Inveasy: 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.
Inveasy
Largest movements
- Cash -€15,814
down €15,814 (-31.8%), from €49,782 to €33,969
mainly Contributions, distributions and other (-€48,718) and Stocks and contracts (-€9,331)
- Stocks and contracts +€9,331
up €9,331 (+51.4%), from €18,150 to €27,481
- Tangible fixed assets -€5,327
down €5,327 (-35.1%), from €15,154 to €9,827
- Receivables within one year -€2,379
down €2,379 (-7.2%), from €32,961 to €30,582
of which Trade receivables: -€1,404
- Reserves -€10,745
down €10,745 (-22.9%), from €47,002 to €36,257
- Other debts +€7,213
up €7,213 (+34.8%), from €20,738 to €27,951
- Trade debts -€5,204
down €5,204 (-16.0%), from €32,434 to €27,231
- Debts after one year -€4,787
no longer reported in 2025 (was €4,787)
- Gross operating margin -€5,100
down €5,100 (-7.7%), from €66,085 to €60,986
- Taxes +€1,854
up €1,854 (+14.9%), from €12,448 to €14,302
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 | €117,571 | €103,374 | -€14,196 | -12.1% |
| Formation expenses | 20 | €270 | €45 | -€225 | -83.4% |
| Fixed assets | 21/28 | €15,154 | €9,827 | -€5,327 | -35.1% |
| Tangible fixed assets | 22/27 | €15,154 | €9,827 | -€5,327 | -35.1% |
| Furniture and vehicles | 24 | €15,154 | €9,827 | -€5,327 | -35.1% |
| Current assets | 29/58 | €102,147 | €93,502 | -€8,645 | -8.5% |
| Stocks and contracts in progress | 3 | €18,150 | €27,481 | +€9,331 | +51.4% |
| Stocks | 30/36 | €18,150 | €27,481 | +€9,331 | +51.4% |
| Amounts receivable within one year | 40/41 | €32,961 | €30,582 | -€2,379 | -7.2% |
| Trade receivables | 40 | €30,408 | €29,004 | -€1,404 | -4.6% |
| Other amounts receivable | 41 | €2,552 | €1,578 | -€975 | -38.2% |
| Cash at bank and in hand | 54/58 | €49,782 | €33,969 | -€15,814 | -31.8% |
| Deferred charges and accrued income | 490/1 | €1,254 | €1,471 | +€217 | +17.3% |
| Total equity and liabilities | 10/49 | €117,571 | €103,374 | -€14,196 | -12.1% |
| Equity | 10/15 | €52,002 | €41,257 | -€10,745 | -20.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,002 | €36,257 | -€10,745 | -22.9% |
| Distributable reserves | 133 | €47,002 | €36,257 | -€10,745 | -22.9% |
| Amounts payable | 17/49 | €65,569 | €62,117 | -€3,452 | -5.3% |
| Amounts payable after more than one year | 17 | €4,787 | - | -€4,787 | |
| Financial debts | 170/4 | €4,787 | - | -€4,787 | |
| Amounts payable within one year | 42/48 | €58,915 | €60,396 | +€1,480 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €5,423 | €5,214 | -€210 | -3.9% |
| Trade debts | 44 | €32,434 | €27,231 | -€5,204 | -16.0% |
| Suppliers | 440/4 | €32,434 | €27,231 | -€5,204 | -16.0% |
| Taxes, remuneration and social security | 45 | €320 | - | -€320 | |
| Taxes | 450/3 | €320 | - | -€320 | |
| Other amounts payable | 47/48 | €20,738 | €27,951 | +€7,213 | +34.8% |
| Accrued charges and deferred income | 492/3 | €1,866 | €1,722 | -€144 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,551 | €5,551 | = | 0.0% |
| Other operating charges | 640/8 | €1,250 | €654 | -€596 | -47.7% |
| Gross operating margin | 9900 | €66,085 | €60,986 | -€5,100 | -7.7% |
| Operating profit (loss) | 9901 | €59,284 | €54,780 | -€4,504 | -7.6% |
| Financial charges | 65/66B | €2,568 | €2,505 | -€62 | -2.4% |
| Recurring financial charges | 65 | €2,568 | €2,505 | -€62 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €56,716 | €52,275 | -€4,441 | -7.8% |
| Income taxes | 67/77 | €12,448 | €14,302 | +€1,854 | +14.9% |
| Profit (loss) for the period | 9904 | €44,269 | €37,973 | -€6,296 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,269 | €37,973 | -€6,296 | -14.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.