INVEST.EU: what changed
Two fiscal 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.EU
Largest movements
- Receivables within one year +€119,794
up €119,794 (+269.0%), from €44,534 to €164,328
of which Other amounts receivable: +€155,080
- Stocks and contracts -€40,000
down €40,000 (-87.0%), from €46,000 to €6,000
- Financial fixed assets +€30,000
up €30,000 (+1500.0%), from €2,000 to €32,000
- Receivables after one year +€30,000
up €30,000 (+162.2%), from €18,500 to €48,500
- Tangible fixed assets +€19,869
up €19,869 (+130.3%), from €15,250 to €35,119
of which Furniture and vehicles: +€20,769
- Reserves +€169,775
up €169,775 (+186.9%), from €90,847 to €260,621
- Debts after one year -€33,095
down €33,095 (-60.7%), from €54,495 to €21,400
of which Financial debts: -€19,500
- Tax, wage and social debts +€29,093
up €29,093 (+81.8%), from €35,577 to €64,671
- Trade debts -€4,587
down €4,587 (-78.9%), from €5,813 to €1,226
- Financial income +€60,108
up €60,108 (+667869.0%), from €9 to €60,117
- Gross operating margin +€45,202
up €45,202 (+33.3%), from €135,868 to €181,071
- Taxes +€17,108
up €17,108 (+48.1%), from €35,577 to €52,685
- Other operating charges +€11,130
up €11,130 (+1062.3%), from €1,048 to €12,177
- Depreciation +€2,813
up €2,813 (+84.2%), from €3,341 to €6,154
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 | €196,732 | €360,790 | +€164,058 | +83.4% |
| Fixed assets | 21/28 | €17,250 | €67,119 | +€49,869 | +289.1% |
| Tangible fixed assets | 22/27 | €15,250 | €35,119 | +€19,869 | +130.3% |
| Plant, machinery and equipment | 23 | €2,475 | €1,575 | -€900 | -36.4% |
| Furniture and vehicles | 24 | €12,775 | €33,544 | +€20,769 | +162.6% |
| Financial fixed assets | 28 | €2,000 | €32,000 | +€30,000 | +1500.0% |
| Current assets | 29/58 | €179,482 | €293,671 | +€114,189 | +63.6% |
| Amounts receivable after more than one year | 29 | €18,500 | €48,500 | +€30,000 | +162.2% |
| Other amounts receivable | 291 | €18,500 | €48,500 | +€30,000 | +162.2% |
| Stocks and contracts in progress | 3 | €46,000 | €6,000 | -€40,000 | -87.0% |
| Stocks | 30/36 | €46,000 | €6,000 | -€40,000 | -87.0% |
| Amounts receivable within one year | 40/41 | €44,534 | €164,328 | +€119,794 | +269.0% |
| Trade receivables | 40 | €41,162 | €5,876 | -€35,286 | -85.7% |
| Other amounts receivable | 41 | €3,372 | €158,452 | +€155,080 | +4598.5% |
| Cash at bank and in hand | 54/58 | €70,447 | €72,359 | +€1,911 | +2.7% |
| Deferred charges and accrued income | 490/1 | - | €2,483 | +€2,483 | |
| Total equity and liabilities | 10/49 | €196,732 | €360,790 | +€164,058 | +83.4% |
| Equity | 10/15 | €100,847 | €270,621 | +€169,775 | +168.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €90,847 | €260,621 | +€169,775 | +186.9% |
| Distributable reserves | 133 | €90,847 | €260,621 | +€169,775 | +186.9% |
| Amounts payable | 17/49 | €95,885 | €90,168 | -€5,717 | -6.0% |
| Amounts payable after more than one year | 17 | €54,495 | €21,400 | -€33,095 | -60.7% |
| Financial debts | 170/4 | €40,900 | €21,400 | -€19,500 | -47.7% |
| Other amounts payable | 178/9 | €13,595 | - | -€13,595 | |
| Amounts payable within one year | 42/48 | €41,390 | €68,768 | +€27,378 | +66.1% |
| Trade debts | 44 | €5,813 | €1,226 | -€4,587 | -78.9% |
| Suppliers | 440/4 | €5,813 | €1,226 | -€4,587 | -78.9% |
| Taxes, remuneration and social security | 45 | €35,577 | €64,671 | +€29,093 | +81.8% |
| Taxes | 450/3 | €35,577 | €64,671 | +€29,093 | +81.8% |
| Other amounts payable | 47/48 | - | €2,872 | +€2,872 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,341 | €6,154 | +€2,813 | +84.2% |
| Other operating charges | 640/8 | €1,048 | €12,177 | +€11,130 | +1062.3% |
| Gross operating margin | 9900 | €135,868 | €181,071 | +€45,202 | +33.3% |
| Operating profit (loss) | 9901 | €131,480 | €162,740 | +€31,260 | +23.8% |
| Financial income | 75/76B | €9 | €60,117 | +€60,108 | +667869.0% |
| Recurring financial income | 75 | €9 | €60,117 | +€60,108 | +667869.0% |
| Financial charges | 65/66B | €1,604 | €398 | -€1,206 | -75.2% |
| Recurring financial charges | 65 | €1,604 | €398 | -€1,206 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €129,885 | €222,459 | +€92,574 | +71.3% |
| Income taxes | 67/77 | €35,577 | €52,685 | +€17,108 | +48.1% |
| Profit (loss) for the period | 9904 | €94,308 | €169,775 | +€75,467 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,308 | €169,775 | +€75,467 | +80.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.