Investimento: 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.
Investimento
Largest movements
- Receivables after one year +€115,000
up €115,000, from €0 to €115,000
- Current investments -€92,006
down €92,006 (-100.0%), from €92,016 to €10
- Financial fixed assets -€45,800
down €45,800 (-21.8%), from €210,001 to €164,201
- Tangible fixed assets -€22,353
down €22,353 (-9.9%), from €226,472 to €204,119
of which Leasing and similar rights: -€13,319
- Debts after one year -€31,846
down €31,846 (-15.3%), from €208,753 to €176,907
- Short-term financial debts -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Other debts +€19,532
up €19,532 (+52.2%), from €37,439 to €56,971
- Reserves -€8,117
down €8,117 (-5.2%), from €157,401 to €149,283
- Financial charges -€28,086
down €28,086 (-54.5%), from €51,567 to €23,481
- Financial income -€6,416
down €6,416 (-18.4%), from €34,784 to €28,368
- Gross operating margin -€713
down €713 (-5.7%), from €12,575 to €11,862
- Depreciation -€698
down €698 (-3.0%), from €23,051 to €22,353
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 | €548,566 | €502,714 | -€45,852 | -8.4% |
| Fixed assets | 21/28 | €436,473 | €368,320 | -€68,153 | -15.6% |
| Tangible fixed assets | 22/27 | €226,472 | €204,119 | -€22,353 | -9.9% |
| Land and buildings | 22 | €179,972 | €173,384 | -€6,588 | -3.7% |
| Plant, machinery and equipment | 23 | €654 | €112 | -€542 | -82.9% |
| Furniture and vehicles | 24 | €7,037 | €5,134 | -€1,904 | -27.1% |
| Leasing and similar rights | 25 | €38,810 | €25,491 | -€13,319 | -34.3% |
| Financial fixed assets | 28 | €210,001 | €164,201 | -€45,800 | -21.8% |
| Current assets | 29/58 | €112,093 | €134,393 | +€22,300 | +19.9% |
| Amounts receivable after more than one year | 29 | €0 | €115,000 | +€115,000 | |
| Other amounts receivable | 291 | €0 | €115,000 | +€115,000 | |
| Amounts receivable within one year | 40/41 | €17,324 | €12,365 | -€4,960 | -28.6% |
| Trade receivables | 40 | €11,830 | €6,439 | -€5,391 | -45.6% |
| Other amounts receivable | 41 | €5,495 | €5,926 | +€431 | +7.9% |
| Current investments | 50/53 | €92,016 | €10 | -€92,006 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €3,985 | +€3,985 | |
| Deferred charges and accrued income | 490/1 | €2,753 | €3,034 | +€281 | +10.2% |
| Total equity and liabilities | 10/49 | €548,566 | €502,714 | -€45,852 | -8.4% |
| Equity | 10/15 | €182,401 | €174,283 | -€8,117 | -4.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €157,401 | €149,283 | -€8,117 | -5.2% |
| Distributable reserves | 133 | €157,401 | €149,283 | -€8,117 | -5.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €366,165 | €328,430 | -€37,735 | -10.3% |
| Amounts payable after more than one year | 17 | €208,753 | €176,907 | -€31,846 | -15.3% |
| Financial debts | 170/4 | €208,753 | €176,907 | -€31,846 | -15.3% |
| Amounts payable within one year | 42/48 | €154,659 | €150,061 | -€4,599 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €32,949 | €31,846 | -€1,103 | -3.3% |
| Financial debts | 43 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Credit institutions | 430/8 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Trade debts | 44 | €1,641 | €3,556 | +€1,914 | +117% |
| Suppliers | 440/4 | €1,641 | €3,556 | +€1,914 | +117% |
| Taxes, remuneration and social security | 45 | €7,630 | €7,688 | +€58 | +0.8% |
| Taxes | 450/3 | €4,980 | €5,038 | +€58 | +1.2% |
| Remuneration and social security | 454/9 | €2,650 | €2,650 | = | 0.0% |
| Other amounts payable | 47/48 | €37,439 | €56,971 | +€19,532 | +52.2% |
| Accrued charges and deferred income | 492/3 | €2,753 | €1,463 | -€1,290 | -46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,051 | €22,353 | -€698 | -3.0% |
| Other operating charges | 640/8 | €2,312 | €2,309 | -€3 | -0.1% |
| Non-recurring operating charges | 66A | €12,561 | €0 | -€12,561 | -100% |
| Gross operating margin | 9900 | €12,575 | €11,862 | -€713 | -5.7% |
| Operating profit (loss) | 9901 | -€25,349 | -€12,799 | +€12,550 | +49.5% |
| Financial income | 75/76B | €34,784 | €28,368 | -€6,416 | -18.4% |
| Recurring financial income | 75 | €34,784 | €28,368 | -€6,416 | -18.4% |
| Financial charges | 65/66B | €51,567 | €23,481 | -€28,086 | -54.5% |
| Recurring financial charges | 65 | €51,567 | €23,481 | -€28,086 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | -€42,131 | -€7,911 | +€34,220 | +81.2% |
| Income taxes | 67/77 | €276 | €206 | -€70 | -25.3% |
| Profit (loss) for the period | 9904 | -€42,407 | -€8,117 | +€34,289 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,407 | -€8,117 | +€34,289 | +80.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.