INVEST IMMO: what changed
INVEST IMMO
Largest movements
- Cash +€126,038
up €126,038 (+180%), from €69,880 to €195,918
mainly Net result for the year (+€91,302) and Other debts (+€46,663)
- Financial fixed assets -€46,000
down €46,000 (-99.7%), from €46,149 to €149
- Intangible fixed assets -€17,000
down €17,000 (-48.4%), from €35,118 to €18,118
- Tangible fixed assets -€8,515
down €8,515 (-2.9%), from €297,416 to €288,901
of which Land and buildings: -€13,383
- Other debts +€46,663
up €46,663 (+177%), from €26,327 to €72,990
- Profit (loss) carried forward +€35,302
up €35,302 (+55.4%), from €63,714 to €99,016
- Debts after one year -€33,352
down €33,352 (-10.3%), from €322,753 to €289,401
- Tax, wage and social debts +€32,627
up €32,627 (+140%), from €23,262 to €55,889
of which Remuneration and social security: +€19,545
- Trade debts -€15,137
down €15,137 (-56.1%), from €26,975 to €11,838
- Gross operating margin +€118,345
up €118,345 (+54.1%), from €218,740 to €337,086
- Taxes +€26,491
up €26,491 (+459%), from €5,769 to €32,260
- Financial charges +€4,799
up €4,799 (+42.3%), from €11,353 to €16,152
- Depreciation +€4,149
up €4,149 (+13.1%), from €31,614 to €35,763
- Staff costs +€3,932
up €3,932 (+2.5%), from €155,688 to €159,620
Change in the result, 2024 to 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.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €523,608 | €582,686 | +€59,078 | +11.3% |
| Fixed assets | 21/28 | €378,683 | €307,168 | -€71,515 | -18.9% |
| Intangible fixed assets | 21 | €35,118 | €18,118 | -€17,000 | -48.4% |
| Tangible fixed assets | 22/27 | €297,416 | €288,901 | -€8,515 | -2.9% |
| Land and buildings | 22 | €296,428 | €283,046 | -€13,383 | -4.5% |
| Plant, machinery and equipment | 23 | €981 | €7 | -€974 | -99.3% |
| Furniture and vehicles | 24 | €7 | €5,848 | +€5,841 | +85,401% |
| Financial fixed assets | 28 | €46,149 | €149 | -€46,000 | -99.7% |
| Current assets | 29/58 | €144,926 | €275,518 | +€130,592 | +90.1% |
| Amounts receivable within one year | 40/41 | €72,414 | €77,231 | +€4,818 | +6.7% |
| Trade receivables | 40 | €23,144 | €16,499 | -€6,646 | -28.7% |
| Other amounts receivable | 41 | €49,269 | €60,733 | +€11,464 | +23.3% |
| Cash at bank and in hand | 54/58 | €69,880 | €195,918 | +€126,038 | +180% |
| Deferred charges and accrued income | 490/1 | €2,631 | €2,368 | -€263 | -10.0% |
| Total equity and liabilities | 10/49 | €523,608 | €582,686 | +€59,078 | +11.3% |
| Equity | 10/15 | €83,914 | €119,216 | +€35,302 | +42.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,714 | €99,016 | +€35,302 | +55.4% |
| Amounts payable | 17/49 | €439,694 | €463,470 | +€23,776 | +5.4% |
| Amounts payable after more than one year | 17 | €322,753 | €289,401 | -€33,352 | -10.3% |
| Financial debts | 170/4 | €322,753 | €289,401 | -€33,352 | -10.3% |
| Amounts payable within one year | 42/48 | €116,941 | €174,068 | +€57,127 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €40,378 | €33,352 | -€7,026 | -17.4% |
| Trade debts | 44 | €26,975 | €11,838 | -€15,137 | -56.1% |
| Suppliers | 440/4 | €26,975 | €11,838 | -€15,137 | -56.1% |
| Taxes, remuneration and social security | 45 | €23,262 | €55,889 | +€32,627 | +140% |
| Taxes | 450/3 | €7,185 | €20,267 | +€13,083 | +182% |
| Remuneration and social security | 454/9 | €16,077 | €35,621 | +€19,545 | +122% |
| Other amounts payable | 47/48 | €26,327 | €72,990 | +€46,663 | +177% |
| Remuneration, social security and pensions | 62 | €155,688 | €159,620 | +€3,932 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,614 | €35,763 | +€4,149 | +13.1% |
| Other operating charges | 640/8 | €2,721 | €2,772 | +€50 | +1.8% |
| Gross operating margin | 9900 | €218,740 | €337,086 | +€118,345 | +54.1% |
| Operating profit (loss) | 9901 | €28,717 | €138,930 | +€110,214 | +384% |
| Financial income | 75/76B | €665 | €783 | +€119 | +17.9% |
| Recurring financial income | 75 | €665 | €783 | +€119 | +17.9% |
| Financial charges | 65/66B | €11,353 | €16,152 | +€4,799 | +42.3% |
| Recurring financial charges | 65 | €11,353 | €16,152 | +€4,799 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €18,028 | €123,562 | +€105,534 | +585% |
| Income taxes | 67/77 | €5,769 | €32,260 | +€26,491 | +459% |
| Profit (loss) for the period | 9904 | €12,259 | €91,302 | +€79,043 | +645% |
| Profit (loss) for the period to be appropriated | 9905 | €12,259 | €91,302 | +€79,043 | +645% |
Next steps
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 3 November 2026 via checked.be.