CASE-INVESTE: 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.
CASE-INVESTE
Largest movements
- Tangible fixed assets +€14,601
up €14,601 (+10.7%), from €135,880 to €150,480
of which Land and buildings: +€31,679
- Profit (loss) carried forward +€14,439
up €14,439 (+7.1%), from €203,479 to €217,918
- Gross operating margin +€8,101
up €8,101 (+17.1%), from €47,398 to €55,499
- Financial charges -€2,059
down €2,059 (-97.8%), from €2,105 to €46
- Taxes +€2,012
up €2,012 (+101%), from €1,997 to €4,009
- Other operating charges +€940
up €940 (+6.0%), from €15,540 to €16,479
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 | €355,204 | €370,248 | +€15,044 | +4.2% |
| Fixed assets | 21/28 | €135,942 | €150,542 | +€14,601 | +10.7% |
| Tangible fixed assets | 22/27 | €135,880 | €150,480 | +€14,601 | +10.7% |
| Land and buildings | 22 | €95,317 | €126,996 | +€31,679 | +33.2% |
| Plant, machinery and equipment | 23 | €40,563 | €23,484 | -€17,079 | -42.1% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €219,262 | €219,706 | +€444 | +0.2% |
| Amounts receivable within one year | 40/41 | €4,946 | €3,097 | -€1,850 | -37.4% |
| Other amounts receivable | 41 | €4,946 | €3,097 | -€1,850 | -37.4% |
| Cash at bank and in hand | 54/58 | €212,203 | €214,395 | +€2,192 | +1.0% |
| Deferred charges and accrued income | 490/1 | €2,113 | €2,214 | +€101 | +4.8% |
| Total equity and liabilities | 10/49 | €355,204 | €370,248 | +€15,044 | +4.2% |
| Equity | 10/15 | €298,343 | €312,782 | +€14,439 | +4.8% |
| Contributions | 10/11 | €81,805 | €81,805 | = | 0.0% |
| Capital | 10 | €81,805 | €81,805 | = | 0.0% |
| Issued capital | 100 | €81,805 | €81,805 | = | 0.0% |
| Reserves | 13 | €13,059 | €13,059 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,180 | €8,180 | = | 0.0% |
| Legal reserve | 130 | €8,180 | €8,180 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,879 | €4,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,479 | €217,918 | +€14,439 | +7.1% |
| Amounts payable | 17/49 | €56,862 | €57,466 | +€605 | +1.1% |
| Amounts payable after more than one year | 17 | €21,959 | €21,959 | = | 0.0% |
| Other amounts payable | 178/9 | €21,959 | €21,959 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,902 | €35,507 | +€605 | +1.7% |
| Trade debts | 44 | €3,283 | €715 | -€2,568 | -78.2% |
| Suppliers | 440/4 | €3,283 | €715 | -€2,568 | -78.2% |
| Taxes, remuneration and social security | 45 | €2,836 | €4,612 | +€1,776 | +62.6% |
| Taxes | 450/3 | €2,836 | €4,612 | +€1,776 | +62.6% |
| Other amounts payable | 47/48 | €28,784 | €30,180 | +€1,397 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,236 | €20,526 | +€290 | +1.4% |
| Other operating charges | 640/8 | €15,540 | €16,479 | +€940 | +6.0% |
| Gross operating margin | 9900 | €47,398 | €55,499 | +€8,101 | +17.1% |
| Operating profit (loss) | 9901 | €11,623 | €18,494 | +€6,871 | +59.1% |
| Financial charges | 65/66B | €2,105 | €46 | -€2,059 | -97.8% |
| Recurring financial charges | 65 | €2,105 | €46 | -€2,059 | -97.8% |
| Profit (loss) for the period before taxes | 9903 | €9,517 | €18,448 | +€8,931 | +93.8% |
| Income taxes | 67/77 | €1,997 | €4,009 | +€2,012 | +101% |
| Profit (loss) for the period | 9904 | €7,521 | €14,439 | +€6,919 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,521 | €14,439 | +€6,919 | +92.0% |
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 23 October 2026 via checked.be.