INVESTICON: 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.
INVESTICON
Largest movements
- Receivables within one year -€5,971
down €5,971 (-2.2%), from €268,991 to €263,019
of which Other amounts receivable: -€15,828
- Debts after one year -€24,926
down €24,926 (-23.6%), from €105,473 to €80,546
- Other debts +€10,318
up €10,318 (+2.6%), from €396,022 to €406,340
- Gross operating margin +€2,440
up €2,440 (+46.4%), from €5,263 to €7,703
- Financial charges +€831
up €831 (+39.7%), from €2,092 to €2,922
- Other operating charges +€584
up €584 (+61.1%), from €955 to €1,540
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 | €533,684 | €524,526 | -€9,158 | -1.7% |
| Fixed assets | 21/28 | €264,015 | €260,531 | -€3,484 | -1.3% |
| Tangible fixed assets | 22/27 | €132,403 | €128,616 | -€3,788 | -2.9% |
| Land and buildings | 22 | €132,403 | €128,616 | -€3,788 | -2.9% |
| Financial fixed assets | 28 | €131,612 | €131,916 | +€304 | +0.2% |
| Current assets | 29/58 | €269,669 | €263,995 | -€5,674 | -2.1% |
| Amounts receivable within one year | 40/41 | €268,991 | €263,019 | -€5,971 | -2.2% |
| Trade receivables | 40 | €33,444 | €43,301 | +€9,856 | +29.5% |
| Other amounts receivable | 41 | €235,546 | €219,719 | -€15,828 | -6.7% |
| Cash at bank and in hand | 54/58 | €678 | €450 | -€228 | -33.6% |
| Deferred charges and accrued income | 490/1 | - | €525 | +€525 | |
| Total equity and liabilities | 10/49 | €533,684 | €524,526 | -€9,158 | -1.7% |
| Equity | 10/15 | -€20,058 | -€20,605 | -€547 | -2.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €135 | €135 | = | 0.0% |
| Distributable reserves | 133 | €135 | €135 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,193 | -€25,740 | -€547 | -2.2% |
| Amounts payable | 17/49 | €553,742 | €545,131 | -€8,611 | -1.6% |
| Amounts payable after more than one year | 17 | €105,473 | €80,546 | -€24,926 | -23.6% |
| Financial debts | 170/4 | €105,473 | €80,546 | -€24,926 | -23.6% |
| Amounts payable within one year | 42/48 | €448,270 | €464,585 | +€16,315 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €24,362 | €24,926 | +€564 | +2.3% |
| Trade debts | 44 | €27,886 | €32,965 | +€5,080 | +18.2% |
| Suppliers | 440/4 | €27,886 | €32,965 | +€5,080 | +18.2% |
| Taxes, remuneration and social security | 45 | - | €353 | +€353 | |
| Taxes | 450/3 | - | €353 | +€353 | |
| Other amounts payable | 47/48 | €396,022 | €406,340 | +€10,318 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,788 | €3,788 | = | 0.0% |
| Other operating charges | 640/8 | €955 | €1,540 | +€584 | +61.1% |
| Gross operating margin | 9900 | €5,263 | €7,703 | +€2,440 | +46.4% |
| Operating profit (loss) | 9901 | €520 | €2,375 | +€1,855 | +357% |
| Financial charges | 65/66B | €2,092 | €2,922 | +€831 | +39.7% |
| Recurring financial charges | 65 | €2,092 | €2,922 | +€831 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,572 | -€547 | +€1,025 | +65.2% |
| Profit (loss) for the period | 9904 | -€1,572 | -€547 | +€1,025 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,572 | -€547 | +€1,025 | +65.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.