IVH Services: 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 Services
Largest movements
- Cash +€18,697
up €18,697 (+43.0%), from €43,464 to €62,161
mainly Net result for the year (+€30,501) and Depreciation (+€10,265)
- Receivables within one year +€10,620
up €10,620 (+32.9%), from €32,303 to €42,923
of which Other amounts receivable: +€16,042
- Tangible fixed assets -€10,265
down €10,265 (-31.5%), from €32,538 to €22,273
- Reserves +€30,501
up €30,501 (+58.0%), from €52,556 to €83,058
- Debts after one year -€10,548
down €10,548 (-43.4%), from €24,313 to €13,765
- Trade debts -€2,988
down €2,988 (-57.9%), from €5,160 to €2,173
- Tax, wage and social debts +€2,434
up €2,434 (+18.0%), from €13,520 to €15,955
- Gross operating margin -€1,317
down €1,317 (-2.6%), from €51,442 to €50,125
- Financial income +€835
up €835 (+208%), from €402 to €1,237
- Financial charges -€777
down €777 (-35.9%), from €2,167 to €1,390
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 | €108,703 | €128,498 | +€19,796 | +18.2% |
| Fixed assets | 21/28 | €32,538 | €22,273 | -€10,265 | -31.5% |
| Tangible fixed assets | 22/27 | €32,538 | €22,273 | -€10,265 | -31.5% |
| Furniture and vehicles | 24 | €32,538 | €22,273 | -€10,265 | -31.5% |
| Current assets | 29/58 | €76,165 | €106,225 | +€30,060 | +39.5% |
| Amounts receivable within one year | 40/41 | €32,303 | €42,923 | +€10,620 | +32.9% |
| Trade receivables | 40 | €19,849 | €14,428 | -€5,422 | -27.3% |
| Other amounts receivable | 41 | €12,454 | €28,496 | +€16,042 | +129% |
| Cash at bank and in hand | 54/58 | €43,464 | €62,161 | +€18,697 | +43.0% |
| Deferred charges and accrued income | 490/1 | €398 | €1,140 | +€742 | +186% |
| Total equity and liabilities | 10/49 | €108,703 | €128,498 | +€19,796 | +18.2% |
| Equity | 10/15 | €55,556 | €86,058 | +€30,501 | +54.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,556 | €83,058 | +€30,501 | +58.0% |
| Distributable reserves | 133 | €52,556 | €83,058 | +€30,501 | +58.0% |
| Amounts payable | 17/49 | €53,146 | €42,441 | -€10,706 | -20.1% |
| Amounts payable after more than one year | 17 | €24,313 | €13,765 | -€10,548 | -43.4% |
| Financial debts | 170/4 | €24,313 | €13,765 | -€10,548 | -43.4% |
| Amounts payable within one year | 42/48 | €28,833 | €28,675 | -€158 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €10,152 | €10,548 | +€396 | +3.9% |
| Trade debts | 44 | €5,160 | €2,173 | -€2,988 | -57.9% |
| Suppliers | 440/4 | €5,160 | €2,173 | -€2,988 | -57.9% |
| Taxes, remuneration and social security | 45 | €13,520 | €15,955 | +€2,434 | +18.0% |
| Taxes | 450/3 | €13,520 | €15,955 | +€2,434 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,265 | €10,265 | = | 0.0% |
| Other operating charges | 640/8 | €516 | €339 | -€177 | -34.3% |
| Gross operating margin | 9900 | €51,442 | €50,125 | -€1,317 | -2.6% |
| Operating profit (loss) | 9901 | €40,661 | €39,521 | -€1,140 | -2.8% |
| Financial income | 75/76B | €402 | €1,237 | +€835 | +208% |
| Recurring financial income | 75 | €402 | €1,237 | +€835 | +208% |
| Financial charges | 65/66B | €2,167 | €1,390 | -€777 | -35.9% |
| Recurring financial charges | 65 | €2,167 | €1,390 | -€777 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €38,896 | €39,368 | +€472 | +1.2% |
| Income taxes | 67/77 | €8,793 | €8,867 | +€74 | +0.8% |
| Profit (loss) for the period | 9904 | €30,103 | €30,501 | +€398 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,103 | €30,501 | +€398 | +1.3% |
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.