INVESTIMM: 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.
INVESTIMM
Largest movements
- Cash -€134,173
down €134,173 (-100.0%), from €134,226 to €53
mainly Other debts (-€102,746) and Investment in fixed assets (net) (-€39,194)
- Tangible fixed assets +€25,095
up €25,095 (+6.2%), from €402,080 to €427,175
- Other debts -€102,746
down €102,746 (-32.0%), from €320,993 to €218,247
- Reserves -€5,954
down €5,954 (-3.4%), from €176,397 to €170,443
of which Tax-exempt reserves: -€5,954
- Financial income -€238,161
no longer reported in 2024 (was €238,161)
of which Financial income: -€238,161
- Depreciation +€9,026
up €9,026 (+178%), from €5,073 to €14,099
- Gross operating margin +€8,592
up €8,592, from -€2,149 to €6,443
- Other operating charges -€3,867
down €3,867 (-67.1%), from €5,766 to €1,898
- Financial charges -€2,630
down €2,630 (-98.3%), from €2,675 to €45
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €536,358 | €427,227 | -€109,131 | -20.3% |
| Fixed assets | 21/28 | €402,080 | €427,175 | +€25,095 | +6.2% |
| Tangible fixed assets | 22/27 | €402,080 | €427,175 | +€25,095 | +6.2% |
| Land and buildings | 22 | €402,080 | €427,175 | +€25,095 | +6.2% |
| Current assets | 29/58 | €134,279 | €53 | -€134,226 | -100.0% |
| Amounts receivable within one year | 40/41 | €53 | - | -€53 | |
| Other amounts receivable | 41 | €53 | - | -€53 | |
| Cash at bank and in hand | 54/58 | €134,226 | €53 | -€134,173 | -100.0% |
| Total equity and liabilities | 10/49 | €536,358 | €427,227 | -€109,131 | -20.3% |
| Equity | 10/15 | €156,282 | €148,667 | -€7,615 | -4.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €176,397 | €170,443 | -€5,954 | -3.4% |
| Tax-exempt reserves | 132 | €176,272 | €170,318 | -€5,954 | -3.4% |
| Distributable reserves | 133 | €125 | €125 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,708 | -€40,368 | -€1,661 | -4.3% |
| Provisions and deferred taxes | 16 | €58,757 | €56,773 | -€1,985 | -3.4% |
| Deferred taxes | 168 | €58,757 | €56,773 | -€1,985 | -3.4% |
| Amounts payable | 17/49 | €321,319 | €221,787 | -€99,532 | -31.0% |
| Amounts payable within one year | 42/48 | €321,319 | €221,787 | -€99,532 | -31.0% |
| Trade debts | 44 | €326 | €3,540 | +€3,214 | +986% |
| Suppliers | 440/4 | €326 | €3,540 | +€3,214 | +986% |
| Other amounts payable | 47/48 | €320,993 | €218,247 | -€102,746 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,073 | €14,099 | +€9,026 | +178% |
| Other operating charges | 640/8 | €5,766 | €1,898 | -€3,867 | -67.1% |
| Gross operating margin | 9900 | -€2,149 | €6,443 | +€8,592 | |
| Operating profit (loss) | 9901 | -€12,988 | -€9,554 | +€3,433 | +26.4% |
| Financial income | 75/76B | €238,161 | - | -€238,161 | |
| Recurring financial income | 75 | €238,161 | - | -€238,161 | |
| Non-recurring financial income | 76B | €238,161 | - | -€238,161 | |
| Financial charges | 65/66B | €2,675 | €45 | -€2,630 | -98.3% |
| Recurring financial charges | 65 | €2,675 | €45 | -€2,630 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | €222,498 | -€9,599 | -€232,097 | |
| Transfer from deferred taxes | 780 | €783 | €1,985 | +€1,202 | +153% |
| Transfer to deferred taxes | 680 | €59,540 | - | -€59,540 | |
| Profit (loss) for the period | 9904 | €163,741 | -€7,615 | -€171,355 | |
| Transfer from tax-exempt reserves | 789 | €2,349 | €5,954 | +€3,605 | +153% |
| Transfer to tax-exempt reserves | 689 | €178,621 | - | -€178,621 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,531 | -€1,661 | +€10,871 | +86.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.