IV@X: 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@X
Largest movements
- Deferred charges and accrued income +€5,110
up €5,110 (+7.5%), from €68,265 to €73,375
- Receivables after one year -€4,600
down €4,600 (-2.8%), from €163,400 to €158,800
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€170
up €170 (+7.6%), from -€2,225 to -€2,055
- Financial income -€142
down €142 (-2.8%), from €5,160 to €5,018
- Financial charges +€69
up €69 (+5.2%), from €1,322 to €1,390
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,949 | €232,460 | +€511 | +0.2% |
| Current assets | 29/58 | €231,949 | €232,460 | +€511 | +0.2% |
| Amounts receivable after more than one year | 29 | €163,400 | €158,800 | -€4,600 | -2.8% |
| Other amounts receivable | 291 | €163,400 | €158,800 | -€4,600 | -2.8% |
| Current investments | 50/53 | €284 | €285 | +€0 | +0.2% |
| Deferred charges and accrued income | 490/1 | €68,265 | €73,375 | +€5,110 | +7.5% |
| Total equity and liabilities | 10/49 | €231,949 | €232,460 | +€511 | +0.2% |
| Equity | 10/15 | €215,719 | €216,422 | +€703 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €206,295 | €206,995 | +€700 | +0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €204,435 | €205,135 | +€700 | +0.3% |
| Profit (loss) carried forward | 14 | €3,225 | €3,227 | +€3 | +0.1% |
| Amounts payable | 17/49 | €16,230 | €16,038 | -€192 | -1.2% |
| Amounts payable within one year | 42/48 | €15,933 | €15,738 | -€195 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €5,100 | €5,100 | = | 0.0% |
| Financial debts | 43 | €9,759 | €9,907 | +€148 | +1.5% |
| Credit institutions | 430/8 | €9,759 | €9,907 | +€148 | +1.5% |
| Trade debts | 44 | €424 | €350 | -€74 | -17.4% |
| Suppliers | 440/4 | €424 | €350 | -€74 | -17.4% |
| Taxes, remuneration and social security | 45 | €367 | €363 | -€5 | -1.3% |
| Taxes | 450/3 | €367 | €363 | -€5 | -1.3% |
| Other amounts payable | 47/48 | €283 | €18 | -€265 | -93.6% |
| Accrued charges and deferred income | 492/3 | €297 | €300 | +€3 | +1.0% |
| Other operating charges | 640/8 | €511 | €510 | -€1 | -0.1% |
| Gross operating margin | 9900 | -€2,225 | -€2,055 | +€170 | +7.6% |
| Operating profit (loss) | 9901 | -€2,736 | -€2,566 | +€170 | +6.2% |
| Financial income | 75/76B | €5,160 | €5,018 | -€142 | -2.8% |
| Recurring financial income | 75 | €5,160 | €5,018 | -€142 | -2.8% |
| Financial charges | 65/66B | €1,322 | €1,390 | +€69 | +5.2% |
| Recurring financial charges | 65 | €1,322 | €1,390 | +€69 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €1,102 | €1,062 | -€41 | -3.7% |
| Income taxes | 67/77 | €376 | €359 | -€16 | -4.4% |
| Profit (loss) for the period | 9904 | €727 | €703 | -€24 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €727 | €703 | -€24 | -3.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.