IVET Consulting: 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.
IVET Consulting
Largest movements
- Financial fixed assets +€321,250
new in 2025: €321,250
- Cash +€40,448
up €40,448 (+127%), from €31,808 to €72,256
mainly Debts after one year (+€414,522) and Net result for the year (+€30,690)
- Tangible fixed assets +€29,456
up €29,456 (+69.8%), from €42,208 to €71,664
of which Furniture and vehicles: +€19,390
- Receivables within one year -€5,440
down €5,440 (-21.9%), from €24,871 to €19,431
of which Trade receivables: -€5,440
- Debts after one year +€414,522
new in 2025: €414,522
- Profit (loss) carried forward -€39,692
down €39,692 (-98.3%), from €40,382 to €690
- Other debts +€8,682
up €8,682 (+20.0%), from €43,385 to €52,066
- Gross operating margin +€28,686
up €28,686 (+89.0%), from €32,229 to €60,916
- Taxes +€6,481
up €6,481 (+155%), from €4,179 to €10,660
- Financial charges +€1,383
up €1,383 (+64.5%), from €2,145 to €3,528
- Depreciation +€1,274
up €1,274 (+9.3%), from €13,680 to €14,954
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 | €99,031 | €485,298 | +€386,268 | +390% |
| Fixed assets | 21/28 | €42,208 | €392,914 | +€350,706 | +831% |
| Tangible fixed assets | 22/27 | €42,208 | €71,664 | +€29,456 | +69.8% |
| Plant, machinery and equipment | 23 | €2,206 | €4,803 | +€2,596 | +118% |
| Furniture and vehicles | 24 | €25,271 | €44,661 | +€19,390 | +76.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €14,731 | €22,200 | +€7,469 | +50.7% |
| Financial fixed assets | 28 | - | €321,250 | +€321,250 | |
| Current assets | 29/58 | €56,823 | €92,385 | +€35,562 | +62.6% |
| Amounts receivable within one year | 40/41 | €24,871 | €19,431 | -€5,440 | -21.9% |
| Trade receivables | 40 | €17,014 | €11,574 | -€5,440 | -32.0% |
| Other amounts receivable | 41 | €7,858 | €7,858 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,808 | €72,256 | +€40,448 | +127% |
| Deferred charges and accrued income | 490/1 | €143 | €697 | +€553 | +386% |
| Total equity and liabilities | 10/49 | €99,031 | €485,298 | +€386,268 | +390% |
| Equity | 10/15 | €42,882 | €3,190 | -€39,692 | -92.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,382 | €690 | -€39,692 | -98.3% |
| Amounts payable | 17/49 | €56,149 | €482,108 | +€425,959 | +759% |
| Amounts payable after more than one year | 17 | - | €414,522 | +€414,522 | |
| Other amounts payable | 178/9 | - | €414,522 | +€414,522 | |
| Amounts payable within one year | 42/48 | €56,149 | €67,586 | +€11,438 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €2,726 | €2,727 | +€1 | 0.0% |
| Trade debts | 44 | €1,534 | €1,118 | -€416 | -27.1% |
| Suppliers | 440/4 | €1,534 | €1,118 | -€416 | -27.1% |
| Taxes, remuneration and social security | 45 | €8,504 | €11,675 | +€3,171 | +37.3% |
| Taxes | 450/3 | €8,504 | €11,675 | +€3,171 | +37.3% |
| Other amounts payable | 47/48 | €43,385 | €52,066 | +€8,682 | +20.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,680 | €14,954 | +€1,274 | +9.3% |
| Other operating charges | 640/8 | €1,505 | €1,083 | -€422 | -28.0% |
| Gross operating margin | 9900 | €32,229 | €60,916 | +€28,686 | +89.0% |
| Operating profit (loss) | 9901 | €17,044 | €44,879 | +€27,834 | +163% |
| Financial charges | 65/66B | €2,145 | €3,528 | +€1,383 | +64.5% |
| Recurring financial charges | 65 | €2,145 | €3,528 | +€1,383 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €14,899 | €41,351 | +€26,451 | +178% |
| Income taxes | 67/77 | €4,179 | €10,660 | +€6,481 | +155% |
| Profit (loss) for the period | 9904 | €10,720 | €30,690 | +€19,971 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €10,720 | €30,690 | +€19,971 | +186% |
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.