IVM & Co: 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.
IVM & Co
Largest movements
- Stocks and contracts +€24,132
up €24,132, from €0 to €24,132
of which Stocks: +€24,132
- Cash -€23,011
down €23,011 (-57.6%), from €39,948 to €16,936
mainly Stocks and contracts (-€24,132) and Receivables within one year (-€16,917)
- Receivables within one year +€16,917
up €16,917 (+22.7%), from €74,605 to €91,522
of which Trade receivables: +€14,306
- Trade debts +€21,194
up €21,194 (+268%), from €7,922 to €29,115
- Advances received +€8,409
up €8,409 (+420%), from €2,000 to €10,409
- Profit (loss) carried forward -€6,495
down €6,495 (-7.3%), from €88,699 to €82,204
- Other debts -€5,000
no longer reported in 2024 (was €5,000)
- Gross operating margin -€36,438
down €36,438, from €35,359 to -€1,079
- Other operating charges -€4,814
down €4,814 (-74.1%), from €6,495 to €1,681
- Taxes -€4,788
down €4,788 (-81.3%), from €5,891 to €1,103
- Financial charges +€3,018
up €3,018 (+129%), from €2,333 to €5,351
- Financial income +€1,134
up €1,134 (+56.9%), from €1,994 to €3,128
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,494 | €134,602 | +€18,108 | +15.5% |
| Fixed assets | 21/28 | €1,208 | €799 | -€409 | -33.9% |
| Tangible fixed assets | 22/27 | €533 | €124 | -€409 | -76.8% |
| Furniture and vehicles | 24 | €533 | €124 | -€409 | -76.8% |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €115,286 | €133,803 | +€18,517 | +16.1% |
| Stocks and contracts in progress | 3 | €0 | €24,132 | +€24,132 | |
| Stocks | 30/36 | - | €24,132 | +€24,132 | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €74,605 | €91,522 | +€16,917 | +22.7% |
| Trade receivables | 40 | €13,500 | €27,806 | +€14,306 | +106% |
| Other amounts receivable | 41 | €61,105 | €63,716 | +€2,611 | +4.3% |
| Cash at bank and in hand | 54/58 | €39,948 | €16,936 | -€23,011 | -57.6% |
| Deferred charges and accrued income | 490/1 | €734 | €1,213 | +€479 | +65.3% |
| Total equity and liabilities | 10/49 | €116,494 | €134,602 | +€18,108 | +15.5% |
| Equity | 10/15 | €101,572 | €95,077 | -€6,495 | -6.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €473 | €473 | = | 0.0% |
| Non-distributable reserves | 130/1 | €473 | €473 | = | 0.0% |
| Reserves not available under the articles | 1311 | €473 | €473 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,699 | €82,204 | -€6,495 | -7.3% |
| Amounts payable | 17/49 | €14,922 | €39,524 | +€24,603 | +165% |
| Amounts payable within one year | 42/48 | €14,922 | €39,524 | +€24,603 | +165% |
| Trade debts | 44 | €7,922 | €29,115 | +€21,194 | +268% |
| Suppliers | 440/4 | €7,922 | €29,115 | +€21,194 | +268% |
| Advances received on contracts in progress | 46 | €2,000 | €10,409 | +€8,409 | +420% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €611 | €409 | -€201 | -33.0% |
| Other operating charges | 640/8 | €6,495 | €1,681 | -€4,814 | -74.1% |
| Gross operating margin | 9900 | €35,359 | -€1,079 | -€36,438 | |
| Operating profit (loss) | 9901 | €28,253 | -€3,169 | -€31,422 | |
| Financial income | 75/76B | €1,994 | €3,128 | +€1,134 | +56.9% |
| Recurring financial income | 75 | €1,994 | €3,128 | +€1,134 | +56.9% |
| Financial charges | 65/66B | €2,333 | €5,351 | +€3,018 | +129% |
| Recurring financial charges | 65 | €2,333 | €5,351 | +€3,018 | +129% |
| Profit (loss) for the period before taxes | 9903 | €27,915 | -€5,392 | -€33,306 | |
| Income taxes | 67/77 | €5,891 | €1,103 | -€4,788 | -81.3% |
| Profit (loss) for the period | 9904 | €22,024 | -€6,495 | -€28,519 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,024 | -€6,495 | -€28,519 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.