IVAN: 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.
IVAN
Largest movements
- Cash -€35,777
down €35,777 (-67.6%), from €52,963 to €17,186
mainly Net result for the year (-€30,442) and Investment in fixed assets (net) (-€15,497)
- Tangible fixed assets +€11,532
up €11,532 (+58.0%), from €19,872 to €31,404
of which Leasing and similar rights: +€6,102
- Receivables within one year -€10,369
down €10,369 (-53.3%), from €19,446 to €9,078
- Stocks and contracts +€1,750
up €1,750 (+121%), from €1,446 to €3,196
- Profit (loss) carried forward -€30,442
down €30,442 (-444%), from -€6,849 to -€37,291
- Other debts -€7,067
down €7,067 (-55.4%), from €12,765 to €5,698
- Debts after one year +€5,049
new in 2025: €5,049
- Trade debts -€4,756
down €4,756 (-9.6%), from €49,580 to €44,824
- Tax, wage and social debts +€3,249
up €3,249 (+17.3%), from €18,832 to €22,081
of which Remuneration and social security: +€6,364
- Staff costs +€42,333
up €42,333 (+87.7%), from €48,290 to €90,623
- Taxes -€36,041
down €36,041 (-99.6%), from €36,179 to €138
- Gross operating margin -€12,251
down €12,251 (-14.5%), from €84,718 to €72,467
- Other operating charges -€3,645
down €3,645 (-36.7%), from €9,939 to €6,294
- Financial charges -€1,363
down €1,363 (-40.0%), from €3,406 to €2,043
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 | €94,328 | €61,464 | -€32,864 | -34.8% |
| Fixed assets | 21/28 | €20,472 | €32,004 | +€11,532 | +56.3% |
| Tangible fixed assets | 22/27 | €19,872 | €31,404 | +€11,532 | +58.0% |
| Land and buildings | 22 | €7,017 | €6,516 | -€500 | -7.1% |
| Plant, machinery and equipment | 23 | €11,770 | €15,892 | +€4,122 | +35.0% |
| Furniture and vehicles | 24 | €1,085 | €2,893 | +€1,808 | +167% |
| Leasing and similar rights | 25 | - | €6,102 | +€6,102 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €73,856 | €29,460 | -€44,396 | -60.1% |
| Stocks and contracts in progress | 3 | €1,446 | €3,196 | +€1,750 | +121% |
| Stocks | 30/36 | €1,446 | €3,196 | +€1,750 | +121% |
| Amounts receivable within one year | 40/41 | €19,446 | €9,078 | -€10,369 | -53.3% |
| Trade receivables | 40 | €19,446 | €9,078 | -€10,369 | -53.3% |
| Cash at bank and in hand | 54/58 | €52,963 | €17,186 | -€35,777 | -67.6% |
| Total equity and liabilities | 10/49 | €94,328 | €61,464 | -€32,864 | -34.8% |
| Equity | 10/15 | €13,151 | -€17,291 | -€30,442 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,849 | -€37,291 | -€30,442 | -444% |
| Amounts payable | 17/49 | €81,177 | €78,755 | -€2,422 | -3.0% |
| Amounts payable after more than one year | 17 | - | €5,049 | +€5,049 | |
| Financial debts | 170/4 | - | €5,049 | +€5,049 | |
| Amounts payable within one year | 42/48 | €81,177 | €73,706 | -€7,471 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | - | €1,102 | +€1,102 | |
| Trade debts | 44 | €49,580 | €44,824 | -€4,756 | -9.6% |
| Suppliers | 440/4 | €49,580 | €44,824 | -€4,756 | -9.6% |
| Taxes, remuneration and social security | 45 | €18,832 | €22,081 | +€3,249 | +17.3% |
| Taxes | 450/3 | €11,980 | €8,865 | -€3,115 | -26.0% |
| Remuneration and social security | 454/9 | €6,853 | €13,217 | +€6,364 | +92.9% |
| Other amounts payable | 47/48 | €12,765 | €5,698 | -€7,067 | -55.4% |
| Remuneration, social security and pensions | 62 | €48,290 | €90,623 | +€42,333 | +87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,524 | €3,965 | +€442 | +12.5% |
| Other operating charges | 640/8 | €9,939 | €6,294 | -€3,645 | -36.7% |
| Gross operating margin | 9900 | €84,718 | €72,467 | -€12,251 | -14.5% |
| Operating profit (loss) | 9901 | €22,965 | -€28,416 | -€51,381 | |
| Financial income | 75/76B | €8 | €155 | +€147 | +1,790% |
| Recurring financial income | 75 | €8 | €155 | +€147 | +1,790% |
| Financial charges | 65/66B | €3,406 | €2,043 | -€1,363 | -40.0% |
| Recurring financial charges | 65 | €3,406 | €2,043 | -€1,363 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €19,567 | -€30,304 | -€49,871 | |
| Income taxes | 67/77 | €36,179 | €138 | -€36,041 | -99.6% |
| Profit (loss) for the period | 9904 | -€16,613 | -€30,442 | -€13,830 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,613 | -€30,442 | -€13,830 | -83.2% |
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.