IVY MEW: 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 MEW
Largest movements
- Receivables within one year -€18,706
down €18,706 (-34.1%), from €54,860 to €36,154
of which Trade receivables: -€22,927
- Cash +€12,669
up €12,669 (+104%), from €12,144 to €24,813
mainly Receivables within one year (+€18,706) and Trade debts (+€2,551)
- Short-term financial debts -€3,412
down €3,412 (-40.6%), from €8,412 to €5,000
- Profit (loss) carried forward -€2,633
down €2,633 (-5.8%), from €45,589 to €42,955
- Trade debts +€2,551
new in 2025: €2,551
- Accrued charges and deferred income -€1,843
no longer reported in 2025 (was €1,843)
- Tax, wage and social debts -€699
down €699 (-40.9%), from €1,708 to €1,009
- Gross operating margin -€15,072
down €15,072, from €13,201 to -€1,872
- Taxes -€2,646
down €2,646 (-96.0%), from €2,755 to €109
- Financial income +€551
up €551 (+173%), from €318 to €869
- Other operating charges -€537
down €537 (-45.0%), from €1,192 to €655
- Financial charges -€206
down €206 (-22.1%), from €934 to €728
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 | €67,004 | €60,967 | -€6,037 | -9.0% |
| Current assets | 29/58 | €67,004 | €60,967 | -€6,037 | -9.0% |
| Amounts receivable within one year | 40/41 | €54,860 | €36,154 | -€18,706 | -34.1% |
| Trade receivables | 40 | €22,927 | €0 | -€22,927 | -100% |
| Other amounts receivable | 41 | €31,933 | €36,154 | +€4,221 | +13.2% |
| Cash at bank and in hand | 54/58 | €12,144 | €24,813 | +€12,669 | +104% |
| Total equity and liabilities | 10/49 | €67,004 | €60,967 | -€6,037 | -9.0% |
| Equity | 10/15 | €48,889 | €46,255 | -€2,633 | -5.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,589 | €42,955 | -€2,633 | -5.8% |
| Amounts payable | 17/49 | €18,116 | €14,712 | -€3,404 | -18.8% |
| Amounts payable within one year | 42/48 | €16,272 | €14,712 | -€1,560 | -9.6% |
| Financial debts | 43 | €8,412 | €5,000 | -€3,412 | -40.6% |
| Credit institutions | 430/8 | €8,412 | €5,000 | -€3,412 | -40.6% |
| Trade debts | 44 | - | €2,551 | +€2,551 | |
| Suppliers | 440/4 | - | €2,551 | +€2,551 | |
| Taxes, remuneration and social security | 45 | €1,708 | €1,009 | -€699 | -40.9% |
| Taxes | 450/3 | €1,708 | €1,009 | -€699 | -40.9% |
| Other amounts payable | 47/48 | €6,151 | €6,151 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,843 | - | -€1,843 | |
| Remuneration, social security and pensions | 62 | - | €139 | +€139 | |
| Other operating charges | 640/8 | €1,192 | €655 | -€537 | -45.0% |
| Gross operating margin | 9900 | €13,201 | -€1,872 | -€15,072 | |
| Operating profit (loss) | 9901 | €12,009 | -€2,665 | -€14,674 | |
| Financial income | 75/76B | €318 | €869 | +€551 | +173% |
| Recurring financial income | 75 | €318 | €869 | +€551 | +173% |
| Financial charges | 65/66B | €934 | €728 | -€206 | -22.1% |
| Recurring financial charges | 65 | €934 | €728 | -€206 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €11,393 | -€2,524 | -€13,917 | |
| Income taxes | 67/77 | €2,755 | €109 | -€2,646 | -96.0% |
| Profit (loss) for the period | 9904 | €8,638 | -€2,633 | -€11,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,638 | -€2,633 | -€11,271 |
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 24 October 2026 via checked.be.