IVATRA: 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.
IVATRA
Largest movements
- Receivables within one year +€23,704
up €23,704 (+304.9%), from €7,775 to €31,479
of which Trade receivables: +€24,853
- Cash +€11,832
up €11,832 (+479.4%), from €2,468 to €14,300
mainly Trade debts (+€35,948) and Depreciation (+€23,061)
- Tangible fixed assets -€3,061
down €3,061 (-10.3%), from €29,591 to €26,530
of which Plant, machinery and equipment: -€3,638
- Deferred charges and accrued income -€1,786
down €1,786 (-100.0%), from €1,786 to €0
- Trade debts +€35,948
up €35,948 (+594.9%), from €6,043 to €41,991
- Current portion of long-term debt -€8,475
down €8,475 (-100.0%), from €8,475 to €0
- Profit (loss) carried forward +€7,471
up €7,471 (+9.7%), from -€76,783 to -€69,312
- Other debts -€3,061
down €3,061 (-25.8%), from €11,844 to €8,783
- Tax, wage and social debts -€1,000
down €1,000 (-100.0%), from €1,000 to €0
of which Remuneration and social security: -€1,000
- Gross operating margin +€28,522
up €28,522 (+112.2%), from €25,417 to €53,940
- Depreciation -€9,059
down €9,059 (-28.2%), from €32,120 to €23,061
- Other operating charges +€3,316
up €3,316 (+16.9%), from €19,610 to €22,926
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,780 | €72,469 | +€30,689 | +73.5% |
| Fixed assets | 21/28 | €29,751 | €26,690 | -€3,061 | -10.3% |
| Tangible fixed assets | 22/27 | €29,591 | €26,530 | -€3,061 | -10.3% |
| Plant, machinery and equipment | 23 | €12,844 | €9,206 | -€3,638 | -28.3% |
| Furniture and vehicles | 24 | €16,747 | €17,324 | +€577 | +3.4% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €12,029 | €45,779 | +€33,750 | +280.6% |
| Amounts receivable within one year | 40/41 | €7,775 | €31,479 | +€23,704 | +304.9% |
| Trade receivables | 40 | €6,018 | €30,871 | +€24,853 | +413.0% |
| Other amounts receivable | 41 | €1,757 | €608 | -€1,150 | -65.4% |
| Cash at bank and in hand | 54/58 | €2,468 | €14,300 | +€11,832 | +479.4% |
| Deferred charges and accrued income | 490/1 | €1,786 | €0 | -€1,786 | -100.0% |
| Total equity and liabilities | 10/49 | €41,780 | €72,469 | +€30,689 | +73.5% |
| Equity | 10/15 | €14,224 | €21,695 | +€7,471 | +52.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €84,807 | €84,807 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €69,338 | €69,338 | = | 0.0% |
| Distributable reserves | 133 | €13,610 | €13,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,783 | -€69,312 | +€7,471 | +9.7% |
| Amounts payable | 17/49 | €27,555 | €50,774 | +€23,219 | +84.3% |
| Amounts payable after more than one year | 17 | €193 | €0 | -€193 | -100.0% |
| Financial debts | 170/4 | €193 | €0 | -€193 | -100.0% |
| Amounts payable within one year | 42/48 | €27,362 | €50,774 | +€23,412 | +85.6% |
| Current portion of amounts payable after more than one year | 42 | €8,475 | €0 | -€8,475 | -100.0% |
| Trade debts | 44 | €6,043 | €41,991 | +€35,948 | +594.9% |
| Suppliers | 440/4 | €6,043 | €41,991 | +€35,948 | +594.9% |
| Taxes, remuneration and social security | 45 | €1,000 | €0 | -€1,000 | -100.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100.0% |
| Other amounts payable | 47/48 | €11,844 | €8,783 | -€3,061 | -25.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,120 | €23,061 | -€9,059 | -28.2% |
| Other operating charges | 640/8 | €19,610 | €22,926 | +€3,316 | +16.9% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Gross operating margin | 9900 | €25,417 | €53,940 | +€28,522 | +112.2% |
| Operating profit (loss) | 9901 | -€26,312 | €7,953 | +€34,265 | |
| Financial income | 75/76B | €14 | €7 | -€7 | -52.4% |
| Recurring financial income | 75 | €14 | €7 | -€7 | -52.4% |
| Financial charges | 65/66B | €705 | €489 | -€216 | -30.6% |
| Recurring financial charges | 65 | €705 | €489 | -€216 | -30.6% |
| Non-recurring financial charges | 66B | - | €489 | +€489 | |
| Profit (loss) for the period before taxes | 9903 | -€27,003 | €7,471 | +€34,473 | |
| Profit (loss) for the period | 9904 | -€27,003 | €7,471 | +€34,473 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,003 | €7,471 | +€34,473 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.