Invenio: 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.
Invenio
Largest movements
- Tangible fixed assets +€398,379
up €398,379 (+12,051%), from €3,306 to €401,685
of which Land and buildings: +€396,814
- Current investments -€28,148
no longer reported in 2025 (was €28,148)
- Financial fixed assets -€26,084
down €26,084 (-69.1%), from €37,750 to €11,666
- Cash +€24,468
up €24,468 (+199%), from €12,326 to €36,794
mainly Debts after one year (+€319,213) and Depreciation (+€51,811)
- Receivables within one year -€17,265
down €17,265 (-23.2%), from €74,310 to €57,045
of which Trade receivables: -€8,890
- Debts after one year +€319,213
new in 2025: €319,213
- Reserves +€24,077
up €24,077 (+19.1%), from €126,225 to €150,302
of which Distributable reserves: +€24,077
- Current portion of long-term debt +€16,738
up €16,738 (+452%), from €3,700 to €20,438
- Tax, wage and social debts -€6,753
down €6,753 (-42.0%), from €16,068 to €9,315
- Gross operating margin +€74,213
up €74,213 (+197%), from €37,705 to €111,918
- Depreciation +€49,809
up €49,809 (+2,487%), from €2,003 to €51,811
- Financial income +€6,932
up €6,932 (+2,595%), from €267 to €7,199
- Taxes +€3,541
up €3,541 (+41.3%), from €8,585 to €12,126
- Financial charges +€3,502
up €3,502 (+133%), from €2,641 to €6,142
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 | €159,806 | €512,074 | +€352,269 | +220% |
| Fixed assets | 21/28 | €41,056 | €413,351 | +€372,295 | +907% |
| Tangible fixed assets | 22/27 | €3,306 | €401,685 | +€398,379 | +12,051% |
| Land and buildings | 22 | - | €396,814 | +€396,814 | |
| Plant, machinery and equipment | 23 | - | €2,110 | +€2,110 | |
| Furniture and vehicles | 24 | €3,306 | €2,761 | -€545 | -16.5% |
| Financial fixed assets | 28 | €37,750 | €11,666 | -€26,084 | -69.1% |
| Current assets | 29/58 | €118,750 | €98,723 | -€20,027 | -16.9% |
| Amounts receivable within one year | 40/41 | €74,310 | €57,045 | -€17,265 | -23.2% |
| Trade receivables | 40 | €65,062 | €56,171 | -€8,890 | -13.7% |
| Other amounts receivable | 41 | €9,249 | €874 | -€8,375 | -90.6% |
| Current investments | 50/53 | €28,148 | - | -€28,148 | |
| Cash at bank and in hand | 54/58 | €12,326 | €36,794 | +€24,468 | +199% |
| Deferred charges and accrued income | 490/1 | €3,966 | €4,884 | +€918 | +23.2% |
| Total equity and liabilities | 10/49 | €159,806 | €512,074 | +€352,269 | +220% |
| Equity | 10/15 | €132,425 | €156,502 | +€24,077 | +18.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €126,225 | €150,302 | +€24,077 | +19.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €124,365 | €148,442 | +€24,077 | +19.4% |
| Amounts payable | 17/49 | €27,381 | €355,572 | +€328,192 | +1,199% |
| Amounts payable after more than one year | 17 | - | €319,213 | +€319,213 | |
| Financial debts | 170/4 | - | €319,213 | +€319,213 | |
| Amounts payable within one year | 42/48 | €24,202 | €36,359 | +€12,158 | +50.2% |
| Current portion of amounts payable after more than one year | 42 | €3,700 | €20,438 | +€16,738 | +452% |
| Trade debts | 44 | €2,480 | €1,944 | -€536 | -21.6% |
| Suppliers | 440/4 | €2,480 | €1,944 | -€536 | -21.6% |
| Taxes, remuneration and social security | 45 | €16,068 | €9,315 | -€6,753 | -42.0% |
| Taxes | 450/3 | €16,068 | €9,315 | -€6,753 | -42.0% |
| Other amounts payable | 47/48 | €1,953 | €4,663 | +€2,710 | +139% |
| Accrued charges and deferred income | 492/3 | €3,179 | - | -€3,179 | |
| Non-recurring operating income | 76A | €778 | - | -€778 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,003 | €51,811 | +€49,809 | +2,487% |
| Other operating charges | 640/8 | €1,636 | €3,460 | +€1,824 | +112% |
| Non-recurring operating charges | 66A | €1,032 | - | -€1,032 | |
| Gross operating margin | 9900 | €37,705 | €111,918 | +€74,213 | +197% |
| Operating profit (loss) | 9901 | €33,034 | €56,647 | +€23,612 | +71.5% |
| Financial income | 75/76B | €267 | €7,199 | +€6,932 | +2,595% |
| Recurring financial income | 75 | €267 | €7,199 | +€6,932 | +2,595% |
| Financial charges | 65/66B | €2,641 | €6,142 | +€3,502 | +133% |
| Recurring financial charges | 65 | €2,641 | €6,142 | +€3,502 | +133% |
| Profit (loss) for the period before taxes | 9903 | €30,661 | €57,703 | +€27,042 | +88.2% |
| Income taxes | 67/77 | €8,585 | €12,126 | +€3,541 | +41.3% |
| Profit (loss) for the period | 9904 | €22,076 | €45,577 | +€23,501 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €22,076 | €45,577 | +€23,501 | +106% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.