CA-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.
CA-INVEST
Largest movements
- Financial fixed assets +€80,750
new in 2025: €80,750
- Cash -€53,363
down €53,363 (-27.2%), from €196,340 to €142,976
mainly Investment in fixed assets (net) (-€87,738) and Receivables within one year (-€38,596)
- Receivables within one year +€38,596
up €38,596 (+4,963%), from €778 to €39,374
of which Trade receivables: +€39,130
- Deferred charges and accrued income +€9,400
new in 2025: €9,400
- Tangible fixed assets +€6,229
new in 2025: €6,229
of which Furniture and vehicles: +€5,903
- Reserves +€35,096
new in 2025: €35,096
- Tax, wage and social debts +€23,159
new in 2025: €23,159
of which Taxes: +€22,070
- Trade debts +€17,443
up €17,443 (+4,470%), from €390 to €17,833
- Profit (loss) carried forward +€3,273
up €3,273, from -€3,273 to €0
- Gross operating margin +€68,572
up €68,572, from -€3,269 to €65,303
- Taxes +€12,910
new in 2025: €12,910
- Other operating charges +€9,302
new in 2025: €9,302
- Financial charges +€3,959
up €3,959 (+102,561%), from €4 to €3,963
- Depreciation +€759
new in 2025: €759
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 | €197,117 | €278,728 | +€81,611 | +41.4% |
| Fixed assets | 21/28 | - | €86,979 | +€86,979 | |
| Tangible fixed assets | 22/27 | - | €6,229 | +€6,229 | |
| Plant, machinery and equipment | 23 | - | €326 | +€326 | |
| Furniture and vehicles | 24 | - | €5,903 | +€5,903 | |
| Financial fixed assets | 28 | - | €80,750 | +€80,750 | |
| Current assets | 29/58 | €197,117 | €191,750 | -€5,368 | -2.7% |
| Amounts receivable within one year | 40/41 | €778 | €39,374 | +€38,596 | +4,963% |
| Trade receivables | 40 | €244 | €39,374 | +€39,130 | +16,037% |
| Other amounts receivable | 41 | €534 | €0 | -€534 | -100% |
| Cash at bank and in hand | 54/58 | €196,340 | €142,976 | -€53,363 | -27.2% |
| Deferred charges and accrued income | 490/1 | - | €9,400 | +€9,400 | |
| Total equity and liabilities | 10/49 | €197,117 | €278,728 | +€81,611 | +41.4% |
| Equity | 10/15 | €196,727 | €235,096 | +€38,368 | +19.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | - | €35,096 | +€35,096 | |
| Distributable reserves | 133 | - | €35,096 | +€35,096 | |
| Profit (loss) carried forward | 14 | -€3,273 | €0 | +€3,273 | |
| Amounts payable | 17/49 | €390 | €43,633 | +€43,243 | +11,082% |
| Amounts payable within one year | 42/48 | €390 | €43,633 | +€43,243 | +11,082% |
| Trade debts | 44 | €390 | €17,833 | +€17,443 | +4,470% |
| Suppliers | 440/4 | €390 | €17,833 | +€17,443 | +4,470% |
| Taxes, remuneration and social security | 45 | - | €23,159 | +€23,159 | |
| Taxes | 450/3 | - | €22,070 | +€22,070 | |
| Remuneration and social security | 454/9 | - | €1,089 | +€1,089 | |
| Other amounts payable | 47/48 | - | €2,640 | +€2,640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €759 | +€759 | |
| Other operating charges | 640/8 | - | €9,302 | +€9,302 | |
| Gross operating margin | 9900 | -€3,269 | €65,303 | +€68,572 | |
| Operating profit (loss) | 9901 | -€3,269 | €55,242 | +€58,511 | |
| Financial charges | 65/66B | €4 | €3,963 | +€3,959 | +102,561% |
| Recurring financial charges | 65 | €4 | €3,963 | +€3,959 | +102,561% |
| Profit (loss) for the period before taxes | 9903 | -€3,273 | €51,279 | +€54,552 | |
| Income taxes | 67/77 | - | €12,910 | +€12,910 | |
| Profit (loss) for the period | 9904 | -€3,273 | €38,368 | +€41,641 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,273 | €38,368 | +€41,641 |
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 26 October 2026 via checked.be.