DG IMVEST: 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.
DG IMVEST
Largest movements
- Receivables within one year -€77,027
down €77,027 (-99.2%), from €77,626 to €599
- Stocks and contracts -€50,000
down €50,000 (-26.0%), from €192,565 to €142,565
- Profit (loss) carried forward -€87,657
down €87,657 (-78.9%), from €111,143 to €23,486
- Other debts -€41,905
down €41,905 (-49.4%), from €84,806 to €42,900
- Write-downs +€50,000
new in 2025: €50,000
- Taxes -€4,783
no longer reported in 2025 (was €4,783)
- Other operating charges -€2,996
down €2,996 (-53.8%), from €5,568 to €2,572
- Gross operating margin +€1,802
no longer reported in 2025 (was -€1,802)
- Financial charges -€594
down €594 (-90.4%), from €657 to €63
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 | €270,211 | €143,282 | -€126,929 | -47.0% |
| Current assets | 29/58 | €270,211 | €143,282 | -€126,929 | -47.0% |
| Stocks and contracts in progress | 3 | €192,565 | €142,565 | -€50,000 | -26.0% |
| Stocks | 30/36 | €192,565 | €142,565 | -€50,000 | -26.0% |
| Amounts receivable within one year | 40/41 | €77,626 | €599 | -€77,027 | -99.2% |
| Other amounts receivable | 41 | €77,626 | €599 | -€77,027 | -99.2% |
| Cash at bank and in hand | 54/58 | €20 | €118 | +€98 | +490% |
| Total equity and liabilities | 10/49 | €270,211 | €143,282 | -€126,929 | -47.0% |
| Equity | 10/15 | €179,343 | €91,686 | -€87,657 | -48.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,143 | €23,486 | -€87,657 | -78.9% |
| Amounts payable | 17/49 | €90,869 | €51,597 | -€39,272 | -43.2% |
| Amounts payable within one year | 42/48 | €90,869 | €48,961 | -€41,907 | -46.1% |
| Financial debts | 43 | €2 | - | -€2 | |
| Credit institutions | 430/8 | €2 | - | -€2 | |
| Trade debts | 44 | €6,061 | €6,061 | = | 0.0% |
| Suppliers | 440/4 | €6,061 | €6,061 | = | 0.0% |
| Other amounts payable | 47/48 | €84,806 | €42,900 | -€41,905 | -49.4% |
| Accrued charges and deferred income | 492/3 | - | €2,635 | +€2,635 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €5,568 | €2,572 | -€2,996 | -53.8% |
| Non-recurring operating charges | 66A | - | €35,022 | +€35,022 | |
| Gross operating margin | 9900 | -€1,802 | - | +€1,802 | |
| Operating profit (loss) | 9901 | -€7,370 | -€87,594 | -€80,223 | -1,088% |
| Financial income | 75/76B | €3 | €0 | -€2 | -98.4% |
| Recurring financial income | 75 | €3 | €0 | -€2 | -98.4% |
| Financial charges | 65/66B | €657 | €63 | -€594 | -90.4% |
| Recurring financial charges | 65 | €657 | €63 | -€594 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,025 | -€87,657 | -€79,632 | -992% |
| Income taxes | 67/77 | €4,783 | - | -€4,783 | |
| Profit (loss) for the period | 9904 | -€12,807 | -€87,657 | -€74,849 | -584% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,807 | -€87,657 | -€74,849 | -584% |
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 22 October 2026 via checked.be.