Iovis: 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.
Iovis
Largest movements
- Tangible fixed assets +€199,568
up €199,568 (+8.5%), from €2.3m to €2.5m
of which Other tangible fixed assets: +€117,642
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash -€75,805
down €75,805 (-93.3%), from €81,242 to €5,437
mainly Investment in fixed assets (net) (-€286,067) and Debts after one year (-€44,435)
- Receivables within one year +€33,467
up €33,467 (+53.9%), from €62,139 to €95,606
of which Trade receivables: +€30,742
- Contributions +€55,000
up €55,000 (+5.7%), from €962,500 to €1.0m
- Other debts +€54,646
up €54,646 (+5.1%), from €1.1m to €1.1m
- Debts after one year -€44,435
down €44,435 (-5.3%), from €833,265 to €788,830
of which Financial debts: -€44,435
- Depreciation +€32,620
up €32,620 (+60.5%), from €53,880 to €86,500
- Gross operating margin +€6,230
up €6,230 (+3.1%), from €199,125 to €205,355
- Financial charges -€4,554
down €4,554 (-4.8%), from €94,479 to €89,925
- Financial income -€3,098
down €3,098 (-45.9%), from €6,746 to €3,648
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 | €2,837,190 | €2,897,867 | +€60,676 | +2.1% |
| Fixed assets | 21/28 | €2,591,371 | €2,790,938 | +€199,568 | +7.7% |
| Tangible fixed assets | 22/27 | €2,341,371 | €2,540,938 | +€199,568 | +8.5% |
| Land and buildings | 22 | €740,800 | €740,800 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €4,236 | +€4,236 | |
| Furniture and vehicles | 24 | €1,358 | €79,048 | +€77,690 | +5721.2% |
| Other tangible fixed assets | 26 | €1,599,213 | €1,716,854 | +€117,642 | +7.4% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €245,820 | €106,928 | -€138,891 | -56.5% |
| Amounts receivable within one year | 40/41 | €62,139 | €95,606 | +€33,467 | +53.9% |
| Trade receivables | 40 | €5,324 | €36,066 | +€30,742 | +577.4% |
| Other amounts receivable | 41 | €56,815 | €59,539 | +€2,725 | +4.8% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €81,242 | €5,437 | -€75,805 | -93.3% |
| Deferred charges and accrued income | 490/1 | €2,439 | €5,886 | +€3,446 | +141.3% |
| Total equity and liabilities | 10/49 | €2,837,190 | €2,897,867 | +€60,676 | +2.1% |
| Equity | 10/15 | €873,421 | €929,019 | +€55,598 | +6.4% |
| Contributions | 10/11 | €962,500 | €1,017,500 | +€55,000 | +5.7% |
| Profit (loss) carried forward | 14 | -€89,079 | -€88,481 | +€598 | +0.7% |
| Amounts payable | 17/49 | €1,963,770 | €1,968,848 | +€5,078 | +0.3% |
| Amounts payable after more than one year | 17 | €833,265 | €788,830 | -€44,435 | -5.3% |
| Financial debts | 170/4 | €825,776 | €781,341 | -€44,435 | -5.4% |
| Other amounts payable | 178/9 | €7,490 | €7,490 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,128,998 | €1,178,491 | +€49,493 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €44,081 | €44,435 | +€354 | +0.8% |
| Trade debts | 44 | €15,233 | €5,229 | -€10,004 | -65.7% |
| Suppliers | 440/4 | €15,233 | €5,229 | -€10,004 | -65.7% |
| Taxes, remuneration and social security | 45 | €3,218 | €7,715 | +€4,497 | +139.7% |
| Taxes | 450/3 | €3,218 | €7,715 | +€4,497 | +139.7% |
| Other amounts payable | 47/48 | €1,066,466 | €1,121,112 | +€54,646 | +5.1% |
| Accrued charges and deferred income | 492/3 | €1,506 | €1,526 | +€20 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,880 | €86,500 | +€32,620 | +60.5% |
| Other operating charges | 640/8 | €30,632 | €31,874 | +€1,241 | +4.1% |
| Gross operating margin | 9900 | €199,125 | €205,355 | +€6,230 | +3.1% |
| Operating profit (loss) | 9901 | €114,613 | €86,981 | -€27,631 | -24.1% |
| Financial income | 75/76B | €6,746 | €3,648 | -€3,098 | -45.9% |
| Recurring financial income | 75 | €6,746 | €3,648 | -€3,098 | -45.9% |
| Financial charges | 65/66B | €94,479 | €89,925 | -€4,554 | -4.8% |
| Recurring financial charges | 65 | €94,479 | €89,925 | -€4,554 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €26,880 | €704 | -€26,176 | -97.4% |
| Income taxes | 67/77 | - | €106 | +€106 | |
| Profit (loss) for the period | 9904 | €26,880 | €598 | -€26,282 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,880 | €598 | -€26,282 | -97.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.