Inve Technologies: what changed
What changed
Inve Technologies
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€4.5m
2024 · €3.1m+€1.4m
Equity
€39.4m
2024 · €49.9m-€10.5m
Cash
€6.4m
2024 · €2.3m+€4.1m
Balance sheet total
€43.5m
2024 · €55.3m-€11.8m
Largest movements
Assets
- Receivables after one year -€16.9m
down €16.9m (-100%), from €16.9m to €0
- Cash +€4.1m
up €4.1m (+182%), from €2.3m to €6.4m
mainly Receivables after one year (+€16.9m) and Net result for the year (+€4.5m)
- Stocks and contracts +€895,626
up €895,626 (+32.2%), from €2.8m to €3.7m
Equity and liabilities
- Profit (loss) carried forward -€10.5m
down €10.5m (-22.0%), from €47.9m to €37.4m
- Trade debts -€1.3m
down €1.3m (-28.9%), from €4.5m to €3.2m
Income statement
- Turnover +€5.1m
up €5.1m (+12.4%), from €41.6m to €46.8m
- Goods and materials +€4.9m
up €4.9m (+19.4%), from €25.3m to €30.2m
- Financial income -€1.5m
no longer reported in 2025 (was €1.5m)
- Taxes +€556,184
up €556,184 (+99.1%), from €561,331 to €1.1m
- Staff costs -€474,523
down €474,523 (-9.0%), from €5.3m to €4.8m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3.1m
Turnover
+€5.1m
Other operating income
+€46,221
Goods and materials
-€4.9m
Services and other goods
-€386,912
Staff costs
+€474,523
Depreciation
+€1,614
Write-downs
-€303,173
Other operating charges
+€245,741
Other operating items
+€629,355
Financial income
-€1.5m
Financial charges
+€221,764
Other financial items
+€2.3m
Taxes
-€556,184
Result 2025
€4.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€19.3m
Investment
-€152,884
Financing
-€15.1m
Cash 2024
€2.3m
From operations (derived)
+€19.3m
Net result for the year
+€4.5m
Depreciation
+€161,609
Receivables after one year
+€16.9m
Stocks and contracts
-€895,626
Receivables within one year
-€80,291
Smaller working-capital items
+€2,837
Trade debts
-€1.3m
Tax, wage and social debts
+€52,315
Investment (derived)
-€152,884
Investment in fixed assets (net)
-€152,884
Financing
-€15.1m
Contributions, distributions and other
-€15.1m
Cash 2025
€6.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,300,107 | €43,528,605 | -€11.8m | -21.3% |
| Fixed assets | 21/28 | €10,627,343 | €10,618,619 | -€8,724 | -0.1% |
| Intangible fixed assets | 21 | €51,452 | €58,056 | +€6,604 | +12.8% |
| Tangible fixed assets | 22/27 | €1,054,003 | €1,041,409 | -€12,594 | -1.2% |
| Land and buildings | 22 | €477,371 | €472,654 | -€4,717 | -1.0% |
| Plant, machinery and equipment | 23 | €495,902 | €512,574 | +€16,672 | +3.4% |
| Furniture and vehicles | 24 | €80,729 | €56,181 | -€24,548 | -30.4% |
| Financial fixed assets | 28 | €9,521,888 | €9,519,153 | -€2,735 | 0.0% |
| Affiliated companies | 280/1 | €9,518,703 | €9,518,703 | -€0 | 0.0% |
| Participating interests | 280 | €9,518,703 | €9,518,703 | -€0 | 0.0% |
| Other financial fixed assets | 284/8 | €3,185 | €450 | -€2,735 | -85.9% |
| Amounts receivable and cash guarantees | 285/8 | €3,185 | €450 | -€2,735 | -85.9% |
| Current assets | 29/58 | €44,672,763 | €32,909,986 | -€11.8m | -26.3% |
| Amounts receivable after more than one year | 29 | €16,873,714 | €0 | -€16.9m | -100% |
| Other amounts receivable | 291 | €16,873,714 | €0 | -€16.9m | -100% |
| Stocks and contracts in progress | 3 | €2,779,237 | €3,674,863 | +€895,626 | +32.2% |
| Stocks | 30/36 | €2,779,237 | €3,674,863 | +€895,626 | +32.2% |
| Raw materials and consumables | 30/31 | €6,214 | €4,912 | -€1,302 | -21.0% |
| Finished goods | 33 | €785,895 | €967,195 | +€181,300 | +23.1% |
| Goods purchased for resale | 34 | €1,987,128 | €2,702,755 | +€715,627 | +36.0% |
| Amounts receivable within one year | 40/41 | €22,710,373 | €22,790,664 | +€80,291 | +0.4% |
| Trade receivables | 40 | €21,865,309 | €22,680,470 | +€815,161 | +3.7% |
