INV: 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.
INV
Largest movements
- Receivables within one year -€372,378
down €372,378 (-62.9%), from €592,473 to €220,096
of which Trade receivables: -€330,458
- Profit (loss) carried forward -€207,271
down €207,271 (-26.1%), from -€792,648 to -€999,919
- Other debts -€168,732
down €168,732 (-62.6%), from €269,745 to €101,012
- Debts after one year -€90,000
down €90,000 (-12.2%), from €740,000 to €650,000
- Current portion of long-term debt +€90,000
new in 2024: €90,000
- Gross operating margin -€81,922
down €81,922 (-124.3%), from -€65,929 to -€147,851
- Financial charges +€30,709
up €30,709 (+119.2%), from €25,759 to €56,468
of which Financial charges: +€16,964
- Other operating charges -€6,831
down €6,831 (-87.6%), from €7,798 to €968
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €715,593 | €341,193 | -€374,401 | -52.3% |
| Fixed assets | 21/28 | €2,188 | €65 | -€2,123 | -97.0% |
| Tangible fixed assets | 22/27 | €2,188 | €65 | -€2,123 | -97.0% |
| Plant, machinery and equipment | 23 | €2,188 | €65 | -€2,123 | -97.0% |
| Current assets | 29/58 | €713,405 | €341,127 | -€372,278 | -52.2% |
| Stocks and contracts in progress | 3 | €120,000 | €120,000 | = | 0.0% |
| Stocks | 30/36 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €592,473 | €220,096 | -€372,378 | -62.9% |
| Trade receivables | 40 | €507,589 | €177,131 | -€330,458 | -65.1% |
| Other amounts receivable | 41 | €84,885 | €42,965 | -€41,920 | -49.4% |
| Cash at bank and in hand | 54/58 | €932 | €1,032 | +€100 | +10.7% |
| Total equity and liabilities | 10/49 | €715,593 | €341,193 | -€374,401 | -52.3% |
| Equity | 10/15 | -€332,648 | -€539,919 | -€207,271 | -62.3% |
| Contributions | 10/11 | €460,000 | €460,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€792,648 | -€999,919 | -€207,271 | -26.1% |
| Amounts payable | 17/49 | €1,048,241 | €881,111 | -€167,130 | -15.9% |
| Amounts payable after more than one year | 17 | €740,000 | €650,000 | -€90,000 | -12.2% |
| Financial debts | 170/4 | €740,000 | €650,000 | -€90,000 | -12.2% |
| Amounts payable within one year | 42/48 | €308,241 | €231,111 | -€77,130 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | - | €90,000 | +€90,000 | |
| Financial debts | 43 | €739 | - | -€739 | |
| Credit institutions | 430/8 | €739 | - | -€739 | |
| Trade debts | 44 | €26,524 | €25,181 | -€1,343 | -5.1% |
| Suppliers | 440/4 | €26,524 | €25,181 | -€1,343 | -5.1% |
| Taxes, remuneration and social security | 45 | €11,233 | €14,918 | +€3,684 | +32.8% |
| Taxes | 450/3 | €11,233 | €14,918 | +€3,684 | +32.8% |
| Other amounts payable | 47/48 | €269,745 | €101,012 | -€168,732 | -62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,658 | €2,123 | -€535 | -20.1% |
| Other operating charges | 640/8 | €7,798 | €968 | -€6,831 | -87.6% |
| Gross operating margin | 9900 | -€65,929 | -€147,851 | -€81,922 | -124.3% |
| Operating profit (loss) | 9901 | -€76,386 | -€150,941 | -€74,556 | -97.6% |
| Financial income | 75/76B | €0 | €138 | +€138 | +197328.6% |
| Recurring financial income | 75 | €0 | €138 | +€138 | +197328.6% |
| Financial charges | 65/66B | €25,759 | €56,468 | +€30,709 | +119.2% |
| Recurring financial charges | 65 | €25,759 | €42,723 | +€16,964 | +65.9% |
| Non-recurring financial charges | 66B | - | €13,745 | +€13,745 | |
| Profit (loss) for the period before taxes | 9903 | -€102,145 | -€207,271 | -€105,127 | -102.9% |
| Profit (loss) for the period | 9904 | -€102,145 | -€207,271 | -€105,127 | -102.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,145 | -€207,271 | -€105,127 | -102.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.