IVOMART: 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.
IVOMART
Largest movements
- Receivables within one year +€34,635
up €34,635 (+388%), from €8,924 to €43,559
of which Other amounts receivable: +€37,460
- Tangible fixed assets -€1,008
down €1,008 (-100%), from €1,008 to €0
- Reserves +€25,000
up €25,000 (+167%), from €15,000 to €40,000
- Tax, wage and social debts +€5,154
new in 2025: €5,154
- Profit (loss) carried forward +€4,151
up €4,151, from -€4,085 to €66
- Trade debts -€1,851
down €1,851 (-96.9%), from €1,909 to €58
- Short-term financial debts +€1,174
up €1,174 (+33.5%), from €3,507 to €4,681
- Gross operating margin +€24,766
up €24,766 (+234%), from €10,588 to €35,354
- Taxes +€5,154
new in 2025: €5,154
- Financial income +€1,087
up €1,087 (+153%), from €708 to €1,795
- Depreciation -€533
down €533 (-34.6%), from €1,541 to €1,008
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,932 | €68,559 | +€33,628 | +96.3% |
| Fixed assets | 21/28 | €1,008 | €0 | -€1,008 | -100% |
| Tangible fixed assets | 22/27 | €1,008 | €0 | -€1,008 | -100% |
| Other tangible fixed assets | 26 | €1,008 | €0 | -€1,008 | -100% |
| Current assets | 29/58 | €33,924 | €68,559 | +€34,635 | +102% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,924 | €43,559 | +€34,635 | +388% |
| Trade receivables | 40 | €6,739 | €3,914 | -€2,824 | -41.9% |
| Other amounts receivable | 41 | €2,185 | €39,645 | +€37,460 | +1,714% |
| Total equity and liabilities | 10/49 | €34,932 | €68,559 | +€33,628 | +96.3% |
| Equity | 10/15 | €29,515 | €58,666 | +€29,151 | +98.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,000 | €40,000 | +€25,000 | +167% |
| Distributable reserves | 133 | €15,000 | €40,000 | +€25,000 | +167% |
| Profit (loss) carried forward | 14 | -€4,085 | €66 | +€4,151 | |
| Amounts payable | 17/49 | €5,416 | €9,893 | +€4,477 | +82.7% |
| Amounts payable within one year | 42/48 | €5,416 | €9,893 | +€4,477 | +82.7% |
| Financial debts | 43 | €3,507 | €4,681 | +€1,174 | +33.5% |
| Credit institutions | 430/8 | €3,507 | €4,681 | +€1,174 | +33.5% |
| Trade debts | 44 | €1,909 | €58 | -€1,851 | -96.9% |
| Suppliers | 440/4 | €1,909 | €58 | -€1,851 | -96.9% |
| Taxes, remuneration and social security | 45 | - | €5,154 | +€5,154 | |
| Taxes | 450/3 | - | €5,154 | +€5,154 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,541 | €1,008 | -€533 | -34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €875 | €873 | -€2 | -0.2% |
| Gross operating margin | 9900 | €10,588 | €35,354 | +€24,766 | +234% |
| Operating profit (loss) | 9901 | €8,172 | €33,472 | +€25,300 | +310% |
| Financial income | 75/76B | €708 | €1,795 | +€1,087 | +153% |
| Recurring financial income | 75 | €708 | €1,795 | +€1,087 | +153% |
| Financial charges | 65/66B | €1,034 | €962 | -€71 | -6.9% |
| Recurring financial charges | 65 | €1,034 | €962 | -€71 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €7,847 | €34,305 | +€26,458 | +337% |
| Income taxes | 67/77 | - | €5,154 | +€5,154 | |
| Profit (loss) for the period | 9904 | €7,847 | €29,151 | +€21,304 | +272% |
| Profit (loss) for the period to be appropriated | 9905 | €7,847 | €29,151 | +€21,304 | +272% |
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 28 October 2026 via checked.be.