INVERTOM: what changed
INVERTOM
Largest movements
- Tangible fixed assets +€86,384
up €86,384 (+50.3%), from €171,664 to €258,048
of which Furniture and vehicles: +€91,089
- Cash -€14,774
down €14,774 (-81.7%), from €18,082 to €3,309
mainly Investment in fixed assets (net) (-€100,043) and Receivables within one year (-€13,122)
- Receivables within one year +€13,122
new in 2025: €13,122
of which Trade receivables: +€10,966
- Other debts +€57,866
up €57,866 (+157%), from €36,792 to €94,658
- Reserves +€35,573
up €35,573 (+43.3%), from €82,206 to €117,780
- Debts after one year -€12,486
down €12,486 (-26.5%), from €47,168 to €34,683
- Tax, wage and social debts +€2,885
up €2,885 (+25.6%), from €11,288 to €14,174
of which Taxes: +€2,885
- Depreciation +€8,262
up €8,262 (+153%), from €5,397 to €13,659
- Gross operating margin +€2,060
up €2,060 (+3.2%), from €64,151 to €66,211
- Financial charges +€849
up €849 (+15.3%), from €5,550 to €6,399
- Taxes -€785
down €785 (-7.4%), from €10,629 to €9,844
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,747 | €274,479 | +€84,733 | +44.7% |
| Fixed assets | 21/28 | €171,664 | €258,048 | +€86,384 | +50.3% |
| Tangible fixed assets | 22/27 | €171,664 | €258,048 | +€86,384 | +50.3% |
| Land and buildings | 22 | €171,246 | €166,541 | -€4,705 | -2.7% |
| Furniture and vehicles | 24 | €419 | €91,508 | +€91,089 | +21,760% |
| Current assets | 29/58 | €18,082 | €16,431 | -€1,652 | -9.1% |
| Amounts receivable within one year | 40/41 | - | €13,122 | +€13,122 | |
| Trade receivables | 40 | - | €10,966 | +€10,966 | |
| Other amounts receivable | 41 | - | €2,156 | +€2,156 | |
| Cash at bank and in hand | 54/58 | €18,082 | €3,309 | -€14,774 | -81.7% |
| Total equity and liabilities | 10/49 | €189,747 | €274,479 | +€84,733 | +44.7% |
| Equity | 10/15 | €82,206 | €117,780 | +€35,573 | +43.3% |
| Reserves | 13 | €82,206 | €117,780 | +€35,573 | +43.3% |
| Distributable reserves | 133 | €82,206 | €117,780 | +€35,573 | +43.3% |
| Amounts payable | 17/49 | €107,540 | €156,699 | +€49,159 | +45.7% |
| Amounts payable after more than one year | 17 | €47,168 | €34,683 | -€12,486 | -26.5% |
| Financial debts | 170/4 | €47,168 | €34,683 | -€12,486 | -26.5% |
| Amounts payable within one year | 42/48 | €60,072 | €121,717 | +€61,645 | +103% |
| Current portion of amounts payable after more than one year | 42 | €11,992 | €12,486 | +€493 | +4.1% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €11,288 | €14,174 | +€2,885 | +25.6% |
| Taxes | 450/3 | €8,688 | €11,574 | +€2,885 | +33.2% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €36,792 | €94,658 | +€57,866 | +157% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,397 | €13,659 | +€8,262 | +153% |
| Other operating charges | 640/8 | €715 | €735 | +€20 | +2.8% |
| Gross operating margin | 9900 | €64,151 | €66,211 | +€2,060 | +3.2% |
| Operating profit (loss) | 9901 | €58,039 | €51,817 | -€6,222 | -10.7% |
| Financial income | 75/76B | €351 | - | -€351 | |
| Recurring financial income | 75 | €351 | - | -€351 | |
| Financial charges | 65/66B | €5,550 | €6,399 | +€849 | +15.3% |
| Recurring financial charges | 65 | €5,550 | €6,399 | +€849 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €52,841 | €45,418 | -€7,423 | -14.0% |
| Income taxes | 67/77 | €10,629 | €9,844 | -€785 | -7.4% |
| Profit (loss) for the period | 9904 | €42,211 | €35,573 | -€6,638 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,211 | €35,573 | -€6,638 | -15.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.