IV-Drive: 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.
IV-Drive
Largest movements
- Tangible fixed assets -€15,519
down €15,519 (-27.7%), from €56,119 to €40,600
of which Furniture and vehicles: -€15,015
- Receivables within one year +€3,934
up €3,934 (+22.0%), from €17,885 to €21,820
of which Other amounts receivable: +€3,329
- Cash +€2,793
up €2,793 (+344.7%), from €810 to €3,603
mainly Net result for the year (+€17,066) and Depreciation (+€15,698)
- Other debts -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Reserves +€17,066
up €17,066 (+46.1%), from €36,993 to €54,058
- Accrued charges and deferred income -€3,875
down €3,875 (-88.9%), from €4,357 to €482
- Tax, wage and social debts -€1,852
down €1,852 (-21.8%), from €8,496 to €6,644
- Gross operating margin -€4,861
down €4,861 (-10.7%), from €45,344 to €40,484
- Financial charges -€2,200
down €2,200 (-80.4%), from €2,737 to €537
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 | €75,370 | €66,399 | -€8,971 | -11.9% |
| Formation expenses | 20 | €555 | €377 | -€178 | -32.1% |
| Fixed assets | 21/28 | €56,119 | €40,600 | -€15,519 | -27.7% |
| Tangible fixed assets | 22/27 | €56,119 | €40,600 | -€15,519 | -27.7% |
| Plant, machinery and equipment | 23 | €1,091 | €587 | -€504 | -46.2% |
| Furniture and vehicles | 24 | €55,028 | €40,013 | -€15,015 | -27.3% |
| Current assets | 29/58 | €18,696 | €25,423 | +€6,727 | +36.0% |
| Amounts receivable within one year | 40/41 | €17,885 | €21,820 | +€3,934 | +22.0% |
| Trade receivables | 40 | €14,520 | €15,125 | +€605 | +4.2% |
| Other amounts receivable | 41 | €3,365 | €6,695 | +€3,329 | +98.9% |
| Cash at bank and in hand | 54/58 | €810 | €3,603 | +€2,793 | +344.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €75,370 | €66,399 | -€8,971 | -11.9% |
| Equity | 10/15 | €41,993 | €59,058 | +€17,066 | +40.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,993 | €54,058 | +€17,066 | +46.1% |
| Distributable reserves | 133 | €36,993 | €54,058 | +€17,066 | +46.1% |
| Amounts payable | 17/49 | €33,377 | €7,341 | -€26,036 | -78.0% |
| Amounts payable within one year | 42/48 | €29,020 | €6,859 | -€22,161 | -76.4% |
| Trade debts | 44 | €524 | €215 | -€309 | -59.0% |
| Suppliers | 440/4 | €524 | €215 | -€309 | -59.0% |
| Taxes, remuneration and social security | 45 | €8,496 | €6,644 | -€1,852 | -21.8% |
| Taxes | 450/3 | €8,496 | €6,644 | -€1,852 | -21.8% |
| Other amounts payable | 47/48 | €20,000 | €0 | -€20,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,357 | €482 | -€3,875 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,312 | €15,698 | +€386 | +2.5% |
| Other operating charges | 640/8 | €387 | €544 | +€156 | +40.4% |
| Gross operating margin | 9900 | €45,344 | €40,484 | -€4,861 | -10.7% |
| Operating profit (loss) | 9901 | €29,645 | €24,242 | -€5,403 | -18.2% |
| Financial income | 75/76B | €0 | €31 | +€31 | +7461.0% |
| Recurring financial income | 75 | €0 | €31 | +€31 | +7461.0% |
| Financial charges | 65/66B | €2,737 | €537 | -€2,200 | -80.4% |
| Recurring financial charges | 65 | €2,737 | €537 | -€2,200 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | €26,909 | €23,736 | -€3,172 | -11.8% |
| Income taxes | 67/77 | €6,635 | €6,671 | +€36 | +0.5% |
| Profit (loss) for the period | 9904 | €20,274 | €17,066 | -€3,208 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,274 | €17,066 | -€3,208 | -15.8% |
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 9 October 2026 via checked.be.