IVN: 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.
IVN
Largest movements
- Tangible fixed assets -€5,147
down €5,147 (-3.7%), from €139,433 to €134,285
- Cash +€4,804
up €4,804 (+13.6%), from €35,277 to €40,081
mainly Depreciation (+€5,147)
- Contributions -€2,000
down €2,000 (-9.1%), from €22,000 to €20,000
- Reserves +€2,000
up €2,000 (+1.2%), from €170,000 to €172,000
- Gross operating margin -€2,522
down €2,522 (-20.5%), from €12,282 to €9,760
- Financial income -€809
no longer reported in 2025 (was €809)
- Other operating charges +€327
up €327 (+7.2%), from €4,563 to €4,890
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 | €184,718 | €184,397 | -€321 | -0.2% |
| Fixed assets | 21/28 | €139,433 | €134,285 | -€5,147 | -3.7% |
| Tangible fixed assets | 22/27 | €139,433 | €134,285 | -€5,147 | -3.7% |
| Land and buildings | 22 | €139,433 | €134,285 | -€5,147 | -3.7% |
| Current assets | 29/58 | €45,285 | €50,111 | +€4,826 | +10.7% |
| Amounts receivable within one year | 40/41 | €243 | €243 | = | 0.0% |
| Other amounts receivable | 41 | €243 | €243 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,277 | €40,081 | +€4,804 | +13.6% |
| Deferred charges and accrued income | 490/1 | €9,766 | €9,787 | +€22 | +0.2% |
| Total equity and liabilities | 10/49 | €184,718 | €184,397 | -€321 | -0.2% |
| Equity | 10/15 | €180,020 | €179,698 | -€321 | -0.2% |
| Contributions | 10/11 | €22,000 | €20,000 | -€2,000 | -9.1% |
| Reserves | 13 | €170,000 | €172,000 | +€2,000 | +1.2% |
| Distributable reserves | 133 | €170,000 | €172,000 | +€2,000 | +1.2% |
| Profit (loss) carried forward | 14 | -€11,980 | -€12,302 | -€321 | -2.7% |
| Amounts payable | 17/49 | €4,698 | €4,698 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,698 | €4,698 | = | 0.0% |
| Other amounts payable | 47/48 | €4,698 | €4,698 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,147 | €5,147 | = | 0.0% |
| Other operating charges | 640/8 | €4,563 | €4,890 | +€327 | +7.2% |
| Gross operating margin | 9900 | €12,282 | €9,760 | -€2,522 | -20.5% |
| Operating profit (loss) | 9901 | €2,572 | -€276 | -€2,849 | |
| Financial income | 75/76B | €809 | - | -€809 | |
| Recurring financial income | 75 | €809 | - | -€809 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €3,338 | -€321 | -€3,660 | |
| Profit (loss) for the period | 9904 | €3,338 | -€321 | -€3,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,338 | -€321 | -€3,660 |
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 24 October 2026 via checked.be.