INVENSU: 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.
INVENSU
Largest movements
- Financial fixed assets -€57,000
no longer reported in 2025 (was €57,000)
- Cash -€32,678
down €32,678 (-74.7%), from €43,718 to €11,040
mainly Other debts (-€88,289) and Trade debts (-€23,179)
- Receivables within one year -€23,713
down €23,713 (-32.8%), from €72,211 to €48,498
of which Trade receivables: -€16,551
- Deferred charges and accrued income +€5,301
up €5,301 (+168%), from €3,150 to €8,451
- Other debts -€88,289
down €88,289 (-80.3%), from €110,000 to €21,711
- Trade debts -€23,179
down €23,179 (-64.7%), from €35,804 to €12,625
- Tax, wage and social debts +€5,805
up €5,805 (+41.6%), from €13,939 to €19,744
of which Remuneration and social security: +€3,251
- Reserves +€5,724
up €5,724 (+166%), from €3,454 to €9,178
- Advances received -€5,628
no longer reported in 2025 (was €5,628)
- Gross operating margin -€32,239
down €32,239 (-60.8%), from €53,011 to €20,772
- Taxes -€7,307
down €7,307 (-64.6%), from €11,305 to €3,998
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 | €204,661 | €94,737 | -€109,924 | -53.7% |
| Fixed assets | 21/28 | €85,582 | €26,747 | -€58,834 | -68.7% |
| Tangible fixed assets | 22/27 | €28,582 | €26,747 | -€1,834 | -6.4% |
| Furniture and vehicles | 24 | €2,343 | €6,968 | +€4,625 | +197% |
| Other tangible fixed assets | 26 | €26,239 | €19,779 | -€6,459 | -24.6% |
| Financial fixed assets | 28 | €57,000 | - | -€57,000 | |
| Current assets | 29/58 | €119,079 | €67,990 | -€51,090 | -42.9% |
| Amounts receivable within one year | 40/41 | €72,211 | €48,498 | -€23,713 | -32.8% |
| Trade receivables | 40 | €65,047 | €48,496 | -€16,551 | -25.4% |
| Other amounts receivable | 41 | €7,164 | €2 | -€7,162 | -100.0% |
| Cash at bank and in hand | 54/58 | €43,718 | €11,040 | -€32,678 | -74.7% |
| Deferred charges and accrued income | 490/1 | €3,150 | €8,451 | +€5,301 | +168% |
| Total equity and liabilities | 10/49 | €204,661 | €94,737 | -€109,924 | -53.7% |
| Equity | 10/15 | €22,004 | €27,728 | +€5,724 | +26.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,454 | €9,178 | +€5,724 | +166% |
| Distributable reserves | 133 | €3,454 | €9,178 | +€5,724 | +166% |
| Amounts payable | 17/49 | €182,657 | €67,009 | -€115,648 | -63.3% |
| Amounts payable after more than one year | 17 | €12,929 | €10,540 | -€2,389 | -18.5% |
| Financial debts | 170/4 | €12,929 | €10,540 | -€2,389 | -18.5% |
| Amounts payable within one year | 42/48 | €167,648 | €56,469 | -€111,179 | -66.3% |
| Current portion of amounts payable after more than one year | 42 | €2,278 | €2,389 | +€112 | +4.9% |
| Trade debts | 44 | €35,804 | €12,625 | -€23,179 | -64.7% |
| Suppliers | 440/4 | €35,804 | €12,625 | -€23,179 | -64.7% |
| Advances received on contracts in progress | 46 | €5,628 | - | -€5,628 | |
| Taxes, remuneration and social security | 45 | €13,939 | €19,744 | +€5,805 | +41.6% |
| Taxes | 450/3 | €13,939 | €16,493 | +€2,554 | +18.3% |
| Remuneration and social security | 454/9 | - | €3,251 | +€3,251 | |
| Other amounts payable | 47/48 | €110,000 | €21,711 | -€88,289 | -80.3% |
| Accrued charges and deferred income | 492/3 | €2,080 | - | -€2,080 | |
| Non-recurring operating income | 76A | €621 | - | -€621 | |
| Remuneration, social security and pensions | 62 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,220 | €7,703 | +€483 | +6.7% |
| Other operating charges | 640/8 | €1,429 | €1,482 | +€53 | +3.7% |
| Gross operating margin | 9900 | €53,011 | €20,772 | -€32,239 | -60.8% |
| Operating profit (loss) | 9901 | €44,344 | €11,588 | -€32,757 | -73.9% |
| Financial income | 75/76B | €1,494 | €1,014 | -€480 | -32.1% |
| Recurring financial income | 75 | €1,494 | €1,014 | -€480 | -32.1% |
| Financial charges | 65/66B | €2,702 | €2,880 | +€178 | +6.6% |
| Recurring financial charges | 65 | €2,702 | €2,880 | +€178 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €43,136 | €9,722 | -€33,415 | -77.5% |
| Income taxes | 67/77 | €11,305 | €3,998 | -€7,307 | -64.6% |
| Profit (loss) for the period | 9904 | €31,831 | €5,724 | -€26,107 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,831 | €5,724 | -€26,107 | -82.0% |
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 23 October 2026 via checked.be.