Invelience Capital: 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.
Invelience Capital
Largest movements
- Tangible fixed assets -€32,553
down €32,553 (-5.1%), from €635,680 to €603,127
of which Land and buildings: -€22,853
- Current investments -€25,124
down €25,124 (-13.3%), from €189,161 to €164,036
- Cash -€15,195
down €15,195 (-36.9%), from €41,212 to €26,016
mainly Net result for the year (-€80,313) and Investment in fixed assets (net) (-€1,245)
- Profit (loss) carried forward -€80,313
down €80,313 (-1.6%), from -€5.0m to -€5.1m
- Gross operating margin +€5,873
up €5,873 (+102%), from €5,756 to €11,628
- Staff costs +€2,416
up €2,416 (+6.2%), from €39,204 to €41,620
- Other operating charges +€2,307
up €2,307 (+11.7%), from €19,686 to €21,993
- Financial income -€1,228
down €1,228 (-15.7%), from €7,831 to €6,602
- Depreciation +€856
up €856 (+2.6%), from €32,942 to €33,798
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 | €867,823 | €795,412 | -€72,411 | -8.3% |
| Fixed assets | 21/28 | €635,680 | €603,127 | -€32,553 | -5.1% |
| Tangible fixed assets | 22/27 | €635,680 | €603,127 | -€32,553 | -5.1% |
| Land and buildings | 22 | €611,504 | €588,651 | -€22,853 | -3.7% |
| Plant, machinery and equipment | 23 | €10,160 | €7,148 | -€3,012 | -29.6% |
| Furniture and vehicles | 24 | €14,016 | €7,328 | -€6,688 | -47.7% |
| Current assets | 29/58 | €232,143 | €192,285 | -€39,858 | -17.2% |
| Amounts receivable within one year | 40/41 | - | €363 | +€363 | |
| Trade receivables | 40 | - | €363 | +€363 | |
| Current investments | 50/53 | €189,161 | €164,036 | -€25,124 | -13.3% |
| Cash at bank and in hand | 54/58 | €41,212 | €26,016 | -€15,195 | -36.9% |
| Deferred charges and accrued income | 490/1 | €1,770 | €1,869 | +€99 | +5.6% |
| Total equity and liabilities | 10/49 | €867,823 | €795,412 | -€72,411 | -8.3% |
| Equity | 10/15 | €843,142 | €762,829 | -€80,313 | -9.5% |
| Contributions | 10/11 | €5,850,578 | €5,850,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,007,436 | -€5,087,750 | -€80,313 | -1.6% |
| Amounts payable | 17/49 | €24,681 | €32,583 | +€7,902 | +32.0% |
| Amounts payable within one year | 42/48 | €24,681 | €32,583 | +€7,902 | +32.0% |
| Trade debts | 44 | €2,286 | €1,693 | -€593 | -25.9% |
| Suppliers | 440/4 | €2,286 | €1,693 | -€593 | -25.9% |
| Taxes, remuneration and social security | 45 | €14,205 | €15,451 | +€1,246 | +8.8% |
| Taxes | 450/3 | €1,637 | €1,832 | +€195 | +11.9% |
| Remuneration and social security | 454/9 | €12,567 | €13,619 | +€1,052 | +8.4% |
| Other amounts payable | 47/48 | €8,190 | €15,439 | +€7,249 | +88.5% |
| Remuneration, social security and pensions | 62 | €39,204 | €41,620 | +€2,416 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,942 | €33,798 | +€856 | +2.6% |
| Other operating charges | 640/8 | €19,686 | €21,993 | +€2,307 | +11.7% |
| Gross operating margin | 9900 | €5,756 | €11,628 | +€5,873 | +102% |
| Operating profit (loss) | 9901 | -€86,077 | -€85,784 | +€293 | +0.3% |
| Financial income | 75/76B | €7,831 | €6,602 | -€1,228 | -15.7% |
| Recurring financial income | 75 | €7,831 | €6,602 | -€1,228 | -15.7% |
| Financial charges | 65/66B | €145 | €806 | +€661 | +457% |
| Recurring financial charges | 65 | €145 | €806 | +€661 | +457% |
| Profit (loss) for the period before taxes | 9903 | -€78,391 | -€79,987 | -€1,597 | -2.0% |
| Income taxes | 67/77 | €332 | €326 | -€6 | -1.9% |
| Profit (loss) for the period | 9904 | -€78,723 | -€80,313 | -€1,590 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,723 | -€80,313 | -€1,590 | -2.0% |
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 31 October 2026 via checked.be.