IVCE Services: 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.
What changed
IVCE Services
NACE 82.100, Office administrative and support services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€10.4m
2023 · -€8.5m-€1.9m
Equity
-€18.3m
2023 · -€7.9m-€10.4m
Cash
€2.0m
2023 · €3.4m-€1.4m
Balance sheet total
€105.6m
2023 · €80.3m+€25.3m
Largest movements
Assets
- Receivables within one year +€27.2m
up €27.2m (+77.0%), from €35.3m to €62.5m
of which Other amounts receivable: +€27.0m
- Financial fixed assets -€9.0m
down €9.0m (-40.5%), from €22.2m to €13.2m
- Intangible fixed assets +€7.3m
up €7.3m (+49.7%), from €14.6m to €21.9m
- Cash -€1.4m
down €1.4m (-41.7%), from €3.4m to €2.0m
mainly Receivables within one year (-€27.2m) and Net result for the year (-€10.4m)
Equity and liabilities
- Other debts +€33.9m
up €33.9m (+40.3%), from €84.0m to €117.8m
- Profit (loss) carried forward -€10.4m
down €10.4m (-107%), from -€9.8m to -€20.2m
Income statement
- Turnover +€14.3m
up €14.3m (+40.4%), from €35.3m to €49.6m
- Services and other goods +€5.6m
up €5.6m (+61.2%), from €9.1m to €14.7m
- Goods and materials +€5.5m
up €5.5m (+29.0%), from €18.9m to €24.4m
of which Purchases: +€5.8m
- Depreciation +€3.5m
up €3.5m (+65.2%), from €5.3m to €8.8m
- Staff costs +€2.1m
up €2.1m (+39.8%), from €5.3m to €7.5m
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.
Result 2023
-€8.5m
Turnover
+€14.3m
Other operating income
+€43,382
Goods and materials
-€5.5m
Services and other goods
-€5.6m
Staff costs
-€2.1m
Depreciation
-€3.5m
Write-downs
-€345,237
Other operating charges
-€1.1m
Other operating items
+€1.5m
Financial income
+€2.1m
Financial charges
-€1.8m
Taxes
+€53,596
Result 2024
-€10.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€6.0m
Investment
-€7.4m
Financing
€0
Cash 2023
€3.4m
From operations (derived)
+€6.0m
Net result for the year
-€10.4m
Depreciation
+€8.8m
Stocks and contracts
-€620,735
Receivables within one year
-€27.2m
Deferred charges and accrued income
-€312,208
Trade debts
+€967,018
Tax, wage and social debts
+€916,478
Other debts
+€33.9m
Accrued charges and deferred income
-€0
Investment (derived)
-€7.4m
Investment in fixed assets (net)
-€7.4m
Cash 2024
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,254,585 | €105,551,943 | +€25.3m | +31.5% |
| Fixed assets | 21/28 | €39,719,922 | €38,335,486 | -€1.4m | -3.5% |
| Intangible fixed assets | 21 | €14,649,511 | €21,923,248 | +€7.3m | +49.7% |
| Tangible fixed assets | 22/27 | €2,838,409 | €3,193,563 | +€355,154 | +12.5% |
| Land and buildings | 22 | - | €45,418 | +€45,418 | |
| Plant, machinery and equipment | 23 | €45,270 | €38,247 | -€7,023 | -15.5% |
| Furniture and vehicles | 24 | €1,573,399 | €2,162,259 | +€588,860 | +37.4% |
| Leasing and similar rights | 25 | €607,413 | €793,806 | +€186,394 | +30.7% |
| Assets under construction and advance payments | 27 | €612,328 | €153,832 | -€458,495 | -74.9% |
| Financial fixed assets | 28 | €22,232,002 | €13,218,675 | -€9.0m | -40.5% |
| Affiliated companies | 280/1 | €22,232,002 | €13,218,675 | -€9.0m | -40.5% |
| Participating interests | 280 | €22,232,002 | €13,218,675 | -€9.0m | -40.5% |
| Current assets | 29/58 | €40,534,664 | €67,216,457 | +€26.7m | +65.8% |
| Stocks and contracts in progress | 3 | €1,563,114 | €2,183,849 | +€620,735 | +39.7% |
| Stocks | 30/36 | €1,563,114 | €2,183,849 | +€620,735 | +39.7% |
| Goods purchased for resale | 34 | €1,563,114 | €2,183,849 | +€620,735 | +39.7% |
| Amounts receivable within one year | 40/41 | €35,312,214 | €62,491,651 | +€27.2m | +77.0% |
| Trade receivables | 40 | €774,403 | €942,717 | +€168,314 | +21.7% |
