InvestEncour: what changed
What changed
InvestEncour
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€31,283
2024 · €34,608-€65,891
Equity
€6,324
2024 · €37,608-€31,283
Cash
€2,087
2024 · €58,218-€56,131
Balance sheet total
€318,988
2024 · €61,755+€257,233
Largest movements
Assets
- Receivables after one year +€267,500
new in 2025: €267,500
- Cash -€56,131
down €56,131 (-96.4%), from €58,218 to €2,087
mainly Receivables after one year (-€267,500) and Receivables within one year (-€32,813)
- Receivables within one year +€32,813
up €32,813 (+1,149%), from €2,856 to €35,670
of which Other amounts receivable: +€19,729
- Financial fixed assets +€11,500
new in 2025: €11,500
Equity and liabilities
- Debts after one year +€267,500
new in 2025: €267,500
- Profit (loss) carried forward -€31,283
down €31,283, from €19,608 to -€11,676
- Other debts +€23,576
up €23,576 (+454%), from €5,198 to €28,774
Income statement
- Gross operating margin -€74,127
down €74,127, from €45,715 to -€28,412
- Taxes -€10,599
down €10,599 (-98.8%), from €10,731 to €133
- Financial charges +€1,830
up €1,830 (+563%), from €325 to €2,154
- Depreciation +€532
up €532 (+1,021%), from €52 to €584
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
€34,608
Gross operating margin
-€74,127
Depreciation
-€532
Financial income
-€1
Financial charges
-€1,830
Taxes
+€10,599
Result 2025
-€31,283
raises the resultlowers the result
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
-€310,870
Investment
-€12,760
Financing
+€267,500
Cash 2024
€58,218
From operations (derived)
-€310,870
Net result for the year
-€31,283
Depreciation
+€584
Receivables after one year
-€267,500
Receivables within one year
-€32,813
Deferred charges and accrued income
-€874
Trade debts
-€2,533
Tax, wage and social debts
-€27
Other debts
+€23,576
Investment (derived)
-€12,760
Investment in fixed assets (net)
-€12,760
Financing
+€267,500
Debts after one year
+€267,500
Cash 2025
€2,087
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,755 | €318,988 | +€257,233 | +417% |
| Fixed assets | 21/28 | €681 | €12,858 | +€12,176 | +1,787% |
| Tangible fixed assets | 22/27 | €681 | €1,358 | +€676 | +99.3% |
| Furniture and vehicles | 24 | €681 | €1,358 | +€676 | +99.3% |
| Financial fixed assets | 28 | - | €11,500 | +€11,500 | |
| Current assets | 29/58 | €61,074 | €306,131 | +€245,057 | +401% |
| Amounts receivable after more than one year | 29 | - | €267,500 | +€267,500 | |
| Other amounts receivable | 291 | - | €267,500 | +€267,500 | |
| Amounts receivable within one year | 40/41 | €2,856 | €35,670 | +€32,813 | +1,149% |
| Trade receivables | 40 | €1,915 | €15,000 | +€13,085 | +683% |
| Other amounts receivable | 41 | €941 | €20,670 | +€19,729 | +2,097% |
| Cash at bank and in hand | 54/58 | €58,218 | €2,087 | -€56,131 | -96.4% |
| Deferred charges and accrued income | 490/1 | - | €874 | +€874 | |
| Total equity and liabilities | 10/49 | €61,755 | €318,988 | +€257,233 | +417% |
| Equity | 10/15 | €37,608 | €6,324 | -€31,283 | -83.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,608 | -€11,676 | -€31,283 | |
| Amounts payable | 17/49 | €24,148 | €312,664 | +€288,516 | +1,195% |
| Amounts payable after more than one year | 17 | - | €267,500 | +€267,500 | |
| Other amounts payable | 178/9 | - | €267,500 | +€267,500 | |
| Amounts payable within one year | 42/48 | €24,148 | €45,164 | +€21,016 | +87.0% |
| Trade debts | 44 | €3,020 | €487 | -€2,533 | -83.9% |
| Suppliers | 440/4 | €3,020 | €487 | -€2,533 | -83.9% |
| Taxes, remuneration and social security | 45 | €15,929 | €15,903 | -€27 | -0.2% |
| Taxes | 450/3 | €13,966 | €12,315 | -€1,651 | -11.8% |
| Remuneration and social security | 454/9 | €1,964 | €3,588 | +€1,624 | +82.7% |
| Other amounts payable | 47/48 | €5,198 | €28,774 | +€23,576 | +454% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52 | €584 | +€532 | +1,021% |
| Gross operating margin | 9900 | €45,715 | -€28,412 | -€74,127 | |
| Operating profit (loss) | 9901 | €45,663 | -€28,996 | -€74,659 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €325 | €2,154 | +€1,830 | +563% |
| Recurring financial charges | 65 | €325 | €2,154 | +€1,830 | +563% |
| Profit (loss) for the period before taxes | 9903 | €45,339 | -€31,150 | -€76,489 | |
| Income taxes | 67/77 | €10,731 | €133 | -€10,599 | -98.8% |
| Profit (loss) for the period | 9904 | €34,608 | -€31,283 | -€65,891 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,608 | -€31,283 | -€65,891 |
Next steps
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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 3 November 2026 via checked.be.