ivens b44: 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.
ivens b44
Largest movements
- Stocks and contracts -€6,196
down €6,196 (-97.6%), from €6,347 to €151
- Cash -€2,647
down €2,647 (-47.1%), from €5,626 to €2,979
mainly Other debts (-€6,715) and Receivables within one year (-€2,443)
- Receivables within one year +€2,443
up €2,443 (+23.5%), from €10,381 to €12,824
of which Trade receivables: +€2,049
- Tangible fixed assets +€1,091
up €1,091 (+107%), from €1,022 to €2,113
of which Furniture and vehicles: +€1,384
- Other debts -€6,715
down €6,715 (-100%), from €6,715 to €0
- Tax, wage and social debts +€2,117
up €2,117 (+515%), from €411 to €2,527
- Trade debts -€729
down €729 (-96.4%), from €756 to €27
- Gross operating margin +€3,112
up €3,112, from -€1,248 to €1,864
- Depreciation +€315
up €315 (+42.9%), from €734 to €1,050
- Other operating charges +€22
up €22 (+2.9%), from €751 to €773
- Financial income +€22
up €22, from €0 to €22
of which Financial income: +€22
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 | €23,376 | €18,066 | -€5,309 | -22.7% |
| Fixed assets | 21/28 | €1,022 | €2,113 | +€1,091 | +107% |
| Tangible fixed assets | 22/27 | €1,022 | €2,113 | +€1,091 | +107% |
| Plant, machinery and equipment | 23 | €768 | €476 | -€293 | -38.1% |
| Furniture and vehicles | 24 | €254 | €1,637 | +€1,384 | +545% |
| Current assets | 29/58 | €22,353 | €15,953 | -€6,400 | -28.6% |
| Stocks and contracts in progress | 3 | €6,347 | €151 | -€6,196 | -97.6% |
| Stocks | 30/36 | €6,347 | €151 | -€6,196 | -97.6% |
| Amounts receivable within one year | 40/41 | €10,381 | €12,824 | +€2,443 | +23.5% |
| Trade receivables | 40 | €10,381 | €12,430 | +€2,049 | +19.7% |
| Other amounts receivable | 41 | - | €394 | +€394 | |
| Cash at bank and in hand | 54/58 | €5,626 | €2,979 | -€2,647 | -47.1% |
| Total equity and liabilities | 10/49 | €23,376 | €18,066 | -€5,309 | -22.7% |
| Equity | 10/15 | €15,493 | €15,512 | +€18 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,107 | -€3,088 | +€18 | +0.6% |
| Amounts payable | 17/49 | €7,882 | €2,554 | -€5,328 | -67.6% |
| Amounts payable within one year | 42/48 | €7,882 | €2,554 | -€5,328 | -67.6% |
| Trade debts | 44 | €756 | €27 | -€729 | -96.4% |
| Suppliers | 440/4 | €756 | €27 | -€729 | -96.4% |
| Taxes, remuneration and social security | 45 | €411 | €2,527 | +€2,117 | +515% |
| Taxes | 450/3 | €411 | €2,527 | +€2,117 | +515% |
| Other amounts payable | 47/48 | €6,715 | €0 | -€6,715 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €734 | €1,050 | +€315 | +42.9% |
| Other operating charges | 640/8 | €751 | €773 | +€22 | +2.9% |
| Gross operating margin | 9900 | -€1,248 | €1,864 | +€3,112 | |
| Operating profit (loss) | 9901 | -€2,734 | €41 | +€2,775 | |
| Financial income | 75/76B | €0 | €22 | +€22 | |
| Recurring financial income | 75 | €0 | €22 | +€22 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €43 | €45 | +€1 | +3.3% |
| Recurring financial charges | 65 | €43 | €45 | +€1 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,777 | €18 | +€2,795 | |
| Profit (loss) for the period | 9904 | -€2,777 | €18 | +€2,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,777 | €18 | +€2,795 |
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 16 October 2026 via checked.be.