INVENT: 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.
INVENT
Largest movements
- Tangible fixed assets +€173,455
up €173,455 (+131%), from €132,369 to €305,823
of which Assets under construction and advance payments: +€201,295
- Receivables within one year -€18,035
down €18,035 (-36.6%), from €49,305 to €31,269
of which Trade receivables: -€16,350
- Cash +€6,326
up €6,326 (+30.7%), from €20,583 to €26,908
mainly Debts after one year (+€116,944) and Depreciation (+€56,054)
- Debts after one year +€116,944
up €116,944 (+210%), from €55,814 to €172,758
- Current portion of long-term debt +€27,685
up €27,685 (+64.0%), from €43,235 to €70,920
- Reserves +€16,019
up €16,019 (+12.2%), from €131,134 to €147,153
of which Distributable reserves: +€16,019
- Staff costs +€13,981
up €13,981 (+37.4%), from €37,390 to €51,372
- Financial charges -€4,876
down €4,876 (-39.4%), from €12,390 to €7,514
of which Financial charges: -€4,467
- Taxes -€3,912
down €3,912 (-29.3%), from €13,374 to €9,462
- Depreciation +€2,640
up €2,640 (+4.9%), from €53,414 to €56,054
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 | €288,294 | €447,355 | +€159,061 | +55.2% |
| Fixed assets | 21/28 | €132,369 | €305,823 | +€173,455 | +131% |
| Tangible fixed assets | 22/27 | €132,369 | €305,823 | +€173,455 | +131% |
| Land and buildings | 22 | €32,227 | €16,114 | -€16,113 | -50.0% |
| Plant, machinery and equipment | 23 | €74,345 | €59,042 | -€15,302 | -20.6% |
| Furniture and vehicles | 24 | €2,628 | €93 | -€2,534 | -96.4% |
| Leasing and similar rights | 25 | - | €10,821 | +€10,821 | |
| Other tangible fixed assets | 26 | €23,169 | €18,459 | -€4,711 | -20.3% |
| Assets under construction and advance payments | 27 | - | €201,295 | +€201,295 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €155,925 | €141,532 | -€14,393 | -9.2% |
| Stocks and contracts in progress | 3 | €82,329 | €79,357 | -€2,971 | -3.6% |
| Stocks | 30/36 | €48,260 | €47,125 | -€1,135 | -2.4% |
| Contracts in progress | 37 | €34,069 | €32,232 | -€1,837 | -5.4% |
| Amounts receivable within one year | 40/41 | €49,305 | €31,269 | -€18,035 | -36.6% |
| Trade receivables | 40 | €47,619 | €31,269 | -€16,350 | -34.3% |
| Other amounts receivable | 41 | €1,686 | €0 | -€1,686 | -100% |
| Cash at bank and in hand | 54/58 | €20,583 | €26,908 | +€6,326 | +30.7% |
| Deferred charges and accrued income | 490/1 | €3,709 | €3,997 | +€288 | +7.8% |
| Total equity and liabilities | 10/49 | €288,294 | €447,355 | +€159,061 | +55.2% |
| Equity | 10/15 | €149,726 | €165,745 | +€16,019 | +10.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €131,134 | €147,153 | +€16,019 | +12.2% |
| Non-distributable reserves | 130/1 | €9,625 | €9,625 | = | 0.0% |
| Other | 1319 | €9,625 | €9,625 | = | 0.0% |
| Distributable reserves | 133 | €121,509 | €137,528 | +€16,019 | +13.2% |
| Amounts payable | 17/49 | €138,568 | €281,611 | +€143,043 | +103% |
| Amounts payable after more than one year | 17 | €55,814 | €172,758 | +€116,944 | +210% |
| Financial debts | 170/4 | €55,814 | €172,758 | +€116,944 | +210% |
| Amounts payable within one year | 42/48 | €82,754 | €108,852 | +€26,099 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €43,235 | €70,920 | +€27,685 | +64.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €16,049 | €14,237 | -€1,812 | -11.3% |
| Suppliers | 440/4 | €16,049 | €14,237 | -€1,812 | -11.3% |
| Taxes, remuneration and social security | 45 | €19,342 | €23,455 | +€4,113 | +21.3% |
| Taxes | 450/3 | €11,541 | €14,022 | +€2,480 | +21.5% |
| Remuneration and social security | 454/9 | €7,800 | €9,433 | +€1,633 | +20.9% |
| Other amounts payable | 47/48 | €4,128 | €240 | -€3,888 | -94.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €37,390 | €51,372 | +€13,981 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,414 | €56,054 | +€2,640 | +4.9% |
| Other operating charges | 640/8 | €2,370 | €2,384 | +€14 | +0.6% |
| Gross operating margin | 9900 | €143,868 | €142,698 | -€1,170 | -0.8% |
| Operating profit (loss) | 9901 | €50,694 | €32,889 | -€17,805 | -35.1% |
| Financial income | 75/76B | €587 | €106 | -€481 | -81.9% |
| Recurring financial income | 75 | €587 | €106 | -€481 | -81.9% |
| Financial charges | 65/66B | €12,390 | €7,514 | -€4,876 | -39.4% |
| Recurring financial charges | 65 | €11,981 | €7,514 | -€4,467 | -37.3% |
| Non-recurring financial charges | 66B | €409 | €0 | -€409 | -100% |
| Profit (loss) for the period before taxes | 9903 | €38,890 | €25,481 | -€13,410 | -34.5% |
| Income taxes | 67/77 | €13,374 | €9,462 | -€3,912 | -29.3% |
| Profit (loss) for the period | 9904 | €25,516 | €16,019 | -€9,497 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,516 | €16,019 | -€9,497 | -37.2% |
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 23 October 2026 via checked.be.