INVERTO: 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.
What changed
INVERTO
NACE 27.900, Manufacture of electrical equipment
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€45,105
2023 · €86,364-€41,259
Equity
€1.6m
2023 · €1.6m+€45,105
Cash
€4,635
2023 · €6,089-€1,454
Balance sheet total
€4.9m
2023 · €4.7m+€198,904
Largest movements
Assets
- Financial fixed assets +€588,738
up €588,738 (+34.2%), from €1.7m to €2.3m
- Receivables within one year -€504,001
down €504,001 (-28.7%), from €1.8m to €1.3m
of which Other amounts receivable: -€528,762
- Tangible fixed assets +€116,027
up €116,027 (+84.5%), from €137,247 to €253,274
of which Furniture and vehicles: +€116,351
Equity and liabilities
- Other debts +€165,409
up €165,409 (+6.4%), from €2.6m to €2.7m
Income statement
- Gross operating margin -€186,314
down €186,314, from €173,202 to -€13,112
- Financial income +€95,851
up €95,851 (+243%), from €39,389 to €135,240
of which Non-recurring financial income: +€112,741
- Staff costs -€52,086
no longer reported in 2024 (was €52,086)
- Financial charges -€12,235
down €12,235 (-44.6%), from €27,412 to €15,177
- Depreciation +€9,721
up €9,721 (+24.1%), from €40,404 to €50,125
From the 2023 result to the 2024 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.
Result 2023
€86,364
Gross operating margin
-€186,314
Staff costs
+€52,086
Depreciation
-€9,721
Other operating charges
-€3,349
Financial income
+€95,851
Financial charges
+€12,235
Taxes
-€2,047
Result 2024
€45,105
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€745,527
Investment
-€754,890
Financing
+€7,909
Cash 2023
€6,089
From operations (derived)
+€745,527
Net result for the year
+€45,105
Depreciation
+€50,125
Stocks and contracts
+€2,940
Receivables within one year
+€504,001
Deferred charges and accrued income
-€2,536
Trade debts
-€41,503
Tax, wage and social debts
+€3,185
Other debts
+€165,409
Accrued charges and deferred income
+€18,800
Investment (derived)
-€754,890
Investment in fixed assets (net)
-€754,890
Financing
+€7,909
Debts after one year
-€7,443
Current portion of long-term debt
+€24,955
Short-term financial debts
-€9,603
Cash 2024
€4,635
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,681,515 | €4,880,420 | +€198,904 | +4.2% |
| Fixed assets | 21/28 | €1,859,537 | €2,564,301 | +€704,764 | +37.9% |
| Tangible fixed assets | 22/27 | €137,247 | €253,274 | +€116,027 | +84.5% |
| Plant, machinery and equipment | 23 | €2,890 | €2,567 | -€324 | -11.2% |
| Furniture and vehicles | 24 | €134,356 | €250,707 | +€116,351 | +86.6% |
| Financial fixed assets | 28 | €1,722,290 | €2,311,028 | +€588,738 | +34.2% |
| Current assets | 29/58 | €2,821,979 | €2,316,119 | -€505,860 | -17.9% |
| Amounts receivable after more than one year | 29 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,000 | €2,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,050,719 | €1,047,779 | -€2,940 | -0.3% |
| Stocks | 30/36 | €1,050,719 | €1,047,779 | -€2,940 | -0.3% |
| Amounts receivable within one year | 40/41 | €1,757,343 | €1,253,342 | -€504,001 | -28.7% |
| Trade receivables | 40 | €119,437 | €144,198 | +€24,761 | +20.7% |
| Other amounts receivable | 41 | €1,637,906 | €1,109,144 | -€528,762 | -32.3% |
| Cash at bank and in hand | 54/58 | €6,089 | €4,635 | -€1,454 | -23.9% |
| Deferred charges and accrued income | 490/1 | €5,827 | €8,362 | +€2,536 | +43.5% |
| Total equity and liabilities | 10/49 | €4,681,515 | €4,880,420 | +€198,904 | +4.2% |
| Equity | 10/15 | €1,588,585 | €1,633,690 | +€45,105 | +2.8% |
| Contributions | 10/11 | €1,997,567 | €1,997,567 | = | 0.0% |
| Capital | 10 | €1,997,567 | €1,997,567 | = | 0.0% |
| Issued capital | 100 | €1,997,567 | €1,997,567 | = | 0.0% |
| Reserves | 13 | €130,781 | €130,781 | = | 0.0% |
| Non-distributable reserves | 130/1 | €127,807 | €127,807 | = | 0.0% |
| Legal reserve | 130 | €127,807 | €127,807 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,975 | €2,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€539,763 | -€494,659 | +€45,105 | +8.4% |
| Amounts payable | 17/49 | €3,092,930 | €3,246,730 | +€153,800 | +5.0% |
| Amounts payable after more than one year | 17 | €267,500 | €260,058 | -€7,443 | -2.8% |
| Financial debts | 170/4 | €267,500 | €260,058 | -€7,443 | -2.8% |
| Amounts payable within one year | 42/48 | €2,808,120 | €2,950,563 | +€142,443 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €16,379 | €41,334 | +€24,955 | +152% |
| Financial debts | 43 | €112,285 | €102,682 | -€9,603 | -8.6% |
| Credit institutions | 430/8 | €112,285 | €102,682 | -€9,603 | -8.6% |
| Trade debts | 44 | €113,941 | €72,438 | -€41,503 | -36.4% |
| Suppliers | 440/4 | €113,941 | €72,438 | -€41,503 | -36.4% |
| Taxes, remuneration and social security | 45 | €165 | €3,350 | +€3,185 | +1,925% |
| Taxes | 450/3 | €165 | €3,350 | +€3,185 | +1,925% |
| Other amounts payable | 47/48 | €2,565,349 | €2,730,758 | +€165,409 | +6.4% |
| Accrued charges and deferred income | 492/3 | €17,310 | €36,110 | +€18,800 | +109% |
| Remuneration, social security and pensions | 62 | €52,086 | - | -€52,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,404 | €50,125 | +€9,721 | +24.1% |
| Other operating charges | 640/8 | €6,325 | €9,674 | +€3,349 | +53.0% |
| Gross operating margin | 9900 | €173,202 | -€13,112 | -€186,314 | |
| Operating profit (loss) | 9901 | €74,387 | -€72,912 | -€147,298 | |
| Financial income | 75/76B | €39,389 | €135,240 | +€95,851 | +243% |
| Recurring financial income | 75 | €39,389 | €22,499 | -€16,890 | -42.9% |
| Non-recurring financial income | 76B | - | €112,741 | +€112,741 | |
| Financial charges | 65/66B | €27,412 | €15,177 | -€12,235 | -44.6% |
| Recurring financial charges | 65 | €27,412 | €15,177 | -€12,235 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €86,364 | €47,151 | -€39,212 | -45.4% |
| Income taxes | 67/77 | - | €2,047 | +€2,047 | |
| Profit (loss) for the period | 9904 | €86,364 | €45,105 | -€41,259 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €86,364 | €45,105 | -€41,259 | -47.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.