INPROVESTA: 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.
INPROVESTA
Largest movements
- Tangible fixed assets -€78,898
down €78,898 (-6.2%), from €1.3m to €1.2m
of which Land and buildings: -€67,462
- Profit (loss) carried forward -€48,420
down €48,420 (-11.6%), from -€418,564 to -€466,985
- Debts after one year -€47,911
down €47,911 (-10.1%), from €476,350 to €428,439
of which Financial debts: -€49,411
- Other debts +€43,552
up €43,552 (+24.2%), from €180,237 to €223,789
- Current portion of long-term debt -€20,285
down €20,285 (-27.8%), from €72,921 to €52,636
- Gross operating margin +€6,676
up €6,676 (+15.5%), from €43,170 to €49,846
- Financial charges -€6,196
down €6,196 (-27.2%), from €22,801 to €16,605
- Depreciation -€3,012
down €3,012 (-3.5%), from €86,324 to €83,311
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 | €1,288,500 | €1,202,403 | -€86,097 | -6.7% |
| Fixed assets | 21/28 | €1,279,414 | €1,201,190 | -€78,224 | -6.1% |
| Tangible fixed assets | 22/27 | €1,278,670 | €1,199,773 | -€78,898 | -6.2% |
| Land and buildings | 22 | €1,254,423 | €1,186,961 | -€67,462 | -5.4% |
| Furniture and vehicles | 24 | €24,248 | €12,812 | -€11,436 | -47.2% |
| Financial fixed assets | 28 | €744 | €1,417 | +€673 | +90.5% |
| Current assets | 29/58 | €9,086 | €1,214 | -€7,873 | -86.6% |
| Amounts receivable within one year | 40/41 | €606 | €82 | -€524 | -86.5% |
| Trade receivables | 40 | €606 | €82 | -€524 | -86.5% |
| Cash at bank and in hand | 54/58 | €8,481 | €1,132 | -€7,349 | -86.7% |
| Total equity and liabilities | 10/49 | €1,288,500 | €1,202,403 | -€86,097 | -6.7% |
| Equity | 10/15 | €466,742 | €407,475 | -€59,267 | -12.7% |
| Contributions | 10/11 | €617,384 | €617,384 | = | 0.0% |
| Capital | 10 | €617,384 | €617,384 | = | 0.0% |
| Issued capital | 100 | €617,384 | €617,384 | = | 0.0% |
| Reserves | 13 | €267,922 | €257,075 | -€10,847 | -4.0% |
| Tax-exempt reserves | 132 | €267,922 | €257,075 | -€10,847 | -4.0% |
| Profit (loss) carried forward | 14 | -€418,564 | -€466,985 | -€48,420 | -11.6% |
| Provisions and deferred taxes | 16 | €89,307 | €85,692 | -€3,616 | -4.0% |
| Deferred taxes | 168 | €89,307 | €85,692 | -€3,616 | -4.0% |
| Amounts payable | 17/49 | €732,451 | €709,237 | -€23,215 | -3.2% |
| Amounts payable after more than one year | 17 | €476,350 | €428,439 | -€47,911 | -10.1% |
| Financial debts | 170/4 | €476,350 | €426,939 | -€49,411 | -10.4% |
| Other amounts payable | 178/9 | - | €1,500 | +€1,500 | |
| Amounts payable within one year | 42/48 | €253,558 | €278,724 | +€25,166 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €72,921 | €52,636 | -€20,285 | -27.8% |
| Financial debts | 43 | - | €272 | +€272 | |
| Credit institutions | 430/8 | - | €272 | +€272 | |
| Trade debts | 44 | €400 | €2,027 | +€1,627 | +406.8% |
| Suppliers | 440/4 | €400 | €2,027 | +€1,627 | +406.8% |
| Other amounts payable | 47/48 | €180,237 | €223,789 | +€43,552 | +24.2% |
| Accrued charges and deferred income | 492/3 | €2,543 | €2,073 | -€470 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,324 | €83,311 | -€3,012 | -3.5% |
| Other operating charges | 640/8 | €12,114 | €12,463 | +€349 | +2.9% |
| Gross operating margin | 9900 | €43,170 | €49,846 | +€6,676 | +15.5% |
| Operating profit (loss) | 9901 | -€55,268 | -€45,929 | +€9,339 | +16.9% |
| Financial income | 75/76B | €362 | €4 | -€358 | -98.9% |
| Recurring financial income | 75 | €362 | €4 | -€358 | -98.9% |
| Financial charges | 65/66B | €22,801 | €16,605 | -€6,196 | -27.2% |
| Recurring financial charges | 65 | €22,801 | €16,605 | -€6,196 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | -€77,707 | -€62,529 | +€15,177 | +19.5% |
| Transfer from deferred taxes | 780 | €3,616 | €3,616 | = | 0.0% |
| Income taxes | 67/77 | €354 | €353 | -€1 | -0.3% |
| Profit (loss) for the period | 9904 | -€74,445 | -€59,267 | +€15,178 | +20.4% |
| Transfer from tax-exempt reserves | 789 | €10,847 | €10,847 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,598 | -€48,420 | +€15,178 | +23.9% |
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 10 October 2026 via checked.be.