INVESTIMOB: 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.
INVESTIMOB
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+706%), from €216,276 to €1.7m
of which Land and buildings: +€1.5m
- Cash +€1.2m
up €1.2m (+1,593%), from €73,982 to €1.3m
mainly Contributions, distributions and other (+€1.2m) and Debts after one year (+€997,883)
- Receivables within one year -€154,712
down €154,712 (-57.4%), from €269,487 to €114,775
of which Other amounts receivable: -€188,568
- Reserves +€1.3m
up €1.3m (+6,693%), from €18,796 to €1.3m
of which Tax-exempt reserves: +€1.3m
- Debts after one year +€997,883
up €997,883 (+90,717%), from €1,100 to €998,983
of which Financial debts: +€997,883
- Provisions +€417,121
new in 2025: €417,121
- Profit (loss) carried forward -€241,918
down €241,918, from €115,272 to -€126,647
- Current portion of long-term debt +€60,777
new in 2025: €60,777
- Depreciation +€90,168
up €90,168 (+821%), from €10,986 to €101,154
- Gross operating margin -€52,211
down €52,211, from €49,412 to -€2,798
- Other operating charges +€10,810
up €10,810 (+63.2%), from €17,110 to €27,920
- Taxes -€6,713
down €6,713 (-89.5%), from €7,502 to €789
- Financial charges +€6,708
up €6,708 (+368%), from €1,822 to €8,530
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 | €574,295 | €3,121,316 | +€2.5m | +444% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €216,276 | €1,745,847 | +€1.5m | +707% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €216,276 | €1,743,447 | +€1.5m | +706% |
| Land and buildings | 22 | €195,498 | €1,699,980 | +€1.5m | +770% |
| Furniture and vehicles | 24 | €20,778 | €43,467 | +€22,689 | +109% |
| Financial fixed assets | 28 | - | €2,400 | +€2,400 | |
| Current assets | 29/58 | €358,019 | €1,375,469 | +€1.0m | +284% |
| Amounts receivable within one year | 40/41 | €269,487 | €114,775 | -€154,712 | -57.4% |
| Trade receivables | 40 | €0 | €33,855 | +€33,855 | |
| Other amounts receivable | 41 | €269,487 | €80,920 | -€188,568 | -70.0% |
| Cash at bank and in hand | 54/58 | €73,982 | €1,252,287 | +€1.2m | +1,593% |
| Deferred charges and accrued income | 490/1 | €14,550 | €8,407 | -€6,143 | -42.2% |
| Total equity and liabilities | 10/49 | €574,295 | €3,121,316 | +€2.5m | +444% |
| Equity | 10/15 | €333,621 | €1,389,644 | +€1.1m | +317% |
| Contributions | 10/11 | €199,554 | €239,554 | +€40,000 | +20.0% |
| Capital | 10 | €199,554 | €239,554 | +€40,000 | +20.0% |
| Issued capital | 100 | €199,554 | €239,554 | +€40,000 | +20.0% |
| Reserves | 13 | €18,796 | €1,276,736 | +€1.3m | +6,693% |
| Non-distributable reserves | 130/1 | €18,796 | €25,373 | +€6,577 | +35.0% |
| Legal reserve | 130 | €18,796 | €18,796 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €6,577 | +€6,577 | |
| Tax-exempt reserves | 132 | - | €1,251,364 | +€1.3m | |
| Profit (loss) carried forward | 14 | €115,272 | -€126,647 | -€241,918 | |
| Provisions and deferred taxes | 16 | - | €417,121 | +€417,121 | |
| Deferred taxes | 168 | - | €417,121 | +€417,121 | |
| Amounts payable | 17/49 | €240,674 | €1,314,551 | +€1.1m | +446% |
| Amounts payable after more than one year | 17 | €1,100 | €998,983 | +€997,883 | +90,717% |
| Financial debts | 170/4 | - | €997,883 | +€997,883 | |
| Other amounts payable | 178/9 | €1,100 | €1,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €239,574 | €315,568 | +€75,994 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | - | €60,777 | +€60,777 | |
| Trade debts | 44 | €32,025 | €16,626 | -€15,399 | -48.1% |
| Suppliers | 440/4 | €32,025 | €16,626 | -€15,399 | -48.1% |
| Taxes, remuneration and social security | 45 | €7,803 | €789 | -€7,014 | -89.9% |
| Taxes | 450/3 | €7,803 | €789 | -€7,014 | -89.9% |
| Other amounts payable | 47/48 | €199,745 | €237,376 | +€37,631 | +18.8% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,986 | €101,154 | +€90,168 | +821% |
| Other operating charges | 640/8 | €17,110 | €27,920 | +€10,810 | +63.2% |
| Gross operating margin | 9900 | €49,412 | -€2,798 | -€52,211 | |
| Operating profit (loss) | 9901 | €21,317 | -€131,872 | -€153,189 | |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €1,822 | €8,530 | +€6,708 | +368% |
| Recurring financial charges | 65 | €1,822 | €8,530 | +€6,708 | +368% |
| Profit (loss) for the period before taxes | 9903 | €19,495 | -€140,401 | -€159,896 | |
| Income taxes | 67/77 | €7,502 | €789 | -€6,713 | -89.5% |
| Profit (loss) for the period | 9904 | €11,993 | -€141,190 | -€153,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,993 | -€141,190 | -€153,184 |
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 30 October 2026 via checked.be.