Invest+: 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.
Invest+
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+203,859%), from €618 to €1.3m
of which Land and buildings: +€1.3m
- Cash +€90,007
up €90,007 (+4,965%), from €1,813 to €91,820
mainly Debts after one year (+€1.3m) and Current portion of long-term debt (+€54,352)
- Receivables within one year -€14,288
down €14,288 (-65.6%), from €21,788 to €7,500
of which Other amounts receivable: -€7,894
- Debts after one year +€1.3m
new in 2025: €1.3m
- Profit (loss) carried forward -€98,232
down €98,232, from €22,121 to -€76,111
- Current portion of long-term debt +€54,352
new in 2025: €54,352
- Trade debts +€27,472
up €27,472 (+4,110%), from €668 to €28,141
- Gross operating margin -€36,224
down €36,224 (-240%), from -€15,122 to -€51,346
- Depreciation +€23,906
up €23,906 (+2,208%), from €1,083 to €24,988
- Financial charges +€13,575
up €13,575 (+11,204%), from €121 to €13,696
- Other operating charges +€8,203
up €8,203, from €0 to €8,203
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 | €24,219 | €1,359,844 | +€1.3m | +5,515% |
| Fixed assets | 21/28 | €618 | €1,259,672 | +€1.3m | +203,859% |
| Tangible fixed assets | 22/27 | €618 | €1,259,672 | +€1.3m | +203,859% |
| Land and buildings | 22 | - | €1,259,589 | +€1.3m | |
| Plant, machinery and equipment | 23 | €136 | €0 | -€136 | -100% |
| Furniture and vehicles | 24 | €481 | €83 | -€398 | -82.8% |
| Current assets | 29/58 | €23,601 | €100,172 | +€76,571 | +324% |
| Amounts receivable within one year | 40/41 | €21,788 | €7,500 | -€14,288 | -65.6% |
| Trade receivables | 40 | €13,894 | €7,500 | -€6,394 | -46.0% |
| Other amounts receivable | 41 | €7,894 | €0 | -€7,894 | -100% |
| Cash at bank and in hand | 54/58 | €1,813 | €91,820 | +€90,007 | +4,965% |
| Deferred charges and accrued income | 490/1 | - | €852 | +€852 | |
| Total equity and liabilities | 10/49 | €24,219 | €1,359,844 | +€1.3m | +5,515% |
| Equity | 10/15 | €23,121 | -€75,111 | -€98,232 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,121 | -€76,111 | -€98,232 | |
| Amounts payable | 17/49 | €1,098 | €1,434,955 | +€1.4m | +130,602% |
| Amounts payable after more than one year | 17 | - | €1,344,107 | +€1.3m | |
| Financial debts | 170/4 | - | €1,344,107 | +€1.3m | |
| Amounts payable within one year | 42/48 | €1,098 | €90,848 | +€89,750 | +8,175% |
| Current portion of amounts payable after more than one year | 42 | - | €54,352 | +€54,352 | |
| Trade debts | 44 | €668 | €28,141 | +€27,472 | +4,110% |
| Suppliers | 440/4 | €668 | €28,141 | +€27,472 | +4,110% |
| Taxes, remuneration and social security | 45 | €381 | €5,342 | +€4,961 | +1,302% |
| Taxes | 450/3 | €381 | €5,342 | +€4,961 | +1,302% |
| Other amounts payable | 47/48 | €48 | €3,013 | +€2,965 | +6,119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,083 | €24,988 | +€23,906 | +2,208% |
| Other operating charges | 640/8 | €0 | €8,203 | +€8,203 | |
| Gross operating margin | 9900 | -€15,122 | -€51,346 | -€36,224 | -240% |
| Operating profit (loss) | 9901 | -€16,204 | -€84,537 | -€68,333 | -422% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €121 | €13,696 | +€13,575 | +11,204% |
| Recurring financial charges | 65 | €121 | €13,696 | +€13,575 | +11,204% |
| Profit (loss) for the period before taxes | 9903 | -€16,325 | -€98,232 | -€81,907 | -502% |
| Income taxes | 67/77 | €106 | €0 | -€106 | -100% |
| Profit (loss) for the period | 9904 | -€16,431 | -€98,232 | -€81,801 | -498% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,431 | -€98,232 | -€81,801 | -498% |
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 30 October 2026 via checked.be.