IVdB.ea: 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.
IVdB.ea
Largest movements
- Current investments +€66,900
up €66,900 (+27.7%), from €241,287 to €308,187
- Cash -€20,398
down €20,398 (-28.6%), from €71,406 to €51,008
mainly Current investments (-€66,900) and Other debts (-€51,476)
- Receivables within one year +€4,383
up €4,383 (+10.4%), from €42,005 to €46,388
of which Trade receivables: +€4,346
- Reserves +€93,850
up €93,850 (+43.3%), from €216,648 to €310,499
- Other debts -€51,476
down €51,476 (-44.1%), from €116,724 to €65,248
- Tax, wage and social debts +€9,547
up €9,547 (+34.5%), from €27,707 to €37,254
of which Taxes: +€9,529
- Taxes +€11,571
up €11,571 (+42.7%), from €27,093 to €38,664
- Gross operating margin +€5,507
up €5,507 (+4.5%), from €122,418 to €127,925
- Financial income +€3,959
up €3,959 (+220%), from €1,796 to €5,756
- Financial charges -€3,958
down €3,958, from €840 to -€3,117
- Depreciation -€2,253
down €2,253 (-40.9%), from €5,511 to €3,258
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 | €374,213 | €424,385 | +€50,171 | +13.4% |
| Fixed assets | 21/28 | €19,516 | €17,085 | -€2,431 | -12.5% |
| Tangible fixed assets | 22/27 | €19,516 | €17,085 | -€2,431 | -12.5% |
| Plant, machinery and equipment | 23 | €10,583 | €15,178 | +€4,596 | +43.4% |
| Furniture and vehicles | 24 | €8,933 | €1,907 | -€7,026 | -78.7% |
| Current assets | 29/58 | €354,698 | €407,300 | +€52,602 | +14.8% |
| Amounts receivable within one year | 40/41 | €42,005 | €46,388 | +€4,383 | +10.4% |
| Trade receivables | 40 | €41,973 | €46,319 | +€4,346 | +10.4% |
| Other amounts receivable | 41 | €32 | €69 | +€37 | +116% |
| Current investments | 50/53 | €241,287 | €308,187 | +€66,900 | +27.7% |
| Cash at bank and in hand | 54/58 | €71,406 | €51,008 | -€20,398 | -28.6% |
| Deferred charges and accrued income | 490/1 | - | €1,717 | +€1,717 | |
| Total equity and liabilities | 10/49 | €374,213 | €424,385 | +€50,171 | +13.4% |
| Equity | 10/15 | €226,648 | €320,499 | +€93,850 | +41.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €216,648 | €310,499 | +€93,850 | +43.3% |
| Distributable reserves | 133 | €216,648 | €310,499 | +€93,850 | +43.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,565 | €103,886 | -€43,679 | -29.6% |
| Amounts payable within one year | 42/48 | €147,435 | €103,751 | -€43,684 | -29.6% |
| Trade debts | 44 | €3,004 | €1,249 | -€1,755 | -58.4% |
| Suppliers | 440/4 | €3,004 | €1,249 | -€1,755 | -58.4% |
| Taxes, remuneration and social security | 45 | €27,707 | €37,254 | +€9,547 | +34.5% |
| Taxes | 450/3 | €24,726 | €34,255 | +€9,529 | +38.5% |
| Remuneration and social security | 454/9 | €2,981 | €2,999 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €116,724 | €65,248 | -€51,476 | -44.1% |
| Accrued charges and deferred income | 492/3 | €130 | €135 | +€5 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,511 | €3,258 | -€2,253 | -40.9% |
| Other operating charges | 640/8 | €739 | €751 | +€13 | +1.7% |
| Non-recurring operating charges | 66A | - | €274 | +€274 | |
| Gross operating margin | 9900 | €122,418 | €127,925 | +€5,507 | +4.5% |
| Operating profit (loss) | 9901 | €116,168 | €123,641 | +€7,473 | +6.4% |
| Financial income | 75/76B | €1,796 | €5,756 | +€3,959 | +220% |
| Recurring financial income | 75 | €1,796 | €5,756 | +€3,959 | +220% |
| Financial charges | 65/66B | €840 | -€3,117 | -€3,958 | |
| Recurring financial charges | 65 | €840 | -€3,117 | -€3,958 | |
| Profit (loss) for the period before taxes | 9903 | €117,124 | €132,514 | +€15,390 | +13.1% |
| Income taxes | 67/77 | €27,093 | €38,664 | +€11,571 | +42.7% |
| Profit (loss) for the period | 9904 | €90,031 | €93,850 | +€3,819 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,031 | €93,850 | +€3,819 | +4.2% |
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 31 October 2026 via checked.be.