iVOX: 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.
iVOX
Largest movements
- Receivables within one year +€239,477
up €239,477 (+16.9%), from €1.4m to €1.7m
of which Trade receivables: +€142,143
- Intangible fixed assets -€107,814
down €107,814 (-36.5%), from €295,336 to €187,522
- Cash -€57,234
down €57,234 (-19.5%), from €293,810 to €236,576
mainly Receivables within one year (-€239,477) and Investment in fixed assets (net) (-€189,011)
- Tangible fixed assets +€27,273
up €27,273 (+12.1%), from €225,134 to €252,407
of which Furniture and vehicles: +€22,289
- Short-term financial debts +€225,656
new in 2025: €225,656
- Trade debts +€216,023
up €216,023 (+43.2%), from €499,628 to €715,651
- Reserves -€164,498
down €164,498 (-27.9%), from €588,967 to €424,469
of which Distributable reserves: -€164,498
- Tax, wage and social debts -€151,939
down €151,939 (-33.1%), from €459,436 to €307,496
of which Taxes: -€161,480
- Provisions -€53,104
down €53,104 (-11.1%), from €476,955 to €423,851
- Taxes -€206,016
down €206,016, from €197,657 to -€8,359
- Gross operating margin -€176,325
down €176,325 (-9.1%), from €1.9m to €1.8m
- Provisions -€63,252
down €63,252, from €10,148 to -€53,104
- Write-downs -€62,966
down €62,966, from €38,331 to -€24,635
- Staff costs +€55,705
up €55,705 (+3.7%), from €1.5m to €1.6m
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 | €2,333,676 | €2,415,167 | +€81,492 | +3.5% |
| Fixed assets | 21/28 | €529,650 | €448,059 | -€81,591 | -15.4% |
| Intangible fixed assets | 21 | €295,336 | €187,522 | -€107,814 | -36.5% |
| Tangible fixed assets | 22/27 | €225,134 | €252,407 | +€27,273 | +12.1% |
| Plant, machinery and equipment | 23 | €1,463 | €3,516 | +€2,053 | +140.4% |
| Furniture and vehicles | 24 | €23,331 | €45,619 | +€22,289 | +95.5% |
| Other tangible fixed assets | 26 | €200,340 | €203,271 | +€2,931 | +1.5% |
| Financial fixed assets | 28 | €9,180 | €8,130 | -€1,050 | -11.4% |
| Current assets | 29/58 | €1,804,026 | €1,967,109 | +€163,083 | +9.0% |
| Stocks and contracts in progress | 3 | €48,888 | €33,833 | -€15,055 | -30.8% |
| Stocks | 30/36 | €48,888 | €33,833 | -€15,055 | -30.8% |
| Amounts receivable within one year | 40/41 | €1,416,035 | €1,655,512 | +€239,477 | +16.9% |
| Trade receivables | 40 | €1,413,370 | €1,555,512 | +€142,143 | +10.1% |
| Other amounts receivable | 41 | €2,666 | €100,000 | +€97,334 | +3651.5% |
| Cash at bank and in hand | 54/58 | €293,810 | €236,576 | -€57,234 | -19.5% |
| Deferred charges and accrued income | 490/1 | €45,293 | €41,187 | -€4,106 | -9.1% |
| Total equity and liabilities | 10/49 | €2,333,676 | €2,415,167 | +€81,492 | +3.5% |
| Equity | 10/15 | €657,567 | €493,069 | -€164,498 | -25.0% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €588,967 | €424,469 | -€164,498 | -27.9% |
| Non-distributable reserves | 130/1 | €6,860 | €6,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €582,107 | €417,609 | -€164,498 | -28.3% |
| Provisions and deferred taxes | 16 | €476,955 | €423,851 | -€53,104 | -11.1% |
| Provisions for liabilities and charges | 160/5 | €476,955 | €423,851 | -€53,104 | -11.1% |
| Other liabilities and charges | 164/5 | €476,955 | €423,851 | -€53,104 | -11.1% |
| Amounts payable | 17/49 | €1,199,153 | €1,498,247 | +€299,094 | +24.9% |
| Amounts payable within one year | 42/48 | €961,207 | €1,248,804 | +€287,597 | +29.9% |
| Financial debts | 43 | - | €225,656 | +€225,656 | |
| Credit institutions | 430/8 | - | €225,656 | +€225,656 | |
| Trade debts | 44 | €499,628 | €715,651 | +€216,023 | +43.2% |
| Suppliers | 440/4 | €499,628 | €715,651 | +€216,023 | +43.2% |
| Taxes, remuneration and social security | 45 | €459,436 | €307,496 | -€151,939 | -33.1% |
| Taxes | 450/3 | €317,889 | €156,409 | -€161,480 | -50.8% |
| Remuneration and social security | 454/9 | €141,547 | €151,088 | +€9,541 | +6.7% |
| Other amounts payable | 47/48 | €2,143 | - | -€2,143 | |
| Accrued charges and deferred income | 492/3 | €237,947 | €249,444 | +€11,497 | +4.8% |
| Non-recurring operating income | 76A | - | €553 | +€553 | |
| Remuneration, social security and pensions | 62 | €1,511,024 | €1,566,729 | +€55,705 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,634 | €270,602 | +€48,968 | +22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,331 | -€24,635 | -€62,966 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,148 | -€53,104 | -€63,252 | |
| Other operating charges | 640/8 | €6,350 | €37,866 | +€31,515 | +496.3% |
| Non-recurring operating charges | 66A | €535 | €104,313 | +€103,778 | +19382.8% |
| Gross operating margin | 9900 | €1,927,661 | €1,751,335 | -€176,325 | -9.1% |
| Operating profit (loss) | 9901 | €139,638 | -€150,435 | -€290,074 | |
| Financial income | 75/76B | €678 | €4,946 | +€4,268 | +629.8% |
| Recurring financial income | 75 | €678 | €4,946 | +€4,268 | +629.8% |
| Financial charges | 65/66B | €24,165 | €27,368 | +€3,203 | +13.3% |
| Recurring financial charges | 65 | €24,165 | €27,368 | +€3,203 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €116,151 | -€172,857 | -€289,008 | |
| Income taxes | 67/77 | €197,657 | -€8,359 | -€206,016 | |
| Profit (loss) for the period | 9904 | -€81,506 | -€164,498 | -€82,992 | -101.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,506 | -€164,498 | -€82,992 | -101.8% |
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 11 October 2026 via checked.be.