INVESTCO: what changed
INVESTCO
Largest movements
- Financial fixed assets +€333,792
up €333,792 (+25.6%), from €1.3m to €1.6m
- Debts after one year +€937,100
up €937,100 (+269%), from €347,847 to €1.3m
- Other debts -€564,120
no longer reported in 2025 (was €564,120)
- Reserves -€42,298
down €42,298 (-12.7%), from €332,368 to €290,070
- Financial charges -€4,509
down €4,509 (-9.1%), from €49,530 to €45,021
- Financial income -€2,689
down €2,689 (-30.3%), from €8,877 to €6,188
of which Non-recurring financial income: -€8,877
- Gross operating margin -€1,237
down €1,237 (-1,455%), from -€85 to -€1,322
- Other operating charges +€97
up €97 (+4.7%), from €2,046 to €2,143
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,304,335 | €1,636,034 | +€331,699 | +25.4% |
| Fixed assets | 21/28 | €1,301,377 | €1,635,169 | +€333,792 | +25.6% |
| Financial fixed assets | 28 | €1,301,377 | €1,635,169 | +€333,792 | +25.6% |
| Current assets | 29/58 | €2,958 | €865 | -€2,093 | -70.8% |
| Cash at bank and in hand | 54/58 | €2,958 | €865 | -€2,093 | -70.8% |
| Total equity and liabilities | 10/49 | €1,304,335 | €1,636,034 | +€331,699 | +25.4% |
| Equity | 10/15 | €392,368 | €350,070 | -€42,298 | -10.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €332,368 | €290,070 | -€42,298 | -12.7% |
| Distributable reserves | 133 | €332,368 | €290,070 | -€42,298 | -12.7% |
| Amounts payable | 17/49 | €911,967 | €1,285,964 | +€373,997 | +41.0% |
| Amounts payable after more than one year | 17 | €347,847 | €1,284,947 | +€937,100 | +269% |
| Financial debts | 170/4 | €347,847 | €1,284,947 | +€937,100 | +269% |
| Amounts payable within one year | 42/48 | €564,120 | €1,017 | -€563,103 | -99.8% |
| Trade debts | 44 | - | €1,017 | +€1,017 | |
| Suppliers | 440/4 | - | €1,017 | +€1,017 | |
| Other amounts payable | 47/48 | €564,120 | - | -€564,120 | |
| Other operating charges | 640/8 | €2,046 | €2,143 | +€97 | +4.7% |
| Gross operating margin | 9900 | -€85 | -€1,322 | -€1,237 | -1,455% |
| Operating profit (loss) | 9901 | -€2,131 | -€3,465 | -€1,334 | -62.6% |
| Financial income | 75/76B | €8,877 | €6,188 | -€2,689 | -30.3% |
| Recurring financial income | 75 | €8,877 | €6,188 | -€2,689 | -30.3% |
| Non-recurring financial income | 76B | €8,877 | - | -€8,877 | |
| Financial charges | 65/66B | €49,530 | €45,021 | -€4,509 | -9.1% |
| Recurring financial charges | 65 | €49,530 | €45,021 | -€4,509 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,784 | -€42,298 | +€486 | +1.1% |
| Profit (loss) for the period | 9904 | -€42,784 | -€42,298 | +€486 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,784 | -€42,298 | +€486 | +1.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.