TD IVST: what changed
Two fiscal 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.
TD IVST
Largest movements
- Receivables within one year +€188,300
up €188,300 (+230.8%), from €81,587 to €269,887
- Stocks and contracts -€30,730
down €30,730 (-3.3%), from €943,858 to €913,128
- Profit (loss) carried forward +€142,862
up €142,862 (+948.1%), from €15,068 to €157,930
- Tax, wage and social debts +€46,771
up €46,771 (+6349.1%), from €737 to €47,508
- Other debts -€21,000
down €21,000 (-1.6%), from €1.3m to €1.3m
- Gross operating margin +€184,693
up €184,693 (+2206.4%), from €8,371 to €193,064
- Taxes +€43,811
up €43,811 (+1150.0%), from €3,810 to €47,621
- Financial income -€10,247
down €10,247 (-96.5%), from €10,623 to €376
- Other operating charges +€2,867
up €2,867 (+5734.1%), from €50 to €2,917
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 | €1,514,693 | €1,684,309 | +€169,616 | +11.2% |
| Fixed assets | 21/28 | €483,413 | €483,413 | = | 0.0% |
| Financial fixed assets | 28 | €483,413 | €483,413 | = | 0.0% |
| Current assets | 29/58 | €1,031,280 | €1,200,896 | +€169,616 | +16.4% |
| Stocks and contracts in progress | 3 | €943,858 | €913,128 | -€30,730 | -3.3% |
| Stocks | 30/36 | €943,858 | €913,128 | -€30,730 | -3.3% |
| Amounts receivable within one year | 40/41 | €81,587 | €269,887 | +€188,300 | +230.8% |
| Other amounts receivable | 41 | €81,587 | €269,887 | +€188,300 | +230.8% |
| Cash at bank and in hand | 54/58 | €5,834 | €17,880 | +€12,046 | +206.5% |
| Total equity and liabilities | 10/49 | €1,514,693 | €1,684,309 | +€169,616 | +11.2% |
| Equity | 10/15 | €215,068 | €357,930 | +€142,862 | +66.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,068 | €157,930 | +€142,862 | +948.1% |
| Amounts payable | 17/49 | €1,299,625 | €1,326,379 | +€26,754 | +2.1% |
| Amounts payable within one year | 42/48 | €1,299,625 | €1,326,379 | +€26,754 | +2.1% |
| Trade debts | 44 | - | €983 | +€983 | |
| Suppliers | 440/4 | - | €983 | +€983 | |
| Taxes, remuneration and social security | 45 | €737 | €47,508 | +€46,771 | +6349.1% |
| Taxes | 450/3 | €737 | €47,508 | +€46,771 | +6349.1% |
| Other amounts payable | 47/48 | €1,298,888 | €1,277,888 | -€21,000 | -1.6% |
| Other operating charges | 640/8 | €50 | €2,917 | +€2,867 | +5734.1% |
| Gross operating margin | 9900 | €8,371 | €193,064 | +€184,693 | +2206.4% |
| Operating profit (loss) | 9901 | €8,321 | €190,147 | +€181,826 | +2185.2% |
| Financial income | 75/76B | €10,623 | €376 | -€10,247 | -96.5% |
| Recurring financial income | 75 | €10,623 | €376 | -€10,247 | -96.5% |
| Financial charges | 65/66B | €67 | €40 | -€26 | -39.3% |
| Recurring financial charges | 65 | €67 | €40 | -€26 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €18,878 | €190,483 | +€171,605 | +909.0% |
| Income taxes | 67/77 | €3,810 | €47,621 | +€43,811 | +1150.0% |
| Profit (loss) for the period | 9904 | €15,068 | €142,862 | +€127,794 | +848.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,068 | €142,862 | +€127,794 | +848.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.