INVESTIS: 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.
INVESTIS
Largest movements
- Cash -€509,645
down €509,645 (-69.7%), from €731,613 to €221,967
mainly Current investments (-€500,000) and Receivables within one year (-€11,994)
- Current investments +€500,000
up €500,000 (+50.0%), from €1.0m to €1.5m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€20,193
up €20,193 (+113%), from €17,797 to €37,991
- Financial charges -€4,391
down €4,391 (-99.1%), from €4,430 to €39
- Gross operating margin -€859
down €859 (-2.3%), from -€37,278 to -€38,136
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 | €2,669,543 | €2,669,111 | -€432 | 0.0% |
| Fixed assets | 21/28 | €782,790 | €780,000 | -€2,790 | -0.4% |
| Tangible fixed assets | 22/27 | €780,290 | €780,000 | -€290 | 0.0% |
| Land and buildings | 22 | €780,000 | €780,000 | = | 0.0% |
| Furniture and vehicles | 24 | €290 | €0 | -€290 | -100% |
| Financial fixed assets | 28 | €2,500 | €0 | -€2,500 | -100% |
| Current assets | 29/58 | €1,886,753 | €1,889,111 | +€2,358 | +0.1% |
| Amounts receivable within one year | 40/41 | €154,524 | €166,517 | +€11,994 | +7.8% |
| Trade receivables | 40 | €135,447 | €137,372 | +€1,925 | +1.4% |
| Other amounts receivable | 41 | €19,076 | €29,145 | +€10,069 | +52.8% |
| Current investments | 50/53 | €1,000,143 | €1,500,143 | +€500,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €731,613 | €221,967 | -€509,645 | -69.7% |
| Deferred charges and accrued income | 490/1 | €474 | €484 | +€10 | +2.1% |
| Total equity and liabilities | 10/49 | €2,669,543 | €2,669,111 | -€432 | 0.0% |
| Equity | 10/15 | €2,358,274 | €2,356,220 | -€2,054 | -0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,310,927 | €2,310,927 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €625,363 | €625,363 | = | 0.0% |
| Distributable reserves | 133 | €1,685,564 | €1,685,564 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,755 | €26,701 | -€2,054 | -7.1% |
| Provisions and deferred taxes | 16 | €208,454 | €208,454 | = | 0.0% |
| Deferred taxes | 168 | €208,454 | €208,454 | = | 0.0% |
| Amounts payable | 17/49 | €102,815 | €104,437 | +€1,622 | +1.6% |
| Amounts payable within one year | 42/48 | €102,815 | €104,437 | +€1,622 | +1.6% |
| Trade debts | 44 | €1,622 | €3,244 | +€1,622 | +100% |
| Suppliers | 440/4 | €1,622 | €3,244 | +€1,622 | +100% |
| Advances received on contracts in progress | 46 | €100,000 | €100,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,193 | €1,193 | = | 0.0% |
| Taxes | 450/3 | €1,193 | €1,193 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €464 | €290 | -€174 | -37.5% |
| Other operating charges | 640/8 | €1,536 | €1,579 | +€43 | +2.8% |
| Gross operating margin | 9900 | -€37,278 | -€38,136 | -€859 | -2.3% |
| Operating profit (loss) | 9901 | -€39,277 | -€40,005 | -€728 | -1.9% |
| Financial income | 75/76B | €17,797 | €37,991 | +€20,193 | +113% |
| Recurring financial income | 75 | €17,797 | €37,991 | +€20,193 | +113% |
| Financial charges | 65/66B | €4,430 | €39 | -€4,391 | -99.1% |
| Recurring financial charges | 65 | €4,430 | €39 | -€4,391 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,910 | -€2,054 | +€23,856 | +92.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€25,910 | -€2,054 | +€23,856 | +92.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,910 | -€2,054 | +€23,856 | +92.1% |
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 17 October 2026 via checked.be.