iv2i: 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.
iv2i
Largest movements
- Tangible fixed assets -€24,691
down €24,691 (-3.8%), from €642,818 to €618,127
of which Furniture and vehicles: -€30,860
- Debts after one year -€90,629
down €90,629 (-25.4%), from €357,368 to €266,739
- Reserves +€80,200
up €80,200 (+21.5%), from €373,034 to €453,234
of which Distributable reserves: +€82,188
- Tax, wage and social debts -€13,294
down €13,294 (-69.8%), from €19,047 to €5,753
- Depreciation +€5,679
up €5,679 (+10.2%), from €55,816 to €61,495
- Financial charges -€3,558
down €3,558 (-29.1%), from €12,241 to €8,683
- Other operating charges +€2,630
up €2,630 (+69.3%), from €3,798 to €6,428
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 | €875,037 | €848,112 | -€26,925 | -3.1% |
| Fixed assets | 21/28 | €642,818 | €618,127 | -€24,691 | -3.8% |
| Tangible fixed assets | 22/27 | €642,818 | €618,127 | -€24,691 | -3.8% |
| Land and buildings | 22 | €542,071 | €548,241 | +€6,170 | +1.1% |
| Furniture and vehicles | 24 | €100,747 | €69,887 | -€30,860 | -30.6% |
| Current assets | 29/58 | €232,219 | €229,985 | -€2,234 | -1.0% |
| Amounts receivable within one year | 40/41 | €2,757 | €2,576 | -€181 | -6.6% |
| Other amounts receivable | 41 | €2,757 | €2,576 | -€181 | -6.6% |
| Cash at bank and in hand | 54/58 | €223,974 | €224,957 | +€983 | +0.4% |
| Deferred charges and accrued income | 490/1 | €5,488 | €2,453 | -€3,035 | -55.3% |
| Total equity and liabilities | 10/49 | €875,037 | €848,112 | -€26,925 | -3.1% |
| Equity | 10/15 | €378,828 | €459,028 | +€80,200 | +21.2% |
| Contributions | 10/11 | €5,794 | €5,794 | -€0 | 0.0% |
| Reserves | 13 | €373,034 | €453,234 | +€80,200 | +21.5% |
| Tax-exempt reserves | 132 | €37,432 | €35,444 | -€1,988 | -5.3% |
| Distributable reserves | 133 | €335,602 | €417,790 | +€82,188 | +24.5% |
| Provisions and deferred taxes | 16 | €19,283 | €18,259 | -€1,024 | -5.3% |
| Deferred taxes | 168 | €19,283 | €18,259 | -€1,024 | -5.3% |
| Amounts payable | 17/49 | €476,926 | €370,826 | -€106,100 | -22.2% |
| Amounts payable after more than one year | 17 | €357,368 | €266,739 | -€90,629 | -25.4% |
| Financial debts | 170/4 | €357,368 | €266,739 | -€90,629 | -25.4% |
| Amounts payable within one year | 42/48 | €119,558 | €104,087 | -€15,471 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €90,779 | €90,629 | -€150 | -0.2% |
| Trade debts | 44 | €3,901 | €2,262 | -€1,639 | -42.0% |
| Suppliers | 440/4 | €1,892 | €2,262 | +€370 | +19.5% |
| Bills of exchange payable | 441 | €2,009 | - | -€2,009 | |
| Taxes, remuneration and social security | 45 | €19,047 | €5,753 | -€13,294 | -69.8% |
| Taxes | 450/3 | €19,047 | €5,753 | -€13,294 | -69.8% |
| Other amounts payable | 47/48 | €5,831 | €5,443 | -€388 | -6.7% |
| Non-recurring operating income | 76A | - | €9,507 | +€9,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,816 | €61,495 | +€5,679 | +10.2% |
| Other operating charges | 640/8 | €3,798 | €6,428 | +€2,630 | +69.3% |
| Gross operating margin | 9900 | €182,391 | €182,745 | +€354 | +0.2% |
| Operating profit (loss) | 9901 | €122,777 | €114,822 | -€7,955 | -6.5% |
| Financial income | 75/76B | €13 | €690 | +€677 | +5,206% |
| Recurring financial income | 75 | €13 | €690 | +€677 | +5,206% |
| Financial charges | 65/66B | €12,241 | €8,683 | -€3,558 | -29.1% |
| Recurring financial charges | 65 | €12,241 | €8,683 | -€3,558 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €110,549 | €106,830 | -€3,719 | -3.4% |
| Transfer from deferred taxes | 780 | €1,024 | €1,024 | = | 0.0% |
| Income taxes | 67/77 | €28,722 | €27,654 | -€1,068 | -3.7% |
| Profit (loss) for the period | 9904 | €82,851 | €80,200 | -€2,651 | -3.2% |
| Transfer from tax-exempt reserves | 789 | €1,988 | €1,988 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,839 | €82,188 | -€2,651 | -3.1% |
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 19 October 2026 via checked.be.