A-INVEST: 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.
A-INVEST
Largest movements
- Cash +€46,833
up €46,833 (+66.0%), from €70,965 to €117,798
mainly Net result for the year (+€27,572) and Receivables within one year (+€10,600)
- Profit (loss) carried forward +€27,572
up €27,572 (+1.3%), from €2.1m to €2.1m
- Gross operating margin +€4,403
up €4,403 (+10.1%), from €43,386 to €47,789
- Taxes +€1,778
up €1,778 (+20.8%), from €8,561 to €10,339
- Financial charges +€640
up €640 (+7.9%), from €8,139 to €8,779
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 | €2,421,969 | €2,458,202 | +€36,233 | +1.5% |
| Fixed assets | 21/28 | €2,336,834 | €2,336,834 | = | 0.0% |
| Financial fixed assets | 28 | €2,336,834 | €2,336,834 | = | 0.0% |
| Current assets | 29/58 | €85,135 | €121,368 | +€36,233 | +42.6% |
| Amounts receivable within one year | 40/41 | €14,170 | €3,570 | -€10,600 | -74.8% |
| Other amounts receivable | 41 | €14,170 | €3,570 | -€10,600 | -74.8% |
| Cash at bank and in hand | 54/58 | €70,965 | €117,798 | +€46,833 | +66.0% |
| Total equity and liabilities | 10/49 | €2,421,969 | €2,458,202 | +€36,233 | +1.5% |
| Equity | 10/15 | €2,214,338 | €2,241,910 | +€27,572 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,852 | €106,852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €106,852 | €106,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,088,886 | €2,116,458 | +€27,572 | +1.3% |
| Amounts payable | 17/49 | €207,631 | €216,292 | +€8,661 | +4.2% |
| Amounts payable within one year | 42/48 | €203,837 | €204,041 | +€203 | +0.1% |
| Trade debts | 44 | €20,570 | €21,386 | +€816 | +4.0% |
| Suppliers | 440/4 | €20,570 | €21,386 | +€816 | +4.0% |
| Taxes, remuneration and social security | 45 | €8,538 | €10,331 | +€1,793 | +21.0% |
| Taxes | 450/3 | €8,538 | €10,331 | +€1,793 | +21.0% |
| Other amounts payable | 47/48 | €174,729 | €172,324 | -€2,405 | -1.4% |
| Accrued charges and deferred income | 492/3 | €3,794 | €12,251 | +€8,458 | +223% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €43,386 | €47,789 | +€4,403 | +10.1% |
| Operating profit (loss) | 9901 | €42,292 | €46,662 | +€4,370 | +10.3% |
| Financial income | 75/76B | €0 | €28 | +€28 | +6,509% |
| Recurring financial income | 75 | €0 | €28 | +€28 | +6,509% |
| Financial charges | 65/66B | €8,139 | €8,779 | +€640 | +7.9% |
| Recurring financial charges | 65 | €8,139 | €8,779 | +€640 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €34,153 | €37,911 | +€3,758 | +11.0% |
| Income taxes | 67/77 | €8,561 | €10,339 | +€1,778 | +20.8% |
| Profit (loss) for the period | 9904 | €25,592 | €27,572 | +€1,980 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,592 | €27,572 | +€1,980 | +7.7% |
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 16 October 2026 via checked.be.