IVEN VERVOORT ENGINEERING: 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.
IVEN VERVOORT ENGINEERING
Largest movements
- Receivables within one year -€8,644
down €8,644 (-23.6%), from €36,602 to €27,958
of which Trade receivables: -€14,826
- Tangible fixed assets -€4,857
down €4,857 (-22.1%), from €21,939 to €17,082
of which Land and buildings: -€4,478
- Deferred charges and accrued income -€3,526
down €3,526 (-63.0%), from €5,597 to €2,071
- Cash -€1,628
down €1,628 (-4.4%), from €36,986 to €35,358
mainly Other debts (-€22,569) and Contributions, distributions and other (-€11,071)
- Other debts -€22,569
down €22,569 (-33.7%), from €67,005 to €44,437
- Tax, wage and social debts +€7,160
up €7,160 (+83.6%), from €8,564 to €15,724
- Current portion of long-term debt -€4,094
down €4,094 (-100%), from €4,094 to €0
- Gross operating margin -€60,923
down €60,923 (-65.4%), from €93,118 to €32,195
- Taxes -€13,306
down €13,306 (-77.7%), from €17,124 to €3,818
- Staff costs +€6,149
up €6,149 (+181%), from €3,388 to €9,537
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 | €101,991 | €82,469 | -€19,522 | -19.1% |
| Fixed assets | 21/28 | €22,806 | €17,082 | -€5,724 | -25.1% |
| Intangible fixed assets | 21 | €867 | €0 | -€867 | -100% |
| Tangible fixed assets | 22/27 | €21,939 | €17,082 | -€4,857 | -22.1% |
| Land and buildings | 22 | €21,430 | €16,952 | -€4,478 | -20.9% |
| Furniture and vehicles | 24 | €509 | €130 | -€379 | -74.5% |
| Current assets | 29/58 | €79,185 | €65,387 | -€13,799 | -17.4% |
| Amounts receivable within one year | 40/41 | €36,602 | €27,958 | -€8,644 | -23.6% |
| Trade receivables | 40 | €36,602 | €21,776 | -€14,826 | -40.5% |
| Other amounts receivable | 41 | €0 | €6,182 | +€6,182 | |
| Cash at bank and in hand | 54/58 | €36,986 | €35,358 | -€1,628 | -4.4% |
| Deferred charges and accrued income | 490/1 | €5,597 | €2,071 | -€3,526 | -63.0% |
| Total equity and liabilities | 10/49 | €101,991 | €82,469 | -€19,522 | -19.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €83,391 | €63,869 | -€19,522 | -23.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €83,241 | €63,419 | -€19,822 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €4,094 | €0 | -€4,094 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,577 | €3,258 | -€320 | -8.9% |
| Suppliers | 440/4 | €3,577 | €3,258 | -€320 | -8.9% |
| Taxes, remuneration and social security | 45 | €8,564 | €15,724 | +€7,160 | +83.6% |
| Taxes | 450/3 | €8,564 | €15,724 | +€7,160 | +83.6% |
| Other amounts payable | 47/48 | €67,005 | €44,437 | -€22,569 | -33.7% |
| Accrued charges and deferred income | 492/3 | €150 | €450 | +€300 | +200% |
| Remuneration, social security and pensions | 62 | €3,388 | €9,537 | +€6,149 | +181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,464 | €5,724 | +€260 | +4.8% |
| Other operating charges | 640/8 | €1,326 | €607 | -€719 | -54.2% |
| Gross operating margin | 9900 | €93,118 | €32,195 | -€60,923 | -65.4% |
| Operating profit (loss) | 9901 | €82,940 | €16,328 | -€66,612 | -80.3% |
| Financial income | 75/76B | €45 | €19 | -€26 | -57.9% |
| Recurring financial income | 75 | €45 | €19 | -€26 | -57.9% |
| Financial charges | 65/66B | €2,072 | €1,458 | -€615 | -29.7% |
| Recurring financial charges | 65 | €2,072 | €1,458 | -€615 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €80,913 | €14,889 | -€66,024 | -81.6% |
| Income taxes | 67/77 | €17,124 | €3,818 | -€13,306 | -77.7% |
| Profit (loss) for the period | 9904 | €63,788 | €11,071 | -€52,718 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,788 | €11,071 | -€52,718 | -82.6% |
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 23 October 2026 via checked.be.