IVEK EUROPE: what changed
What changed
IVEK EUROPE
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€184,925
2024 · €283,079-€98,154
Equity
€28,986
2024 · €35,746-€6,760
Cash
€10,888
2024 · €12,760-€1,872
Balance sheet total
€268,320
2024 · €388,301-€119,981
Largest movements
Assets
- Receivables within one year -€132,699
down €132,699 (-36.2%), from €366,182 to €233,483
of which Other amounts receivable: -€130,699
- Deferred charges and accrued income +€13,674
up €13,674 (+482%), from €2,836 to €16,510
Equity and liabilities
- Other debts -€112,818
down €112,818 (-37.0%), from €304,503 to €191,685
- Profit (loss) carried forward -€6,760
down €6,760 (-31.5%), from €21,486 to €14,726
Income statement
- Gross operating margin -€135,872
down €135,872 (-21.7%), from €625,649 to €489,777
- Taxes -€32,716
down €32,716 (-32.9%), from €99,323 to €66,607
- Staff costs -€7,175
down €7,175 (-3.0%), from €238,539 to €231,365
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€283,079
Gross operating margin
-€135,872
Staff costs
+€7,175
Depreciation
-€1,464
Other operating charges
-€31
Financial income
-€0
Financial charges
-€678
Taxes
+€32,716
Result 2025
€184,925
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€193,326
Investment
-€3,512
Financing
-€191,685
Cash 2024
€12,760
From operations (derived)
+€193,326
Net result for the year
+€184,925
Depreciation
+€2,596
Receivables within one year
+€132,699
Deferred charges and accrued income
-€13,674
Trade debts
+€1,661
Tax, wage and social debts
-€864
Other debts
-€112,818
Accrued charges and deferred income
-€1,200
Investment (derived)
-€3,512
Investment in fixed assets (net)
-€3,512
Financing
-€191,685
Contributions, distributions and other
-€191,685
Cash 2025
€10,888
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,301 | €268,320 | -€119,981 | -30.9% |
| Fixed assets | 21/28 | €6,524 | €7,439 | +€916 | +14.0% |
| Tangible fixed assets | 22/27 | €6,301 | €7,217 | +€916 | +14.5% |
| Furniture and vehicles | 24 | €6,301 | €4,896 | -€1,405 | -22.3% |
| Other tangible fixed assets | 26 | - | €2,321 | +€2,321 | |
| Financial fixed assets | 28 | €223 | €223 | = | 0.0% |
| Current assets | 29/58 | €381,777 | €260,881 | -€120,896 | -31.7% |
| Amounts receivable within one year | 40/41 | €366,182 | €233,483 | -€132,699 | -36.2% |
| Trade receivables | 40 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts receivable | 41 | €364,182 | €233,483 | -€130,699 | -35.9% |
| Cash at bank and in hand | 54/58 | €12,760 | €10,888 | -€1,872 | -14.7% |
| Deferred charges and accrued income | 490/1 | €2,836 | €16,510 | +€13,674 | +482% |
| Total equity and liabilities | 10/49 | €388,301 | €268,320 | -€119,981 | -30.9% |
| Equity | 10/15 | €35,746 | €28,986 | -€6,760 | -18.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,486 | €14,726 | -€6,760 | -31.5% |
| Amounts payable | 17/49 | €352,554 | €239,334 | -€113,220 | -32.1% |
| Amounts payable within one year | 42/48 | €349,054 | €237,034 | -€112,020 | -32.1% |
| Trade debts | 44 | €16,795 | €18,456 | +€1,661 | +9.9% |
| Suppliers | 440/4 | €16,795 | €18,456 | +€1,661 | +9.9% |
| Taxes, remuneration and social security | 45 | €27,756 | €26,893 | -€864 | -3.1% |
| Remuneration and social security | 454/9 | €27,756 | €26,893 | -€864 | -3.1% |
| Other amounts payable | 47/48 | €304,503 | €191,685 | -€112,818 | -37.0% |
| Accrued charges and deferred income | 492/3 | €3,500 | €2,300 | -€1,200 | -34.3% |
| Remuneration, social security and pensions | 62 | €238,539 | €231,365 | -€7,175 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,132 | €2,596 | +€1,464 | +129% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €625,649 | €489,777 | -€135,872 | -21.7% |
| Operating profit (loss) | 9901 | €385,010 | €254,818 | -€130,192 | -33.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,608 | €3,286 | +€678 | +26.0% |
| Recurring financial charges | 65 | €2,608 | €3,286 | +€678 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €382,402 | €251,532 | -€130,870 | -34.2% |
| Income taxes | 67/77 | €99,323 | €66,607 | -€32,716 | -32.9% |
| Profit (loss) for the period | 9904 | €283,079 | €184,925 | -€98,154 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €283,079 | €184,925 | -€98,154 | -34.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.