INVESMART: 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.
INVESMART
Largest movements
- Receivables within one year +€17,095
up €17,095 (+37.1%), from €46,097 to €63,192
of which Other amounts receivable: +€18,334
- Intangible fixed assets -€9,992
down €9,992 (-11.0%), from €90,857 to €80,865
- Profit (loss) carried forward +€56,646
up €56,646 (+67.7%), from -€83,722 to -€27,076
- Debts after one year -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Other debts -€20,895
down €20,895 (-11.7%), from €178,655 to €157,760
- Trade debts -€2,499
down €2,499 (-16.6%), from €15,042 to €12,542
- Financial income +€72,083
new in 2025: €72,083
- Gross operating margin +€51,440
up €51,440 (+91.9%), from -€55,999 to -€4,559
- Depreciation +€849
up €849 (+9.3%), from €9,143 to €9,992
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 | €161,975 | €170,227 | +€8,252 | +5.1% |
| Fixed assets | 21/28 | €115,857 | €105,865 | -€9,992 | -8.6% |
| Intangible fixed assets | 21 | €90,857 | €80,865 | -€9,992 | -11.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €46,118 | €64,362 | +€18,244 | +39.6% |
| Amounts receivable within one year | 40/41 | €46,097 | €63,192 | +€17,095 | +37.1% |
| Trade receivables | 40 | €17,649 | €16,411 | -€1,239 | -7.0% |
| Other amounts receivable | 41 | €28,448 | €46,781 | +€18,334 | +64.4% |
| Cash at bank and in hand | 54/58 | €21 | €1,170 | +€1,149 | +5463.0% |
| Total equity and liabilities | 10/49 | €161,975 | €170,227 | +€8,252 | +5.1% |
| Equity | 10/15 | -€81,722 | -€25,076 | +€56,646 | +69.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,722 | -€27,076 | +€56,646 | +67.7% |
| Amounts payable | 17/49 | €243,697 | €195,303 | -€48,394 | -19.9% |
| Amounts payable after more than one year | 17 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Financial debts | 170/4 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Amounts payable within one year | 42/48 | €193,697 | €170,303 | -€23,394 | -12.1% |
| Trade debts | 44 | €15,042 | €12,542 | -€2,499 | -16.6% |
| Suppliers | 440/4 | €15,042 | €12,542 | -€2,499 | -16.6% |
| Other amounts payable | 47/48 | €178,655 | €157,760 | -€20,895 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,143 | €9,992 | +€849 | +9.3% |
| Other operating charges | 640/8 | €451 | €743 | +€292 | +64.7% |
| Gross operating margin | 9900 | -€55,999 | -€4,559 | +€51,440 | +91.9% |
| Operating profit (loss) | 9901 | -€65,594 | -€15,294 | +€50,299 | +76.7% |
| Financial income | 75/76B | - | €72,083 | +€72,083 | |
| Recurring financial income | 75 | - | €72,083 | +€72,083 | |
| Financial charges | 65/66B | €181 | €143 | -€38 | -21.2% |
| Recurring financial charges | 65 | €181 | €143 | -€38 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€65,775 | €56,646 | +€122,421 | |
| Profit (loss) for the period | 9904 | -€65,775 | €56,646 | +€122,421 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,775 | €56,646 | +€122,421 |
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 9 October 2026 via checked.be.