IVD-Reno: 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-Reno
Largest movements
- Receivables within one year +€21,819
up €21,819 (+41.1%), from €53,118 to €74,937
of which Trade receivables: +€13,898
- Tangible fixed assets +€20,107
up €20,107 (+4.0%), from €497,319 to €517,426
of which Leasing and similar rights: +€31,193
- Trade debts +€48,309
up €48,309 (+1,679%), from €2,877 to €51,186
- Reserves -€37,359
down €37,359 (-33.4%), from €111,925 to €74,566
- Other debts +€22,063
up €22,063 (+26.6%), from €82,830 to €104,894
- Gross operating margin -€67,993
down €67,993 (-56.9%), from €119,453 to €51,460
- Other operating charges +€3,273
up €3,273 (+86.7%), from €3,773 to €7,046
- Staff costs -€1,948
down €1,948 (-3.9%), from €50,379 to €48,431
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 | €590,603 | €632,048 | +€41,445 | +7.0% |
| Fixed assets | 21/28 | €502,618 | €520,959 | +€18,341 | +3.6% |
| Intangible fixed assets | 21 | €5,299 | €3,532 | -€1,766 | -33.3% |
| Tangible fixed assets | 22/27 | €497,319 | €517,426 | +€20,107 | +4.0% |
| Land and buildings | 22 | €489,182 | €474,797 | -€14,384 | -2.9% |
| Plant, machinery and equipment | 23 | €6,920 | €5,937 | -€983 | -14.2% |
| Furniture and vehicles | 24 | €1,217 | €5,500 | +€4,282 | +352% |
| Leasing and similar rights | 25 | - | €31,193 | +€31,193 | |
| Current assets | 29/58 | €87,985 | €111,089 | +€23,104 | +26.3% |
| Stocks and contracts in progress | 3 | €20,400 | €25,600 | +€5,200 | +25.5% |
| Stocks | 30/36 | €8,400 | €9,600 | +€1,200 | +14.3% |
| Contracts in progress | 37 | €12,000 | €16,000 | +€4,000 | +33.3% |
| Amounts receivable within one year | 40/41 | €53,118 | €74,937 | +€21,819 | +41.1% |
| Trade receivables | 40 | €50,146 | €64,044 | +€13,898 | +27.7% |
| Other amounts receivable | 41 | €2,972 | €10,893 | +€7,921 | +267% |
| Cash at bank and in hand | 54/58 | €6,235 | €5,474 | -€761 | -12.2% |
| Deferred charges and accrued income | 490/1 | €8,232 | €5,078 | -€3,154 | -38.3% |
| Total equity and liabilities | 10/49 | €590,603 | €632,048 | +€41,445 | +7.0% |
| Equity | 10/15 | €131,925 | €94,566 | -€37,359 | -28.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €111,925 | €74,566 | -€37,359 | -33.4% |
| Distributable reserves | 133 | €111,925 | €74,566 | -€37,359 | -33.4% |
| Amounts payable | 17/49 | €458,677 | €537,482 | +€78,804 | +17.2% |
| Amounts payable after more than one year | 17 | €344,876 | €347,559 | +€2,683 | +0.8% |
| Financial debts | 170/4 | €244,876 | €247,559 | +€2,683 | +1.1% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €113,802 | €189,923 | +€76,122 | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €21,764 | €27,127 | +€5,364 | +24.6% |
| Trade debts | 44 | €2,877 | €51,186 | +€48,309 | +1,679% |
| Suppliers | 440/4 | €2,877 | €51,186 | +€48,309 | +1,679% |
| Taxes, remuneration and social security | 45 | €6,331 | €6,716 | +€385 | +6.1% |
| Taxes | 450/3 | €2,314 | €4,134 | +€1,820 | +78.6% |
| Remuneration and social security | 454/9 | €4,016 | €2,582 | -€1,435 | -35.7% |
| Other amounts payable | 47/48 | €82,830 | €104,894 | +€22,063 | +26.6% |
| Remuneration, social security and pensions | 62 | €50,379 | €48,431 | -€1,948 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,365 | €25,610 | +€245 | +1.0% |
| Other operating charges | 640/8 | €3,773 | €7,046 | +€3,273 | +86.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €119,453 | €51,460 | -€67,993 | -56.9% |
| Operating profit (loss) | 9901 | €39,936 | -€29,627 | -€69,563 | |
| Financial income | 75/76B | €290 | €0 | -€290 | -100% |
| Recurring financial income | 75 | €290 | €0 | -€290 | -100% |
| Financial charges | 65/66B | €8,064 | €7,533 | -€532 | -6.6% |
| Recurring financial charges | 65 | €8,064 | €7,533 | -€532 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €32,162 | -€37,160 | -€69,322 | |
| Income taxes | 67/77 | €261 | €200 | -€62 | -23.6% |
| Profit (loss) for the period | 9904 | €31,901 | -€37,359 | -€69,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,901 | -€37,359 | -€69,260 |
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 17 October 2026 via checked.be.