EY 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.
EY INVEST
Largest movements
- Tangible fixed assets -€81,934
down €81,934 (-2.4%), from €3.4m to €3.4m
- Debts after one year -€122,161
down €122,161 (-5.5%), from €2.2m to €2.1m
- Profit (loss) carried forward +€65,600
up €65,600 (+241%), from €27,261 to €92,861
- Gross operating margin +€114,163
up €114,163 (+55.1%), from €207,166 to €321,329
- Turnover +€99,284
up €99,284 (+43.2%), from €229,899 to €329,183
- Purchases and services -€24,879
down €24,879 (-76.0%), from €32,732 to €7,854
- Depreciation +€24,347
up €24,347 (+42.3%), from €57,587 to €81,934
- Financial charges +€23,455
up €23,455 (+29.5%), from €79,634 to €103,088
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 | €3,458,094 | €3,410,473 | -€47,621 | -1.4% |
| Fixed assets | 21/28 | €3,444,544 | €3,362,610 | -€81,934 | -2.4% |
| Tangible fixed assets | 22/27 | €3,444,544 | €3,362,610 | -€81,934 | -2.4% |
| Land and buildings | 22 | €3,444,544 | €3,362,610 | -€81,934 | -2.4% |
| Current assets | 29/58 | €13,550 | €47,863 | +€34,313 | +253% |
| Amounts receivable within one year | 40/41 | - | €7,796 | +€7,796 | |
| Trade receivables | 40 | - | €7,796 | +€7,796 | |
| Cash at bank and in hand | 54/58 | €13,550 | €35,773 | +€22,224 | +164% |
| Deferred charges and accrued income | 490/1 | - | €4,294 | +€4,294 | |
| Total equity and liabilities | 10/49 | €3,458,094 | €3,410,473 | -€47,621 | -1.4% |
| Equity | 10/15 | €93,696 | €162,748 | +€69,052 | +73.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €1,435 | €4,887 | +€3,453 | +241% |
| Non-distributable reserves | 130/1 | €1,435 | €4,887 | +€3,453 | +241% |
| Legal reserve | 130 | €1,435 | €4,887 | +€3,453 | +241% |
| Profit (loss) carried forward | 14 | €27,261 | €92,861 | +€65,600 | +241% |
| Amounts payable | 17/49 | €3,364,398 | €3,247,724 | -€116,673 | -3.5% |
| Amounts payable after more than one year | 17 | €2,241,194 | €2,119,033 | -€122,161 | -5.5% |
| Financial debts | 170/4 | €2,241,194 | €2,119,033 | -€122,161 | -5.5% |
| Amounts payable within one year | 42/48 | €1,111,225 | €1,122,258 | +€11,032 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €112,047 | €122,161 | +€10,114 | +9.0% |
| Trade debts | 44 | - | €3,600 | +€3,600 | |
| Suppliers | 440/4 | - | €3,600 | +€3,600 | |
| Taxes, remuneration and social security | 45 | €7,174 | €24,493 | +€17,319 | +241% |
| Taxes | 450/3 | €7,174 | €24,493 | +€17,319 | +241% |
| Other amounts payable | 47/48 | €992,004 | €972,004 | -€20,000 | -2.0% |
| Accrued charges and deferred income | 492/3 | €11,978 | €6,434 | -€5,545 | -46.3% |
| Turnover | 70 | €229,899 | €329,183 | +€99,284 | +43.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,732 | €7,854 | -€24,879 | -76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,587 | €81,934 | +€24,347 | +42.3% |
| Other operating charges | 640/8 | €34,075 | €49,936 | +€15,861 | +46.5% |
| Gross operating margin | 9900 | €207,166 | €321,329 | +€114,163 | +55.1% |
| Operating profit (loss) | 9901 | €115,504 | €189,459 | +€73,955 | +64.0% |
| Financial charges | 65/66B | €79,634 | €103,088 | +€23,455 | +29.5% |
| Recurring financial charges | 65 | €79,634 | €103,088 | +€23,455 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €35,870 | €86,371 | +€50,500 | +141% |
| Income taxes | 67/77 | €7,174 | €17,319 | +€10,145 | +141% |
| Profit (loss) for the period | 9904 | €28,696 | €69,052 | +€40,356 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €28,696 | €69,052 | +€40,356 | +141% |
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.