InvEstate Projects: 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.
InvEstate Projects
Largest movements
- Receivables within one year -€16,126
down €16,126 (-42.1%), from €38,319 to €22,193
of which Trade receivables: -€32,269
- Cash +€15,630
up €15,630 (+88.3%), from €17,695 to €33,325
mainly Receivables within one year (+€16,126) and Depreciation (+€6,000)
- Tangible fixed assets -€6,000
down €6,000 (-48.0%), from €12,500 to €6,500
- Other debts -€7,890
down €7,890 (-100%), from €7,890 to €0
- Reserves +€3,114
up €3,114 (+9.7%), from €32,081 to €35,196
- Tax, wage and social debts -€2,389
down €2,389 (-27.1%), from €8,817 to €6,428
of which Taxes: -€2,389
- Gross operating margin +€931
up €931 (+9.1%), from €10,251 to €11,181
- Financial income +€333
new in 2025: €333
- Other operating charges -€308
down €308 (-27.9%), from €1,106 to €798
- Taxes -€175
down €175 (-11.5%), from €1,516 to €1,341
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 | €68,513 | €62,018 | -€6,495 | -9.5% |
| Fixed assets | 21/28 | €12,500 | €6,500 | -€6,000 | -48.0% |
| Tangible fixed assets | 22/27 | €12,500 | €6,500 | -€6,000 | -48.0% |
| Furniture and vehicles | 24 | €12,500 | €6,500 | -€6,000 | -48.0% |
| Current assets | 29/58 | €56,013 | €55,518 | -€495 | -0.9% |
| Amounts receivable within one year | 40/41 | €38,319 | €22,193 | -€16,126 | -42.1% |
| Trade receivables | 40 | €38,319 | €6,050 | -€32,269 | -84.2% |
| Other amounts receivable | 41 | - | €16,143 | +€16,143 | |
| Cash at bank and in hand | 54/58 | €17,695 | €33,325 | +€15,630 | +88.3% |
| Total equity and liabilities | 10/49 | €68,513 | €62,018 | -€6,495 | -9.5% |
| Equity | 10/15 | €50,681 | €53,796 | +€3,114 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,081 | €35,196 | +€3,114 | +9.7% |
| Distributable reserves | 133 | €32,081 | €35,196 | +€3,114 | +9.7% |
| Amounts payable | 17/49 | €17,832 | €8,222 | -€9,610 | -53.9% |
| Amounts payable within one year | 42/48 | €17,832 | €8,222 | -€9,610 | -53.9% |
| Trade debts | 44 | €1,125 | €1,795 | +€669 | +59.5% |
| Suppliers | 440/4 | €1,125 | €1,795 | +€669 | +59.5% |
| Taxes, remuneration and social security | 45 | €8,817 | €6,428 | -€2,389 | -27.1% |
| Taxes | 450/3 | €8,817 | €6,428 | -€2,389 | -27.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,890 | €0 | -€7,890 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €6,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,106 | €798 | -€308 | -27.9% |
| Gross operating margin | 9900 | €10,251 | €11,181 | +€931 | +9.1% |
| Operating profit (loss) | 9901 | €3,145 | €4,383 | +€1,239 | +39.4% |
| Financial income | 75/76B | - | €333 | +€333 | |
| Recurring financial income | 75 | - | €333 | +€333 | |
| Financial charges | 65/66B | €345 | €261 | -€84 | -24.3% |
| Recurring financial charges | 65 | €345 | €261 | -€84 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €2,800 | €4,456 | +€1,656 | +59.1% |
| Income taxes | 67/77 | €1,516 | €1,341 | -€175 | -11.5% |
| Profit (loss) for the period | 9904 | €1,284 | €3,114 | +€1,830 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €1,284 | €3,114 | +€1,830 | +143% |
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.