IVETTE: what changed
IVETTE
Largest movements
- Tangible fixed assets +€15,180
up €15,180 (+323%), from €4,693 to €19,873
of which Plant, machinery and equipment: +€15,980
- Cash +€5,716
up €5,716 (+327%), from €1,747 to €7,462
mainly Other debts (+€12,479) and Net result for the year (+€7,644)
- Receivables within one year -€3,037
down €3,037 (-24.6%), from €12,342 to €9,306
of which Trade receivables: -€6,248
- Other debts +€12,479
up €12,479 (+39.6%), from €31,534 to €44,013
- Profit (loss) carried forward +€7,644
up €7,644 (+37.0%), from -€20,657 to -€13,013
- Tax, wage and social debts -€2,155
no longer reported in 2025 (was €2,155)
- Advances received -€511
no longer reported in 2025 (was €511)
- Gross operating margin +€24,455
up €24,455, from -€14,234 to €10,221
- Financial income -€1,876
down €1,876 (-98.0%), from €1,915 to €39
of which Non-recurring financial income: -€1,810
- Depreciation +€386
up €386 (+35.2%), from €1,098 to €1,484
- Financial charges -€201
down €201 (-39.4%), from €511 to €310
of which Financial charges: -€162
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,104 | €39,933 | +€17,829 | +80.7% |
| Fixed assets | 21/28 | €4,693 | €19,873 | +€15,180 | +323% |
| Tangible fixed assets | 22/27 | €4,693 | €19,873 | +€15,180 | +323% |
| Plant, machinery and equipment | 23 | €1,934 | €17,913 | +€15,980 | +826% |
| Furniture and vehicles | 24 | €2,759 | €1,959 | -€800 | -29.0% |
| Current assets | 29/58 | €17,411 | €20,060 | +€2,649 | +15.2% |
| Amounts receivable within one year | 40/41 | €12,342 | €9,306 | -€3,037 | -24.6% |
| Trade receivables | 40 | €11,979 | €5,731 | -€6,248 | -52.2% |
| Other amounts receivable | 41 | €364 | €3,575 | +€3,211 | +883% |
| Cash at bank and in hand | 54/58 | €1,747 | €7,462 | +€5,716 | +327% |
| Deferred charges and accrued income | 490/1 | €3,322 | €3,292 | -€29 | -0.9% |
| Total equity and liabilities | 10/49 | €22,104 | €39,933 | +€17,829 | +80.7% |
| Equity | 10/15 | -€15,657 | -€8,013 | +€7,644 | +48.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,657 | -€13,013 | +€7,644 | +37.0% |
| Amounts payable | 17/49 | €37,761 | €47,946 | +€10,185 | +27.0% |
| Amounts payable within one year | 42/48 | €37,761 | €47,946 | +€10,185 | +27.0% |
| Trade debts | 44 | €3,562 | €3,934 | +€372 | +10.4% |
| Suppliers | 440/4 | €3,562 | €3,934 | +€372 | +10.4% |
| Advances received on contracts in progress | 46 | €511 | - | -€511 | |
| Taxes, remuneration and social security | 45 | €2,155 | - | -€2,155 | |
| Taxes | 450/3 | €2,155 | - | -€2,155 | |
| Other amounts payable | 47/48 | €31,534 | €44,013 | +€12,479 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,098 | €1,484 | +€386 | +35.2% |
| Other operating charges | 640/8 | €791 | €823 | +€32 | +4.0% |
| Gross operating margin | 9900 | -€14,234 | €10,221 | +€24,455 | |
| Operating profit (loss) | 9901 | -€16,122 | €7,915 | +€24,037 | |
| Financial income | 75/76B | €1,915 | €39 | -€1,876 | -98.0% |
| Recurring financial income | 75 | €105 | €39 | -€66 | -63.1% |
| Non-recurring financial income | 76B | €1,810 | - | -€1,810 | |
| Financial charges | 65/66B | €511 | €310 | -€201 | -39.4% |
| Recurring financial charges | 65 | €472 | €310 | -€162 | -34.4% |
| Non-recurring financial charges | 66B | €39 | - | -€39 | |
| Profit (loss) for the period before taxes | 9903 | -€14,718 | €7,644 | +€22,362 | |
| Profit (loss) for the period | 9904 | -€14,718 | €7,644 | +€22,362 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,718 | €7,644 | +€22,362 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.