IVRenergy: 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.
IVRenergy
Largest movements
- Deferred charges and accrued income +€8,622
new in 2025: €8,622
- Cash -€4,439
down €4,439 (-1.7%), from €260,446 to €256,007
mainly Tax, wage and social debts (-€61,839) and Deferred charges and accrued income (-€8,622)
- Receivables within one year +€3,562
up €3,562 (+26.4%), from €13,515 to €17,077
of which Other amounts receivable: +€8,068
- Profit (loss) carried forward +€67,204
new in 2025: €67,204
- Tax, wage and social debts -€61,839
down €61,839 (-96.9%), from €63,839 to €2,000
of which Taxes: -€59,839
- Other debts +€3,479
up €3,479 (+60.2%), from €5,782 to €9,261
- Gross operating margin -€87,462
down €87,462 (-50.4%), from €173,454 to €85,992
- Taxes -€33,109
down €33,109 (-64.8%), from €51,074 to €17,965
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 | €273,962 | €283,173 | +€9,211 | +3.4% |
| Fixed assets | 21/28 | - | €1,466 | +€1,466 | |
| Tangible fixed assets | 22/27 | - | €1,466 | +€1,466 | |
| Plant, machinery and equipment | 23 | - | €1,466 | +€1,466 | |
| Current assets | 29/58 | €273,962 | €281,707 | +€7,745 | +2.8% |
| Amounts receivable within one year | 40/41 | €13,515 | €17,077 | +€3,562 | +26.4% |
| Trade receivables | 40 | €13,506 | €9,000 | -€4,506 | -33.4% |
| Other amounts receivable | 41 | €10 | €8,077 | +€8,068 | +82,916% |
| Cash at bank and in hand | 54/58 | €260,446 | €256,007 | -€4,439 | -1.7% |
| Deferred charges and accrued income | 490/1 | - | €8,622 | +€8,622 | |
| Total equity and liabilities | 10/49 | €273,962 | €283,173 | +€9,211 | +3.4% |
| Equity | 10/15 | €204,340 | €271,544 | +€67,204 | +32.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €201,340 | €201,340 | = | 0.0% |
| Distributable reserves | 133 | €201,340 | €201,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €67,204 | +€67,204 | |
| Amounts payable | 17/49 | €69,621 | €11,629 | -€57,992 | -83.3% |
| Amounts payable within one year | 42/48 | €69,621 | €11,629 | -€57,992 | -83.3% |
| Trade debts | 44 | - | €368 | +€368 | |
| Suppliers | 440/4 | - | €368 | +€368 | |
| Taxes, remuneration and social security | 45 | €63,839 | €2,000 | -€61,839 | -96.9% |
| Taxes | 450/3 | €59,839 | - | -€59,839 | |
| Remuneration and social security | 454/9 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Other amounts payable | 47/48 | €5,782 | €9,261 | +€3,479 | +60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €194 | +€194 | |
| Other operating charges | 640/8 | €118 | €575 | +€457 | +387% |
| Gross operating margin | 9900 | €173,454 | €85,992 | -€87,462 | -50.4% |
| Operating profit (loss) | 9901 | €173,336 | €85,223 | -€88,113 | -50.8% |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.9% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.9% |
| Financial charges | 65/66B | €59 | €55 | -€4 | -6.2% |
| Recurring financial charges | 65 | €59 | €55 | -€4 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €173,295 | €85,168 | -€88,126 | -50.9% |
| Income taxes | 67/77 | €51,074 | €17,965 | -€33,109 | -64.8% |
| Profit (loss) for the period | 9904 | €122,221 | €67,204 | -€55,017 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €122,221 | €67,204 | -€55,017 | -45.0% |
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 20 October 2026 via checked.be.