INVESTAR: 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.
INVESTAR
Largest movements
- Receivables within one year -€7,915
down €7,915 (-25.0%), from €31,608 to €23,693
- Profit (loss) carried forward -€4,403
down €4,403 (-10.9%), from €40,351 to €35,949
- Short-term financial debts -€3,895
no longer reported in 2025 (was €3,895)
- Gross operating margin +€5,579
up €5,579 (+57.9%), from -€9,630 to -€4,051
- Financial charges -€105
down €105 (-23.0%), from €457 to €352
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 | €58,507 | €50,209 | -€8,298 | -14.2% |
| Fixed assets | 21/28 | €26,477 | €26,477 | = | 0.0% |
| Financial fixed assets | 28 | €26,477 | €26,477 | = | 0.0% |
| Current assets | 29/58 | €32,029 | €23,731 | -€8,298 | -25.9% |
| Amounts receivable within one year | 40/41 | €31,608 | €23,693 | -€7,915 | -25.0% |
| Other amounts receivable | 41 | €31,608 | €23,693 | -€7,915 | -25.0% |
| Cash at bank and in hand | 54/58 | €421 | €38 | -€383 | -90.9% |
| Total equity and liabilities | 10/49 | €58,507 | €50,209 | -€8,298 | -14.2% |
| Equity | 10/15 | €54,611 | €50,209 | -€4,403 | -8.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,351 | €35,949 | -€4,403 | -10.9% |
| Amounts payable | 17/49 | €3,895 | - | -€3,895 | |
| Amounts payable within one year | 42/48 | €3,895 | - | -€3,895 | |
| Financial debts | 43 | €3,895 | - | -€3,895 | |
| Credit institutions | 430/8 | €3,895 | - | -€3,895 | |
| Gross operating margin | 9900 | -€9,630 | -€4,051 | +€5,579 | +57.9% |
| Operating profit (loss) | 9901 | -€9,630 | -€4,051 | +€5,579 | +57.9% |
| Financial charges | 65/66B | €457 | €352 | -€105 | -23.0% |
| Recurring financial charges | 65 | €457 | €352 | -€105 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,087 | -€4,403 | +€5,684 | +56.4% |
| Profit (loss) for the period | 9904 | -€10,087 | -€4,403 | +€5,684 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,087 | -€4,403 | +€5,684 | +56.4% |
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 23 October 2026 via checked.be.