INEVEST: 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.
INEVEST
Largest movements
- Receivables within one year -€10,548
down €10,548 (-55.2%), from €19,104 to €8,557
- Other debts -€14,838
down €14,838 (-30.9%), from €48,060 to €33,222
- Gross operating margin -€7,945
down €7,945 (-50.4%), from €15,749 to €7,804
- Taxes -€1,731
down €1,731 (-48.4%), from €3,576 to €1,844
- Depreciation +€584
up €584 (+65.6%), from €891 to €1,475
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 | €628,572 | €616,380 | -€12,192 | -1.9% |
| Fixed assets | 21/28 | €604,990 | €605,821 | +€830 | +0.1% |
| Tangible fixed assets | 22/27 | €2,307 | €3,138 | +€830 | +36.0% |
| Plant, machinery and equipment | 23 | - | €1,950 | +€1,950 | |
| Furniture and vehicles | 24 | €2,307 | €1,188 | -€1,120 | -48.5% |
| Financial fixed assets | 28 | €602,683 | €602,683 | = | 0.0% |
| Current assets | 29/58 | €23,581 | €10,559 | -€13,022 | -55.2% |
| Amounts receivable within one year | 40/41 | €19,104 | €8,557 | -€10,548 | -55.2% |
| Trade receivables | 40 | €19,104 | €8,557 | -€10,548 | -55.2% |
| Cash at bank and in hand | 54/58 | €3,578 | €2,003 | -€1,575 | -44.0% |
| Deferred charges and accrued income | 490/1 | €900 | - | -€900 | |
| Total equity and liabilities | 10/49 | €628,572 | €616,380 | -€12,192 | -1.9% |
| Equity | 10/15 | €575,577 | €578,144 | +€2,567 | +0.4% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Contributions outside capital | 11 | €55,000 | €55,000 | = | 0.0% |
| Other | 1109/19 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €520,000 | €520,000 | = | 0.0% |
| Distributable reserves | 133 | €520,000 | €520,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €577 | €3,144 | +€2,567 | +445% |
| Amounts payable | 17/49 | €52,995 | €38,236 | -€14,760 | -27.9% |
| Amounts payable within one year | 42/48 | €52,995 | €38,236 | -€14,760 | -27.9% |
| Trade debts | 44 | €1,338 | €3,006 | +€1,668 | +125% |
| Suppliers | 440/4 | €1,338 | €3,006 | +€1,668 | +125% |
| Taxes, remuneration and social security | 45 | €3,597 | €2,008 | -€1,589 | -44.2% |
| Taxes | 450/3 | €3,597 | €2,008 | -€1,589 | -44.2% |
| Other amounts payable | 47/48 | €48,060 | €33,222 | -€14,838 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891 | €1,475 | +€584 | +65.6% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €15,749 | €7,804 | -€7,945 | -50.4% |
| Operating profit (loss) | 9901 | €13,960 | €5,401 | -€8,559 | -61.3% |
| Financial charges | 65/66B | €893 | €989 | +€96 | +10.8% |
| Recurring financial charges | 65 | €893 | €989 | +€96 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €13,067 | €4,412 | -€8,655 | -66.2% |
| Income taxes | 67/77 | €3,576 | €1,844 | -€1,731 | -48.4% |
| Profit (loss) for the period | 9904 | €9,491 | €2,567 | -€6,924 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,491 | €2,567 | -€6,924 | -72.9% |
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.