Invanthion: 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.
Invanthion
Largest movements
- Cash +€104,064
up €104,064 (+4,450%), from €2,339 to €106,402
mainly Net result for the year (+€82,040) and Other debts (+€68,434)
- Receivables within one year -€9,655
down €9,655 (-18.1%), from €53,374 to €43,719
of which Trade receivables: -€10,111
- Tangible fixed assets -€6,475
down €6,475 (-72.8%), from €8,899 to €2,425
of which Furniture and vehicles: -€7,162
- Other debts +€68,434
up €68,434 (+5,262%), from €1,301 to €69,734
- Trade debts +€29,560
up €29,560 (+13,695%), from €216 to €29,776
- Profit (loss) carried forward -€25,294
down €25,294 (-58.6%), from €43,183 to €17,889
- Tax, wage and social debts +€22,113
up €22,113 (+208%), from €10,632 to €32,745
- Current portion of long-term debt -€6,180
no longer reported in 2025 (was €6,180)
- Gross operating margin -€10,714
down €10,714 (-8.8%), from €122,273 to €111,558
- Taxes -€2,360
down €2,360 (-10.1%), from €23,475 to €21,116
- Depreciation -€1,707
down €1,707 (-18.8%), from €9,093 to €7,386
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 | €66,356 | €154,311 | +€87,955 | +133% |
| Fixed assets | 21/28 | €8,899 | €2,425 | -€6,475 | -72.8% |
| Tangible fixed assets | 22/27 | €8,899 | €2,425 | -€6,475 | -72.8% |
| Plant, machinery and equipment | 23 | €150 | €837 | +€687 | +459% |
| Furniture and vehicles | 24 | €8,749 | €1,587 | -€7,162 | -81.9% |
| Current assets | 29/58 | €57,457 | €151,887 | +€94,430 | +164% |
| Amounts receivable within one year | 40/41 | €53,374 | €43,719 | -€9,655 | -18.1% |
| Trade receivables | 40 | €45,945 | €35,834 | -€10,111 | -22.0% |
| Other amounts receivable | 41 | €7,429 | €7,885 | +€456 | +6.1% |
| Cash at bank and in hand | 54/58 | €2,339 | €106,402 | +€104,064 | +4,450% |
| Deferred charges and accrued income | 490/1 | €1,745 | €1,766 | +€21 | +1.2% |
| Total equity and liabilities | 10/49 | €66,356 | €154,311 | +€87,955 | +133% |
| Equity | 10/15 | €44,183 | €18,889 | -€25,294 | -57.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,183 | €17,889 | -€25,294 | -58.6% |
| Amounts payable | 17/49 | €22,173 | €135,423 | +€113,249 | +511% |
| Amounts payable after more than one year | 17 | €2,561 | €2,108 | -€453 | -17.7% |
| Other amounts payable | 178/9 | €2,561 | €2,108 | -€453 | -17.7% |
| Amounts payable within one year | 42/48 | €18,328 | €132,268 | +€113,940 | +622% |
| Current portion of amounts payable after more than one year | 42 | €6,180 | - | -€6,180 | |
| Financial debts | 43 | - | €14 | +€14 | |
| Credit institutions | 430/8 | - | €14 | +€14 | |
| Trade debts | 44 | €216 | €29,776 | +€29,560 | +13,695% |
| Suppliers | 440/4 | €216 | €29,776 | +€29,560 | +13,695% |
| Taxes, remuneration and social security | 45 | €10,632 | €32,745 | +€22,113 | +208% |
| Taxes | 450/3 | €10,632 | €32,745 | +€22,113 | +208% |
| Other amounts payable | 47/48 | €1,301 | €69,734 | +€68,434 | +5,262% |
| Accrued charges and deferred income | 492/3 | €1,285 | €1,047 | -€238 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,093 | €7,386 | -€1,707 | -18.8% |
| Other operating charges | 640/8 | €736 | €740 | +€4 | +0.5% |
| Gross operating margin | 9900 | €122,273 | €111,558 | -€10,714 | -8.8% |
| Operating profit (loss) | 9901 | €112,443 | €103,432 | -€9,011 | -8.0% |
| Financial charges | 65/66B | €310 | €276 | -€34 | -10.9% |
| Recurring financial charges | 65 | €310 | €276 | -€34 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €112,133 | €103,156 | -€8,977 | -8.0% |
| Income taxes | 67/77 | €23,475 | €21,116 | -€2,360 | -10.1% |
| Profit (loss) for the period | 9904 | €88,658 | €82,040 | -€6,617 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,658 | €82,040 | -€6,617 | -7.5% |
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.