IVA3: what changed
Two fiscal 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.
IVA3
Largest movements
- Receivables within one year +€69,346
up €69,346 (+533.4%), from €13,000 to €82,346
of which Trade receivables: +€73,500
- Cash +€27,551
up €27,551 (+106.2%), from €25,933 to €53,484
mainly Net result for the year (+€107,528) and Other debts (+€57,052)
- Deferred charges and accrued income -€2,132
down €2,132 (-33.3%), from €6,406 to €4,274
- Other debts +€57,052
up €57,052 (+121.8%), from €46,851 to €103,903
- Tax, wage and social debts +€34,199
up €34,199 (+242.1%), from €14,128 to €48,327
of which Taxes: +€35,466
- Profit (loss) carried forward +€2,528
up €2,528 (+73.0%), from €3,464 to €5,992
- Gross operating margin +€108,162
up €108,162 (+299.0%), from €36,175 to €144,337
- Taxes +€24,720
up €24,720 (+356.0%), from €6,945 to €31,664
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,249 | €165,400 | +€93,152 | +128.9% |
| Fixed assets | 21/28 | €26,909 | €25,296 | -€1,614 | -6.0% |
| Tangible fixed assets | 22/27 | €1,909 | €296 | -€1,614 | -84.5% |
| Furniture and vehicles | 24 | €1,909 | €296 | -€1,614 | -84.5% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €45,339 | €140,104 | +€94,765 | +209.0% |
| Amounts receivable within one year | 40/41 | €13,000 | €82,346 | +€69,346 | +533.4% |
| Trade receivables | 40 | €8,000 | €81,500 | +€73,500 | +918.8% |
| Other amounts receivable | 41 | €5,000 | €846 | -€4,154 | -83.1% |
| Cash at bank and in hand | 54/58 | €25,933 | €53,484 | +€27,551 | +106.2% |
| Deferred charges and accrued income | 490/1 | €6,406 | €4,274 | -€2,132 | -33.3% |
| Total equity and liabilities | 10/49 | €72,249 | €165,400 | +€93,152 | +128.9% |
| Equity | 10/15 | €9,664 | €12,192 | +€2,528 | +26.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,464 | €5,992 | +€2,528 | +73.0% |
| Amounts payable | 17/49 | €62,585 | €153,208 | +€90,624 | +144.8% |
| Amounts payable within one year | 42/48 | €62,585 | €153,208 | +€90,624 | +144.8% |
| Trade debts | 44 | €1,606 | €978 | -€627 | -39.1% |
| Suppliers | 440/4 | €1,606 | €978 | -€627 | -39.1% |
| Taxes, remuneration and social security | 45 | €14,128 | €48,327 | +€34,199 | +242.1% |
| Taxes | 450/3 | €12,861 | €48,327 | +€35,466 | +275.8% |
| Remuneration and social security | 454/9 | €1,267 | - | -€1,267 | |
| Other amounts payable | 47/48 | €46,851 | €103,903 | +€57,052 | +121.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,614 | €1,614 | -€0 | 0.0% |
| Other operating charges | 640/8 | €774 | €1,759 | +€985 | +127.2% |
| Gross operating margin | 9900 | €36,175 | €144,337 | +€108,162 | +299.0% |
| Operating profit (loss) | 9901 | €33,787 | €140,965 | +€107,178 | +317.2% |
| Financial charges | 65/66B | €2,125 | €1,773 | -€352 | -16.6% |
| Recurring financial charges | 65 | €2,125 | €1,773 | -€352 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €31,662 | €139,192 | +€107,530 | +339.6% |
| Income taxes | 67/77 | €6,945 | €31,664 | +€24,720 | +356.0% |
| Profit (loss) for the period | 9904 | €24,718 | €107,528 | +€82,810 | +335.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,718 | €107,528 | +€82,810 | +335.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.