INVES: 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.
INVES
Largest movements
- Tangible fixed assets -€29,989
down €29,989 (-11.9%), from €252,497 to €222,508
of which Land and buildings: -€27,040
- Debts after one year -€30,106
down €30,106 (-11.3%), from €266,846 to €236,740
- Profit (loss) carried forward +€5,976
up €5,976 (+26.8%), from -€22,276 to -€16,300
- Financial charges -€606
down €606 (-12.8%), from €4,716 to €4,110
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 | €285,344 | €258,196 | -€27,148 | -9.5% |
| Fixed assets | 21/28 | €252,497 | €222,508 | -€29,989 | -11.9% |
| Tangible fixed assets | 22/27 | €252,497 | €222,508 | -€29,989 | -11.9% |
| Land and buildings | 22 | €240,932 | €213,893 | -€27,040 | -11.2% |
| Plant, machinery and equipment | 23 | €11,565 | €8,615 | -€2,950 | -25.5% |
| Current assets | 29/58 | €32,847 | €35,688 | +€2,841 | +8.7% |
| Stocks and contracts in progress | 3 | €24,209 | €23,697 | -€512 | -2.1% |
| Stocks | 30/36 | €24,209 | €23,697 | -€512 | -2.1% |
| Amounts receivable within one year | 40/41 | - | €72 | +€72 | |
| Trade receivables | 40 | - | €72 | +€72 | |
| Cash at bank and in hand | 54/58 | €8,638 | €10,764 | +€2,126 | +24.6% |
| Deferred charges and accrued income | 490/1 | - | €1,155 | +€1,155 | |
| Total equity and liabilities | 10/49 | €285,344 | €258,196 | -€27,148 | -9.5% |
| Equity | 10/15 | -€3,676 | €2,300 | +€5,976 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,276 | -€16,300 | +€5,976 | +26.8% |
| Amounts payable | 17/49 | €289,020 | €255,896 | -€33,124 | -11.5% |
| Amounts payable after more than one year | 17 | €266,846 | €236,740 | -€30,106 | -11.3% |
| Financial debts | 170/4 | €266,846 | €236,740 | -€30,106 | -11.3% |
| Amounts payable within one year | 42/48 | €22,174 | €19,157 | -€3,017 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €16,768 | €17,227 | +€459 | +2.7% |
| Trade debts | 44 | €1,419 | €644 | -€775 | -54.6% |
| Suppliers | 440/4 | €1,419 | €644 | -€775 | -54.6% |
| Taxes, remuneration and social security | 45 | €1,779 | €1,286 | -€493 | -27.7% |
| Taxes | 450/3 | €1,779 | €1,286 | -€493 | -27.7% |
| Other amounts payable | 47/48 | €2,208 | - | -€2,208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,438 | €32,137 | -€300 | -0.9% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €42,329 | €42,343 | +€14 | 0.0% |
| Operating profit (loss) | 9901 | €9,773 | €10,085 | +€312 | +3.2% |
| Financial charges | 65/66B | €4,716 | €4,110 | -€606 | -12.8% |
| Recurring financial charges | 65 | €4,716 | €4,110 | -€606 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €5,058 | €5,976 | +€918 | +18.1% |
| Profit (loss) for the period | 9904 | €5,058 | €5,976 | +€918 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,058 | €5,976 | +€918 | +18.1% |
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 10 October 2026 via checked.be.