INVECTO: 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.
INVECTO
Largest movements
- Receivables after one year +€37,000
up €37,000 (+31.2%), from €118,622 to €155,622
- Cash +€18,341
up €18,341 (+16.2%), from €113,000 to €131,340
mainly Net result for the year (+€109,225) and Other debts (+€31,287)
- Other debts +€31,287
new in 2025: €31,287
- Tax, wage and social debts +€28,908
up €28,908 (+72.7%), from €39,776 to €68,684
- Gross operating margin +€55,559
up €55,559 (+60.5%), from €91,787 to €147,346
- Taxes +€15,374
up €15,374 (+60.5%), from €25,412 to €40,786
- Financial income +€1,591
up €1,591 (+32.2%), from €4,934 to €6,526
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.
Derived cash bridge
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 | €299,901 | €360,718 | +€60,816 | +20.3% |
| Fixed assets | 21/28 | €18,296 | €20,837 | +€2,541 | +13.9% |
| Tangible fixed assets | 22/27 | €3,984 | €6,525 | +€2,541 | +63.8% |
| Plant, machinery and equipment | 23 | €3,984 | €6,525 | +€2,541 | +63.8% |
| Financial fixed assets | 28 | €14,312 | €14,312 | = | 0.0% |
| Current assets | 29/58 | €281,606 | €339,880 | +€58,275 | +20.7% |
| Amounts receivable after more than one year | 29 | €118,622 | €155,622 | +€37,000 | +31.2% |
| Other amounts receivable | 291 | €118,622 | €155,622 | +€37,000 | +31.2% |
| Amounts receivable within one year | 40/41 | €46,119 | €48,928 | +€2,809 | +6.1% |
| Trade receivables | 40 | €45,742 | €48,928 | +€3,186 | +7.0% |
| Other amounts receivable | 41 | €377 | - | -€377 | |
| Cash at bank and in hand | 54/58 | €113,000 | €131,340 | +€18,341 | +16.2% |
| Deferred charges and accrued income | 490/1 | €3,865 | €3,991 | +€125 | +3.2% |
| Total equity and liabilities | 10/49 | €299,901 | €360,718 | +€60,816 | +20.3% |
| Equity | 10/15 | €253,800 | €253,800 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €251,800 | €251,800 | = | 0.0% |
| Distributable reserves | 133 | €251,800 | €251,800 | = | 0.0% |
| Amounts payable | 17/49 | €46,102 | €106,918 | +€60,816 | +132% |
| Amounts payable within one year | 42/48 | €46,102 | €106,918 | +€60,816 | +132% |
| Trade debts | 44 | €6,325 | €6,946 | +€621 | +9.8% |
| Suppliers | 440/4 | €6,325 | €6,946 | +€621 | +9.8% |
| Taxes, remuneration and social security | 45 | €39,776 | €68,684 | +€28,908 | +72.7% |
| Taxes | 450/3 | €39,776 | €68,684 | +€28,908 | +72.7% |
| Other amounts payable | 47/48 | - | €31,287 | +€31,287 | |
| Remuneration, social security and pensions | 62 | - | €34 | +€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €518 | €518 | = | 0.0% |
| Other operating charges | 640/8 | €614 | €962 | +€348 | +56.6% |
| Gross operating margin | 9900 | €91,787 | €147,346 | +€55,559 | +60.5% |
| Operating profit (loss) | 9901 | €90,655 | €145,832 | +€55,177 | +60.9% |
| Financial income | 75/76B | €4,934 | €6,526 | +€1,591 | +32.2% |
| Recurring financial income | 75 | €4,934 | €6,526 | +€1,591 | +32.2% |
| Financial charges | 65/66B | €3,014 | €2,347 | -€667 | -22.1% |
| Recurring financial charges | 65 | €3,014 | €2,347 | -€667 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €92,575 | €150,011 | +€57,436 | +62.0% |
| Income taxes | 67/77 | €25,412 | €40,786 | +€15,374 | +60.5% |
| Profit (loss) for the period | 9904 | €67,163 | €109,225 | +€42,062 | +62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,163 | €109,225 | +€42,062 | +62.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.