IVD Business Consultancy: 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 Business Consultancy
Largest movements
- Current investments +€100,000
up €100,000 (+28.6%), from €350,000 to €450,000
- Receivables within one year -€30,026
down €30,026 (-45.5%), from €66,056 to €36,030
of which Trade receivables: -€30,026
- Cash +€22,981
up €22,981 (+25.4%), from €90,599 to €113,580
mainly Other debts (+€256,480) and Net result for the year (+€134,016)
- Tangible fixed assets -€12,834
down €12,834 (-66.5%), from €19,294 to €6,460
- Other debts +€256,480
up €256,480 (+19,351%), from €1,325 to €257,805
- Reserves -€165,984
down €165,984 (-34.8%), from €476,685 to €310,700
- Current portion of long-term debt -€7,381
down €7,381 (-58.0%), from €12,716 to €5,336
- Gross operating margin -€26,647
down €26,647 (-12.8%), from €208,058 to €181,411
- Taxes -€6,871
down €6,871 (-14.9%), from €46,198 to €39,327
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 | €528,385 | €608,364 | +€79,978 | +15.1% |
| Fixed assets | 21/28 | €19,294 | €6,460 | -€12,834 | -66.5% |
| Tangible fixed assets | 22/27 | €19,294 | €6,460 | -€12,834 | -66.5% |
| Furniture and vehicles | 24 | €19,294 | €6,460 | -€12,834 | -66.5% |
| Current assets | 29/58 | €509,092 | €601,904 | +€92,813 | +18.2% |
| Amounts receivable within one year | 40/41 | €66,056 | €36,030 | -€30,026 | -45.5% |
| Trade receivables | 40 | €66,056 | €36,030 | -€30,026 | -45.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €350,000 | €450,000 | +€100,000 | +28.6% |
| Cash at bank and in hand | 54/58 | €90,599 | €113,580 | +€22,981 | +25.4% |
| Deferred charges and accrued income | 490/1 | €2,436 | €2,294 | -€142 | -5.8% |
| Total equity and liabilities | 10/49 | €528,385 | €608,364 | +€79,978 | +15.1% |
| Equity | 10/15 | €478,185 | €312,200 | -€165,984 | -34.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €476,685 | €310,700 | -€165,984 | -34.8% |
| Distributable reserves | 133 | €476,685 | €310,700 | -€165,984 | -34.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €50,201 | €296,163 | +€245,963 | +490% |
| Amounts payable after more than one year | 17 | €5,336 | €0 | -€5,336 | -100% |
| Financial debts | 170/4 | €5,336 | €0 | -€5,336 | -100% |
| Amounts payable within one year | 42/48 | €44,171 | €295,118 | +€250,947 | +568% |
| Current portion of amounts payable after more than one year | 42 | €12,716 | €5,336 | -€7,381 | -58.0% |
| Trade debts | 44 | €1,072 | €758 | -€314 | -29.3% |
| Suppliers | 440/4 | €1,072 | €758 | -€314 | -29.3% |
| Taxes, remuneration and social security | 45 | €29,057 | €31,219 | +€2,162 | +7.4% |
| Taxes | 450/3 | €29,057 | €31,219 | +€2,162 | +7.4% |
| Other amounts payable | 47/48 | €1,325 | €257,805 | +€256,480 | +19,351% |
| Accrued charges and deferred income | 492/3 | €694 | €1,045 | +€351 | +50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,835 | €14,023 | +€188 | +1.4% |
| Other operating charges | 640/8 | €792 | €817 | +€25 | +3.1% |
| Gross operating margin | 9900 | €208,058 | €181,411 | -€26,647 | -12.8% |
| Operating profit (loss) | 9901 | €193,431 | €166,571 | -€26,860 | -13.9% |
| Financial income | 75/76B | €7,732 | €7,785 | +€54 | +0.7% |
| Recurring financial income | 75 | €7,732 | €7,785 | +€54 | +0.7% |
| Financial charges | 65/66B | €573 | €1,013 | +€440 | +76.8% |
| Recurring financial charges | 65 | €573 | €1,013 | +€440 | +76.8% |
| Profit (loss) for the period before taxes | 9903 | €200,590 | €173,343 | -€27,247 | -13.6% |
| Income taxes | 67/77 | €46,198 | €39,327 | -€6,871 | -14.9% |
| Profit (loss) for the period | 9904 | €154,391 | €134,016 | -€20,376 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €154,391 | €134,016 | -€20,376 | -13.2% |
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 15 October 2026 via checked.be.