INVENTIVE TELECOM PARTNERS: 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
INVENTIVE TELECOM PARTNERS
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,899
2024 · -€8,650+€750
Equity
€12,562
2024 · €20,461-€7,899
Cash
€2,964
2024 · €35,520-€32,557
Balance sheet total
€781,283
2024 · €806,885-€25,602
Largest movements
Assets
- Cash -€32,557
down €32,557 (-91.7%), from €35,520 to €2,964
mainly Receivables within one year (-€15,618) and Trade debts (-€10,412)
- Receivables within one year +€15,618
up €15,618 (+26.8%), from €58,246 to €73,863
of which Trade receivables: +€20,976
Equity and liabilities
- Trade debts -€10,412
down €10,412 (-3.5%), from €296,985 to €286,573
- Debts after one year -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
Income statement
- Gross operating margin +€49,369
up €49,369 (+12.7%), from €389,156 to €438,526
- Other operating charges +€35,225
up €35,225 (+355%), from €9,916 to €45,141
- Staff costs -€26,372
down €26,372 (-7.5%), from €352,776 to €326,404
- Write-downs +€26,044
up €26,044, from -€3,431 to €22,613
- Taxes +€7,599
up €7,599 (+632%), from €1,203 to €8,802
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
-€8,650
Gross operating margin
+€49,369
Staff costs
+€26,372
Depreciation
+€1,352
Write-downs
-€26,044
Other operating charges
-€35,225
Financial income
-€1,047
Financial charges
-€6,427
Taxes
-€7,599
Result 2025
-€7,899
raises the resultlowers the result
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.
From operations
-€19,736
Investment
-€5,603
Financing
-€7,217
Cash 2024
€35,520
From operations (derived)
-€19,736
Net result for the year
-€7,899
Depreciation
+€11,749
Stocks and contracts
-€2,195
Receivables within one year
-€15,618
Deferred charges and accrued income
+€4,713
Trade debts
-€10,412
Tax, wage and social debts
-€3,458
Other debts
+€2,885
Accrued charges and deferred income
+€499
Investment (derived)
-€5,603
Investment in fixed assets (net)
-€5,603
Financing
-€7,217
Debts after one year
-€10,000
Short-term financial debts
+€2,783
Cash 2025
€2,964
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €806,885 | €781,283 | -€25,602 | -3.2% |
| Fixed assets | 21/28 | €66,534 | €60,388 | -€6,146 | -9.2% |
| Tangible fixed assets | 22/27 | €30,034 | €25,388 | -€4,646 | -15.5% |
| Plant, machinery and equipment | 23 | €16,460 | €10,764 | -€5,696 | -34.6% |
| Furniture and vehicles | 24 | €12,705 | €13,960 | +€1,255 | +9.9% |
| Other tangible fixed assets | 26 | €869 | €664 | -€205 | -23.6% |
| Financial fixed assets | 28 | €36,500 | €35,000 | -€1,500 | -4.1% |
| Current assets | 29/58 | €740,352 | €720,895 | -€19,456 | -2.6% |
| Stocks and contracts in progress | 3 | €633,692 | €635,887 | +€2,195 | +0.3% |
| Stocks | 30/36 | €633,692 | €635,887 | +€2,195 | +0.3% |
| Amounts receivable within one year | 40/41 | €58,246 | €73,863 | +€15,618 | +26.8% |
| Trade receivables | 40 | €41,233 | €62,208 | +€20,976 | +50.9% |
| Other amounts receivable | 41 | €17,013 | €11,655 | -€5,358 | -31.5% |
| Cash at bank and in hand | 54/58 | €35,520 | €2,964 | -€32,557 | -91.7% |
| Deferred charges and accrued income | 490/1 | €12,894 | €8,182 | -€4,713 | -36.5% |
| Total equity and liabilities | 10/49 | €806,885 | €781,283 | -€25,602 | -3.2% |
| Equity | 10/15 | €20,461 | €12,562 | -€7,899 | -38.6% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Capital | 10 | €370,000 | €370,000 | = | 0.0% |
| Issued capital | 100 | €370,000 | €370,000 | = | 0.0% |
| Reserves | 13 | €25,429 | €25,429 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,279 | €19,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€374,968 | -€382,867 | -€7,899 | -2.1% |
| Amounts payable | 17/49 | €786,424 | €768,721 | -€17,703 | -2.3% |
| Amounts payable after more than one year | 17 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Financial debts | 170/4 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Amounts payable within one year | 42/48 | €740,124 | €731,922 | -€8,202 | -1.1% |
| Financial debts | 43 | €150,000 | €152,783 | +€2,783 | +1.9% |
| Credit institutions | 430/8 | €150,000 | €152,783 | +€2,783 | +1.9% |
| Trade debts | 44 | €296,985 | €286,573 | -€10,412 | -3.5% |
| Suppliers | 440/4 | €296,985 | €286,573 | -€10,412 | -3.5% |
| Taxes, remuneration and social security | 45 | €149,946 | €146,489 | -€3,458 | -2.3% |
| Taxes | 450/3 | €44,565 | €37,040 | -€7,525 | -16.9% |
| Remuneration and social security | 454/9 | €105,381 | €109,448 | +€4,067 | +3.9% |
| Other amounts payable | 47/48 | €143,193 | €146,078 | +€2,885 | +2.0% |
| Accrued charges and deferred income | 492/3 | €26,300 | €26,799 | +€499 | +1.9% |
| Non-recurring operating income | 76A | €285,000 | €109,121 | -€175,879 | -61.7% |
| Remuneration, social security and pensions | 62 | €352,776 | €326,404 | -€26,372 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,101 | €11,749 | -€1,352 | -10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,431 | €22,613 | +€26,044 | |
| Other operating charges | 640/8 | €9,916 | €45,141 | +€35,225 | +355% |
| Gross operating margin | 9900 | €389,156 | €438,526 | +€49,369 | +12.7% |
| Operating profit (loss) | 9901 | €16,794 | €32,618 | +€15,824 | +94.2% |
| Financial income | 75/76B | €1,749 | €702 | -€1,047 | -59.9% |
| Recurring financial income | 75 | €1,749 | €702 | -€1,047 | -59.9% |
| Financial charges | 65/66B | €25,990 | €32,417 | +€6,427 | +24.7% |
| Recurring financial charges | 65 | €25,990 | €32,417 | +€6,427 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,446 | €903 | +€8,350 | |
| Income taxes | 67/77 | €1,203 | €8,802 | +€7,599 | +632% |
| Profit (loss) for the period | 9904 | -€8,650 | -€7,899 | +€750 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,650 | -€7,899 | +€750 | +8.7% |
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.