iVOLVER: 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.
iVOLVER
Largest movements
- Receivables within one year -€43,159
down €43,159 (-97.6%), from €44,230 to €1,070
of which Trade receivables: -€43,049
- Financial fixed assets +€37,352
new in 2025: €37,352
- Cash +€15,431
up €15,431 (+446.8%), from €3,453 to €18,884
mainly Receivables within one year (+€43,159) and Net result for the year (+€9,848)
- Current investments +€10,000
up €10,000 (+36.4%), from €27,500 to €37,500
- Deferred charges and accrued income -€6,841
down €6,841 (-81.8%), from €8,362 to €1,521
- Reserves +€9,848
up €9,848 (+98.8%), from €9,969 to €19,817
- Trade debts -€4,629
down €4,629 (-36.8%), from €12,581 to €7,952
- Tax, wage and social debts +€2,144
up €2,144 (+10.4%), from €20,642 to €22,786
of which Taxes: +€4,967
- Accrued charges and deferred income +€1,100
new in 2025: €1,100
- Gross operating margin +€12,732
up €12,732 (+100.1%), from €12,713 to €25,445
- Taxes +€3,023
up €3,023 (+60.2%), from €5,018 to €8,041
- Other operating charges -€746
down €746 (-43.0%), from €1,735 to €989
- Depreciation -€524
down €524 (-14.1%), from €3,716 to €3,193
- Financial income -€504
down €504 (-100.0%), from €504 to €0
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.
Cash bridge derived
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 | €100,607 | €109,155 | +€8,548 | +8.5% |
| Fixed assets | 21/28 | €17,062 | €50,179 | +€33,117 | +194.1% |
| Tangible fixed assets | 22/27 | €17,062 | €12,827 | -€4,235 | -24.8% |
| Plant, machinery and equipment | 23 | €1,823 | €1,575 | -€247 | -13.6% |
| Furniture and vehicles | 24 | €11,365 | €7,818 | -€3,547 | -31.2% |
| Other tangible fixed assets | 26 | €3,874 | €3,433 | -€440 | -11.4% |
| Financial fixed assets | 28 | - | €37,352 | +€37,352 | |
| Current assets | 29/58 | €83,545 | €58,976 | -€24,569 | -29.4% |
| Amounts receivable within one year | 40/41 | €44,230 | €1,070 | -€43,159 | -97.6% |
| Trade receivables | 40 | €44,120 | €1,070 | -€43,049 | -97.6% |
| Other amounts receivable | 41 | €110 | €0 | -€110 | -100.0% |
| Current investments | 50/53 | €27,500 | €37,500 | +€10,000 | +36.4% |
| Cash at bank and in hand | 54/58 | €3,453 | €18,884 | +€15,431 | +446.8% |
| Deferred charges and accrued income | 490/1 | €8,362 | €1,521 | -€6,841 | -81.8% |
| Total equity and liabilities | 10/49 | €100,607 | €109,155 | +€8,548 | +8.5% |
| Equity | 10/15 | €57,692 | €67,540 | +€9,848 | +17.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €9,969 | €19,817 | +€9,848 | +98.8% |
| Distributable reserves | 133 | €9,969 | €19,817 | +€9,848 | +98.8% |
| Profit (loss) carried forward | 14 | €40,723 | €40,723 | = | 0.0% |
| Amounts payable | 17/49 | €42,915 | €41,615 | -€1,300 | -3.0% |
| Amounts payable within one year | 42/48 | €42,915 | €40,515 | -€2,400 | -5.6% |
| Trade debts | 44 | €12,581 | €7,952 | -€4,629 | -36.8% |
| Suppliers | 440/4 | €12,581 | €7,952 | -€4,629 | -36.8% |
| Advances received on contracts in progress | 46 | €345 | €0 | -€345 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,642 | €22,786 | +€2,144 | +10.4% |
| Taxes | 450/3 | €17,818 | €22,786 | +€4,967 | +27.9% |
| Remuneration and social security | 454/9 | €2,823 | €0 | -€2,823 | -100.0% |
| Other amounts payable | 47/48 | €9,348 | €9,777 | +€429 | +4.6% |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,716 | €3,193 | -€524 | -14.1% |
| Other operating charges | 640/8 | €1,735 | €989 | -€746 | -43.0% |
| Non-recurring operating charges | 66A | - | €1,342 | +€1,342 | |
| Gross operating margin | 9900 | €12,713 | €25,445 | +€12,732 | +100.1% |
| Operating profit (loss) | 9901 | €7,262 | €19,921 | +€12,660 | +174.3% |
| Financial income | 75/76B | €504 | €0 | -€504 | -100.0% |
| Recurring financial income | 75 | €504 | €0 | -€504 | -100.0% |
| Financial charges | 65/66B | €2,383 | €2,033 | -€351 | -14.7% |
| Recurring financial charges | 65 | €2,383 | €2,033 | -€351 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €5,383 | €17,889 | +€12,506 | +232.3% |
| Income taxes | 67/77 | €5,018 | €8,041 | +€3,023 | +60.2% |
| Profit (loss) for the period | 9904 | €365 | €9,848 | +€9,483 | +2599.1% |
| Profit (loss) for the period to be appropriated | 9905 | €365 | €9,848 | +€9,483 | +2599.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.