INVENTURES: what changed
Two fiscal 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.
INVENTURES
Largest movements
- Cash +€2.3m
up €2.3m (+1616.6%), from €143,560 to €2.5m
mainly Net result for the year (+€1.3m) and Investment in fixed assets (net) (+€1.0m)
- Financial fixed assets -€1.0m
down €1.0m (-22.0%), from €4.6m to €3.6m
- Profit (loss) carried forward +€1.3m
up €1.3m (+16.4%), from -€7.8m to -€6.5m
- Financial charges -€1.7m
down €1.7m (-97.2%), from €1.8m to €50,366
of which Non-recurring financial charges: -€1.7m
- Financial income +€1.4m
up €1.4m (+3142.7%), from €43,394 to €1.4m
of which Non-recurring financial income: +€1.4m
- Gross operating margin -€31,621
down €31,621 (-132.8%), from -€23,810 to -€55,430
- Taxes +€23,374
up €23,374 (+8843.9%), from €264 to €23,639
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 | €4,757,480 | €6,073,802 | +€1.3m | +27.7% |
| Fixed assets | 21/28 | €4,588,905 | €3,579,878 | -€1.0m | -22.0% |
| Financial fixed assets | 28 | €4,588,905 | €3,579,878 | -€1.0m | -22.0% |
| Current assets | 29/58 | €168,575 | €2,493,924 | +€2.3m | +1379.4% |
| Amounts receivable within one year | 40/41 | €25,000 | €25,264 | +€264 | +1.1% |
| Other amounts receivable | 41 | €25,000 | €25,264 | +€264 | +1.1% |
| Current investments | 50/53 | €15 | €2 | -€13 | -86.4% |
| Cash at bank and in hand | 54/58 | €143,560 | €2,464,373 | +€2.3m | +1616.6% |
| Deferred charges and accrued income | 490/1 | - | €4,285 | +€4,285 | |
| Total equity and liabilities | 10/49 | €4,757,480 | €6,073,802 | +€1.3m | +27.7% |
| Equity | 10/15 | €4,755,060 | €6,031,757 | +€1.3m | +26.8% |
| Contributions | 10/11 | €12,556,363 | €12,556,363 | = | 0.0% |
| Capital | 10 | €12,556,363 | €12,556,363 | = | 0.0% |
| Issued capital | 100 | €12,556,363 | €12,556,363 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,801,303 | -€6,524,606 | +€1.3m | +16.4% |
| Amounts payable | 17/49 | €2,420 | €42,045 | +€39,625 | +1637.4% |
| Amounts payable within one year | 42/48 | €2,420 | €42,045 | +€39,625 | +1637.4% |
| Trade debts | 44 | €2,420 | €20,205 | +€17,785 | +734.9% |
| Suppliers | 440/4 | €2,420 | €20,205 | +€17,785 | +734.9% |
| Taxes, remuneration and social security | 45 | - | €21,840 | +€21,840 | |
| Taxes | 450/3 | - | €21,840 | +€21,840 | |
| Other operating charges | 640/8 | €968 | €988 | +€21 | +2.2% |
| Gross operating margin | 9900 | -€23,810 | -€55,430 | -€31,621 | -132.8% |
| Operating profit (loss) | 9901 | -€24,777 | -€56,419 | -€31,642 | -127.7% |
| Financial income | 75/76B | €43,394 | €1,407,120 | +€1.4m | +3142.7% |
| Recurring financial income | 75 | €2,983 | €8,126 | +€5,143 | +172.4% |
| Non-recurring financial income | 76B | €40,411 | €1,398,994 | +€1.4m | +3361.9% |
| Financial charges | 65/66B | €1,789,144 | €50,366 | -€1.7m | -97.2% |
| Recurring financial charges | 65 | €101 | €266 | +€165 | +162.5% |
| Non-recurring financial charges | 66B | €1,789,042 | €50,100 | -€1.7m | -97.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,770,527 | €1,300,335 | +€3.1m | |
| Income taxes | 67/77 | €264 | €23,639 | +€23,374 | +8843.9% |
| Profit (loss) for the period | 9904 | -€1,770,791 | €1,276,697 | +€3.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,770,791 | €1,276,697 | +€3.0m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.