INITIUM 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.
INITIUM INVEST
Largest movements
- Cash +€366,980
up €366,980 (+1,916%), from €19,153 to €386,133
mainly Net result for the year (+€307,761) and Debts after one year (+€151,500)
- Receivables within one year +€132,652
new in 2025: €132,652
of which Trade receivables: +€72,600
- Tangible fixed assets +€99,940
new in 2025: €99,940
- Profit (loss) carried forward +€307,761
up €307,761, from -€6,036 to €301,725
- Debts after one year +€151,500
new in 2025: €151,500
- Tax, wage and social debts +€131,825
new in 2025: €131,825
- Gross operating margin +€423,283
up €423,283, from -€5,507 to €417,776
- Taxes +€95,525
new in 2025: €95,525
- Depreciation +€13,516
new in 2025: €13,516
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 | €19,153 | €620,919 | +€601,765 | +3,142% |
| Fixed assets | 21/28 | - | €99,940 | +€99,940 | |
| Tangible fixed assets | 22/27 | - | €99,940 | +€99,940 | |
| Furniture and vehicles | 24 | - | €99,940 | +€99,940 | |
| Current assets | 29/58 | €19,153 | €520,979 | +€501,826 | +2,620% |
| Amounts receivable within one year | 40/41 | - | €132,652 | +€132,652 | |
| Trade receivables | 40 | - | €72,600 | +€72,600 | |
| Other amounts receivable | 41 | - | €60,052 | +€60,052 | |
| Cash at bank and in hand | 54/58 | €19,153 | €386,133 | +€366,980 | +1,916% |
| Deferred charges and accrued income | 490/1 | - | €2,194 | +€2,194 | |
| Total equity and liabilities | 10/49 | €19,153 | €620,919 | +€601,765 | +3,142% |
| Equity | 10/15 | €18,964 | €326,725 | +€307,761 | +1,623% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,036 | €301,725 | +€307,761 | |
| Amounts payable | 17/49 | €189 | €294,194 | +€294,004 | +155,435% |
| Amounts payable after more than one year | 17 | - | €151,500 | +€151,500 | |
| Other amounts payable | 178/9 | - | €151,500 | +€151,500 | |
| Amounts payable within one year | 42/48 | €189 | €142,694 | +€142,504 | +75,339% |
| Trade debts | 44 | €189 | €6,120 | +€5,931 | +3,135% |
| Suppliers | 440/4 | €189 | €6,120 | +€5,931 | +3,135% |
| Taxes, remuneration and social security | 45 | - | €131,825 | +€131,825 | |
| Taxes | 450/3 | - | €131,825 | +€131,825 | |
| Other amounts payable | 47/48 | - | €4,749 | +€4,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13,516 | +€13,516 | |
| Other operating charges | 640/8 | €387 | €668 | +€280 | +72.4% |
| Gross operating margin | 9900 | -€5,507 | €417,776 | +€423,283 | |
| Operating profit (loss) | 9901 | -€5,894 | €403,592 | +€409,487 | |
| Financial income | 75/76B | - | €1,627 | +€1,627 | |
| Recurring financial income | 75 | - | €1,627 | +€1,627 | |
| Financial charges | 65/66B | €141 | €1,933 | +€1,792 | +1,267% |
| Recurring financial charges | 65 | €141 | €1,933 | +€1,792 | +1,267% |
| Profit (loss) for the period before taxes | 9903 | -€6,036 | €403,286 | +€409,322 | |
| Income taxes | 67/77 | - | €95,525 | +€95,525 | |
| Profit (loss) for the period | 9904 | -€6,036 | €307,761 | +€313,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,036 | €307,761 | +€313,797 |
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 25 October 2026 via checked.be.