Investerra: 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.
Investerra
Largest movements
- Tangible fixed assets -€19,395
down €19,395 (-2.6%), from €758,654 to €739,259
of which Land and buildings: -€19,395
- Cash -€11,985
down €11,985 (-70.8%), from €16,931 to €4,947
mainly Debts after one year (-€25,531) and Other debts (-€7,491)
- Debts after one year -€25,531
down €25,531 (-5.4%), from €473,830 to €448,299
- Gross operating margin +€8,355
up €8,355 (+25.0%), from €33,382 to €41,737
- Other operating charges +€1,648
up €1,648 (+312%), from €528 to €2,176
- Depreciation +€817
up €817 (+3.7%), from €21,998 to €22,815
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €781,435 | €749,799 | -€31,636 | -4.0% |
| Fixed assets | 21/28 | €758,654 | €739,259 | -€19,395 | -2.6% |
| Tangible fixed assets | 22/27 | €758,654 | €739,259 | -€19,395 | -2.6% |
| Land and buildings | 22 | €758,654 | €739,259 | -€19,395 | -2.6% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €22,782 | €10,541 | -€12,241 | -53.7% |
| Amounts receivable within one year | 40/41 | €5,391 | €5,391 | = | 0.0% |
| Trade receivables | 40 | €5,391 | €5,391 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,931 | €4,947 | -€11,985 | -70.8% |
| Deferred charges and accrued income | 490/1 | €460 | €204 | -€256 | -55.7% |
| Total equity and liabilities | 10/49 | €781,435 | €749,799 | -€31,636 | -4.0% |
| Equity | 10/15 | €51,630 | €52,486 | +€856 | +1.7% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,370 | -€37,514 | +€856 | +2.2% |
| Amounts payable | 17/49 | €729,806 | €697,313 | -€32,492 | -4.5% |
| Amounts payable after more than one year | 17 | €473,830 | €448,299 | -€25,531 | -5.4% |
| Financial debts | 170/4 | €473,830 | €448,299 | -€25,531 | -5.4% |
| Amounts payable within one year | 42/48 | €251,783 | €243,926 | -€7,857 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €25,136 | €25,531 | +€394 | +1.6% |
| Trade debts | 44 | €835 | €0 | -€835 | -100% |
| Suppliers | 440/4 | €835 | €0 | -€835 | -100% |
| Taxes, remuneration and social security | 45 | €4,022 | €4,098 | +€75 | +1.9% |
| Taxes | 450/3 | €4,022 | €4,098 | +€75 | +1.9% |
| Other amounts payable | 47/48 | €221,789 | €214,298 | -€7,491 | -3.4% |
| Accrued charges and deferred income | 492/3 | €4,193 | €5,088 | +€895 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,998 | €22,815 | +€817 | +3.7% |
| Other operating charges | 640/8 | €528 | €2,176 | +€1,648 | +312% |
| Gross operating margin | 9900 | €33,382 | €41,737 | +€8,355 | +25.0% |
| Operating profit (loss) | 9901 | €10,857 | €16,747 | +€5,890 | +54.3% |
| Financial charges | 65/66B | €15,528 | €15,891 | +€363 | +2.3% |
| Recurring financial charges | 65 | €15,528 | €15,891 | +€363 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,671 | €856 | +€5,527 | |
| Profit (loss) for the period | 9904 | -€4,671 | €856 | +€5,527 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,671 | €856 | +€5,527 |
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 18 October 2026 via checked.be.