DINVAM: what changed
Two fiscal 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.
DINVAM
Largest movements
- Cash -€61,233
down €61,233 (-87.8%), from €69,736 to €8,503
mainly Other debts (-€86,634) and Net result for the year (-€63,207)
- Current investments -€49,683
down €49,683 (-71.3%), from €69,683 to €20,000
- Tangible fixed assets -€45,912
down €45,912 (-2.6%), from €1.8m to €1.7m
of which Land and buildings: -€66,072
- Other debts -€86,634
down €86,634 (-4.6%), from €1.9m to €1.8m
- Profit (loss) carried forward -€63,207
down €63,207 (-24.3%), from -€260,467 to -€323,674
- Financial income -€59,981
down €59,981 (-86.4%), from €69,433 to €9,451
- Gross operating margin +€37,638
up €37,638 (+494.9%), from €7,605 to €45,244
- Other operating charges +€9,295
up €9,295 (+84.6%), from €10,987 to €20,282
- Depreciation +€8,007
up €8,007 (+9.0%), from €88,651 to €96,658
- Financial charges -€7,787
down €7,787 (-90.6%), from €8,593 to €806
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.
Cash bridge derived
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 | €2,136,685 | €1,977,162 | -€159,523 | -7.5% |
| Fixed assets | 21/28 | €1,985,727 | €1,939,815 | -€45,912 | -2.3% |
| Tangible fixed assets | 22/27 | €1,780,522 | €1,734,610 | -€45,912 | -2.6% |
| Land and buildings | 22 | €1,700,997 | €1,634,926 | -€66,072 | -3.9% |
| Plant, machinery and equipment | 23 | €75,034 | €60,538 | -€14,496 | -19.3% |
| Furniture and vehicles | 24 | €4,491 | €39,146 | +€34,656 | +771.7% |
| Financial fixed assets | 28 | €205,206 | €205,206 | = | 0.0% |
| Current assets | 29/58 | €150,958 | €37,346 | -€113,611 | -75.3% |
| Amounts receivable within one year | 40/41 | €10,478 | €7,398 | -€3,080 | -29.4% |
| Trade receivables | 40 | €3,893 | €4,898 | +€1,006 | +25.8% |
| Other amounts receivable | 41 | €6,585 | €2,500 | -€4,085 | -62.0% |
| Current investments | 50/53 | €69,683 | €20,000 | -€49,683 | -71.3% |
| Cash at bank and in hand | 54/58 | €69,736 | €8,503 | -€61,233 | -87.8% |
| Deferred charges and accrued income | 490/1 | €1,060 | €1,445 | +€385 | +36.3% |
| Total equity and liabilities | 10/49 | €2,136,685 | €1,977,162 | -€159,523 | -7.5% |
| Equity | 10/15 | €241,423 | €178,216 | -€63,207 | -26.2% |
| Contributions | 10/11 | €490,546 | €490,546 | = | 0.0% |
| Capital | 10 | €490,546 | €490,546 | = | 0.0% |
| Issued capital | 100 | €490,546 | €490,546 | = | 0.0% |
| Reserves | 13 | €11,344 | €11,344 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,344 | €11,344 | = | 0.0% |
| Legal reserve | 130 | €11,344 | €11,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€260,467 | -€323,674 | -€63,207 | -24.3% |
| Amounts payable | 17/49 | €1,895,262 | €1,798,946 | -€96,316 | -5.1% |
| Amounts payable within one year | 42/48 | €1,895,262 | €1,798,946 | -€96,316 | -5.1% |
| Trade debts | 44 | €11,324 | €309 | -€11,014 | -97.3% |
| Suppliers | 440/4 | €11,324 | €309 | -€11,014 | -97.3% |
| Taxes, remuneration and social security | 45 | €98 | €1,430 | +€1,332 | +1358.1% |
| Taxes | 450/3 | €98 | €1,430 | +€1,332 | +1358.1% |
| Other amounts payable | 47/48 | €1,883,841 | €1,797,206 | -€86,634 | -4.6% |
| Non-recurring operating income | 76A | - | €5,200 | +€5,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,651 | €96,658 | +€8,007 | +9.0% |
| Other operating charges | 640/8 | €10,987 | €20,282 | +€9,295 | +84.6% |
| Gross operating margin | 9900 | €7,605 | €45,244 | +€37,638 | +494.9% |
| Operating profit (loss) | 9901 | -€92,033 | -€71,696 | +€20,337 | +22.1% |
| Financial income | 75/76B | €69,433 | €9,451 | -€59,981 | -86.4% |
| Recurring financial income | 75 | €69,433 | €9,451 | -€59,981 | -86.4% |
| Financial charges | 65/66B | €8,593 | €806 | -€7,787 | -90.6% |
| Recurring financial charges | 65 | €8,593 | €806 | -€7,787 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | -€31,193 | -€63,051 | -€31,858 | -102.1% |
| Income taxes | 67/77 | €71 | €156 | +€85 | +118.5% |
| Profit (loss) for the period | 9904 | -€31,265 | -€63,207 | -€31,943 | -102.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,265 | -€63,207 | -€31,943 | -102.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.