INVENTHIGA: 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.
What changed
INVENTHIGA
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€683
2024 · €24,734-€25,417
Equity
€231,344
2024 · €232,027-€683
Cash
€20,302
2024 · €18,670+€1,631
Balance sheet total
€804,554
2024 · €837,866-€33,312
Largest movements
Assets
- Tangible fixed assets -€36,276
down €36,276 (-4.7%), from €775,395 to €739,119
of which Land and buildings: -€19,031
Equity and liabilities
- Debts after one year -€26,711
down €26,711 (-5.2%), from €517,930 to €491,219
Income statement
- Gross operating margin -€21,113
down €21,113 (-27.4%), from €77,120 to €56,007
- Taxes -€9,249
down €9,249 (-69.7%), from €13,280 to €4,030
- Depreciation +€7,124
up €7,124 (+24.9%), from €28,557 to €35,681
- Financial charges +€6,531
up €6,531 (+75.7%), from €8,628 to €15,159
- Financial income +€817
up €817 (+3297.7%), from €25 to €841
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.
Result 2024
€24,734
Gross operating margin
-€21,113
Depreciation
-€7,124
Other operating charges
-€118
Other operating items
-€596
Financial income
+€817
Financial charges
-€6,531
Taxes
+€9,249
Result 2025
-€683
Cash bridge derived
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.
From operations
+€29,508
Investment
+€596
Financing
-€28,472
Cash 2024
€18,670
From operations (derived)
+€29,508
Net result for the year
-€683
Depreciation
+€35,681
Receivables within one year
+€49
Deferred charges and accrued income
-€1,381
Provisions
-€1,885
Trade debts
+€6,820
Tax, wage and social debts
-€7,638
Other debts
-€1,454
Investment (derived)
+€596
Investment in fixed assets (net)
+€596
Financing
-€28,472
Debts after one year
-€26,711
Current portion of long-term debt
-€1,761
Cash 2025
€20,302
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €837,866 | €804,554 | -€33,312 | -4.0% |
| Fixed assets | 21/28 | €775,400 | €739,124 | -€36,276 | -4.7% |
| Tangible fixed assets | 22/27 | €775,395 | €739,119 | -€36,276 | -4.7% |
| Land and buildings | 22 | €687,487 | €668,456 | -€19,031 | -2.8% |
| Plant, machinery and equipment | 23 | €31,454 | €27,290 | -€4,165 | -13.2% |
| Furniture and vehicles | 24 | €56,453 | €43,373 | -€13,081 | -23.2% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €62,466 | €65,430 | +€2,964 | +4.7% |
| Amounts receivable within one year | 40/41 | €39,697 | €39,648 | -€49 | -0.1% |
| Trade receivables | 40 | €39,598 | €39,648 | +€50 | +0.1% |
| Other amounts receivable | 41 | €99 | - | -€99 | |
| Cash at bank and in hand | 54/58 | €18,670 | €20,302 | +€1,631 | +8.7% |
| Deferred charges and accrued income | 490/1 | €4,099 | €5,481 | +€1,381 | +33.7% |
| Total equity and liabilities | 10/49 | €837,866 | €804,554 | -€33,312 | -4.0% |
| Equity | 10/15 | €232,027 | €231,344 | -€683 | -0.3% |
| Reserves | 13 | €232,027 | €231,344 | -€683 | -0.3% |
| Tax-exempt reserves | 132 | €89,849 | €82,310 | -€7,540 | -8.4% |
| Distributable reserves | 133 | €142,178 | €149,034 | +€6,857 | +4.8% |
| Provisions and deferred taxes | 16 | €22,462 | €20,577 | -€1,885 | -8.4% |
| Deferred taxes | 168 | €22,462 | €20,577 | -€1,885 | -8.4% |
| Amounts payable | 17/49 | €583,377 | €552,633 | -€30,745 | -5.3% |
| Amounts payable after more than one year | 17 | €517,930 | €491,219 | -€26,711 | -5.2% |
| Financial debts | 170/4 | €517,930 | €491,219 | -€26,711 | -5.2% |
| Amounts payable within one year | 42/48 | €65,447 | €61,413 | -€4,034 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €30,943 | €29,182 | -€1,761 | -5.7% |
| Trade debts | 44 | €3,355 | €10,174 | +€6,820 | +203.3% |
| Suppliers | 440/4 | €3,355 | €10,174 | +€6,820 | +203.3% |
| Taxes, remuneration and social security | 45 | €27,119 | €19,481 | -€7,638 | -28.2% |
| Taxes | 450/3 | €27,119 | €19,481 | -€7,638 | -28.2% |
| Other amounts payable | 47/48 | €4,031 | €2,577 | -€1,454 | -36.1% |
| Non-recurring operating income | 76A | €15,000 | €413 | -€14,587 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,557 | €35,681 | +€7,124 | +24.9% |
| Other operating charges | 640/8 | €3,832 | €3,950 | +€118 | +3.1% |
| Non-recurring operating charges | 66A | - | €596 | +€596 | |
| Gross operating margin | 9900 | €77,120 | €56,007 | -€21,113 | -27.4% |
| Operating profit (loss) | 9901 | €44,732 | €15,781 | -€28,952 | -64.7% |
| Financial income | 75/76B | €25 | €841 | +€817 | +3297.7% |
| Recurring financial income | 75 | €25 | €841 | +€817 | +3297.7% |
| Financial charges | 65/66B | €8,628 | €15,159 | +€6,531 | +75.7% |
| Recurring financial charges | 65 | €8,628 | €15,159 | +€6,531 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €36,129 | €1,463 | -€34,666 | -96.0% |
| Transfer from deferred taxes | 780 | €1,885 | €1,885 | = | 0.0% |
| Income taxes | 67/77 | €13,280 | €4,030 | -€9,249 | -69.7% |
| Profit (loss) for the period | 9904 | €24,734 | -€683 | -€25,417 | |
| Transfer from tax-exempt reserves | 789 | €7,540 | €7,540 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,274 | €6,857 | -€25,417 | -78.8% |
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 11 October 2026 via checked.be.