and vehicles | 24 | - | €41,134 | +€41,134 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €59,077 | €62,784 | +€3,707 | +6.3% |
| Amounts receivable within one year | 40/41 | €10,268 | €2,619 | -€7,649 | -74.5% |
| Trade receivables | 40 | €7,149 | €845 | -€6,305 | -88.2% |
| Other amounts receivable | 41 | €3,119 | €1,775 | -€1,344 | -43.1% |
| Cash at bank and in hand | 54/58 | €48,693 | €45,487 | -€3,205 | -6.6% |
| Deferred charges and accrued income | 490/1 | €116 | €14,677 | +€14,561 | +12,553% |
| Total equity and liabilities | 10/49 | €59,212 | €104,052 | +€44,841 | +75.7% |
| Equity | 10/15 | €40,793 | €81,368 | +€40,575 | +99.5% |
| Contributions | 10/11 | €11,279 | €11,279 | = | 0.0% |
| Reserves | 13 | €1,859 | €17,563 | +€15,704 | +845% |
| Tax-exempt reserves | 132 | - | €15,704 | +€15,704 | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,655 | €52,526 | +€24,871 | +89.9% |
| Amounts payable | 17/49 | €18,418 | €22,684 | +€4,266 | +23.2% |
| Amounts payable within one year | 42/48 | €18,418 | €22,684 | +€4,266 | +23.2% |
| Trade debts | 44 | €9,220 | €6,568 | -€2,652 | -28.8% |
| Suppliers | 440/4 | €9,220 | €6,568 | -€2,652 | -28.8% |
| Taxes, remuneration and social security | 45 | €3,619 | €8,162 | +€4,542 | +126% |
| Taxes | 450/3 | €2,247 | €8,005 | +€5,757 | +256% |
| Remuneration and social security | 454/9 | €1,372 | €157 | -€1,215 | -88.6% |
| Other amounts payable | 47/48 | €5,579 | €7,954 | +€2,375 | +42.6% |
| Remuneration, social security and pensions | 62 | €37,139 | €40,385 | +€3,246 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,766 | +€2,766 | |
| Other operating charges | 640/8 | €200 | €314 | +€114 | +57.0% |
| Gross operating margin | 9900 | €96,705 | €92,611 | -€4,094 | -4.2% |
| Operating profit (loss) | 9901 | €59,366 | €49,146 | -€10,220 | -17.2% |
| Financial income | 75/76B | €338 | €193 | -€145 | -42.9% |
| Recurring financial income | 75 | €338 | €193 | -€145 | -42.9% |
| Financial charges | 65/66B | €2,837 | €2,999 | +€162 | +5.7% |
| Recurring financial charges | 65 | €2,837 | €2,999 | +€162 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €56,866 | €46,340 | -€10,527 | -18.5% |
| Income taxes | 67/77 | - | €5,765 | +€5,765 | |
| Profit (loss) for the period | 9904 | €56,866 | €40,575 | -€16,291 | -28.6% |
| Transfer from tax-exempt reserves | 789 | - | €1,056 | +€1,056 | |
| Transfer to tax-exempt reserves | 689 | - | €16,760 | +€16,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,866 | €24,871 | -€31,995 | -56.3% |
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.