INVARTTO: 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.
INVARTTO
Largest movements
- Cash +€19,233
up €19,233 (+46.1%), from €41,693 to €60,925
mainly Net result for the year (+€64,499) and Tax, wage and social debts (+€5,520)
- Deferred charges and accrued income +€2,072
up €2,072 (+389%), from €532 to €2,604
- Receivables within one year +€1,116
up €1,116 (+9.0%), from €12,468 to €13,585
of which Other amounts receivable: +€853
- Profit (loss) carried forward +€64,499
up €64,499 (+70.7%), from -€91,251 to -€26,752
- Other debts -€43,854
down €43,854 (-35.3%), from €124,336 to €80,482
- Tax, wage and social debts +€5,520
up €5,520 (+3,353%), from €165 to €5,685
- Trade debts -€4,285
down €4,285 (-88.0%), from €4,869 to €583
- Taxes +€5,304
up €5,304 (+3,221%), from €165 to €5,469
- Gross operating margin -€1,373
down €1,373 (-1.8%), from €75,906 to €74,534
- Other operating charges +€1,282
up €1,282 (+482%), from €266 to €1,548
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 | €56,736 | €78,598 | +€21,862 | +38.5% |
| Fixed assets | 21/28 | €2,043 | €1,484 | -€559 | -27.3% |
| Tangible fixed assets | 22/27 | €2,043 | €1,484 | -€559 | -27.3% |
| Plant, machinery and equipment | 23 | €2,043 | €1,484 | -€559 | -27.3% |
| Current assets | 29/58 | €54,693 | €77,114 | +€22,421 | +41.0% |
| Amounts receivable within one year | 40/41 | €12,468 | €13,585 | +€1,116 | +9.0% |
| Trade receivables | 40 | €10,790 | €11,053 | +€263 | +2.4% |
| Other amounts receivable | 41 | €1,678 | €2,531 | +€853 | +50.8% |
| Cash at bank and in hand | 54/58 | €41,693 | €60,925 | +€19,233 | +46.1% |
| Deferred charges and accrued income | 490/1 | €532 | €2,604 | +€2,072 | +389% |
| Total equity and liabilities | 10/49 | €56,736 | €78,598 | +€21,862 | +38.5% |
| Equity | 10/15 | -€72,651 | -€8,152 | +€64,499 | +88.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,251 | -€26,752 | +€64,499 | +70.7% |
| Amounts payable | 17/49 | €129,387 | €86,750 | -€42,637 | -33.0% |
| Amounts payable within one year | 42/48 | €129,387 | €86,750 | -€42,637 | -33.0% |
| Financial debts | 43 | €18 | €0 | -€18 | -100% |
| Credit institutions | 430/8 | €18 | €0 | -€18 | -100% |
| Trade debts | 44 | €4,869 | €583 | -€4,285 | -88.0% |
| Suppliers | 440/4 | €4,869 | €583 | -€4,285 | -88.0% |
| Taxes, remuneration and social security | 45 | €165 | €5,685 | +€5,520 | +3,353% |
| Taxes | 450/3 | €165 | €5,685 | +€5,520 | +3,353% |
| Other amounts payable | 47/48 | €124,336 | €80,482 | -€43,854 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €559 | +€367 | +191% |
| Other operating charges | 640/8 | €266 | €1,548 | +€1,282 | +482% |
| Gross operating margin | 9900 | €75,906 | €74,534 | -€1,373 | -1.8% |
| Operating profit (loss) | 9901 | €75,449 | €72,427 | -€3,022 | -4.0% |
| Financial income | 75/76B | €11 | €0 | -€11 | -99.8% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -99.8% |
| Financial charges | 65/66B | €2,137 | €2,459 | +€322 | +15.1% |
| Recurring financial charges | 65 | €2,137 | €2,459 | +€322 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €73,323 | €69,968 | -€3,355 | -4.6% |
| Income taxes | 67/77 | €165 | €5,469 | +€5,304 | +3,221% |
| Profit (loss) for the period | 9904 | €73,158 | €64,499 | -€8,659 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,158 | €64,499 | -€8,659 | -11.8% |
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 13 October 2026 via checked.be.