Invento: 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.
Invento
Largest movements
- Receivables within one year -€121,850
down €121,850 (-24.2%), from €503,294 to €381,444
of which Trade receivables: -€184,588
- Cash -€35,087
down €35,087 (-71.5%), from €49,072 to €13,985
mainly Trade debts (-€179,085) and Contributions, distributions and other (-€75,855)
- Current investments +€12,000
up €12,000 (+17.1%), from €70,305 to €82,305
- Trade debts -€179,085
down €179,085 (-61.2%), from €292,506 to €113,422
- Current portion of long-term debt +€54,127
up €54,127 (+154.6%), from €35,000 to €89,127
- Debts after one year +€40,547
new in 2025: €40,547
- Tax, wage and social debts -€28,144
no longer reported in 2025 (was €28,144)
- Accrued charges and deferred income -€25,086
no longer reported in 2025 (was €25,086)
- Gross operating margin +€25,525
up €25,525 (+31.9%), from €79,921 to €105,446
- Financial charges +€14,866
up €14,866 (+140.4%), from €10,592 to €25,457
- Financial income +€5,999
up €5,999 (+109.7%), from €5,470 to €11,469
- Taxes +€3,489
up €3,489 (+18.6%), from €18,780 to €22,269
- Staff costs +€2,831
up €2,831 (+474.9%), from €596 to €3,427
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €644,923 | €496,975 | -€147,948 | -22.9% |
| Fixed assets | 21/28 | €1,360 | €3,617 | +€2,257 | +166.0% |
| Tangible fixed assets | 22/27 | - | €305 | +€305 | |
| Plant, machinery and equipment | 23 | - | €305 | +€305 | |
| Financial fixed assets | 28 | €1,360 | €3,313 | +€1,953 | +143.6% |
| Current assets | 29/58 | €643,563 | €493,358 | -€150,205 | -23.3% |
| Stocks and contracts in progress | 3 | €20,892 | €15,624 | -€5,268 | -25.2% |
| Stocks | 30/36 | €20,892 | €15,624 | -€5,268 | -25.2% |
| Amounts receivable within one year | 40/41 | €503,294 | €381,444 | -€121,850 | -24.2% |
| Trade receivables | 40 | €338,172 | €153,584 | -€184,588 | -54.6% |
| Other amounts receivable | 41 | €165,122 | €227,860 | +€62,737 | +38.0% |
| Current investments | 50/53 | €70,305 | €82,305 | +€12,000 | +17.1% |
| Cash at bank and in hand | 54/58 | €49,072 | €13,985 | -€35,087 | -71.5% |
| Total equity and liabilities | 10/49 | €644,923 | €496,975 | -€147,948 | -22.9% |
| Equity | 10/15 | €259,797 | €247,660 | -€12,137 | -4.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €40,000 | +€40,000 | |
| Other | 1109/19 | - | €40,000 | +€40,000 | |
| Reserves | 13 | €219,797 | €207,660 | -€12,137 | -5.5% |
| Distributable reserves | 133 | €219,797 | €207,660 | -€12,137 | -5.5% |
| Amounts payable | 17/49 | €385,126 | €249,315 | -€135,811 | -35.3% |
| Amounts payable after more than one year | 17 | - | €40,547 | +€40,547 | |
| Financial debts | 170/4 | - | €40,547 | +€40,547 | |
| Amounts payable within one year | 42/48 | €360,040 | €208,768 | -€151,272 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €89,127 | +€54,127 | +154.6% |
| Financial debts | 43 | €0 | - | -€0 | |
| Credit institutions | 430/8 | €0 | - | -€0 | |
| Trade debts | 44 | €292,506 | €113,422 | -€179,085 | -61.2% |
| Suppliers | 440/4 | €292,506 | €113,422 | -€179,085 | -61.2% |
| Taxes, remuneration and social security | 45 | €28,144 | - | -€28,144 | |
| Taxes | 450/3 | €28,144 | - | -€28,144 | |
| Other amounts payable | 47/48 | €4,390 | €6,220 | +€1,830 | +41.7% |
| Accrued charges and deferred income | 492/3 | €25,086 | - | -€25,086 | |
| Remuneration, social security and pensions | 62 | €596 | €3,427 | +€2,831 | +474.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166 | €108 | -€58 | -35.2% |
| Other operating charges | 640/8 | €490 | €1,936 | +€1,446 | +294.8% |
| Gross operating margin | 9900 | €79,921 | €105,446 | +€25,525 | +31.9% |
| Operating profit (loss) | 9901 | €78,669 | €99,975 | +€21,306 | +27.1% |
| Financial income | 75/76B | €5,470 | €11,469 | +€5,999 | +109.7% |
| Recurring financial income | 75 | €5,470 | €11,469 | +€5,999 | +109.7% |
| Financial charges | 65/66B | €10,592 | €25,457 | +€14,866 | +140.4% |
| Recurring financial charges | 65 | €10,592 | €25,457 | +€14,866 | +140.4% |
| Profit (loss) for the period before taxes | 9903 | €73,547 | €85,987 | +€12,439 | +16.9% |
| Income taxes | 67/77 | €18,780 | €22,269 | +€3,489 | +18.6% |
| Profit (loss) for the period | 9904 | €54,768 | €63,718 | +€8,950 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,768 | €63,718 | +€8,950 | +16.3% |
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 9 October 2026 via checked.be.