IVOMA: 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.
IVOMA
Largest movements
- Receivables after one year +€12,463
up €12,463 (+7.7%), from €161,249 to €173,712
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,756
up €1,756 (+13.4%), from €13,155 to €14,911
- Financial income -€1,267
down €1,267 (-18.2%), from €6,975 to €5,708
- Other operating charges +€443
up €443 (+3.5%), from €12,573 to €13,015
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 | €801,126 | €811,203 | +€10,077 | +1.3% |
| Fixed assets | 21/28 | €628,478 | €628,478 | = | 0.0% |
| Tangible fixed assets | 22/27 | €135,169 | €135,169 | = | 0.0% |
| Land and buildings | 22 | €135,169 | €135,169 | = | 0.0% |
| Financial fixed assets | 28 | €493,308 | €493,308 | = | 0.0% |
| Current assets | 29/58 | €172,649 | €182,725 | +€10,077 | +5.8% |
| Amounts receivable after more than one year | 29 | €161,249 | €173,712 | +€12,463 | +7.7% |
| Other amounts receivable | 291 | €161,249 | €173,712 | +€12,463 | +7.7% |
| Amounts receivable within one year | 40/41 | €1,151 | - | -€1,151 | |
| Trade receivables | 40 | €1,151 | - | -€1,151 | |
| Cash at bank and in hand | 54/58 | €23 | €26 | +€3 | +13.4% |
| Deferred charges and accrued income | 490/1 | €10,226 | €8,987 | -€1,239 | -12.1% |
| Total equity and liabilities | 10/49 | €801,126 | €811,203 | +€10,077 | +1.3% |
| Equity | 10/15 | €800,045 | €807,649 | +€7,604 | +1.0% |
| Contributions | 10/11 | €645,000 | €645,000 | = | 0.0% |
| Capital | 10 | €645,000 | €645,000 | = | 0.0% |
| Issued capital | 100 | €645,000 | €645,000 | = | 0.0% |
| Reserves | 13 | €107,000 | €107,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €64,500 | €64,500 | = | 0.0% |
| Legal reserve | 130 | €64,500 | €64,500 | = | 0.0% |
| Distributable reserves | 133 | €42,500 | €42,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,045 | €55,649 | +€7,604 | +15.8% |
| Amounts payable | 17/49 | €1,081 | €3,554 | +€2,473 | +228.7% |
| Amounts payable within one year | 42/48 | €1,081 | €3,554 | +€2,473 | +228.7% |
| Trade debts | 44 | - | €2,473 | +€2,473 | |
| Suppliers | 440/4 | - | €2,473 | +€2,473 | |
| Other amounts payable | 47/48 | €1,081 | €1,081 | = | 0.0% |
| Other operating charges | 640/8 | €12,573 | €13,015 | +€443 | +3.5% |
| Gross operating margin | 9900 | €13,155 | €14,911 | +€1,756 | +13.4% |
| Operating profit (loss) | 9901 | €582 | €1,896 | +€1,314 | +225.6% |
| Financial income | 75/76B | €6,975 | €5,708 | -€1,267 | -18.2% |
| Recurring financial income | 75 | €6,975 | €5,708 | -€1,267 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €7,557 | €7,604 | +€47 | +0.6% |
| Profit (loss) for the period | 9904 | €7,557 | €7,604 | +€47 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,557 | €7,604 | +€47 | +0.6% |
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 3 October 2026 via checked.be.