IVW CONSULTING: 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.
IVW CONSULTING
Largest movements
- Tangible fixed assets -€21,948
down €21,948 (-3.1%), from €712,262 to €690,315
- Receivables after one year -€20,500
down €20,500 (-8.9%), from €230,782 to €210,282
- Debts after one year -€18,777
down €18,777 (-11.0%), from €170,236 to €151,458
- Reserves -€17,813
down €17,813 (-1.7%), from €1.1m to €1.0m
of which Distributable reserves: -€17,813
- Other debts -€17,449
down €17,449 (-72.0%), from €24,233 to €6,785
- Gross operating margin +€1,454
up €1,454 (+26.4%), from €5,514 to €6,968
- Financial income -€1,199
down €1,199 (-23.9%), from €5,011 to €3,812
- Financial charges -€234
down €234 (-5.6%), from €4,170 to €3,936
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 | €1,288,509 | €1,234,928 | -€53,581 | -4.2% |
| Fixed assets | 21/28 | €712,262 | €690,315 | -€21,948 | -3.1% |
| Tangible fixed assets | 22/27 | €712,262 | €690,315 | -€21,948 | -3.1% |
| Land and buildings | 22 | €712,262 | €690,315 | -€21,948 | -3.1% |
| Current assets | 29/58 | €576,247 | €544,614 | -€31,633 | -5.5% |
| Amounts receivable after more than one year | 29 | €230,782 | €210,282 | -€20,500 | -8.9% |
| Other amounts receivable | 291 | €230,782 | €210,282 | -€20,500 | -8.9% |
| Amounts receivable within one year | 40/41 | €46,400 | €34,269 | -€12,131 | -26.1% |
| Other amounts receivable | 41 | €46,400 | €34,269 | -€12,131 | -26.1% |
| Cash at bank and in hand | 54/58 | €299,065 | €300,063 | +€998 | +0.3% |
| Total equity and liabilities | 10/49 | €1,288,509 | €1,234,928 | -€53,581 | -4.2% |
| Equity | 10/15 | €1,073,531 | €1,055,718 | -€17,813 | -1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,067,331 | €1,049,518 | -€17,813 | -1.7% |
| Tax-exempt reserves | 132 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €1,050,831 | €1,033,018 | -€17,813 | -1.7% |
| Amounts payable | 17/49 | €214,979 | €179,210 | -€35,768 | -16.6% |
| Amounts payable after more than one year | 17 | €170,236 | €151,458 | -€18,777 | -11.0% |
| Financial debts | 170/4 | €170,236 | €151,458 | -€18,777 | -11.0% |
| Amounts payable within one year | 42/48 | €44,743 | €27,752 | -€16,991 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €18,410 | €18,777 | +€367 | +2.0% |
| Trade debts | 44 | €845 | €890 | +€45 | +5.3% |
| Suppliers | 440/4 | €845 | €890 | +€45 | +5.3% |
| Taxes, remuneration and social security | 45 | €1,255 | €1,300 | +€45 | +3.6% |
| Taxes | 450/3 | €1,255 | €1,300 | +€45 | +3.6% |
| Other amounts payable | 47/48 | €24,233 | €6,785 | -€17,449 | -72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,948 | €21,948 | = | 0.0% |
| Other operating charges | 640/8 | €2,760 | €2,709 | -€51 | -1.8% |
| Gross operating margin | 9900 | €5,514 | €6,968 | +€1,454 | +26.4% |
| Operating profit (loss) | 9901 | -€19,193 | -€17,688 | +€1,505 | +7.8% |
| Financial income | 75/76B | €5,011 | €3,812 | -€1,199 | -23.9% |
| Recurring financial income | 75 | €5,011 | €3,812 | -€1,199 | -23.9% |
| Financial charges | 65/66B | €4,170 | €3,936 | -€234 | -5.6% |
| Recurring financial charges | 65 | €4,170 | €3,936 | -€234 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,352 | -€17,813 | +€539 | +2.9% |
| Profit (loss) for the period | 9904 | -€18,352 | -€17,813 | +€539 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,352 | -€17,813 | +€539 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.