IVVIG: 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.
IVVIG
Largest movements
- Receivables after one year +€127,025
new in 2025: €127,025
of which Other amounts receivable: +€120,147
- Receivables within one year -€110,141
no longer reported in 2025 (was €110,141)
of which Other amounts receivable: -€103,383
- Tangible fixed assets +€3,578
up €3,578 (+312.1%), from €1,147 to €4,725
of which Furniture and vehicles: +€3,853
- Cash -€2,247
no longer reported in 2025 (was €2,247)
mainly Receivables after one year (-€127,025) and Tax, wage and social debts (-€5,833)
- Deferred charges and accrued income +€2,247
new in 2025: €2,247
- Trade debts +€11,997
up €11,997 (+268.6%), from €4,466 to €16,462
- Profit (loss) carried forward +€11,659
up €11,659 (+15.7%), from €74,285 to €85,943
- Tax, wage and social debts -€5,833
down €5,833 (-36.0%), from €16,184 to €10,350
- Accrued charges and deferred income +€2,641
new in 2025: €2,641
- Gross operating margin -€8,254
down €8,254 (-33.3%), from €24,808 to €16,554
- Taxes -€1,805
down €1,805 (-33.4%), from €5,397 to €3,592
- Other operating charges -€337
down €337 (-52.5%), from €642 to €305
- Financial charges +€311
up €311 (+168.3%), from €185 to €496
- Depreciation +€273
up €273 (+119.6%), from €228 to €502
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 | €113,534 | €133,997 | +€20,463 | +18.0% |
| Fixed assets | 21/28 | €1,147 | €4,725 | +€3,578 | +312.1% |
| Tangible fixed assets | 22/27 | €1,147 | €4,725 | +€3,578 | +312.1% |
| Plant, machinery and equipment | 23 | €1,147 | €872 | -€275 | -24.0% |
| Furniture and vehicles | 24 | - | €3,853 | +€3,853 | |
| Current assets | 29/58 | €112,387 | €129,272 | +€16,885 | +15.0% |
| Amounts receivable after more than one year | 29 | - | €127,025 | +€127,025 | |
| Trade receivables | 290 | - | €6,878 | +€6,878 | |
| Other amounts receivable | 291 | - | €120,147 | +€120,147 | |
| Amounts receivable within one year | 40/41 | €110,141 | - | -€110,141 | |
| Trade receivables | 40 | €6,757 | - | -€6,757 | |
| Other amounts receivable | 41 | €103,383 | - | -€103,383 | |
| Cash at bank and in hand | 54/58 | €2,247 | - | -€2,247 | |
| Deferred charges and accrued income | 490/1 | - | €2,247 | +€2,247 | |
| Total equity and liabilities | 10/49 | €113,534 | €133,997 | +€20,463 | +18.0% |
| Equity | 10/15 | €92,885 | €104,543 | +€11,659 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,285 | €85,943 | +€11,659 | +15.7% |
| Amounts payable | 17/49 | €20,649 | €29,454 | +€8,804 | +42.6% |
| Amounts payable within one year | 42/48 | €20,649 | €26,813 | +€6,163 | +29.8% |
| Trade debts | 44 | €4,466 | €16,462 | +€11,997 | +268.6% |
| Suppliers | 440/4 | €4,466 | €16,462 | +€11,997 | +268.6% |
| Taxes, remuneration and social security | 45 | €16,184 | €10,350 | -€5,833 | -36.0% |
| Taxes | 450/3 | €16,184 | €10,350 | -€5,833 | -36.0% |
| Accrued charges and deferred income | 492/3 | - | €2,641 | +€2,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €502 | +€273 | +119.6% |
| Other operating charges | 640/8 | €642 | €305 | -€337 | -52.5% |
| Gross operating margin | 9900 | €24,808 | €16,554 | -€8,254 | -33.3% |
| Operating profit (loss) | 9901 | €23,937 | €15,747 | -€8,190 | -34.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.8% |
| Financial charges | 65/66B | €185 | €496 | +€311 | +168.3% |
| Recurring financial charges | 65 | €185 | €496 | +€311 | +168.3% |
| Profit (loss) for the period before taxes | 9903 | €23,753 | €15,251 | -€8,502 | -35.8% |
| Income taxes | 67/77 | €5,397 | €3,592 | -€1,805 | -33.4% |
| Profit (loss) for the period | 9904 | €18,356 | €11,659 | -€6,698 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,356 | €11,659 | -€6,698 | -36.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.