IVOIRE: 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.
IVOIRE
Largest movements
- Tangible fixed assets -€27,328
down €27,328 (-2.4%), from €1.1m to €1.1m
of which Land and buildings: -€27,328
- Profit (loss) carried forward -€25,700
down €25,700 (-13.3%), from -€193,607 to -€219,307
- Debts after one year -€19,597
down €19,597 (-5.4%), from €364,800 to €345,203
- Gross operating margin +€21,724
up €21,724 (+275%), from €7,905 to €29,630
- Purchases and services +€18,720
new in 2025: €18,720
- Staff costs -€11,253
down €11,253 (-95.7%), from €11,753 to €500
- Other operating charges -€4,271
down €4,271 (-50.8%), from €8,415 to €4,144
- Financial charges -€4,091
down €4,091 (-16.7%), from €24,449 to €20,358
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 | €1,143,354 | €1,107,195 | -€36,159 | -3.2% |
| Fixed assets | 21/28 | €1,141,592 | €1,104,882 | -€36,709 | -3.2% |
| Intangible fixed assets | 21 | €3,000 | €0 | -€3,000 | -100% |
| Tangible fixed assets | 22/27 | €1,132,210 | €1,104,882 | -€27,328 | -2.4% |
| Land and buildings | 22 | €1,132,210 | €1,104,882 | -€27,328 | -2.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €6,381 | €0 | -€6,381 | -100% |
| Current assets | 29/58 | €1,763 | €2,313 | +€550 | +31.2% |
| Amounts receivable within one year | 40/41 | €1,715 | €588 | -€1,127 | -65.7% |
| Trade receivables | 40 | €1,142 | €215 | -€927 | -81.2% |
| Other amounts receivable | 41 | €573 | €373 | -€200 | -34.9% |
| Cash at bank and in hand | 54/58 | €48 | €1,725 | +€1,677 | +3,512% |
| Total equity and liabilities | 10/49 | €1,143,354 | €1,107,195 | -€36,159 | -3.2% |
| Equity | 10/15 | -€25,007 | -€50,707 | -€25,700 | -103% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,607 | -€219,307 | -€25,700 | -13.3% |
| Amounts payable | 17/49 | €1,168,361 | €1,157,902 | -€10,459 | -0.9% |
| Amounts payable after more than one year | 17 | €364,800 | €345,203 | -€19,597 | -5.4% |
| Financial debts | 170/4 | €364,800 | €345,203 | -€19,597 | -5.4% |
| Amounts payable within one year | 42/48 | €803,561 | €812,699 | +€9,138 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €18,574 | €19,597 | +€1,023 | +5.5% |
| Trade debts | 44 | €1,413 | €260 | -€1,153 | -81.6% |
| Suppliers | 440/4 | €1,413 | €260 | -€1,153 | -81.6% |
| Taxes, remuneration and social security | 45 | €1,103 | €1,103 | = | 0.0% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €1,103 | €1,103 | = | 0.0% |
| Other amounts payable | 47/48 | €782,471 | €791,739 | +€9,268 | +1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €18,720 | +€18,720 | |
| Remuneration, social security and pensions | 62 | €11,753 | €500 | -€11,253 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,726 | €27,928 | +€2,203 | +8.6% |
| Other operating charges | 640/8 | €8,415 | €4,144 | -€4,271 | -50.8% |
| Non-recurring operating charges | 66A | - | €2,400 | +€2,400 | |
| Gross operating margin | 9900 | €7,905 | €29,630 | +€21,724 | +275% |
| Operating profit (loss) | 9901 | -€37,988 | -€5,343 | +€32,646 | +85.9% |
| Financial charges | 65/66B | €24,449 | €20,358 | -€4,091 | -16.7% |
| Recurring financial charges | 65 | €24,449 | €20,358 | -€4,091 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€62,437 | -€25,700 | +€36,737 | +58.8% |
| Profit (loss) for the period | 9904 | -€62,437 | -€25,700 | +€36,737 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,437 | -€25,700 | +€36,737 | +58.8% |
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.