Invatral: 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.
Invatral
Largest movements
- Tangible fixed assets +€1.1m
new in 2025: €1.1m
- Receivables within one year -€155,490
down €155,490 (-95.3%), from €163,075 to €7,585
of which Trade receivables: -€108,672
- Debts after one year +€1.0m
up €1.0m (+1281.7%), from €80,000 to €1.1m
of which Financial debts: +€925,343
- Profit (loss) carried forward -€122,846
new in 2025: -€122,846
- Current portion of long-term debt +€52,994
new in 2025: €52,994
- Tax, wage and social debts -€14,605
down €14,605 (-97.6%), from €14,963 to €358
- Depreciation +€130,053
new in 2025: €130,053
- Gross operating margin -€63,588
down €63,588 (-66.4%), from €95,769 to €32,181
- Taxes -€27,535
no longer reported in 2025 (was €27,535)
- Other operating charges -€23,732
down €23,732 (-72.8%), from €32,579 to €8,847
- Financial charges +€13,931
up €13,931 (+634.5%), from €2,196 to €16,127
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.
Cash bridge derived
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 | €202,340 | €1,140,819 | +€938,478 | +463.8% |
| Fixed assets | 21/28 | - | €1,083,771 | +€1.1m | |
| Tangible fixed assets | 22/27 | - | €1,083,771 | +€1.1m | |
| Land and buildings | 22 | - | €1,083,771 | +€1.1m | |
| Current assets | 29/58 | €202,340 | €57,048 | -€145,293 | -71.8% |
| Amounts receivable within one year | 40/41 | €163,075 | €7,585 | -€155,490 | -95.3% |
| Trade receivables | 40 | €108,900 | €228 | -€108,672 | -99.8% |
| Other amounts receivable | 41 | €54,175 | €7,357 | -€46,818 | -86.4% |
| Cash at bank and in hand | 54/58 | €39,265 | €49,462 | +€10,197 | +26.0% |
| Total equity and liabilities | 10/49 | €202,340 | €1,140,819 | +€938,478 | +463.8% |
| Equity | 10/15 | €101,295 | -€21,551 | -€122,846 | |
| 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% |
| Reserves | 13 | €39,795 | €39,795 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €33,645 | €33,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€122,846 | -€122,846 | |
| Amounts payable | 17/49 | €101,046 | €1,162,370 | +€1.1m | +1050.3% |
| Amounts payable after more than one year | 17 | €80,000 | €1,105,343 | +€1.0m | +1281.7% |
| Financial debts | 170/4 | - | €925,343 | +€925,343 | |
| Other amounts payable | 178/9 | €80,000 | €180,000 | +€100,000 | +125.0% |
| Amounts payable within one year | 42/48 | €21,046 | €57,027 | +€35,981 | +171.0% |
| Current portion of amounts payable after more than one year | 42 | - | €52,994 | +€52,994 | |
| Trade debts | 44 | €6,083 | €3,675 | -€2,408 | -39.6% |
| Suppliers | 440/4 | €6,083 | €3,675 | -€2,408 | -39.6% |
| Taxes, remuneration and social security | 45 | €14,963 | €358 | -€14,605 | -97.6% |
| Taxes | 450/3 | €14,963 | €358 | -€14,605 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €130,053 | +€130,053 | |
| Other operating charges | 640/8 | €32,579 | €8,847 | -€23,732 | -72.8% |
| Gross operating margin | 9900 | €95,769 | €32,181 | -€63,588 | -66.4% |
| Operating profit (loss) | 9901 | €63,189 | -€106,719 | -€169,908 | |
| Financial income | 75/76B | €186 | - | -€186 | |
| Recurring financial income | 75 | €186 | - | -€186 | |
| Financial charges | 65/66B | €2,196 | €16,127 | +€13,931 | +634.5% |
| Recurring financial charges | 65 | €2,196 | €16,127 | +€13,931 | +634.5% |
| Profit (loss) for the period before taxes | 9903 | €61,179 | -€122,846 | -€184,025 | |
| Income taxes | 67/77 | €27,535 | - | -€27,535 | |
| Profit (loss) for the period | 9904 | €33,645 | -€122,846 | -€156,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,645 | -€122,846 | -€156,490 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.