IVORY VOICE NETWORK: 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.
IVORY VOICE NETWORK
Largest movements
- Receivables within one year +€9,624
up €9,624 (+126%), from €7,657 to €17,281
of which Trade receivables: +€9,820
- Cash -€8,370
down €8,370 (-68.4%), from €12,230 to €3,859
mainly Receivables within one year (-€9,624) and Other debts (-€4,630)
- Tangible fixed assets -€1,125
down €1,125 (-56.1%), from €2,006 to €881
- Stocks and contracts -€920
down €920 (-40.8%), from €2,257 to €1,337
- Trade debts +€6,355
up €6,355 (+177%), from €3,590 to €9,945
- Other debts -€4,630
down €4,630 (-2.3%), from €204,922 to €200,291
- Profit (loss) carried forward -€2,656
down €2,656 (-0.9%), from -€293,850 to -€296,507
- Gross operating margin +€1,809
up €1,809 (+74.8%), from -€2,418 to -€609
- Depreciation -€279
down €279 (-19.9%), from €1,405 to €1,125
- Financial charges +€139
up €139 (+36.3%), from €383 to €523
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 | €24,673 | €23,884 | -€788 | -3.2% |
| Fixed assets | 21/28 | €2,006 | €881 | -€1,125 | -56.1% |
| Tangible fixed assets | 22/27 | €2,006 | €881 | -€1,125 | -56.1% |
| Furniture and vehicles | 24 | €2,006 | €881 | -€1,125 | -56.1% |
| Current assets | 29/58 | €22,667 | €23,004 | +€337 | +1.5% |
| Stocks and contracts in progress | 3 | €2,257 | €1,337 | -€920 | -40.8% |
| Stocks | 30/36 | €2,257 | €1,337 | -€920 | -40.8% |
| Amounts receivable within one year | 40/41 | €7,657 | €17,281 | +€9,624 | +126% |
| Trade receivables | 40 | €298 | €10,118 | +€9,820 | +3,294% |
| Other amounts receivable | 41 | €7,359 | €7,163 | -€196 | -2.7% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,230 | €3,859 | -€8,370 | -68.4% |
| Deferred charges and accrued income | 490/1 | €523 | €526 | +€3 | +0.6% |
| Total equity and liabilities | 10/49 | €24,673 | €23,884 | -€788 | -3.2% |
| Equity | 10/15 | -€183,850 | -€186,507 | -€2,656 | -1.4% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,850 | -€296,507 | -€2,656 | -0.9% |
| Amounts payable | 17/49 | €208,523 | €210,391 | +€1,868 | +0.9% |
| Amounts payable within one year | 42/48 | €208,523 | €210,391 | +€1,868 | +0.9% |
| Financial debts | 43 | €11 | €11 | +€0 | +1.4% |
| Credit institutions | 430/8 | €11 | €11 | +€0 | +1.4% |
| Trade debts | 44 | €3,590 | €9,945 | +€6,355 | +177% |
| Suppliers | 440/4 | €3,590 | €9,945 | +€6,355 | +177% |
| Advances received on contracts in progress | 46 | - | €143 | +€143 | |
| Other amounts payable | 47/48 | €204,922 | €200,291 | -€4,630 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,405 | €1,125 | -€279 | -19.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,418 | -€609 | +€1,809 | +74.8% |
| Operating profit (loss) | 9901 | -€4,210 | -€2,134 | +€2,076 | +49.3% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €383 | €523 | +€139 | +36.3% |
| Recurring financial charges | 65 | €383 | €523 | +€139 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,585 | -€2,656 | +€1,929 | +42.1% |
| Profit (loss) for the period | 9904 | -€4,585 | -€2,656 | +€1,929 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,585 | -€2,656 | +€1,929 | +42.1% |
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 15 October 2026 via checked.be.