INVERS: 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.
INVERS
Largest movements
- Cash +€68,029
up €68,029 (+348.8%), from €19,503 to €87,531
mainly Net result for the year (+€88,002) and Tax, wage and social debts (+€28,152)
- Receivables within one year +€60,052
new in 2025: €60,052
- Deferred charges and accrued income -€14,070
down €14,070 (-93.0%), from €15,122 to €1,052
- Reserves +€88,002
up €88,002 (+636.8%), from €13,819 to €101,821
- Tax, wage and social debts +€28,152
up €28,152 (+442.7%), from €6,360 to €34,512
- Other debts -€2,136
down €2,136 (-18.0%), from €11,882 to €9,746
- Gross operating margin +€92,305
up €92,305 (+451.2%), from €20,460 to €112,765
- Taxes +€20,504
up €20,504 (+539.4%), from €3,801 to €24,306
- Depreciation -€2,460
down €2,460 (-88.9%), from €2,768 to €308
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 | €35,396 | €149,099 | +€113,702 | +321.2% |
| Fixed assets | 21/28 | €772 | €464 | -€308 | -39.9% |
| Tangible fixed assets | 22/27 | €772 | €464 | -€308 | -39.9% |
| Furniture and vehicles | 24 | €772 | €464 | -€308 | -39.9% |
| Current assets | 29/58 | €34,625 | €148,635 | +€114,010 | +329.3% |
| Amounts receivable within one year | 40/41 | - | €60,052 | +€60,052 | |
| Trade receivables | 40 | - | €60,052 | +€60,052 | |
| Cash at bank and in hand | 54/58 | €19,503 | €87,531 | +€68,029 | +348.8% |
| Deferred charges and accrued income | 490/1 | €15,122 | €1,052 | -€14,070 | -93.0% |
| Total equity and liabilities | 10/49 | €35,396 | €149,099 | +€113,702 | +321.2% |
| Equity | 10/15 | €16,819 | €104,821 | +€88,002 | +523.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,819 | €101,821 | +€88,002 | +636.8% |
| Distributable reserves | 133 | €13,819 | €101,821 | +€88,002 | +636.8% |
| Amounts payable | 17/49 | €18,577 | €44,278 | +€25,701 | +138.3% |
| Amounts payable within one year | 42/48 | €18,577 | €44,278 | +€25,701 | +138.3% |
| Trade debts | 44 | €335 | €20 | -€315 | -94.0% |
| Suppliers | 440/4 | €335 | €20 | -€315 | -94.0% |
| Taxes, remuneration and social security | 45 | €6,360 | €34,512 | +€28,152 | +442.7% |
| Taxes | 450/3 | €6,360 | €34,512 | +€28,152 | +442.7% |
| Other amounts payable | 47/48 | €11,882 | €9,746 | -€2,136 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,768 | €308 | -€2,460 | -88.9% |
| Gross operating margin | 9900 | €20,460 | €112,765 | +€92,305 | +451.2% |
| Operating profit (loss) | 9901 | €17,691 | €112,457 | +€94,765 | +535.7% |
| Financial charges | 65/66B | €71 | €149 | +€78 | +110.5% |
| Recurring financial charges | 65 | €71 | €149 | +€78 | +110.5% |
| Profit (loss) for the period before taxes | 9903 | €17,620 | €112,307 | +€94,687 | +537.4% |
| Income taxes | 67/77 | €3,801 | €24,306 | +€20,504 | +539.4% |
| Profit (loss) for the period | 9904 | €13,819 | €88,002 | +€74,182 | +536.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,819 | €88,002 | +€74,182 | +536.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.