IVEN: what changed
Two fiscal 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.
IVEN
Largest movements
- Tangible fixed assets -€6,975
down €6,975 (-4.0%), from €176,381 to €169,407
of which Land and buildings: -€6,963
- Receivables within one year -€5,431
down €5,431 (-13.8%), from €39,306 to €33,874
of which Trade receivables: -€5,418
- Cash +€4,486
up €4,486 (+4.5%), from €98,720 to €103,206
mainly Net result for the year (+€11,191) and Depreciation (+€9,168)
- Debts after one year -€22,493
down €22,493 (-31.0%), from €72,583 to €50,090
- Trade debts +€8,600
up €8,600 (+445.5%), from €1,931 to €10,531
- Reserves +€6,000
up €6,000 (+3.9%), from €153,641 to €159,641
- Profit (loss) carried forward +€5,135
up €5,135, from -€5,135 to €0
- Other debts -€4,422
down €4,422 (-9.5%), from €46,406 to €41,984
- Gross operating margin +€18,451
up €18,451 (+210.4%), from €8,772 to €27,223
- Taxes +€2,397
up €2,397, from €0 to €2,397
- Financial charges -€330
down €330 (-18.6%), from €1,768 to €1,438
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.
Cash bridge derived
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 | €323,458 | €315,606 | -€7,852 | -2.4% |
| Fixed assets | 21/28 | €176,381 | €169,407 | -€6,975 | -4.0% |
| Tangible fixed assets | 22/27 | €176,381 | €169,407 | -€6,975 | -4.0% |
| Land and buildings | 22 | €176,370 | €169,407 | -€6,963 | -3.9% |
| Furniture and vehicles | 24 | €12 | €0 | -€12 | -100.0% |
| Current assets | 29/58 | €147,077 | €146,200 | -€877 | -0.6% |
| Amounts receivable within one year | 40/41 | €39,306 | €33,874 | -€5,431 | -13.8% |
| Trade receivables | 40 | €38,736 | €33,317 | -€5,418 | -14.0% |
| Other amounts receivable | 41 | €570 | €557 | -€13 | -2.3% |
| Current investments | 50/53 | €8,565 | €8,618 | +€53 | +0.6% |
| Cash at bank and in hand | 54/58 | €98,720 | €103,206 | +€4,486 | +4.5% |
| Deferred charges and accrued income | 490/1 | €486 | €501 | +€15 | +3.1% |
| Total equity and liabilities | 10/49 | €323,458 | €315,606 | -€7,852 | -2.4% |
| Equity | 10/15 | €167,106 | €178,241 | +€11,135 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,641 | €159,641 | +€6,000 | +3.9% |
| Distributable reserves | 133 | €153,641 | €159,641 | +€6,000 | +3.9% |
| Profit (loss) carried forward | 14 | -€5,135 | €0 | +€5,135 | |
| Amounts payable | 17/49 | €156,352 | €137,365 | -€18,987 | -12.1% |
| Amounts payable after more than one year | 17 | €72,583 | €50,090 | -€22,493 | -31.0% |
| Financial debts | 170/4 | €72,583 | €50,090 | -€22,493 | -31.0% |
| Amounts payable within one year | 42/48 | €83,769 | €87,275 | +€3,506 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €26,214 | €24,524 | -€1,690 | -6.4% |
| Trade debts | 44 | €1,931 | €10,531 | +€8,600 | +445.5% |
| Suppliers | 440/4 | €1,931 | €10,531 | +€8,600 | +445.5% |
| Taxes, remuneration and social security | 45 | €9,219 | €10,237 | +€1,018 | +11.0% |
| Taxes | 450/3 | €9,219 | €10,237 | +€1,018 | +11.0% |
| Other amounts payable | 47/48 | €46,406 | €41,984 | -€4,422 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,389 | €9,168 | -€220 | -2.3% |
| Other operating charges | 640/8 | €2,955 | €3,104 | +€149 | +5.1% |
| Gross operating margin | 9900 | €8,772 | €27,223 | +€18,451 | +210.4% |
| Operating profit (loss) | 9901 | -€3,572 | €14,951 | +€18,522 | |
| Financial income | 75/76B | €204 | €76 | -€128 | -62.9% |
| Recurring financial income | 75 | €204 | €76 | -€128 | -62.9% |
| Financial charges | 65/66B | €1,768 | €1,438 | -€330 | -18.6% |
| Recurring financial charges | 65 | €1,768 | €1,438 | -€330 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,135 | €13,588 | +€18,724 | |
| Income taxes | 67/77 | €0 | €2,397 | +€2,397 | |
| Profit (loss) for the period | 9904 | -€5,135 | €11,191 | +€16,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,135 | €11,191 | +€16,326 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.