IVOCO: what changed
Two fiscal 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.
IVOCO
Largest movements
- Cash +€30,328
up €30,328 (+219.8%), from €13,797 to €44,125
mainly Net result for the year (+€49,875) and Depreciation (+€13,067)
- Receivables within one year +€3,426
up €3,426 (+28.2%), from €12,137 to €15,563
of which Trade receivables: +€4,891
- Tangible fixed assets +€1,731
up €1,731 (+4.6%), from €37,659 to €39,390
of which Furniture and vehicles: +€10,410
- Deferred charges and accrued income -€1,189
down €1,189 (-33.2%), from €3,584 to €2,395
- Profit (loss) carried forward +€49,875
new in 2024: €49,875
- Debts after one year -€6,093
down €6,093 (-33.9%), from €17,998 to €11,905
- Accrued charges and deferred income -€5,813
no longer reported in 2024 (was €5,813)
- Trade debts -€5,421
down €5,421 (-93.1%), from €5,822 to €401
- Tax, wage and social debts +€2,289
new in 2024: €2,289
- Gross operating margin +€68,788
up €68,788 (+293.7%), from €23,419 to €92,207
- Taxes +€14,616
up €14,616 (+546.9%), from €2,672 to €17,289
- Staff costs +€6,420
up €6,420 (+328.3%), from €1,956 to €8,376
- Other operating charges +€1,847
up €1,847 (+297.6%), from €620 to €2,467
- Depreciation +€1,737
up €1,737 (+15.3%), from €11,331 to €13,067
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.
Cash bridge derived
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 | €73,429 | €108,313 | +€34,884 | +47.5% |
| Fixed assets | 21/28 | €37,659 | €39,390 | +€1,731 | +4.6% |
| Tangible fixed assets | 22/27 | €37,659 | €39,390 | +€1,731 | +4.6% |
| Plant, machinery and equipment | 23 | €6,161 | €4,304 | -€1,857 | -30.1% |
| Furniture and vehicles | 24 | €3,694 | €14,104 | +€10,410 | +281.8% |
| Leasing and similar rights | 25 | €25,898 | €19,315 | -€6,583 | -25.4% |
| Other tangible fixed assets | 26 | €1,906 | €1,667 | -€239 | -12.6% |
| Current assets | 29/58 | €35,770 | €68,923 | +€33,153 | +92.7% |
| Stocks and contracts in progress | 3 | €6,253 | €6,840 | +€587 | +9.4% |
| Stocks | 30/36 | €6,253 | €4,423 | -€1,830 | -29.3% |
| Contracts in progress | 37 | - | €2,418 | +€2,418 | |
| Amounts receivable within one year | 40/41 | €12,137 | €15,563 | +€3,426 | +28.2% |
| Trade receivables | 40 | €7,617 | €12,508 | +€4,891 | +64.2% |
| Other amounts receivable | 41 | €4,520 | €3,055 | -€1,465 | -32.4% |
| Cash at bank and in hand | 54/58 | €13,797 | €44,125 | +€30,328 | +219.8% |
| Deferred charges and accrued income | 490/1 | €3,584 | €2,395 | -€1,189 | -33.2% |
| Total equity and liabilities | 10/49 | €73,429 | €108,313 | +€34,884 | +47.5% |
| Equity | 10/15 | €29,675 | €79,550 | +€49,875 | +168.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,675 | €24,675 | = | 0.0% |
| Distributable reserves | 133 | €24,675 | €24,675 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €49,875 | +€49,875 | |
| Amounts payable | 17/49 | €43,755 | €28,763 | -€14,992 | -34.3% |
| Amounts payable after more than one year | 17 | €17,998 | €11,905 | -€6,093 | -33.9% |
| Financial debts | 170/4 | €17,998 | €11,905 | -€6,093 | -33.9% |
| Amounts payable within one year | 42/48 | €19,944 | €16,859 | -€3,085 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €6,014 | €6,598 | +€584 | +9.7% |
| Financial debts | 43 | €1,689 | - | -€1,689 | |
| Other loans | 439 | €1,689 | - | -€1,689 | |
| Trade debts | 44 | €5,822 | €401 | -€5,421 | -93.1% |
| Suppliers | 440/4 | €5,822 | €401 | -€5,421 | -93.1% |
| Taxes, remuneration and social security | 45 | - | €2,289 | +€2,289 | |
| Taxes | 450/3 | - | €2,289 | +€2,289 | |
| Other amounts payable | 47/48 | €6,419 | €7,572 | +€1,153 | +18.0% |
| Accrued charges and deferred income | 492/3 | €5,813 | - | -€5,813 | |
| Remuneration, social security and pensions | 62 | €1,956 | €8,376 | +€6,420 | +328.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,331 | €13,067 | +€1,737 | +15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €882 | +€882 | |
| Other operating charges | 640/8 | €620 | €2,467 | +€1,847 | +297.6% |
| Gross operating margin | 9900 | €23,419 | €92,207 | +€68,788 | +293.7% |
| Operating profit (loss) | 9901 | €9,512 | €67,415 | +€57,903 | +608.7% |
| Financial income | 75/76B | €91 | €115 | +€24 | +26.3% |
| Recurring financial income | 75 | €91 | €115 | +€24 | +26.3% |
| Financial charges | 65/66B | €729 | €366 | -€363 | -49.8% |
| Recurring financial charges | 65 | €729 | €366 | -€363 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €8,875 | €67,164 | +€58,289 | +656.8% |
| Income taxes | 67/77 | €2,672 | €17,289 | +€14,616 | +546.9% |
| Profit (loss) for the period | 9904 | €6,202 | €49,875 | +€43,673 | +704.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,202 | €49,875 | +€43,673 | +704.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.