IVLC BIS: 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.
IVLC BIS
Largest movements
- Receivables within one year +€174,956
up €174,956 (+573%), from €30,532 to €205,488
of which Other amounts receivable: +€196,845
- Cash -€117,215
down €117,215 (-65.2%), from €179,662 to €62,447
mainly Receivables within one year (-€174,956) and Current portion of long-term debt (-€26,339)
- Tangible fixed assets -€44,763
down €44,763 (-19.0%), from €234,990 to €190,227
of which Plant, machinery and equipment: -€40,422
- Profit (loss) carried forward +€97,979
new in 2025: €97,979
- Current portion of long-term debt -€26,339
down €26,339 (-100%), from €26,339 to €0
- Trade debts -€24,142
down €24,142 (-35.3%), from €68,305 to €44,163
- Debts after one year -€22,175
down €22,175 (-100%), from €22,175 to €0
- Gross operating margin +€35,360
up €35,360 (+7.7%), from €459,768 to €495,127
- Staff costs +€19,787
up €19,787 (+6.8%), from €289,923 to €309,710
- Other operating charges +€6,421
up €6,421 (+1,061%), from €605 to €7,026
- Financial income -€5,288
down €5,288 (-63.2%), from €8,362 to €3,075
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 | €611,039 | €632,189 | +€21,150 | +3.5% |
| Fixed assets | 21/28 | €234,990 | €190,227 | -€44,763 | -19.0% |
| Tangible fixed assets | 22/27 | €234,990 | €190,227 | -€44,763 | -19.0% |
| Plant, machinery and equipment | 23 | €226,784 | €186,362 | -€40,422 | -17.8% |
| Furniture and vehicles | 24 | €8,206 | €3,865 | -€4,341 | -52.9% |
| Current assets | 29/58 | €376,049 | €441,962 | +€65,913 | +17.5% |
| Stocks and contracts in progress | 3 | €163,037 | €166,024 | +€2,987 | +1.8% |
| Stocks | 30/36 | €163,037 | €166,024 | +€2,987 | +1.8% |
| Amounts receivable within one year | 40/41 | €30,532 | €205,488 | +€174,956 | +573% |
| Trade receivables | 40 | €21,890 | €0 | -€21,890 | -100% |
| Other amounts receivable | 41 | €8,642 | €205,488 | +€196,845 | +2,278% |
| Cash at bank and in hand | 54/58 | €179,662 | €62,447 | -€117,215 | -65.2% |
| Deferred charges and accrued income | 490/1 | €2,818 | €8,003 | +€5,185 | +184% |
| Total equity and liabilities | 10/49 | €611,039 | €632,189 | +€21,150 | +3.5% |
| Equity | 10/15 | €448,196 | €546,175 | +€97,979 | +21.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €348,196 | €348,196 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €338,196 | €338,196 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €97,979 | +€97,979 | |
| Amounts payable | 17/49 | €162,843 | €86,015 | -€76,828 | -47.2% |
| Amounts payable after more than one year | 17 | €22,175 | €0 | -€22,175 | -100% |
| Financial debts | 170/4 | €22,175 | €0 | -€22,175 | -100% |
| Amounts payable within one year | 42/48 | €138,438 | €86,015 | -€52,423 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €26,339 | €0 | -€26,339 | -100% |
| Trade debts | 44 | €68,305 | €44,163 | -€24,142 | -35.3% |
| Suppliers | 440/4 | €68,305 | €44,163 | -€24,142 | -35.3% |
| Taxes, remuneration and social security | 45 | €30,400 | €28,364 | -€2,036 | -6.7% |
| Taxes | 450/3 | - | €181 | +€181 | |
| Remuneration and social security | 454/9 | €30,400 | €28,183 | -€2,218 | -7.3% |
| Other amounts payable | 47/48 | €13,394 | €13,488 | +€94 | +0.7% |
| Accrued charges and deferred income | 492/3 | €2,230 | €0 | -€2,230 | -100% |
| Non-recurring operating income | 76A | - | €1,853 | +€1,853 | |
| Remuneration, social security and pensions | 62 | €289,923 | €309,710 | +€19,787 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,339 | €48,800 | +€461 | +1.0% |
| Other operating charges | 640/8 | €605 | €7,026 | +€6,421 | +1,061% |
| Gross operating margin | 9900 | €459,768 | €495,127 | +€35,360 | +7.7% |
| Operating profit (loss) | 9901 | €120,901 | €129,591 | +€8,690 | +7.2% |
| Financial income | 75/76B | €8,362 | €3,075 | -€5,288 | -63.2% |
| Recurring financial income | 75 | €8,362 | €3,075 | -€5,288 | -63.2% |
| Financial charges | 65/66B | €273 | -€433 | -€707 | |
| Recurring financial charges | 65 | €273 | -€433 | -€707 | |
| Profit (loss) for the period before taxes | 9903 | €128,990 | €133,099 | +€4,109 | +3.2% |
| Income taxes | 67/77 | €34,755 | €35,120 | +€366 | +1.1% |
| Profit (loss) for the period | 9904 | €94,235 | €97,979 | +€3,743 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,235 | €97,979 | +€3,743 | +4.0% |
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 25 October 2026 via checked.be.