INVENTURES II: 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.
INVENTURES II
Largest movements
- Financial fixed assets -€1.3m
down €1.3m (-11.3%), from €11.7m to €10.4m
- Cash -€722,912
down €722,912 (-59.0%), from €1.2m to €503,373
mainly Net result for the year (-€2.0m) and Smaller working-capital items (-€951)
- Profit (loss) carried forward -€2.0m
down €2.0m (-9.7%), from -€21.1m to -€23.2m
- Financial charges -€4.9m
down €4.9m (-78.6%), from €6.3m to €1.3m
of which Non-recurring financial charges: -€4.9m
- Financial income -€78,298
down €78,298 (-72.8%), from €107,578 to €29,280
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 | €12,945,753 | €10,899,518 | -€2.0m | -15.8% |
| Fixed assets | 21/28 | €11,699,282 | €10,374,888 | -€1.3m | -11.3% |
| Financial fixed assets | 28 | €11,699,282 | €10,374,888 | -€1.3m | -11.3% |
| Current assets | 29/58 | €1,246,471 | €524,630 | -€721,841 | -57.9% |
| Amounts receivable within one year | 40/41 | €19,143 | €21,256 | +€2,113 | +11.0% |
| Other amounts receivable | 41 | €19,143 | €21,256 | +€2,113 | +11.0% |
| Cash at bank and in hand | 54/58 | €1,226,285 | €503,373 | -€722,912 | -59.0% |
| Deferred charges and accrued income | 490/1 | €1,043 | - | -€1,043 | |
| Total equity and liabilities | 10/49 | €12,945,753 | €10,899,518 | -€2.0m | -15.8% |
| Equity | 10/15 | €12,942,212 | €10,895,857 | -€2.0m | -15.8% |
| Contributions | 10/11 | €34,079,913 | €34,079,913 | = | 0.0% |
| Capital | 10 | €33,988,038 | €33,988,038 | = | 0.0% |
| Issued capital | 100 | €34,063,188 | €34,063,188 | = | 0.0% |
| Uncalled capital | 101 | €75,150 | €75,150 | = | 0.0% |
| Contributions outside capital | 11 | €91,875 | €91,875 | = | 0.0% |
| Share premium | 1100/10 | €91,875 | €91,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,137,701 | -€23,184,055 | -€2.0m | -9.7% |
| Amounts payable | 17/49 | €3,541 | €3,660 | +€119 | +3.4% |
| Amounts payable within one year | 42/48 | €3,541 | €3,660 | +€119 | +3.4% |
| Trade debts | 44 | €3,541 | €3,660 | +€119 | +3.4% |
| Suppliers | 440/4 | €3,541 | €3,660 | +€119 | +3.4% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | - | €33,139 | +€33,139 | |
| Gross operating margin | 9900 | -€697,718 | -€698,060 | -€342 | 0.0% |
| Operating profit (loss) | 9901 | -€698,686 | -€732,197 | -€33,511 | -4.8% |
| Financial income | 75/76B | €107,578 | €29,280 | -€78,298 | -72.8% |
| Recurring financial income | 75 | €107,578 | €29,280 | -€78,298 | -72.8% |
| Financial charges | 65/66B | €6,276,898 | €1,343,437 | -€4.9m | -78.6% |
| Recurring financial charges | 65 | €672 | €712 | +€41 | +6.0% |
| Non-recurring financial charges | 66B | €6,276,226 | €1,342,725 | -€4.9m | -78.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,868,006 | -€2,046,355 | +€4.8m | +70.2% |
| Profit (loss) for the period | 9904 | -€6,868,006 | -€2,046,355 | +€4.8m | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,868,006 | -€2,046,355 | +€4.8m | +70.2% |
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 21 October 2026 via checked.be.