INVESTERA: 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.
What changed
INVESTERA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€418,509
2024 · €320,137+€98,372
Equity
€3.1m
2024 · €2.6m+€418,509
Cash
€10,401
2024 · €106,998-€96,597
Balance sheet total
€10.6m
2024 · €10.5m+€63,405
Largest movements
Assets
- Receivables within one year +€362,514
up €362,514 (+4.7%), from €7.7m to €8.1m
of which Trade receivables: +€212,514
- Tangible fixed assets -€202,511
down €202,511 (-7.5%), from €2.7m to €2.5m
Equity and liabilities
- Profit (loss) carried forward +€418,509
up €418,509 (+29.8%), from €1.4m to €1.8m
- Debts after one year -€307,692
down €307,692 (-4.3%), from €7.1m to €6.8m
Income statement
- Gross operating margin +€223,817
up €223,817 (+33.4%), from €669,551 to €893,368
- Financial income -€103,025
down €103,025 (-29.3%), from €351,665 to €248,640
- Taxes +€33,359
up €33,359 (+31.3%), from €106,712 to €140,071
- Financial charges -€11,864
down €11,864 (-3.4%), from €349,287 to €337,422
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.
Result 2024
€320,137
Gross operating margin
+€223,817
Other operating charges
-€35
Other operating items
-€892
Financial income
-€103,025
Financial charges
+€11,864
Taxes
-€33,359
Result 2025
€418,509
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€302,747
Investment
€0
Financing
-€399,344
Cash 2024
€106,998
From operations (derived)
+€302,747
Net result for the year
+€418,509
Depreciation
+€202,511
Receivables within one year
-€362,514
Provisions
-€5,057
Trade debts
-€337
Tax, wage and social debts
+€40,035
Accrued charges and deferred income
+€9,600
Financing
-€399,344
Debts after one year
-€307,692
Current portion of long-term debt
-€91,652
Cash 2025
€10,401
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,531,332 | €10,594,738 | +€63,405 | +0.6% |
| Fixed assets | 21/28 | €2,715,406 | €2,512,895 | -€202,511 | -7.5% |
| Tangible fixed assets | 22/27 | €2,715,316 | €2,512,806 | -€202,511 | -7.5% |
| Land and buildings | 22 | €2,715,316 | €2,512,806 | -€202,511 | -7.5% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €7,815,926 | €8,081,842 | +€265,916 | +3.4% |
| Amounts receivable within one year | 40/41 | €7,708,928 | €8,071,441 | +€362,514 | +4.7% |
| Trade receivables | 40 | €188,928 | €401,441 | +€212,514 | +112% |
| Other amounts receivable | 41 | €7,520,000 | €7,670,000 | +€150,000 | +2.0% |
| Cash at bank and in hand | 54/58 | €106,998 | €10,401 | -€96,597 | -90.3% |
| Total equity and liabilities | 10/49 | €10,531,332 | €10,594,738 | +€63,405 | +0.6% |
| Equity | 10/15 | €2,646,334 | €3,064,843 | +€418,509 | +15.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,179,363 | €1,179,363 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,173,163 | €1,173,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,404,971 | €1,823,480 | +€418,509 | +29.8% |
| Provisions and deferred taxes | 16 | €174,319 | €169,262 | -€5,057 | -2.9% |
| Provisions for liabilities and charges | 160/5 | €174,319 | €169,262 | -€5,057 | -2.9% |
| Environmental obligations | 163 | €174,319 | - | -€174,319 | |
| Other liabilities and charges | 164/5 | - | €169,262 | +€169,262 | |
| Amounts payable | 17/49 | €7,710,680 | €7,360,633 | -€350,046 | -4.5% |
| Amounts payable after more than one year | 17 | €7,076,924 | €6,769,232 | -€307,692 | -4.3% |
| Financial debts | 170/4 | €7,076,924 | €6,769,232 | -€307,692 | -4.3% |
| Amounts payable within one year | 42/48 | €424,520 | €372,566 | -€51,954 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €399,344 | €307,692 | -€91,652 | -23.0% |
| Trade debts | 44 | €25,140 | €24,803 | -€337 | -1.3% |
| Suppliers | 440/4 | €25,140 | €24,803 | -€337 | -1.3% |
| Taxes, remuneration and social security | 45 | €36 | €40,071 | +€40,035 | +112,364% |
| Taxes | 450/3 | €36 | €40,071 | +€40,035 | +112,364% |
| Accrued charges and deferred income | 492/3 | €209,236 | €218,835 | +€9,600 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,511 | €202,511 | = | 0.0% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Non-recurring operating charges | 66A | €41,460 | €42,353 | +€892 | +2.2% |
| Gross operating margin | 9900 | €669,551 | €893,368 | +€223,817 | +33.4% |
| Operating profit (loss) | 9901 | €424,472 | €647,362 | +€222,891 | +52.5% |
| Financial income | 75/76B | €351,665 | €248,640 | -€103,025 | -29.3% |
| Recurring financial income | 75 | €351,665 | €248,640 | -€103,025 | -29.3% |
| Financial charges | 65/66B | €349,287 | €337,422 | -€11,864 | -3.4% |
| Recurring financial charges | 65 | €349,287 | €337,422 | -€11,864 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €426,850 | €558,580 | +€131,730 | +30.9% |
| Income taxes | 67/77 | €106,712 | €140,071 | +€33,359 | +31.3% |
| Profit (loss) for the period | 9904 | €320,137 | €418,509 | +€98,372 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €320,137 | €418,509 | +€98,372 | +30.7% |
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 15 October 2026 via checked.be.