IVD 1891: 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.
IVD 1891
Largest movements
- Receivables within one year +€126,053
up €126,053 (+121%), from €103,986 to €230,038
of which Trade receivables: +€96,459
- Financial fixed assets -€30,000
down €30,000 (-40.0%), from €75,000 to €45,000
- Tangible fixed assets +€13,363
up €13,363 (+263%), from €5,074 to €18,437
of which Other tangible fixed assets: +€9,546
- Reserves -€90,000
down €90,000 (-100%), from €90,000 to €0
- Other debts +€85,886
up €85,886 (+62.4%), from €137,651 to €223,537
- Profit (loss) carried forward +€54,806
up €54,806, from €0 to €54,806
- Tax, wage and social debts +€54,146
up €54,146 (+1,555%), from €3,482 to €57,627
of which Taxes: +€54,146
- Gross operating margin +€129,305
up €129,305 (+108%), from €119,891 to €249,196
- Taxes +€35,809
up €35,809 (+150%), from €23,847 to €59,656
- Other operating charges +€8,836
up €8,836 (+1,531%), from €577 to €9,414
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 | €235,097 | €341,842 | +€106,745 | +45.4% |
| Fixed assets | 21/28 | €80,074 | €63,437 | -€16,637 | -20.8% |
| Tangible fixed assets | 22/27 | €5,074 | €18,437 | +€13,363 | +263% |
| Plant, machinery and equipment | 23 | €5,074 | €3,879 | -€1,195 | -23.5% |
| Furniture and vehicles | 24 | - | €5,013 | +€5,013 | |
| Other tangible fixed assets | 26 | - | €9,546 | +€9,546 | |
| Financial fixed assets | 28 | €75,000 | €45,000 | -€30,000 | -40.0% |
| Current assets | 29/58 | €155,023 | €278,404 | +€123,382 | +79.6% |
| Amounts receivable after more than one year | 29 | €33,884 | €32,117 | -€1,767 | -5.2% |
| Other amounts receivable | 291 | €33,884 | €32,117 | -€1,767 | -5.2% |
| Amounts receivable within one year | 40/41 | €103,986 | €230,038 | +€126,053 | +121% |
| Trade receivables | 40 | €97,101 | €193,560 | +€96,459 | +99.3% |
| Other amounts receivable | 41 | €6,885 | €36,478 | +€29,593 | +430% |
| Cash at bank and in hand | 54/58 | €17,153 | €14,575 | -€2,578 | -15.0% |
| Deferred charges and accrued income | 490/1 | - | €1,674 | +€1,674 | |
| Total equity and liabilities | 10/49 | €235,097 | €341,842 | +€106,745 | +45.4% |
| Equity | 10/15 | €93,000 | €57,806 | -€35,194 | -37.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €0 | -€90,000 | -100% |
| Distributable reserves | 133 | €90,000 | €0 | -€90,000 | -100% |
| Profit (loss) carried forward | 14 | €0 | €54,806 | +€54,806 | |
| Amounts payable | 17/49 | €142,097 | €284,036 | +€141,939 | +99.9% |
| Amounts payable within one year | 42/48 | €142,097 | €284,036 | +€141,939 | +99.9% |
| Trade debts | 44 | €964 | €2,871 | +€1,907 | +198% |
| Suppliers | 440/4 | €964 | €2,871 | +€1,907 | +198% |
| Taxes, remuneration and social security | 45 | €3,482 | €57,627 | +€54,146 | +1,555% |
| Taxes | 450/3 | €3,482 | €57,627 | +€54,146 | +1,555% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €137,651 | €223,537 | +€85,886 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €738 | €2,049 | +€1,311 | +178% |
| Other operating charges | 640/8 | €577 | €9,414 | +€8,836 | +1,531% |
| Gross operating margin | 9900 | €119,891 | €249,196 | +€129,305 | +108% |
| Operating profit (loss) | 9901 | €118,576 | €237,734 | +€119,157 | +100% |
| Financial income | 75/76B | €731 | €697 | -€34 | -4.7% |
| Recurring financial income | 75 | €731 | €697 | -€34 | -4.7% |
| Financial charges | 65/66B | €4,711 | €3,968 | -€743 | -15.8% |
| Recurring financial charges | 65 | €4,711 | €3,968 | -€743 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €114,596 | €234,462 | +€119,866 | +105% |
| Income taxes | 67/77 | €23,847 | €59,656 | +€35,809 | +150% |
| Profit (loss) for the period | 9904 | €90,750 | €174,806 | +€84,057 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €90,750 | €174,806 | +€84,057 | +92.6% |
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 20 October 2026 via checked.be.