IV SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets -€252,607
down €252,607 (-98.1%), from €257,406 to €4,799
of which Land and buildings: -€250,389
- Cash +€27,841
up €27,841 (+164%), from €16,970 to €44,811
mainly Investment in fixed assets (net) (+€231,684) and Depreciation (+€20,823)
- Receivables within one year +€25,054
up €25,054 (+115%), from €21,819 to €46,872
of which Other amounts receivable: +€24,691
- Current investments -€10,037
no longer reported in 2025 (was €10,037)
- Deferred charges and accrued income -€3,946
no longer reported in 2025 (was €3,946)
- Debts after one year -€166,372
no longer reported in 2025 (was €166,372)
- Profit (loss) carried forward -€77,580
down €77,580 (-88.8%), from €87,331 to €9,750
- Other debts +€11,765
new in 2025: €11,765
- Current portion of long-term debt -€9,180
no longer reported in 2025 (was €9,180)
- Tax, wage and social debts +€7,832
up €7,832 (+178%), from €4,411 to €12,243
- Gross operating margin -€108,181
down €108,181 (-71.0%), from €152,266 to €44,085
- Other operating charges -€38,797
down €38,797 (-93.1%), from €41,692 to €2,894
- Financial charges +€3,980
up €3,980 (+82.0%), from €4,852 to €8,832
- Depreciation +€2,475
up €2,475 (+13.5%), from €18,349 to €20,823
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 | €310,178 | €96,583 | -€213,595 | -68.9% |
| Fixed assets | 21/28 | €257,406 | €4,899 | -€252,507 | -98.1% |
| Tangible fixed assets | 22/27 | €257,406 | €4,799 | -€252,607 | -98.1% |
| Land and buildings | 22 | €250,389 | - | -€250,389 | |
| Plant, machinery and equipment | 23 | €6,481 | €1,012 | -€5,468 | -84.4% |
| Furniture and vehicles | 24 | €537 | €3,787 | +€3,251 | +606% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €52,772 | €91,683 | +€38,912 | +73.7% |
| Amounts receivable within one year | 40/41 | €21,819 | €46,872 | +€25,054 | +115% |
| Trade receivables | 40 | €15,425 | €15,788 | +€363 | +2.4% |
| Other amounts receivable | 41 | €6,394 | €31,085 | +€24,691 | +386% |
| Current investments | 50/53 | €10,037 | - | -€10,037 | |
| Cash at bank and in hand | 54/58 | €16,970 | €44,811 | +€27,841 | +164% |
| Deferred charges and accrued income | 490/1 | €3,946 | - | -€3,946 | |
| Total equity and liabilities | 10/49 | €310,178 | €96,583 | -€213,595 | -68.9% |
| Equity | 10/15 | €128,791 | €57,410 | -€71,380 | -55.4% |
| Contributions | 10/11 | €24,400 | €30,600 | +€6,200 | +25.4% |
| Reserves | 13 | €17,060 | €17,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,060 | €3,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,060 | €3,060 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,331 | €9,750 | -€77,580 | -88.8% |
| Amounts payable | 17/49 | €181,387 | €39,172 | -€142,215 | -78.4% |
| Amounts payable after more than one year | 17 | €166,372 | - | -€166,372 | |
| Financial debts | 170/4 | €166,372 | - | -€166,372 | |
| Amounts payable within one year | 42/48 | €14,265 | €31,627 | +€17,362 | +122% |
| Current portion of amounts payable after more than one year | 42 | €9,180 | - | -€9,180 | |
| Financial debts | 43 | €575 | €2,914 | +€2,339 | +407% |
| Credit institutions | 430/8 | €575 | €2,914 | +€2,339 | +407% |
| Trade debts | 44 | €100 | €4,706 | +€4,606 | +4,612% |
| Suppliers | 440/4 | €100 | €4,706 | +€4,606 | +4,612% |
| Taxes, remuneration and social security | 45 | €4,411 | €12,243 | +€7,832 | +178% |
| Taxes | 450/3 | €4,411 | €12,243 | +€7,832 | +178% |
| Other amounts payable | 47/48 | - | €11,765 | +€11,765 | |
| Accrued charges and deferred income | 492/3 | €750 | €7,545 | +€6,795 | +906% |
| Non-recurring operating income | 76A | €120,847 | €42,747 | -€78,100 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,349 | €20,823 | +€2,475 | +13.5% |
| Other operating charges | 640/8 | €41,692 | €2,894 | -€38,797 | -93.1% |
| Non-recurring operating charges | 66A | €74,719 | €5,215 | -€69,504 | -93.0% |
| Gross operating margin | 9900 | €152,266 | €44,085 | -€108,181 | -71.0% |
| Operating profit (loss) | 9901 | €17,507 | €15,153 | -€2,355 | -13.4% |
| Financial income | 75/76B | €41 | €54 | +€13 | +31.7% |
| Recurring financial income | 75 | €41 | €54 | +€13 | +31.7% |
| Financial charges | 65/66B | €4,852 | €8,832 | +€3,980 | +82.0% |
| Recurring financial charges | 65 | €4,852 | €8,832 | +€3,980 | +82.0% |
| Profit (loss) for the period before taxes | 9903 | €12,696 | €6,374 | -€6,322 | -49.8% |
| Income taxes | 67/77 | €3,253 | €2,190 | -€1,063 | -32.7% |
| Profit (loss) for the period | 9904 | €9,443 | €4,184 | -€5,258 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,443 | €4,184 | -€5,258 | -55.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.