INVESTANT: 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.
INVESTANT
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Cash +€21,089
up €21,089 (+572%), from €3,688 to €24,776
mainly Stocks and contracts (+€1.2m) and Net result for the year (+€176,601)
- Debts after one year -€853,375
down €853,375 (-100%), from €853,375 to €0
- Reserves -€243,399
down €243,399 (-91.0%), from €267,335 to €23,936
- Other debts -€76,000
down €76,000 (-100.0%), from €76,028 to €28
- Gross operating margin +€242,635
up €242,635, from -€11,022 to €231,613
- Taxes +€51,764
new in 2025: €51,764
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 | €1,217,457 | €34,175 | -€1.2m | -97.2% |
| Fixed assets | 21/28 | €2,946 | €854 | -€2,092 | -71.0% |
| Tangible fixed assets | 22/27 | €2,946 | €854 | -€2,092 | -71.0% |
| Furniture and vehicles | 24 | €2,946 | €854 | -€2,092 | -71.0% |
| Current assets | 29/58 | €1,214,511 | €33,321 | -€1.2m | -97.3% |
| Stocks and contracts in progress | 3 | €1,198,823 | €0 | -€1.2m | -100% |
| Stocks | 30/36 | €1,198,823 | €0 | -€1.2m | -100% |
| Amounts receivable within one year | 40/41 | €12,000 | €8,544 | -€3,456 | -28.8% |
| Trade receivables | 40 | - | €309 | +€309 | |
| Other amounts receivable | 41 | €12,000 | €8,236 | -€3,764 | -31.4% |
| Cash at bank and in hand | 54/58 | €3,688 | €24,776 | +€21,089 | +572% |
| Total equity and liabilities | 10/49 | €1,217,457 | €34,175 | -€1.2m | -97.2% |
| Equity | 10/15 | €277,335 | €33,936 | -€243,399 | -87.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €267,335 | €23,936 | -€243,399 | -91.0% |
| Distributable reserves | 133 | €267,335 | €23,936 | -€243,399 | -91.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €940,122 | €239 | -€939,883 | -100.0% |
| Amounts payable after more than one year | 17 | €853,375 | €0 | -€853,375 | -100% |
| Financial debts | 170/4 | €853,375 | €0 | -€853,375 | -100% |
| Amounts payable within one year | 42/48 | €86,747 | €239 | -€86,508 | -99.7% |
| Trade debts | 44 | €7,987 | €211 | -€7,776 | -97.4% |
| Suppliers | 440/4 | €7,987 | €211 | -€7,776 | -97.4% |
| Taxes, remuneration and social security | 45 | €2,732 | €0 | -€2,732 | -100% |
| Taxes | 450/3 | €2,732 | €0 | -€2,732 | -100% |
| Other amounts payable | 47/48 | €76,028 | €28 | -€76,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,421 | €2,092 | -€329 | -13.6% |
| Other operating charges | 640/8 | €1,149 | €1,184 | +€35 | +3.0% |
| Gross operating margin | 9900 | -€11,022 | €231,613 | +€242,635 | |
| Operating profit (loss) | 9901 | -€14,592 | €228,337 | +€242,929 | |
| Financial income | 75/76B | €0 | €79 | +€79 | |
| Recurring financial income | 75 | €0 | €79 | +€79 | |
| Financial charges | 65/66B | €269 | €51 | -€218 | -81.1% |
| Recurring financial charges | 65 | €269 | €51 | -€218 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,861 | €228,365 | +€243,226 | |
| Income taxes | 67/77 | - | €51,764 | +€51,764 | |
| Profit (loss) for the period | 9904 | -€14,861 | €176,601 | +€191,462 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,861 | €176,601 | +€191,462 |
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 27 October 2026 via checked.be.