INVENTURE: 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.
INVENTURE
Largest movements
- Tangible fixed assets +€160,993
up €160,993 (+27.6%), from €584,016 to €745,010
of which Land and buildings: +€113,914
- Current investments -€121,702
down €121,702 (-16.9%), from €718,462 to €596,759
- Cash +€18,720
up €18,720 (+166%), from €11,309 to €30,029
mainly Current investments (+€121,702) and Debts after one year (+€51,652)
- Receivables within one year +€17,756
up €17,756 (+400%), from €4,438 to €22,194
of which Other amounts receivable: +€18,425
- Debts after one year +€51,652
up €51,652 (+7.4%), from €699,116 to €750,768
- Current portion of long-term debt +€26,016
up €26,016 (+41.0%), from €63,429 to €89,446
- Trade debts +€23,745
up €23,745 (+555%), from €4,279 to €28,025
- Other debts -€15,736
down €15,736 (-50.8%), from €30,986 to €15,250
- Depreciation +€14,231
up €14,231 (+145%), from €9,812 to €24,043
- Financial income -€14,041
down €14,041 (-23.0%), from €61,009 to €46,968
of which Financial income: -€14,041
- Financial charges +€6,049
up €6,049 (+46.8%), from €12,916 to €18,965
- Taxes -€4,426
down €4,426 (-46.9%), from €9,444 to €5,018
- Gross operating margin -€4,298
down €4,298 (-58.3%), from €7,373 to €3,075
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 | €1,375,058 | €1,442,948 | +€67,890 | +4.9% |
| Fixed assets | 21/28 | €640,850 | €793,966 | +€153,116 | +23.9% |
| Tangible fixed assets | 22/27 | €584,016 | €745,010 | +€160,993 | +27.6% |
| Land and buildings | 22 | €576,509 | €690,423 | +€113,914 | +19.8% |
| Plant, machinery and equipment | 23 | €4,765 | €37,901 | +€33,135 | +695% |
| Furniture and vehicles | 24 | €2,742 | €16,686 | +€13,944 | +508% |
| Financial fixed assets | 28 | €56,834 | €48,956 | -€7,878 | -13.9% |
| Current assets | 29/58 | €734,208 | €648,983 | -€85,226 | -11.6% |
| Amounts receivable within one year | 40/41 | €4,438 | €22,194 | +€17,756 | +400% |
| Trade receivables | 40 | €4,438 | €3,769 | -€668 | -15.1% |
| Other amounts receivable | 41 | - | €18,425 | +€18,425 | |
| Current investments | 50/53 | €718,462 | €596,759 | -€121,702 | -16.9% |
| Cash at bank and in hand | 54/58 | €11,309 | €30,029 | +€18,720 | +166% |
| Total equity and liabilities | 10/49 | €1,375,058 | €1,442,948 | +€67,890 | +4.9% |
| Equity | 10/15 | €515,334 | €509,117 | -€6,217 | -1.2% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €275,334 | €269,117 | -€6,217 | -2.3% |
| Tax-exempt reserves | 132 | €111,070 | €106,702 | -€4,368 | -3.9% |
| Distributable reserves | 133 | €164,264 | €162,415 | -€1,849 | -1.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €53,044 | €50,343 | -€2,700 | -5.1% |
| Deferred taxes | 168 | €53,044 | €50,343 | -€2,700 | -5.1% |
| Amounts payable | 17/49 | €806,681 | €883,488 | +€76,807 | +9.5% |
| Amounts payable after more than one year | 17 | €699,116 | €750,768 | +€51,652 | +7.4% |
| Financial debts | 170/4 | €699,116 | €750,768 | +€51,652 | +7.4% |
| Amounts payable within one year | 42/48 | €107,565 | €132,720 | +€25,155 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €63,429 | €89,446 | +€26,016 | +41.0% |
| Trade debts | 44 | €4,279 | €28,025 | +€23,745 | +555% |
| Suppliers | 440/4 | €4,279 | €28,025 | +€23,745 | +555% |
| Taxes, remuneration and social security | 45 | €8,871 | €0 | -€8,871 | -100% |
| Taxes | 450/3 | €8,871 | €0 | -€8,871 | -100% |
| Other amounts payable | 47/48 | €30,986 | €15,250 | -€15,736 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,812 | €24,043 | +€14,231 | +145% |
| Other operating charges | 640/8 | €1,160 | €935 | -€226 | -19.4% |
| Gross operating margin | 9900 | €7,373 | €3,075 | -€4,298 | -58.3% |
| Operating profit (loss) | 9901 | -€3,600 | -€21,902 | -€18,303 | -508% |
| Financial income | 75/76B | €61,009 | €46,968 | -€14,041 | -23.0% |
| Recurring financial income | 75 | €61,009 | €46,968 | -€14,041 | -23.0% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €12,916 | €18,965 | +€6,049 | +46.8% |
| Recurring financial charges | 65 | €12,916 | €18,965 | +€6,049 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €44,494 | €6,101 | -€38,393 | -86.3% |
| Transfer from deferred taxes | 780 | €7,942 | €2,700 | -€5,241 | -66.0% |
| Income taxes | 67/77 | €9,444 | €5,018 | -€4,426 | -46.9% |
| Profit (loss) for the period | 9904 | €42,991 | €3,783 | -€39,208 | -91.2% |
| Transfer from tax-exempt reserves | 789 | €21,613 | €4,368 | -€17,245 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,604 | €8,151 | -€56,453 | -87.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.