INVEST 2+: what changed
What changed
INVEST 2+
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€323,098
31-12-2024 · €225,306+€97,793
Equity
€4.0m
31-12-2024 · €3.8m+€248,798
Cash
€270,125
31-12-2024 · €137,909+€132,215
Balance sheet total
€8.5m
31-12-2024 · €5.4m+€3.1m
Largest movements
Assets
- Financial fixed assets +€3.3m
up €3.3m (+570%), from €572,400 to €3.8m
- Receivables within one year -€232,785
down €232,785 (-15.8%), from €1.5m to €1.2m
of which Trade receivables: -€390,206
- Cash +€132,215
up €132,215 (+95.9%), from €137,909 to €270,125
mainly Short-term financial debts (+€2.3m) and Debts after one year (+€546,608)
- Tangible fixed assets -€123,086
down €123,086 (-4.1%), from €3.0m to €2.9m
of which Land and buildings: -€83,560
Equity and liabilities
- Short-term financial debts +€2.3m
new in 2025: €2.3m
- Debts after one year +€546,608
up €546,608 (+157%), from €348,932 to €895,540
- Reserves +€323,098
up €323,098 (+25.8%), from €1.3m to €1.6m
of which Distributable reserves: +€323,098
Income statement
- Gross operating margin +€678,044
up €678,044 (+150%), from €453,080 to €1.1m
- Staff costs +€351,784
up €351,784 (+535%), from €65,802 to €417,585
- Financial charges +€125,553
up €125,553 (+1,015%), from €12,370 to €137,923
- Depreciation +€63,906
up €63,906 (+118%), from €54,091 to €117,997
- Taxes +€30,395
up €30,395 (+33.4%), from €90,898 to €121,294
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
€225,306
Gross operating margin
+€678,044
Staff costs
-€351,784
Depreciation
-€63,906
Other operating charges
-€8,615
Financial income
+€1
Financial charges
-€125,553
Taxes
-€30,395
Result 31-12-2025
€323,098
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€695,274
Investment
-€3.3m
Financing
+€2.7m
Cash 31-12-2024
€137,909
From operations (derived)
+€695,274
Net result for the year
+€323,098
Depreciation
+€117,997
Receivables within one year
+€232,785
Deferred charges and accrued income
+€193
Trade debts
+€76,182
Tax, wage and social debts
-€73,268
Accrued charges and deferred income
+€18,288
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€3.3m
Financing
+€2.7m
Debts after one year
+€546,608
Current portion of long-term debt
+€26,581
Short-term financial debts
+€2.3m
Contributions, distributions and other
-€74,301
Cash 31-12-2025
€270,125
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,369,149 | €8,462,336 | +€3.1m | +57.6% |
| Fixed assets | 21/28 | €3,677,111 | €6,871,061 | +€3.2m | +86.9% |
| Intangible fixed assets | 21 | €109,196 | €164,566 | +€55,370 | +50.7% |
| Tangible fixed assets | 22/27 | €2,995,515 | €2,872,429 | -€123,086 | -4.1% |
| Land and buildings | 22 | €2,246,829 | €2,163,269 | -€83,560 | -3.7% |
| Plant, machinery and equipment | 23 | €81,805 | €86,179 | +€4,373 | +5.3% |
| Furniture and vehicles | 24 | €75,093 | €56,564 | -€18,529 | -24.7% |
| Leasing and similar rights | 25 | €422,427 | €394,893 | -€27,534 | -6.5% |
| Other tangible fixed assets | 26 | €169,360 | €171,524 | +€2,163 | +1.3% |
| Financial fixed assets | 28 | €572,400 | €3,834,066 | +€3.3m | +570% |
| Current assets | 29/58 | €1,692,038 | €1,591,275 | -€100,763 | -6.0% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,469,114 | €1,236,329 | -€232,785 | -15.8% |
| Trade receivables | 40 | €658,776 | €268,570 | -€390,206 | -59.2% |
| Other amounts receivable | 41 | €810,338 | €967,759 | +€157,421 | +19.4% |
| Cash at bank and in hand | 54/58 | €137,909 | €270,125 | +€132,215 | +95.9% |
| Deferred charges and accrued income | 490/1 | €15,014 | €14,821 | -€193 | -1.3% |
| Total equity and liabilities | 10/49 | €5,369,149 | €8,462,336 | +€3.1m | +57.6% |
| Equity | 10/15 | €3,754,401 | €4,003,199 | +€248,798 | +6.6% |
| Contributions | 10/11 | €410,700 | €410,700 | = | 0.0% |
| Revaluation surpluses | 12 | €2,090,858 | €2,016,557 | -€74,301 | -3.6% |
| Reserves | 13 | €1,252,844 | €1,575,942 | +€323,098 | +25.8% |
| Tax-exempt reserves | 132 | €11,050 | €11,050 | = | 0.0% |
| Distributable reserves | 133 | €1,241,794 | €1,564,892 | +€323,098 | +26.0% |
| Amounts payable | 17/49 | €1,614,747 | €4,459,137 | +€2.8m | +176% |
| Amounts payable after more than one year | 17 | €348,932 | €895,540 | +€546,608 | +157% |
| Financial debts | 170/4 | €348,932 | €895,540 | +€546,608 | +157% |
| Amounts payable within one year | 42/48 | €1,263,752 | €3,543,246 | +€2.3m | +180% |
| Current portion of amounts payable after more than one year | 42 | €52,914 | €79,495 | +€26,581 | +50.2% |
| Financial debts | 43 | - | €2,250,000 | +€2.3m | |
| Credit institutions | 430/8 | - | €2,250,000 | +€2.3m | |
| Trade debts | 44 | €143,075 | €219,257 | +€76,182 | +53.2% |
| Suppliers | 440/4 | €143,075 | €219,257 | +€76,182 | +53.2% |
| Taxes, remuneration and social security | 45 | €267,763 | €194,495 | -€73,268 | -27.4% |
| Taxes | 450/3 | €241,107 | €125,246 | -€115,861 | -48.1% |
| Remuneration and social security | 454/9 | €26,656 | €69,249 | +€42,593 | +160% |
| Other amounts payable | 47/48 | €800,000 | €800,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,064 | €20,351 | +€18,288 | +886% |
| Non-recurring operating income | 76A | €1,412 | - | -€1,412 | |
| Remuneration, social security and pensions | 62 | €65,802 | €417,585 | +€351,784 | +535% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,091 | €117,997 | +€63,906 | +118% |
| Other operating charges | 640/8 | €4,613 | €13,228 | +€8,615 | +187% |
| Gross operating margin | 9900 | €453,080 | €1,131,125 | +€678,044 | +150% |
| Operating profit (loss) | 9901 | €328,575 | €582,314 | +€253,740 | +77.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +600% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +600% |
| Financial charges | 65/66B | €12,370 | €137,923 | +€125,553 | +1,015% |
| Recurring financial charges | 65 | €12,370 | €137,923 | +€125,553 | +1,015% |
| Profit (loss) for the period before taxes | 9903 | €316,204 | €444,392 | +€128,188 | +40.5% |
| Income taxes | 67/77 | €90,898 | €121,294 | +€30,395 | +33.4% |
| Profit (loss) for the period | 9904 | €225,306 | €323,098 | +€97,793 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €225,306 | €323,098 | +€97,793 | +43.4% |
Next steps
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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 1 November 2026 via checked.be.