IVENS S.: 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 S.
Largest movements
- Tangible fixed assets +€29,796
up €29,796 (+63.9%), from €46,636 to €76,432
- Receivables within one year +€8,713
up €8,713 (+71.9%), from €12,112 to €20,825
of which Trade receivables: +€9,172
- Profit (loss) carried forward +€26,438
up €26,438 (+47.2%), from €56,056 to €82,494
- Other debts +€13,482
up €13,482 (+119%), from €11,331 to €24,813
- Debts after one year -€11,952
down €11,952 (-38.8%), from €30,808 to €18,857
- Trade debts +€9,729
up €9,729 (+418%), from €2,329 to €12,058
- Tax, wage and social debts +€2,562
up €2,562 (+13.7%), from €18,687 to €21,250
of which Remuneration and social security: +€1,899
- Gross operating margin +€24,879
up €24,879 (+59.8%), from €41,598 to €66,476
- Depreciation +€7,912
up €7,912 (+50.7%), from €15,614 to €23,526
- Financial income +€6,049
new in 2025: €6,049
of which Financial income: +€6,049
- Taxes +€1,193
up €1,193 (+23.4%), from €5,104 to €6,297
- Financial charges -€835
down €835 (-32.6%), from €2,562 to €1,727
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 | €154,214 | €193,436 | +€39,221 | +25.4% |
| Fixed assets | 21/28 | €83,450 | €113,246 | +€29,796 | +35.7% |
| Tangible fixed assets | 22/27 | €46,636 | €76,432 | +€29,796 | +63.9% |
| Furniture and vehicles | 24 | €46,636 | €76,432 | +€29,796 | +63.9% |
| Financial fixed assets | 28 | €36,814 | €36,814 | = | 0.0% |
| Current assets | 29/58 | €70,764 | €80,190 | +€9,425 | +13.3% |
| Amounts receivable within one year | 40/41 | €12,112 | €20,825 | +€8,713 | +71.9% |
| Trade receivables | 40 | €10,418 | €19,590 | +€9,172 | +88.0% |
| Other amounts receivable | 41 | €1,693 | €1,234 | -€459 | -27.1% |
| Cash at bank and in hand | 54/58 | €58,653 | €59,365 | +€712 | +1.2% |
| Total equity and liabilities | 10/49 | €154,214 | €193,436 | +€39,221 | +25.4% |
| Equity | 10/15 | €76,516 | €102,954 | +€26,438 | +34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,056 | €82,494 | +€26,438 | +47.2% |
| Amounts payable | 17/49 | €77,698 | €90,482 | +€12,784 | +16.5% |
| Amounts payable after more than one year | 17 | €30,808 | €18,857 | -€11,952 | -38.8% |
| Financial debts | 170/4 | €30,808 | €18,857 | -€11,952 | -38.8% |
| Amounts payable within one year | 42/48 | €46,890 | €71,625 | +€24,735 | +52.8% |
| Current portion of amounts payable after more than one year | 42 | €14,542 | €13,504 | -€1,038 | -7.1% |
| Trade debts | 44 | €2,329 | €12,058 | +€9,729 | +418% |
| Suppliers | 440/4 | €2,329 | €12,058 | +€9,729 | +418% |
| Taxes, remuneration and social security | 45 | €18,687 | €21,250 | +€2,562 | +13.7% |
| Taxes | 450/3 | €13,229 | €13,892 | +€663 | +5.0% |
| Remuneration and social security | 454/9 | €5,458 | €7,357 | +€1,899 | +34.8% |
| Other amounts payable | 47/48 | €11,331 | €24,813 | +€13,482 | +119% |
| Non-recurring operating income | 76A | €1,000 | €18,600 | +€17,600 | +1,760% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,614 | €23,526 | +€7,912 | +50.7% |
| Other operating charges | 640/8 | €1,307 | €2,037 | +€730 | +55.8% |
| Gross operating margin | 9900 | €41,598 | €66,476 | +€24,879 | +59.8% |
| Operating profit (loss) | 9901 | €24,677 | €40,913 | +€16,237 | +65.8% |
| Financial income | 75/76B | - | €6,049 | +€6,049 | |
| Recurring financial income | 75 | - | €6,049 | +€6,049 | |
| Non-recurring financial income | 76B | - | €6,049 | +€6,049 | |
| Financial charges | 65/66B | €2,562 | €1,727 | -€835 | -32.6% |
| Recurring financial charges | 65 | €2,562 | €1,727 | -€835 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €22,114 | €45,235 | +€23,120 | +105% |
| Income taxes | 67/77 | €5,104 | €6,297 | +€1,193 | +23.4% |
| Profit (loss) for the period | 9904 | €17,011 | €38,938 | +€21,927 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €17,011 | €38,938 | +€21,927 | +129% |
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 1 November 2026 via checked.be.