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
- Cash -€63,250
down €63,250 (-49.1%), from €128,715 to €65,465
mainly Contributions, distributions and other (-€80,000) and Other debts (-€36,099)
- Receivables within one year +€6,888
up €6,888 (+15.5%), from €44,401 to €51,289
of which Trade receivables: +€3,993
- Tangible fixed assets +€4,200
up €4,200 (+206%), from €2,034 to €6,234
- Other debts -€36,099
down €36,099 (-31.1%), from €116,099 to €80,000
- Debts after one year -€16,054
no longer reported in 2025 (was €16,054)
- Tax, wage and social debts +€7,393
up €7,393 (+93.9%), from €7,877 to €15,270
- Trade debts -€5,421
down €5,421 (-33.3%), from €16,290 to €10,869
- Gross operating margin +€32,113
up €32,113 (+43.3%), from €74,220 to €106,333
- Taxes +€7,479
up €7,479 (+49.6%), from €15,064 to €22,543
- Financial charges +€1,167
up €1,167 (+92.3%), from €1,264 to €2,430
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 | €175,150 | €124,415 | -€50,735 | -29.0% |
| Fixed assets | 21/28 | €2,034 | €6,234 | +€4,200 | +206% |
| Tangible fixed assets | 22/27 | €2,034 | €6,234 | +€4,200 | +206% |
| Furniture and vehicles | 24 | €2,034 | €6,234 | +€4,200 | +206% |
| Current assets | 29/58 | €173,116 | €118,181 | -€54,935 | -31.7% |
| Amounts receivable within one year | 40/41 | €44,401 | €51,289 | +€6,888 | +15.5% |
| Trade receivables | 40 | €42,461 | €46,454 | +€3,993 | +9.4% |
| Other amounts receivable | 41 | €1,940 | €4,835 | +€2,895 | +149% |
| Cash at bank and in hand | 54/58 | €128,715 | €65,465 | -€63,250 | -49.1% |
| Deferred charges and accrued income | 490/1 | - | €1,428 | +€1,428 | |
| Total equity and liabilities | 10/49 | €175,150 | €124,415 | -€50,735 | -29.0% |
| Equity | 10/15 | €2,904 | €2,222 | -€682 | -23.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €904 | €222 | -€682 | -75.5% |
| Amounts payable | 17/49 | €172,246 | €122,193 | -€50,053 | -29.1% |
| Amounts payable after more than one year | 17 | €16,054 | - | -€16,054 | |
| Financial debts | 170/4 | €16,054 | - | -€16,054 | |
| Amounts payable within one year | 42/48 | €156,192 | €122,193 | -€33,999 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €15,926 | €16,054 | +€128 | +0.8% |
| Trade debts | 44 | €16,290 | €10,869 | -€5,421 | -33.3% |
| Suppliers | 440/4 | €16,290 | €10,869 | -€5,421 | -33.3% |
| Taxes, remuneration and social security | 45 | €7,877 | €15,270 | +€7,393 | +93.9% |
| Taxes | 450/3 | €7,877 | €15,270 | +€7,393 | +93.9% |
| Other amounts payable | 47/48 | €116,099 | €80,000 | -€36,099 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375 | €1,413 | +€1,038 | +277% |
| Other operating charges | 640/8 | €670 | €629 | -€41 | -6.1% |
| Gross operating margin | 9900 | €74,220 | €106,333 | +€32,113 | +43.3% |
| Operating profit (loss) | 9901 | €73,175 | €104,291 | +€31,116 | +42.5% |
| Financial charges | 65/66B | €1,264 | €2,430 | +€1,167 | +92.3% |
| Recurring financial charges | 65 | €1,264 | €2,430 | +€1,167 | +92.3% |
| Profit (loss) for the period before taxes | 9903 | €71,911 | €101,861 | +€29,950 | +41.6% |
| Income taxes | 67/77 | €15,064 | €22,543 | +€7,479 | +49.6% |
| Profit (loss) for the period | 9904 | €56,847 | €79,318 | +€22,471 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,847 | €79,318 | +€22,471 | +39.5% |
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 31 October 2026 via checked.be.