Invasco: 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.
Invasco
Largest movements
- Receivables within one year -€121,609
down €121,609 (-80.9%), from €150,248 to €28,639
of which Trade receivables: -€127,667
- Cash +€37,508
new in 2024: €37,508
mainly Receivables within one year (+€121,609) and Depreciation (+€12,361)
- Tangible fixed assets -€10,931
down €10,931 (-17.8%), from €61,374 to €50,443
of which Furniture and vehicles: -€10,419
- Profit (loss) carried forward -€52,916
new in 2024: -€52,916
- Short-term financial debts -€19,245
no longer reported in 2024 (was €19,245)
- Trade debts -€14,609
down €14,609 (-29.3%), from €49,908 to €35,299
- Advances received -€11,129
down €11,129 (-90.7%), from €12,276 to €1,147
- Tax, wage and social debts +€4,473
up €4,473 (+15.9%), from €28,202 to €32,675
- Gross operating margin -€89,210
down €89,210, from €49,462 to -€39,748
- Depreciation -€867
down €867 (-6.6%), from €13,228 to €12,361
- Taxes +€604
up €604, from -€131 to €473
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 | €303,577 | €209,591 | -€93,985 | -31.0% |
| Fixed assets | 21/28 | €121,040 | €110,109 | -€10,931 | -9.0% |
| Intangible fixed assets | 21 | €59,665 | €59,665 | = | 0.0% |
| Tangible fixed assets | 22/27 | €61,374 | €50,443 | -€10,931 | -17.8% |
| Plant, machinery and equipment | 23 | €2,458 | €1,946 | -€512 | -20.8% |
| Furniture and vehicles | 24 | €58,916 | €48,497 | -€10,419 | -17.7% |
| Current assets | 29/58 | €182,537 | €99,483 | -€83,054 | -45.5% |
| Stocks and contracts in progress | 3 | €2,430 | €2,809 | +€379 | +15.6% |
| Stocks | 30/36 | €2,430 | €2,809 | +€379 | +15.6% |
| Amounts receivable within one year | 40/41 | €150,248 | €28,639 | -€121,609 | -80.9% |
| Trade receivables | 40 | €127,667 | - | -€127,667 | |
| Other amounts receivable | 41 | €22,581 | €28,639 | +€6,057 | +26.8% |
| Current investments | 50/53 | €29,859 | €29,859 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €37,508 | +€37,508 | |
| Deferred charges and accrued income | 490/1 | - | €669 | +€669 | |
| Total equity and liabilities | 10/49 | €303,577 | €209,591 | -€93,985 | -31.0% |
| Equity | 10/15 | €117,038 | €64,122 | -€52,916 | -45.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €108,978 | €108,978 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,556 | €17,556 | = | 0.0% |
| Distributable reserves | 133 | €91,422 | €91,422 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€52,916 | -€52,916 | |
| Amounts payable | 17/49 | €186,539 | €145,469 | -€41,070 | -22.0% |
| Amounts payable within one year | 42/48 | €186,539 | €145,469 | -€41,070 | -22.0% |
| Financial debts | 43 | €19,245 | - | -€19,245 | |
| Credit institutions | 430/8 | €19,245 | - | -€19,245 | |
| Trade debts | 44 | €49,908 | €35,299 | -€14,609 | -29.3% |
| Suppliers | 440/4 | €49,908 | €35,299 | -€14,609 | -29.3% |
| Advances received on contracts in progress | 46 | €12,276 | €1,147 | -€11,129 | -90.7% |
| Taxes, remuneration and social security | 45 | €28,202 | €32,675 | +€4,473 | +15.9% |
| Taxes | 450/3 | €28,202 | €32,675 | +€4,473 | +15.9% |
| Other amounts payable | 47/48 | €76,907 | €76,348 | -€560 | -0.7% |
| Non-recurring operating income | 76A | €52,288 | - | -€52,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,228 | €12,361 | -€867 | -6.6% |
| Other operating charges | 640/8 | €841 | €567 | -€275 | -32.7% |
| Gross operating margin | 9900 | €49,462 | -€39,748 | -€89,210 | |
| Operating profit (loss) | 9901 | €35,392 | -€52,676 | -€88,068 | |
| Financial income | 75/76B | €743 | €945 | +€202 | +27.1% |
| Recurring financial income | 75 | €743 | €945 | +€202 | +27.1% |
| Financial charges | 65/66B | €1,129 | €712 | -€417 | -36.9% |
| Recurring financial charges | 65 | €1,129 | €712 | -€417 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €35,007 | -€52,443 | -€87,449 | |
| Income taxes | 67/77 | -€131 | €473 | +€604 | |
| Profit (loss) for the period | 9904 | €35,138 | -€52,916 | -€88,054 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,138 | -€52,916 | -€88,054 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.