INVESFIT: 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.
INVESFIT
Largest movements
- Current investments +€520,000
new in 2025: €520,000
- Cash +€165,928
up €165,928 (+205%), from €81,114 to €247,042
mainly Debts after one year (+€363,146) and Net result for the year (+€357,927)
- Debts after one year +€363,146
up €363,146 (+199%), from €182,764 to €545,910
- Reserves +€334,000
up €334,000 (+32.7%), from €1.0m to €1.4m
of which Non-distributable reserves: +€520,000
- Current portion of long-term debt +€75,071
up €75,071 (+84.7%), from €88,665 to €163,736
- Other debts -€70,140
down €70,140 (-66.2%), from €105,959 to €35,819
- Financial income +€310,229
up €310,229 (+33,359%), from €930 to €311,159
- Gross operating margin -€130,461
down €130,461 (-53.8%), from €242,437 to €111,975
- Taxes +€30,729
up €30,729 (+120%), from €25,651 to €56,380
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 | €1,490,111 | €2,197,014 | +€706,903 | +47.4% |
| Fixed assets | 21/28 | €1,403,724 | €1,403,724 | = | 0.0% |
| Financial fixed assets | 28 | €1,403,724 | €1,403,724 | = | 0.0% |
| Current assets | 29/58 | €86,387 | €793,290 | +€706,903 | +818% |
| Amounts receivable within one year | 40/41 | €5,089 | €25,790 | +€20,701 | +407% |
| Trade receivables | 40 | - | €22,961 | +€22,961 | |
| Other amounts receivable | 41 | €5,089 | €2,829 | -€2,260 | -44.4% |
| Current investments | 50/53 | - | €520,000 | +€520,000 | |
| Cash at bank and in hand | 54/58 | €81,114 | €247,042 | +€165,928 | +205% |
| Deferred charges and accrued income | 490/1 | €184 | €458 | +€275 | +149% |
| Total equity and liabilities | 10/49 | €1,490,111 | €2,197,014 | +€706,903 | +47.4% |
| Equity | 10/15 | €1,092,753 | €1,415,681 | +€322,927 | +29.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,020,150 | €1,354,150 | +€334,000 | +32.7% |
| Non-distributable reserves | 130/1 | €6,150 | €526,150 | +€520,000 | +8,455% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Own shares acquired | 1312 | - | €520,000 | +€520,000 | |
| Distributable reserves | 133 | €1,014,000 | €828,000 | -€186,000 | -18.3% |
| Profit (loss) carried forward | 14 | €11,103 | €31 | -€11,073 | -99.7% |
| Amounts payable | 17/49 | €397,358 | €781,334 | +€383,976 | +96.6% |
| Amounts payable after more than one year | 17 | €182,764 | €545,910 | +€363,146 | +199% |
| Financial debts | 170/4 | €182,764 | €545,910 | +€363,146 | +199% |
| Amounts payable within one year | 42/48 | €214,077 | €232,459 | +€18,382 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €88,665 | €163,736 | +€75,071 | +84.7% |
| Trade debts | 44 | €254 | €194 | -€60 | -23.8% |
| Suppliers | 440/4 | €254 | €194 | -€60 | -23.8% |
| Taxes, remuneration and social security | 45 | €19,199 | €32,710 | +€13,511 | +70.4% |
| Taxes | 450/3 | €19,199 | €32,710 | +€13,511 | +70.4% |
| Other amounts payable | 47/48 | €105,959 | €35,819 | -€70,140 | -66.2% |
| Accrued charges and deferred income | 492/3 | €517 | €2,965 | +€2,448 | +474% |
| Non-recurring operating income | 76A | €133,779 | - | -€133,779 | |
| Other operating charges | 640/8 | €968 | €1,048 | +€81 | +8.4% |
| Gross operating margin | 9900 | €242,437 | €111,975 | -€130,461 | -53.8% |
| Operating profit (loss) | 9901 | €241,469 | €110,927 | -€130,542 | -54.1% |
| Financial income | 75/76B | €930 | €311,159 | +€310,229 | +33,359% |
| Recurring financial income | 75 | €930 | €311,159 | +€310,229 | +33,359% |
| Financial charges | 65/66B | €6,018 | €7,779 | +€1,761 | +29.3% |
| Recurring financial charges | 65 | €6,018 | €7,779 | +€1,761 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €236,381 | €414,307 | +€177,926 | +75.3% |
| Income taxes | 67/77 | €25,651 | €56,380 | +€30,729 | +120% |
| Profit (loss) for the period | 9904 | €210,731 | €357,927 | +€147,197 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €210,731 | €357,927 | +€147,197 | +69.9% |
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 25 October 2026 via checked.be.