B-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.
B-Invest
Largest movements
- Tangible fixed assets -€11,749
down €11,749 (-5.3%), from €220,158 to €208,409
- Cash +€4,036
up €4,036 (+42.1%), from €9,575 to €13,611
mainly Depreciation (+€11,749) and Net result for the year (+€5,168)
- Receivables within one year -€3,292
down €3,292 (-47.3%), from €6,962 to €3,670
- Debts after one year -€15,291
down €15,291 (-17.2%), from €89,128 to €73,837
- Reserves +€5,168
up €5,168 (+9.5%), from €54,559 to €59,728
- Financial charges -€775
down €775 (-11.1%), from €6,956 to €6,181
- Taxes +€358
up €358 (+18.0%), from €1,986 to €2,344
- Gross operating margin +€304
up €304 (+1.0%), from €29,166 to €29,470
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 | €236,790 | €225,788 | -€11,002 | -4.6% |
| Fixed assets | 21/28 | €220,158 | €208,409 | -€11,749 | -5.3% |
| Tangible fixed assets | 22/27 | €220,158 | €208,409 | -€11,749 | -5.3% |
| Land and buildings | 22 | €220,158 | €208,409 | -€11,749 | -5.3% |
| Current assets | 29/58 | €16,632 | €17,379 | +€747 | +4.5% |
| Amounts receivable within one year | 40/41 | €6,962 | €3,670 | -€3,292 | -47.3% |
| Other amounts receivable | 41 | €6,962 | €3,670 | -€3,292 | -47.3% |
| Cash at bank and in hand | 54/58 | €9,575 | €13,611 | +€4,036 | +42.1% |
| Deferred charges and accrued income | 490/1 | €96 | €99 | +€3 | +3.5% |
| Total equity and liabilities | 10/49 | €236,790 | €225,788 | -€11,002 | -4.6% |
| Equity | 10/15 | €70,681 | €75,849 | +€5,168 | +7.3% |
| Contributions | 10/11 | €16,121 | €16,121 | = | 0.0% |
| Reserves | 13 | €54,559 | €59,728 | +€5,168 | +9.5% |
| Distributable reserves | 133 | €54,559 | €59,728 | +€5,168 | +9.5% |
| Amounts payable | 17/49 | €166,110 | €149,939 | -€16,171 | -9.7% |
| Amounts payable after more than one year | 17 | €89,128 | €73,837 | -€15,291 | -17.2% |
| Financial debts | 170/4 | €89,128 | €73,837 | -€15,291 | -17.2% |
| Amounts payable within one year | 42/48 | €76,981 | €76,102 | -€879 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €15,010 | €15,291 | +€282 | +1.9% |
| Financial debts | 43 | €1,692 | €1,011 | -€681 | -40.2% |
| Credit institutions | 430/8 | €1,692 | €1,011 | -€681 | -40.2% |
| Taxes, remuneration and social security | 45 | €1,380 | €1,231 | -€149 | -10.8% |
| Taxes | 450/3 | €1,380 | €1,231 | -€149 | -10.8% |
| Other amounts payable | 47/48 | €58,900 | €58,568 | -€332 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,749 | €11,749 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,906 | €4,026 | +€121 | +3.1% |
| Gross operating margin | 9900 | €29,166 | €29,470 | +€304 | +1.0% |
| Operating profit (loss) | 9901 | €13,511 | €13,694 | +€183 | +1.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €6,956 | €6,181 | -€775 | -11.1% |
| Recurring financial charges | 65 | €6,956 | €6,181 | -€775 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €6,555 | €7,513 | +€958 | +14.6% |
| Income taxes | 67/77 | €1,986 | €2,344 | +€358 | +18.0% |
| Profit (loss) for the period | 9904 | €4,568 | €5,168 | +€600 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,568 | €5,168 | +€600 | +13.1% |
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 18 October 2026 via checked.be.