IUVARE: 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.
IUVARE
Largest movements
- Cash +€15,520
up €15,520 (+14.9%), from €103,962 to €119,481
mainly Net result for the year (+€47,334) and Depreciation (+€4,659)
- Receivables within one year +€14,549
up €14,549 (+4059.1%), from €358 to €14,908
of which Other amounts receivable: +€14,908
- Tangible fixed assets -€4,659
down €4,659 (-25.5%), from €18,257 to €13,599
of which Land and buildings: -€4,043
- Profit (loss) carried forward +€47,334
up €47,334 (+34.5%), from €137,049 to €184,383
- Other debts -€18,203
down €18,203 (-66.9%), from €27,203 to €9,000
- Debts after one year -€5,101
down €5,101 (-21.5%), from €23,766 to €18,664
- Taxes +€4,575
up €4,575 (+83.9%), from €5,451 to €10,026
- Gross operating margin +€1,988
up €1,988 (+3.1%), from €63,585 to €65,573
- Financial income -€886
no longer reported in 2025 (was €886)
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 | €202,821 | €229,088 | +€26,267 | +13.0% |
| Fixed assets | 21/28 | €18,257 | €13,599 | -€4,659 | -25.5% |
| Tangible fixed assets | 22/27 | €18,257 | €13,599 | -€4,659 | -25.5% |
| Land and buildings | 22 | €17,527 | €13,484 | -€4,043 | -23.1% |
| Plant, machinery and equipment | 23 | €731 | €115 | -€616 | -84.3% |
| Current assets | 29/58 | €184,564 | €215,489 | +€30,926 | +16.8% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €358 | €14,908 | +€14,549 | +4059.1% |
| Trade receivables | 40 | €358 | - | -€358 | |
| Other amounts receivable | 41 | - | €14,908 | +€14,908 | |
| Cash at bank and in hand | 54/58 | €103,962 | €119,481 | +€15,520 | +14.9% |
| Deferred charges and accrued income | 490/1 | €244 | €1,101 | +€857 | +351.7% |
| Total equity and liabilities | 10/49 | €202,821 | €229,088 | +€26,267 | +13.0% |
| Equity | 10/15 | €145,109 | €192,443 | +€47,334 | +32.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,049 | €184,383 | +€47,334 | +34.5% |
| Amounts payable | 17/49 | €57,713 | €36,645 | -€21,067 | -36.5% |
| Amounts payable after more than one year | 17 | €23,766 | €18,664 | -€5,101 | -21.5% |
| Financial debts | 170/4 | €23,766 | €18,664 | -€5,101 | -21.5% |
| Amounts payable within one year | 42/48 | €33,947 | €17,981 | -€15,966 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €6,020 | €6,444 | +€424 | +7.0% |
| Trade debts | 44 | €724 | €2,537 | +€1,813 | +250.6% |
| Suppliers | 440/4 | €724 | €2,537 | +€1,813 | +250.6% |
| Other amounts payable | 47/48 | €27,203 | €9,000 | -€18,203 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,285 | €4,659 | -€626 | -11.8% |
| Other operating charges | 640/8 | €889 | €1,445 | +€556 | +62.5% |
| Gross operating margin | 9900 | €63,585 | €65,573 | +€1,988 | +3.1% |
| Operating profit (loss) | 9901 | €57,411 | €59,469 | +€2,058 | +3.6% |
| Financial income | 75/76B | €886 | - | -€886 | |
| Recurring financial income | 75 | €886 | - | -€886 | |
| Financial charges | 65/66B | €2,137 | €2,109 | -€28 | -1.3% |
| Recurring financial charges | 65 | €2,137 | €2,109 | -€28 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €56,161 | €57,360 | +€1,200 | +2.1% |
| Income taxes | 67/77 | €5,451 | €10,026 | +€4,575 | +83.9% |
| Profit (loss) for the period | 9904 | €50,710 | €47,334 | -€3,375 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,710 | €47,334 | -€3,375 | -6.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.