INVEST PLUS: 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 PLUS
Largest movements
- Tangible fixed assets -€227,276
down €227,276 (-10.3%), from €2.2m to €2.0m
- Cash +€67,831
up €67,831 (+378%), from €17,935 to €85,766
mainly Depreciation (+€227,276) and Accrued charges and deferred income (+€94,793)
- Debts after one year -€179,038
down €179,038 (-10.2%), from €1.7m to €1.6m
of which Financial debts: -€179,038
- Profit (loss) carried forward -€105,080
down €105,080 (-88.6%), from -€118,615 to -€223,694
- Accrued charges and deferred income +€94,793
up €94,793 (+4,740%), from €2,000 to €96,793
- Other operating charges +€111,453
up €111,453 (+1,442%), from €7,729 to €119,182
- Purchases and services -€6,095
down €6,095 (-11.9%), from €51,142 to €45,047
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 | €2,242,913 | €2,073,838 | -€169,075 | -7.5% |
| Fixed assets | 21/28 | €2,202,948 | €1,975,671 | -€227,276 | -10.3% |
| Tangible fixed assets | 22/27 | €2,202,948 | €1,975,671 | -€227,276 | -10.3% |
| Land and buildings | 22 | €2,202,948 | €1,975,671 | -€227,276 | -10.3% |
| Current assets | 29/58 | €39,965 | €98,166 | +€58,201 | +146% |
| Amounts receivable within one year | 40/41 | €12,400 | €12,400 | = | 0.0% |
| Other amounts receivable | 41 | €12,400 | €12,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,935 | €85,766 | +€67,831 | +378% |
| Deferred charges and accrued income | 490/1 | €9,630 | - | -€9,630 | |
| Total equity and liabilities | 10/49 | €2,242,913 | €2,073,838 | -€169,075 | -7.5% |
| Equity | 10/15 | -€98,936 | -€204,015 | -€105,080 | -106% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,079 | €1,079 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,079 | €1,079 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,079 | €1,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,615 | -€223,694 | -€105,080 | -88.6% |
| Amounts payable | 17/49 | €2,341,849 | €2,277,853 | -€63,996 | -2.7% |
| Amounts payable after more than one year | 17 | €1,748,645 | €1,569,607 | -€179,038 | -10.2% |
| Financial debts | 170/4 | €1,688,645 | €1,509,607 | -€179,038 | -10.6% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €591,204 | €611,454 | +€20,250 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €174,513 | €179,038 | +€4,525 | +2.6% |
| Trade debts | 44 | €2,726 | €13,011 | +€10,285 | +377% |
| Suppliers | 440/4 | €2,726 | €13,011 | +€10,285 | +377% |
| Other amounts payable | 47/48 | €413,965 | €419,404 | +€5,439 | +1.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €96,793 | +€94,793 | +4,740% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,142 | €45,047 | -€6,095 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,301 | €227,276 | -€24 | 0.0% |
| Other operating charges | 640/8 | €7,729 | €119,182 | +€111,453 | +1,442% |
| Gross operating margin | 9900 | €322,973 | €323,613 | +€640 | +0.2% |
| Operating profit (loss) | 9901 | €87,944 | -€22,845 | -€110,789 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €84,265 | €82,234 | -€2,031 | -2.4% |
| Recurring financial charges | 65 | €84,265 | €82,234 | -€2,031 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €3,678 | -€105,080 | -€108,758 | |
| Profit (loss) for the period | 9904 | €3,678 | -€105,080 | -€108,758 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,678 | -€105,080 | -€108,758 |
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 17 October 2026 via checked.be.