| Other amounts receivable | 41 | €845,064 | €110,195 | -€734,869 | -87.0% |
| Cash at bank and in hand | 54/58 | €2,271,212 | €6,393,733 | +€4.1m | +182% |
| Deferred charges and accrued income | 490/1 | €38,227 | €50,726 | +€12,499 | +32.7% |
| Total equity and liabilities | 10/49 | €55,300,107 | €43,528,605 | -€11.8m | -21.3% |
| Equity | 10/15 | €49,928,256 | €39,404,943 | -€10.5m | -21.1% |
| Contributions | 10/11 | €1,825,000 | €1,825,000 | = | 0.0% |
| Capital | 10 | €1,825,000 | €1,825,000 | = | 0.0% |
| Issued capital | 100 | €1,825,000 | €1,825,000 | = | 0.0% |
| Reserves | 13 | €182,500 | €182,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €182,500 | €182,500 | = | 0.0% |
| Legal reserve | 130 | €182,500 | €182,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,920,756 | €37,397,443 | -€10.5m | -22.0% |
| Amounts payable | 17/49 | €5,371,851 | €4,123,662 | -€1.2m | -23.2% |
| Amounts payable within one year | 42/48 | €5,304,078 | €4,040,774 | -€1.3m | -23.8% |
| Trade debts | 44 | €4,547,477 | €3,231,636 | -€1.3m | -28.9% |
| Suppliers | 440/4 | €4,547,477 | €3,231,636 | -€1.3m | -28.9% |
| Taxes, remuneration and social security | 45 | €756,601 | €808,916 | +€52,315 | +6.9% |
| Taxes | 450/3 | €96,937 | €216,137 | +€119,200 | +123% |
| Remuneration and social security | 454/9 | €659,664 | €592,779 | -€66,885 | -10.1% |
| Other amounts payable | 47/48 | - | €222 | +€222 | |
| Accrued charges and deferred income | 492/3 | €67,774 | €82,887 | +€15,114 | +22.3% |
| Operating income | 70/76A | €41,462,777 | €47,321,097 | +€5.9m | +14.1% |
| Turnover | 70 | €41,622,677 | €46,766,582 | +€5.1m | +12.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€486,894 | €181,300 | +€668,194 | |
| Own construction capitalised | 72 | €0 | - | = | |
| Other operating income | 74 | €326,994 | €373,215 | +€46,221 | +14.1% |
| Operating charges | 60/66A | €36,955,336 | €41,868,511 | +€4.9m | +13.3% |
| Goods for resale, raw materials and consumables | 60 | €25,331,952 | €30,238,082 | +€4.9m | +19.4% |
| Purchases | 600/8 | €25,291,991 | - | -€25.3m | |
| Change in stocks: decrease (increase) | 609 | €39,961 | -€712,186 | -€752,147 | |
| Services and other goods | 61 | €6,118,557 | €6,505,469 | +€386,912 | +6.3% |
| Remuneration, social security and pensions | 62 | €5,264,597 | €4,790,074 | -€474,523 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,223 | €161,609 | -€1,614 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€254,614 | €48,559 | +€303,173 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €321,092 | €75,351 | -€245,741 | -76.5% |
| Non-recurring operating charges | 66A | €10,528 | €49,366 | +€38,838 | +369% |
| Operating profit (loss) | 9901 | €4,507,441 | €5,452,586 | +€945,145 | +21.0% |
| Financial income | 75/76B | €1,451,028 | - | -€1.5m | |
| Recurring financial income | 75 | €1,451,028 | €2,252,947 | +€801,919 | +55.3% |
| Income from current assets | 751 | €959,513 | €471,092 | -€488,421 | -50.9% |
| Other financial income | 752/9 | €491,515 | €1,781,856 | +€1.3m | +263% |
| Financial charges | 65/66B | €2,280,237 | €2,058,473 | -€221,764 | -9.7% |
| Recurring financial charges | 65 | €2,280,237 | €2,058,473 | -€221,764 | -9.7% |
| Debt charges | 650 | €24,990 | €17,081 | -€7,909 | -31.6% |
| Other financial charges | 652/9 | €2,255,247 | €2,041,392 | -€213,855 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €3,678,233 | €5,647,061 | +€2.0m | +53.5% |
| Income taxes | 67/77 | €561,331 | €1,117,515 | +€556,184 | +99.1% |
| Taxes | 670/3 | €561,331 | €1,117,515 | +€556,184 | +99.1% |
| Profit (loss) for the period | 9904 | €3,116,902 | €4,529,546 | +€1.4m | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,116,902 | €4,529,546 | +€1.4m | +45.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.