INVESTBRA: what changed
What changed
INVESTBRA
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€102,198
2024 · -€113,987+€216,185
Equity
€4.5m
2024 · €4.4m+€102,198
Cash
€251,368
2024 · €69,202+€182,166
Balance sheet total
€4.5m
2024 · €5.1m-€598,424
Largest movements
Assets
- Current investments -€602,720
down €602,720 (-100%), from €602,720 to €0
- Tangible fixed assets -€224,069
down €224,069 (-8.5%), from €2.6m to €2.4m
- Cash +€182,166
up €182,166 (+263%), from €69,202 to €251,368
mainly Current investments (+€602,720) and Depreciation (+€230,703)
Equity and liabilities
- Other debts -€702,932
down €702,932 (-100%), from €702,932 to €0
- Profit (loss) carried forward +€96,539
up €96,539, from €0 to €96,539
Income statement
- Financial charges -€406,979
down €406,979 (-99.8%), from €407,838 to €859
of which Non-recurring financial charges: -€336,946
- Other operating income -€70,767
down €70,767 (-100%), from €70,767 to €0
- Financial income -€59,791
down €59,791 (-100%), from €59,791 to €0
- Taxes -€40,790
down €40,790 (-54.5%), from €74,856 to €34,066
- Turnover -€34,340
down €34,340 (-7.4%), from €464,600 to €430,260
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.
Result 2024
-€113,987
Turnover
-€34,340
Other operating income
-€70,767
Services and other goods
-€4,620
Depreciation
+€6,339
Other operating charges
-€1,080
Other operating items
-€67,326
Financial income
-€59,791
Financial charges
+€406,979
Taxes
+€40,790
Deferred taxes and other
+€1
Result 2025
€102,198
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€413,921
Investment
+€596,086
Financing
+€1
Cash 2024
€69,202
From operations (derived)
-€413,921
Net result for the year
+€102,198
Depreciation
+€230,703
Receivables within one year
-€46,861
Smaller working-capital items
+€429
Trade debts
+€9,461
Tax, wage and social debts
-€6,919
Other debts
-€702,932
Investment (derived)
+€596,086
Investment in fixed assets (net)
-€6,634
Current investments
+€602,720
Financing
+€1
Contributions, distributions and other
+€1
Cash 2025
€251,368
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,111,152 | €4,512,728 | -€598,424 | -11.7% |
| Fixed assets | 21/28 | €4,400,090 | €4,176,022 | -€224,068 | -5.1% |
| Tangible fixed assets | 22/27 | €2,642,932 | €2,418,863 | -€224,069 | -8.5% |
| Land and buildings | 22 | €2,642,932 | €2,418,863 | -€224,069 | -8.5% |
| Financial fixed assets | 28 | €1,757,158 | €1,757,158 | +€0 | 0.0% |
| Affiliated companies | 280/1 | €1,757,158 | €1,757,158 | +€0 | 0.0% |
| Participating interests | 280 | €1,757,158 | €1,757,158 | +€0 | 0.0% |
| Current assets | 29/58 | €711,062 | €336,707 | -€374,355 | -52.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | - | = | |
| Property held for sale | 35 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €10,520 | €57,381 | +€46,861 | +445% |
| Trade receivables | 40 | €10,491 | €0 | -€10,491 | -100% |
| Other amounts receivable | 41 | €29 | €57,381 | +€57,352 | +197,765% |
| Current investments | 50/53 | €602,720 | €0 | -€602,720 | -100% |
| Other investments | 51/53 | €602,720 | €0 | -€602,720 | -100% |
| Cash at bank and in hand | 54/58 | €69,202 | €251,368 | +€182,166 | +263% |
| Deferred charges and accrued income | 490/1 | €28,620 | €27,958 | -€662 | -2.3% |
| Total equity and liabilities | 10/49 | €5,111,152 | €4,512,728 | -€598,424 | -11.7% |
| Equity | 10/15 | €4,377,193 | €4,479,391 | +€102,198 | +2.3% |
| Contributions | 10/11 | €93,728 | €93,728 | +€0 | 0.0% |
| Capital | 10 | €93,728 | €93,728 | +€0 | 0.0% |
| Issued capital | 100 | €93,728 | €93,728 | +€0 | 0.0% |
| Reserves | 13 | €4,283,464 | €4,289,124 | +€5,660 | +0.1% |
| Non-distributable reserves | 130/1 | €3,713 | €9,373 | +€5,660 | +152% |
| Legal reserve | 130 | €3,713 | €9,373 | +€5,660 | +152% |
| Distributable reserves | 133 | €4,279,751 | €4,279,751 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €96,539 | +€96,539 | |
| Amounts payable | 17/49 | €733,960 | €33,338 | -€700,622 | -95.5% |
| Amounts payable within one year | 42/48 | €728,348 | €27,958 | -€700,390 | -96.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €18,497 | €27,958 | +€9,461 | +51.1% |
| Suppliers | 440/4 | €18,497 | €27,958 | +€9,461 | +51.1% |
| Taxes, remuneration and social security | 45 | €6,919 | €0 | -€6,919 | -100% |
| Taxes | 450/3 | €6,919 | €0 | -€6,919 | -100% |
| Other amounts payable | 47/48 | €702,932 | €0 | -€702,932 | -100% |
| Accrued charges and deferred income | 492/3 | €5,612 | €5,379 | -€233 | -4.1% |
| Operating income | 70/76A | €602,693 | €430,260 | -€172,433 | -28.6% |
| Turnover | 70 | €464,600 | €430,260 | -€34,340 | -7.4% |
| Other operating income | 74 | €70,767 | €0 | -€70,767 | -100% |
| Non-recurring operating income | 76A | €67,326 | €0 | -€67,326 | -100% |
| Operating charges | 60/66A | €293,776 | €293,136 | -€640 | -0.2% |
| Purchases | 600/8 | €671,658 | €0 | -€671,658 | -100% |
| Change in stocks: decrease (increase) | 609 | -€671,658 | €0 | +€671,658 | |
| Services and other goods | 61 | €24,924 | €29,544 | +€4,620 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237,042 | €230,703 | -€6,339 | -2.7% |
| Other operating charges | 640/8 | €31,810 | €32,890 | +€1,080 | +3.4% |
| Operating profit (loss) | 9901 | €308,917 | €137,124 | -€171,793 | -55.6% |
| Financial income | 75/76B | €59,791 | €0 | -€59,791 | -100% |
| Recurring financial income | 75 | €59,791 | €0 | -€59,791 | -100% |
| Income from current assets | 751 | €59,791 | €0 | -€59,791 | -100% |
| Other financial income | 752/9 | €0 | €0 | = | |
| Financial charges | 65/66B | €407,838 | €859 | -€406,979 | -99.8% |
| Recurring financial charges | 65 | €70,892 | €859 | -€70,033 | -98.8% |
| Debt charges | 650 | €70,829 | €0 | -€70,829 | -100% |
| Other financial charges | 652/9 | €63 | €859 | +€796 | +1,264% |
| Non-recurring financial charges | 66B | €336,946 | €0 | -€336,946 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€39,130 | €136,264 | +€175,394 | |
| Income taxes | 67/77 | €74,856 | €34,066 | -€40,790 | -54.5% |
| Taxes | 670/3 | €74,856 | €34,066 | -€40,790 | -54.5% |
| Profit (loss) for the period | 9904 | -€113,987 | €102,198 | +€216,185 | |
| Profit (loss) for the period to be appropriated | 9905 | -€113,987 | €102,198 | +€216,185 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.