INVESTISSIMO: 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.
INVESTISSIMO
Largest movements
- Receivables within one year +€7,483
up €7,483 (+88.8%), from €8,430 to €15,913
of which Trade receivables: +€4,533
- Tangible fixed assets -€6,211
down €6,211 (-25.6%), from €24,278 to €18,067
of which Furniture and vehicles: -€4,755
- Cash -€6,197
down €6,197 (-98.4%), from €6,295 to €99
mainly Other debts (-€15,624) and Receivables within one year (-€7,483)
- Financial fixed assets -€4,687
no longer reported in 2025 (was €4,687)
- Other debts -€15,624
down €15,624 (-2.4%), from €642,913 to €627,289
- Profit (loss) carried forward +€7,812
up €7,812 (+1.2%), from -€630,625 to -€622,813
- Trade debts -€6,390
down €6,390 (-56.5%), from €11,308 to €4,919
- Short-term financial debts +€4,681
new in 2025: €4,681
- Financial charges -€4,021
down €4,021 (-85.6%), from €4,699 to €679
- Depreciation +€2,027
up €2,027 (+48.4%), from €4,185 to €6,211
- Gross operating margin +€1,504
up €1,504 (+10.7%), from €14,036 to €15,540
- Other operating charges +€214
up €214 (+47.5%), from €451 to €665
- Taxes -€185
down €185 (-51.2%), from €361 to €176
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 | €43,690 | €34,079 | -€9,611 | -22.0% |
| Fixed assets | 21/28 | €28,965 | €18,067 | -€10,898 | -37.6% |
| Tangible fixed assets | 22/27 | €24,278 | €18,067 | -€6,211 | -25.6% |
| Plant, machinery and equipment | 23 | €4,155 | €2,699 | -€1,457 | -35.1% |
| Furniture and vehicles | 24 | €20,123 | €15,368 | -€4,755 | -23.6% |
| Financial fixed assets | 28 | €4,687 | - | -€4,687 | |
| Current assets | 29/58 | €14,725 | €16,012 | +€1,287 | +8.7% |
| Amounts receivable within one year | 40/41 | €8,430 | €15,913 | +€7,483 | +88.8% |
| Trade receivables | 40 | €820 | €5,353 | +€4,533 | +553% |
| Other amounts receivable | 41 | €7,610 | €10,560 | +€2,950 | +38.8% |
| Cash at bank and in hand | 54/58 | €6,295 | €99 | -€6,197 | -98.4% |
| Total equity and liabilities | 10/49 | €43,690 | €34,079 | -€9,611 | -22.0% |
| Equity | 10/15 | -€612,033 | -€604,221 | +€7,812 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€630,625 | -€622,813 | +€7,812 | +1.2% |
| Amounts payable | 17/49 | €655,723 | €638,300 | -€17,423 | -2.7% |
| Amounts payable within one year | 42/48 | €655,723 | €638,300 | -€17,423 | -2.7% |
| Financial debts | 43 | - | €4,681 | +€4,681 | |
| Credit institutions | 430/8 | - | €4,681 | +€4,681 | |
| Trade debts | 44 | €11,308 | €4,919 | -€6,390 | -56.5% |
| Suppliers | 440/4 | €11,308 | €4,919 | -€6,390 | -56.5% |
| Taxes, remuneration and social security | 45 | €1,502 | €1,412 | -€90 | -6.0% |
| Taxes | 450/3 | €1,502 | €1,412 | -€90 | -6.0% |
| Other amounts payable | 47/48 | €642,913 | €627,289 | -€15,624 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,185 | €6,211 | +€2,027 | +48.4% |
| Other operating charges | 640/8 | €451 | €665 | +€214 | +47.5% |
| Gross operating margin | 9900 | €14,036 | €15,540 | +€1,504 | +10.7% |
| Operating profit (loss) | 9901 | €9,401 | €8,663 | -€737 | -7.8% |
| Financial income | 75/76B | €117 | €3 | -€114 | -97.5% |
| Recurring financial income | 75 | €117 | €3 | -€114 | -97.5% |
| Financial charges | 65/66B | €4,699 | €679 | -€4,021 | -85.6% |
| Recurring financial charges | 65 | €4,699 | €679 | -€4,021 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | €4,818 | €7,988 | +€3,170 | +65.8% |
| Income taxes | 67/77 | €361 | €176 | -€185 | -51.2% |
| Profit (loss) for the period | 9904 | €4,457 | €7,812 | +€3,354 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,457 | €7,812 | +€3,354 | +75.3% |
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 19 October 2026 via checked.be.