INVESTEA: 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.
INVESTEA
Largest movements
- Cash -€144,095
down €144,095 (-31.9%), from €452,003 to €307,908
mainly Contributions, distributions and other (-€165,000) and Other debts (-€70,000)
- Tangible fixed assets -€49,156
down €49,156 (-13.8%), from €356,323 to €307,167
of which Land and buildings: -€47,596
- Receivables within one year -€10,212
down €10,212 (-74.5%), from €13,706 to €3,493
of which Other amounts receivable: -€10,562
- Profit (loss) carried forward -€70,146
down €70,146 (-89.0%), from €78,812 to €8,666
- Other debts -€70,000
down €70,000 (-70.0%), from €100,000 to €30,000
- Reserves -€60,000
down €60,000 (-96.8%), from €62,000 to €2,000
- Financial charges -€39,406
down €39,406 (-84.5%), from €46,633 to €7,228
of which Non-recurring financial charges: -€46,550
- Gross operating margin -€20,541
down €20,541 (-16.2%), from €126,526 to €105,984
- Taxes -€3,786
down €3,786 (-26.5%), from €14,262 to €10,477
- Depreciation -€1,667
down €1,667 (-3.3%), from €50,822 to €49,156
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.
Cash bridge derived
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 | €857,118 | €661,372 | -€195,746 | -22.8% |
| Fixed assets | 21/28 | €390,708 | €349,483 | -€41,226 | -10.6% |
| Tangible fixed assets | 22/27 | €356,323 | €307,167 | -€49,156 | -13.8% |
| Land and buildings | 22 | €354,630 | €307,034 | -€47,596 | -13.4% |
| Furniture and vehicles | 24 | €1,693 | €134 | -€1,560 | -92.1% |
| Financial fixed assets | 28 | €34,385 | €42,315 | +€7,930 | +23.1% |
| Current assets | 29/58 | €466,410 | €311,889 | -€154,521 | -33.1% |
| Amounts receivable within one year | 40/41 | €13,706 | €3,493 | -€10,212 | -74.5% |
| Trade receivables | 40 | - | €350 | +€350 | |
| Other amounts receivable | 41 | €13,706 | €3,144 | -€10,562 | -77.1% |
| Cash at bank and in hand | 54/58 | €452,003 | €307,908 | -€144,095 | -31.9% |
| Deferred charges and accrued income | 490/1 | €701 | €488 | -€213 | -30.4% |
| Total equity and liabilities | 10/49 | €857,118 | €661,372 | -€195,746 | -22.8% |
| Equity | 10/15 | €756,437 | €626,291 | -€130,146 | -17.2% |
| Contributions | 10/11 | €615,625 | €615,625 | = | 0.0% |
| Contributions outside capital | 11 | €615,625 | €615,625 | = | 0.0% |
| Other | 1109/19 | €615,625 | €615,625 | = | 0.0% |
| Reserves | 13 | €62,000 | €2,000 | -€60,000 | -96.8% |
| Distributable reserves | 133 | €62,000 | €2,000 | -€60,000 | -96.8% |
| Profit (loss) carried forward | 14 | €78,812 | €8,666 | -€70,146 | -89.0% |
| Amounts payable | 17/49 | €100,681 | €35,081 | -€65,600 | -65.2% |
| Amounts payable within one year | 42/48 | €100,681 | €35,081 | -€65,600 | -65.2% |
| Financial debts | 43 | - | €105 | +€105 | |
| Credit institutions | 430/8 | - | €105 | +€105 | |
| Trade debts | 44 | €681 | €789 | +€109 | +15.9% |
| Suppliers | 440/4 | €681 | €789 | +€109 | +15.9% |
| Taxes, remuneration and social security | 45 | - | €4,187 | +€4,187 | |
| Taxes | 450/3 | - | €4,187 | +€4,187 | |
| Other amounts payable | 47/48 | €100,000 | €30,000 | -€70,000 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,822 | €49,156 | -€1,667 | -3.3% |
| Other operating charges | 640/8 | €4,314 | €4,270 | -€44 | -1.0% |
| Gross operating margin | 9900 | €126,526 | €105,984 | -€20,541 | -16.2% |
| Operating profit (loss) | 9901 | €71,389 | €52,558 | -€18,830 | -26.4% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €46,633 | €7,228 | -€39,406 | -84.5% |
| Recurring financial charges | 65 | €83 | €7,228 | +€7,144 | +8558.3% |
| Non-recurring financial charges | 66B | €46,550 | - | -€46,550 | |
| Profit (loss) for the period before taxes | 9903 | €24,761 | €45,330 | +€20,570 | +83.1% |
| Income taxes | 67/77 | €14,262 | €10,477 | -€3,786 | -26.5% |
| Profit (loss) for the period | 9904 | €10,499 | €34,854 | +€24,355 | +232.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,499 | €34,854 | +€24,355 | +232.0% |
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 11 October 2026 via checked.be.