IVY 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.
IVY CONSULTING
Largest movements
- Receivables within one year +€88,824
up €88,824 (+36.3%), from €244,583 to €333,408
of which Trade receivables: +€105,473
- Tangible fixed assets -€50,231
down €50,231 (-72.7%), from €69,082 to €18,851
of which Furniture and vehicles: -€49,189
- Cash +€21,245
up €21,245 (+251%), from €8,460 to €29,705
mainly Trade debts (+€73,956) and Net result for the year (+€25,504)
- Trade debts +€73,956
up €73,956 (+72.2%), from €102,370 to €176,326
- Profit (loss) carried forward -€19,496
down €19,496 (-12.1%), from €160,686 to €141,190
- Tax, wage and social debts +€5,378
up €5,378 (+38.6%), from €13,922 to €19,301
of which Taxes: +€4,520
- Financial charges +€78,835
up €78,835 (+1,008%), from €7,822 to €86,657
- Taxes -€69,588
down €69,588 (-90.4%), from €76,949 to €7,361
- Gross operating margin +€46,500
up €46,500 (+29.7%), from €156,390 to €202,890
- Write-downs -€35,658
down €35,658 (-57.2%), from €62,298 to €26,640
- Other operating charges +€11,561
up €11,561 (+87.6%), from €13,204 to €24,766
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 | €326,978 | €386,817 | +€59,839 | +18.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €71,282 | €21,051 | -€50,231 | -70.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €69,082 | €18,851 | -€50,231 | -72.7% |
| Plant, machinery and equipment | 23 | €1,455 | €413 | -€1,042 | -71.6% |
| Furniture and vehicles | 24 | €67,626 | €18,437 | -€49,189 | -72.7% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €255,697 | €365,766 | +€110,070 | +43.0% |
| Stocks and contracts in progress | 3 | €2,653 | €2,653 | = | 0.0% |
| Stocks | 30/36 | €2,653 | €2,653 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €244,583 | €333,408 | +€88,824 | +36.3% |
| Trade receivables | 40 | €167,462 | €272,934 | +€105,473 | +63.0% |
| Other amounts receivable | 41 | €77,121 | €60,473 | -€16,648 | -21.6% |
| Cash at bank and in hand | 54/58 | €8,460 | €29,705 | +€21,245 | +251% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €326,978 | €386,817 | +€59,839 | +18.3% |
| Equity | 10/15 | €165,686 | €146,190 | -€19,496 | -11.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,686 | €141,190 | -€19,496 | -12.1% |
| Amounts payable | 17/49 | €161,292 | €240,626 | +€79,334 | +49.2% |
| Amounts payable within one year | 42/48 | €161,292 | €240,626 | +€79,334 | +49.2% |
| Trade debts | 44 | €102,370 | €176,326 | +€73,956 | +72.2% |
| Suppliers | 440/4 | €102,370 | €176,326 | +€73,956 | +72.2% |
| Taxes, remuneration and social security | 45 | €13,922 | €19,301 | +€5,378 | +38.6% |
| Taxes | 450/3 | €13,922 | €18,442 | +€4,520 | +32.5% |
| Remuneration and social security | 454/9 | - | €858 | +€858 | |
| Other amounts payable | 47/48 | €45,000 | €45,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | €8,237 | +€8,237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,795 | €25,231 | -€8,564 | -25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €62,298 | €26,640 | -€35,658 | -57.2% |
| Other operating charges | 640/8 | €13,204 | €24,766 | +€11,561 | +87.6% |
| Gross operating margin | 9900 | €156,390 | €202,890 | +€46,500 | +29.7% |
| Operating profit (loss) | 9901 | €47,093 | €118,016 | +€70,924 | +151% |
| Financial income | 75/76B | €5,344 | €1,505 | -€3,838 | -71.8% |
| Recurring financial income | 75 | €344 | €1,505 | +€1,162 | +338% |
| Non-recurring financial income | 76B | €5,000 | €0 | -€5,000 | -100% |
| Financial charges | 65/66B | €7,822 | €86,657 | +€78,835 | +1,008% |
| Recurring financial charges | 65 | €7,822 | €86,657 | +€78,835 | +1,008% |
| Profit (loss) for the period before taxes | 9903 | €44,614 | €32,865 | -€11,750 | -26.3% |
| Income taxes | 67/77 | €76,949 | €7,361 | -€69,588 | -90.4% |
| Profit (loss) for the period | 9904 | -€32,334 | €25,504 | +€57,839 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,334 | €25,504 | +€57,839 |
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 28 October 2026 via checked.be.