Iivaaran Vesiosuuskunta is a cooperative based in Kuusamo, registered in 1992. In the financial year ending 31.12.2024, revenue was 42 t€ and operating profit 8 492 €; equity ratio 39.3 %.
Financials
| Key figures | 31.12.2024 | 31.12.2023 |
|---|---|---|
| Revenue | 42 t€ | 28 t€ |
| Revenue change | 47,2 % | – |
| EBITDA | 17 t€ | 4 390 € |
| EBITDA % | 39,7 % | 15,5 % |
| Operating profit | 8 492 € | -3 960 € |
| Operating margin | 20,3 % | -14,0 % |
| Net profit | 8 514 € | -3 969 € |
| Personnel costs | 7 646 € | 5 983 € |
| Equity ratio | 39,3 % | 38,8 % |
| Quick ratio | 0,42 | 0,28 |
| Current ratio | 0,42 | 0,28 |
| Debt to revenue | 379,6 % | 519,0 % |
| Return on equity | 8,3 % | -4,2 % |
| Balance sheet total | 261 t€ | 241 t€ |
| Equity | 102 t€ | 93 t€ |
| Cash and bank | 48 t€ | 32 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 42 t€ | 28 t€ |
| Other operating income | 0 € | 391 € |
| Raw materials and services | -7 220 € | -7 836 € |
| Personnel expenses | -7 646 € | -5 983 € |
| Depreciations and reductions in value | -8 120 € | -8 350 € |
| Other operating expenses | -10 t€ | -11 t€ |
| Operating profit (loss) | 8 492 € | -3 960 € |
| Financial income and expenses + (-) | 22 € | -9 € |
| Profit (loss) before appropriations and taxes | 8 514 € | -3 969 € |
| Profit (loss) for the financial year | 8 514 € | -3 969 € |
Balance sheet
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Non-current assets | 194 t€ | 200 t€ |
| Receivables | 18 t€ | 9 206 € |
| Cash in hand and at banks | 48 t€ | 32 t€ |
| Current assets | 67 t€ | 41 t€ |
| Assets | 261 t€ | 241 t€ |
| Capital and reserves | 102 t€ | 93 t€ |
| Short-term liabilities | 159 t€ | 147 t€ |
| Liabilities | 159 t€ | 147 t€ |
All financial statement items (40)
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 42 t€ | 28 t€ |
| Other operating income | 0 € | 391 € |
| Raw materials and services | -7 220 € | -7 836 € |
| Personnel expenses | -7 646 € | -5 983 € |
| Depreciations and reductions in value | -8 120 € | -8 350 € |
| Other operating expenses | -10 t€ | -11 t€ |
| Operating profit (loss) | 8 492 € | -3 960 € |
| Financial income and expenses + (-) | 22 € | -9 € |
| Profit (loss) before appropriations and taxes | 8 514 € | -3 969 € |
| Profit (loss) for the financial year | 8 514 € | -3 969 € |
| Non-current assets | 194 t€ | 200 t€ |
| Receivables | 18 t€ | 9 206 € |
| Cash in hand and at banks | 48 t€ | 32 t€ |
| Current assets | 67 t€ | 41 t€ |
| Assets | 261 t€ | 241 t€ |
| Capital and reserves | 102 t€ | 93 t€ |
| Short-term liabilities | 159 t€ | 147 t€ |
| Liabilities | 159 t€ | 147 t€ |
| Other current liabilities | 158 t€ | 144 t€ |
| Other tangible assets | 191 t€ | 196 t€ |
| Liabilities | 261 t€ | 241 t€ |
| Short-term receivables | 18 t€ | 9 206 € |
| Land and water areas, Owned | 1 640 € | 1 640 € |
| Other interest and financial income from non-group companies | 22 € | 7 € |
| Machinery and equipment | 90 € | 120 € |
| Retained earnings | -77 t€ | -73 t€ |
| Short-term accounts payable | 576 € | 2 883 € |
| Wages and salaries | -7 492 € | -5 460 € |
| Short-term sales receivables | 18 t€ | 9 098 € |
| Profit (loss) for the period, equity | 8 514 € | -3 969 € |
| Interest expenses and other financial expenses for non-Group companies | 0 € | -16 € |
| Pension expenses | -31 € | -377 € |
| Short-term prepayments and accrued income | 108 € | 108 € |
| Buildings and structures, Owned | 1 743 € | 1 874 € |
| Other social security expenses | -123 € | -146 € |
| Services purchased | 0 € | -188 € |
| Tangible assets | 194 t€ | 200 t€ |
| Purchases during the financial year | -7 220 € | -7 649 € |
| Depreciations according to plan | -8 120 € | -8 350 € |
| Short-term accrued expenses and deferred income | 2 € | 128 € |
From financial statements filed digitally (XBRL) with the Finnish Patent and Registration Office; ratios calculated from them. Equity ratio = (equity + accumulated appropriations) / (balance sheet total − advances received).
Taxes
Taxable income is the profit as calculated for taxation, not revenue. Public data from the Finnish Tax Administration; figures for 2025 are published in November 2026.
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