Invalides 108: 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.
Invalides 108
Largest movements
- Stocks and contracts +€239,351
up €239,351 (+8.4%), from €2.8m to €3.1m
- Receivables within one year -€112,858
down €112,858 (-77.9%), from €144,910 to €32,052
of which Trade receivables: -€114,665
- Debts after one year +€472,390
up €472,390 (+23.1%), from €2.0m to €2.5m
of which Financial debts: +€459,940
- Other debts -€191,746
down €191,746 (-22.7%), from €845,554 to €653,808
- Profit (loss) carried forward -€152,458
down €152,458 (-277%), from -€54,998 to -€207,456
- Gross operating margin -€217,233
down €217,233 (-83.4%), from €260,533 to €43,300
- Other operating charges +€4,591
up €4,591 (+59.7%), from €7,689 to €12,280
- Financial charges +€3,485
up €3,485 (+1.9%), from €181,572 to €185,057
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.
Derived cash bridge
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 | €2,995,673 | €3,144,318 | +€148,645 | +5.0% |
| Current assets | 29/58 | €2,995,673 | €3,144,318 | +€148,645 | +5.0% |
| Stocks and contracts in progress | 3 | €2,849,797 | €3,089,148 | +€239,351 | +8.4% |
| Stocks | 30/36 | €2,849,797 | €3,089,148 | +€239,351 | +8.4% |
| Amounts receivable within one year | 40/41 | €144,910 | €32,052 | -€112,858 | -77.9% |
| Trade receivables | 40 | €115,999 | €1,334 | -€114,665 | -98.9% |
| Other amounts receivable | 41 | €28,912 | €30,719 | +€1,807 | +6.3% |
| Cash at bank and in hand | 54/58 | - | €22,222 | +€22,222 | |
| Deferred charges and accrued income | 490/1 | €966 | €896 | -€69 | -7.2% |
| Total equity and liabilities | 10/49 | €2,995,673 | €3,144,318 | +€148,645 | +5.0% |
| Equity | 10/15 | €6,502 | -€145,956 | -€152,458 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,998 | -€207,456 | -€152,458 | -277% |
| Amounts payable | 17/49 | €2,989,171 | €3,290,274 | +€301,103 | +10.1% |
| Amounts payable after more than one year | 17 | €2,044,044 | €2,516,434 | +€472,390 | +23.1% |
| Financial debts | 170/4 | €2,036,494 | €2,496,434 | +€459,940 | +22.6% |
| Other amounts payable | 178/9 | €7,550 | €20,000 | +€12,450 | +165% |
| Amounts payable within one year | 42/48 | €891,288 | €706,865 | -€184,423 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | - | €17,803 | +€17,803 | |
| Financial debts | 43 | €23,760 | €12,291 | -€11,469 | -48.3% |
| Credit institutions | 430/8 | €23,760 | €12,291 | -€11,469 | -48.3% |
| Trade debts | 44 | €21,078 | €22,965 | +€1,887 | +9.0% |
| Suppliers | 440/4 | €21,078 | €22,965 | +€1,887 | +9.0% |
| Taxes, remuneration and social security | 45 | €897 | - | -€897 | |
| Taxes | 450/3 | €897 | - | -€897 | |
| Other amounts payable | 47/48 | €845,554 | €653,808 | -€191,746 | -22.7% |
| Accrued charges and deferred income | 492/3 | €53,839 | €66,974 | +€13,136 | +24.4% |
| Other operating charges | 640/8 | €7,689 | €12,280 | +€4,591 | +59.7% |
| Gross operating margin | 9900 | €260,533 | €43,300 | -€217,233 | -83.4% |
| Operating profit (loss) | 9901 | €252,844 | €31,020 | -€221,824 | -87.7% |
| Financial income | 75/76B | €1,344 | €1,807 | +€463 | +34.5% |
| Recurring financial income | 75 | €1,344 | €1,807 | +€463 | +34.5% |
| Financial charges | 65/66B | €181,572 | €185,057 | +€3,485 | +1.9% |
| Recurring financial charges | 65 | €181,572 | €185,057 | +€3,485 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €72,616 | -€152,230 | -€224,846 | |
| Income taxes | 67/77 | -€359 | €228 | +€588 | |
| Profit (loss) for the period | 9904 | €72,975 | -€152,458 | -€225,433 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,975 | -€152,458 | -€225,433 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.