IVH 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.
IVH Consulting
Largest movements
- Tangible fixed assets +€19,902
up €19,902 (+770%), from €2,585 to €22,487
of which Furniture and vehicles: +€17,595
- Current investments +€17,652
new in 2025: €17,652
- Receivables within one year -€14,651
down €14,651 (-99.4%), from €14,737 to €85
of which Trade receivables: -€14,651
- Deferred charges and accrued income +€788
new in 2025: €788
- Current portion of long-term debt +€11,963
new in 2025: €11,963
- Other debts -€8,982
down €8,982 (-93.0%), from €9,663 to €680
- Trade debts +€8,639
up €8,639 (+212%), from €4,078 to €12,717
- Profit (loss) carried forward +€7,702
up €7,702 (+29.3%), from €26,302 to €34,004
- Tax, wage and social debts +€3,202
up €3,202 (+29.5%), from €10,846 to €14,048
- Financial charges +€10,807
up €10,807 (+12,190%), from €89 to €10,895
- Depreciation +€9,515
up €9,515 (+1,335%), from €713 to €10,228
- Gross operating margin +€4,641
up €4,641 (+17.6%), from €26,349 to €30,990
- Taxes -€3,164
down €3,164 (-56.8%), from €5,566 to €2,402
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 | €53,388 | €76,930 | +€23,542 | +44.1% |
| Fixed assets | 21/28 | €2,585 | €22,487 | +€19,902 | +770% |
| Tangible fixed assets | 22/27 | €2,585 | €22,487 | +€19,902 | +770% |
| Plant, machinery and equipment | 23 | €2,585 | €4,893 | +€2,307 | +89.3% |
| Furniture and vehicles | 24 | - | €17,595 | +€17,595 | |
| Current assets | 29/58 | €50,803 | €54,443 | +€3,640 | +7.2% |
| Amounts receivable after more than one year | 29 | €27,303 | €27,000 | -€303 | -1.1% |
| Other amounts receivable | 291 | €27,303 | €27,000 | -€303 | -1.1% |
| Amounts receivable within one year | 40/41 | €14,737 | €85 | -€14,651 | -99.4% |
| Trade receivables | 40 | €14,737 | €85 | -€14,651 | -99.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €17,652 | +€17,652 | |
| Cash at bank and in hand | 54/58 | €8,764 | €8,919 | +€155 | +1.8% |
| Deferred charges and accrued income | 490/1 | - | €788 | +€788 | |
| Total equity and liabilities | 10/49 | €53,388 | €76,930 | +€23,542 | +44.1% |
| Equity | 10/15 | €28,802 | €36,504 | +€7,702 | +26.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,302 | €34,004 | +€7,702 | +29.3% |
| Amounts payable | 17/49 | €24,586 | €40,426 | +€15,840 | +64.4% |
| Amounts payable after more than one year | 17 | - | €1,018 | +€1,018 | |
| Financial debts | 170/4 | - | €1,018 | +€1,018 | |
| Amounts payable within one year | 42/48 | €24,586 | €39,409 | +€14,822 | +60.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,963 | +€11,963 | |
| Trade debts | 44 | €4,078 | €12,717 | +€8,639 | +212% |
| Suppliers | 440/4 | €4,078 | €12,717 | +€8,639 | +212% |
| Taxes, remuneration and social security | 45 | €10,846 | €14,048 | +€3,202 | +29.5% |
| Taxes | 450/3 | €10,846 | €14,048 | +€3,202 | +29.5% |
| Other amounts payable | 47/48 | €9,663 | €680 | -€8,982 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713 | €10,228 | +€9,515 | +1,335% |
| Other operating charges | 640/8 | - | €248 | +€248 | |
| Gross operating margin | 9900 | €26,349 | €30,990 | +€4,641 | +17.6% |
| Operating profit (loss) | 9901 | €25,636 | €20,515 | -€5,121 | -20.0% |
| Financial income | 75/76B | €299 | €485 | +€186 | +62.5% |
| Recurring financial income | 75 | €299 | €485 | +€186 | +62.5% |
| Financial charges | 65/66B | €89 | €10,895 | +€10,807 | +12,190% |
| Recurring financial charges | 65 | €89 | €10,895 | +€10,807 | +12,190% |
| Profit (loss) for the period before taxes | 9903 | €25,846 | €10,104 | -€15,742 | -60.9% |
| Income taxes | 67/77 | €5,566 | €2,402 | -€3,164 | -56.8% |
| Profit (loss) for the period | 9904 | €20,280 | €7,702 | -€12,578 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,280 | €7,702 | -€12,578 | -62.0% |
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 14 October 2026 via checked.be.