| Other amounts receivable | 41 | €34,537,811 | €61,548,935 | +€27.0m | +78.2% |
| Cash at bank and in hand | 54/58 | €3,431,819 | €2,001,232 | -€1.4m | -41.7% |
| Deferred charges and accrued income | 490/1 | €227,517 | €539,725 | +€312,208 | +137% |
| Total equity and liabilities | 10/49 | €80,254,585 | €105,551,943 | +€25.3m | +31.5% |
| Equity | 10/15 | -€7,869,690 | -€18,306,151 | -€10.4m | -133% |
| Contributions | 10/11 | €470,020 | €470,020 | = | 0.0% |
| Reserves | 13 | €1,448,489 | €1,448,489 | = | 0.0% |
| Distributable reserves | 133 | €1,448,489 | €1,448,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,788,199 | -€20,224,660 | -€10.4m | -107% |
| Amounts payable | 17/49 | €88,124,276 | €123,858,094 | +€35.7m | +40.5% |
| Amounts payable within one year | 42/48 | €88,124,276 | €123,858,094 | +€35.7m | +40.5% |
| Trade debts | 44 | €3,825,631 | €4,792,649 | +€967,018 | +25.3% |
| Suppliers | 440/4 | €3,825,631 | €4,792,649 | +€967,018 | +25.3% |
| Taxes, remuneration and social security | 45 | €334,555 | €1,251,033 | +€916,478 | +274% |
| Taxes | 450/3 | €0 | €316,809 | +€316,809 | |
| Remuneration and social security | 454/9 | €334,555 | €934,224 | +€599,669 | +179% |
| Other amounts payable | 47/48 | €83,964,089 | €117,814,412 | +€33.9m | +40.3% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | -€0 | -100% |
| Operating income | 70/76A | €35,386,603 | €49,665,182 | +€14.3m | +40.4% |
| Turnover | 70 | €35,334,183 | €49,613,924 | +€14.3m | +40.4% |
| Other operating income | 74 | €1,772 | €45,153 | +€43,382 | +2,449% |
| Non-recurring operating income | 76A | €50,648 | €6,104 | -€44,544 | -87.9% |
| Operating charges | 60/66A | €40,503,800 | €57,050,452 | +€16.5m | +40.9% |
| Goods for resale, raw materials and consumables | 60 | €18,922,579 | €24,402,505 | +€5.5m | +29.0% |
| Purchases | 600/8 | €19,257,324 | €25,023,240 | +€5.8m | +29.9% |
| Change in stocks: decrease (increase) | 609 | -€334,744 | -€620,735 | -€285,991 | -85.4% |
| Services and other goods | 61 | €9,101,162 | €14,673,869 | +€5.6m | +61.2% |
| Remuneration, social security and pensions | 62 | €5,344,135 | €7,472,738 | +€2.1m | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,328,243 | €8,802,737 | +€3.5m | +65.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,741 | €328,496 | +€345,237 | |
| Other operating charges | 640/8 | €285,379 | €1,370,108 | +€1.1m | +380% |
| Non-recurring operating charges | 66A | €1,539,042 | €0 | -€1.5m | -100% |
| Operating profit (loss) | 9901 | -€5,117,197 | -€7,385,271 | -€2.3m | -44.3% |
| Financial income | 75/76B | €75,700 | €2,165,929 | +€2.1m | +2,761% |
| Recurring financial income | 75 | €75,700 | €2,165,929 | +€2.1m | +2,761% |
| Income from current assets | 751 | €0 | €2,053,038 | +€2.1m | |
| Other financial income | 752/9 | €75,700 | €112,891 | +€37,191 | +49.1% |
| Financial charges | 65/66B | €3,398,310 | €5,217,118 | +€1.8m | +53.5% |
| Recurring financial charges | 65 | €2,707,326 | €5,217,118 | +€2.5m | +92.7% |
| Debt charges | 650 | €2,515,069 | €4,919,334 | +€2.4m | +95.6% |
| Other financial charges | 652/9 | €192,257 | €297,784 | +€105,528 | +54.9% |
| Non-recurring financial charges | 66B | €690,984 | €0 | -€690,984 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€8,439,807 | -€10,436,460 | -€2.0m | -23.7% |
| Income taxes | 67/77 | €53,596 | €0 | -€53,596 | -100% |
| Taxes | 670/3 | €53,596 | €0 | -€53,596 | -100% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,493,403 | -€10,436,460 | -€1.9m | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,493,403 | -€10,436,460 | -€1.9m | -22.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.