IVB.TEC: 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.
IVB.TEC
Largest movements
- Tangible fixed assets +€16,001
up €16,001 (+39.5%), from €40,518 to €56,519
of which Furniture and vehicles: +€16,713
- Cash +€5,405
up €5,405 (+9.7%), from €55,522 to €60,927
mainly Net result for the year (+€16,549) and Depreciation (+€16,466)
- Receivables within one year -€3,937
down €3,937 (-20.9%), from €18,814 to €14,877
of which Other amounts receivable: -€4,317
- Reserves +€16,549
up €16,549 (+16.6%), from €99,687 to €116,237
- Trade debts +€2,095
up €2,095 (+122.1%), from €1,716 to €3,811
- Gross operating margin -€19,158
down €19,158 (-31.6%), from €60,612 to €41,453
- Taxes -€5,860
down €5,860 (-45.9%), from €12,770 to €6,910
- Depreciation +€1,927
up €1,927 (+13.3%), from €14,539 to €16,466
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.
Cash bridge derived
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 | €117,316 | €135,357 | +€18,041 | +15.4% |
| Fixed assets | 21/28 | €40,518 | €56,519 | +€16,001 | +39.5% |
| Tangible fixed assets | 22/27 | €40,518 | €56,519 | +€16,001 | +39.5% |
| Plant, machinery and equipment | 23 | €2,283 | €1,572 | -€711 | -31.2% |
| Furniture and vehicles | 24 | €38,235 | €54,948 | +€16,713 | +43.7% |
| Current assets | 29/58 | €76,798 | €78,838 | +€2,040 | +2.7% |
| Amounts receivable within one year | 40/41 | €18,814 | €14,877 | -€3,937 | -20.9% |
| Trade receivables | 40 | €11,676 | €12,057 | +€380 | +3.3% |
| Other amounts receivable | 41 | €7,137 | €2,820 | -€4,317 | -60.5% |
| Cash at bank and in hand | 54/58 | €55,522 | €60,927 | +€5,405 | +9.7% |
| Deferred charges and accrued income | 490/1 | €2,463 | €3,034 | +€572 | +23.2% |
| Total equity and liabilities | 10/49 | €117,316 | €135,357 | +€18,041 | +15.4% |
| Equity | 10/15 | €102,187 | €118,737 | +€16,549 | +16.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €99,687 | €116,237 | +€16,549 | +16.6% |
| Distributable reserves | 133 | €99,687 | €116,237 | +€16,549 | +16.6% |
| Amounts payable | 17/49 | €15,128 | €16,620 | +€1,492 | +9.9% |
| Amounts payable within one year | 42/48 | €15,097 | €16,514 | +€1,416 | +9.4% |
| Trade debts | 44 | €1,716 | €3,811 | +€2,095 | +122.1% |
| Suppliers | 440/4 | €1,716 | €3,811 | +€2,095 | +122.1% |
| Taxes, remuneration and social security | 45 | €10,601 | €10,285 | -€315 | -3.0% |
| Taxes | 450/3 | €8,101 | €7,786 | -€315 | -3.9% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €2,780 | €2,417 | -€363 | -13.1% |
| Accrued charges and deferred income | 492/3 | €31 | €107 | +€76 | +243.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,539 | €16,466 | +€1,927 | +13.3% |
| Other operating charges | 640/8 | €1,795 | €1,458 | -€337 | -18.8% |
| Gross operating margin | 9900 | €60,612 | €41,453 | -€19,158 | -31.6% |
| Operating profit (loss) | 9901 | €44,278 | €23,530 | -€20,748 | -46.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +333.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +333.3% |
| Financial charges | 65/66B | €69 | €71 | +€2 | +2.8% |
| Recurring financial charges | 65 | €69 | €71 | +€2 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €44,209 | €23,459 | -€20,750 | -46.9% |
| Income taxes | 67/77 | €12,770 | €6,910 | -€5,860 | -45.9% |
| Profit (loss) for the period | 9904 | €31,439 | €16,549 | -€14,889 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,439 | €16,549 | -€14,889 | -47.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.