INVECE: 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.
INVECE
Largest movements
- Receivables within one year +€19,150
up €19,150 (+51.1%), from €37,468 to €56,618
of which Other amounts receivable: +€10,254
- Tangible fixed assets -€11,483
down €11,483 (-50.3%), from €22,849 to €11,365
of which Furniture and vehicles: -€9,712
- Other debts +€15,000
up €15,000 (+150.0%), from €10,000 to €25,000
- Current portion of long-term debt -€6,837
down €6,837 (-74.8%), from €9,134 to €2,298
- Debts after one year -€2,298
no longer reported in 2025 (was €2,298)
- Tax, wage and social debts +€1,548
up €1,548 (+7.7%), from €20,231 to €21,779
of which Taxes: +€1,235
- Profit (loss) carried forward +€1,331
up €1,331 (+10.7%), from €12,437 to €13,767
- Gross operating margin +€16,234
up €16,234 (+54.3%), from €29,902 to €46,136
- Taxes +€5,825
up €5,825 (+242.3%), from €2,404 to €8,229
- Other operating charges +€636
up €636 (+77.4%), from €822 to €1,458
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 | €77,440 | €85,238 | +€7,798 | +10.1% |
| Fixed assets | 21/28 | €22,849 | €11,365 | -€11,483 | -50.3% |
| Tangible fixed assets | 22/27 | €22,849 | €11,365 | -€11,483 | -50.3% |
| Plant, machinery and equipment | 23 | €3,313 | €2,292 | -€1,021 | -30.8% |
| Furniture and vehicles | 24 | €13,699 | €3,987 | -€9,712 | -70.9% |
| Other tangible fixed assets | 26 | €5,837 | €5,087 | -€750 | -12.9% |
| Current assets | 29/58 | €54,592 | €73,873 | +€19,281 | +35.3% |
| Amounts receivable within one year | 40/41 | €37,468 | €56,618 | +€19,150 | +51.1% |
| Trade receivables | 40 | €11,937 | €20,833 | +€8,896 | +74.5% |
| Other amounts receivable | 41 | €25,531 | €35,785 | +€10,254 | +40.2% |
| Cash at bank and in hand | 54/58 | €13,214 | €12,574 | -€640 | -4.8% |
| Deferred charges and accrued income | 490/1 | €3,909 | €4,680 | +€771 | +19.7% |
| Total equity and liabilities | 10/49 | €77,440 | €85,238 | +€7,798 | +10.1% |
| Equity | 10/15 | €33,437 | €34,767 | +€1,331 | +4.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,437 | €13,767 | +€1,331 | +10.7% |
| Amounts payable | 17/49 | €44,004 | €50,471 | +€6,467 | +14.7% |
| Amounts payable after more than one year | 17 | €2,298 | - | -€2,298 | |
| Financial debts | 170/4 | €2,298 | - | -€2,298 | |
| Amounts payable within one year | 42/48 | €41,181 | €50,268 | +€9,087 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €9,134 | €2,298 | -€6,837 | -74.8% |
| Trade debts | 44 | €1,816 | €1,191 | -€625 | -34.4% |
| Suppliers | 440/4 | €1,816 | €1,191 | -€625 | -34.4% |
| Taxes, remuneration and social security | 45 | €20,231 | €21,779 | +€1,548 | +7.7% |
| Taxes | 450/3 | €17,231 | €18,466 | +€1,235 | +7.2% |
| Remuneration and social security | 454/9 | €3,000 | €3,313 | +€313 | +10.4% |
| Other amounts payable | 47/48 | €10,000 | €25,000 | +€15,000 | +150.0% |
| Accrued charges and deferred income | 492/3 | €525 | €203 | -€322 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,619 | €11,483 | -€136 | -1.2% |
| Other operating charges | 640/8 | €822 | €1,458 | +€636 | +77.4% |
| Gross operating margin | 9900 | €29,902 | €46,136 | +€16,234 | +54.3% |
| Operating profit (loss) | 9901 | €17,462 | €33,195 | +€15,734 | +90.1% |
| Financial income | 75/76B | €1,326 | €1,644 | +€318 | +24.0% |
| Recurring financial income | 75 | €1,326 | €1,644 | +€318 | +24.0% |
| Financial charges | 65/66B | €508 | €280 | -€229 | -45.0% |
| Recurring financial charges | 65 | €508 | €280 | -€229 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €18,280 | €34,560 | +€16,280 | +89.1% |
| Income taxes | 67/77 | €2,404 | €8,229 | +€5,825 | +242.3% |
| Profit (loss) for the period | 9904 | €15,875 | €26,331 | +€10,455 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,875 | €26,331 | +€10,455 | +65.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.