INVESTITMAR: what changed
Two fiscal 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.
INVESTITMAR
Largest movements
- Tangible fixed assets -€3,474
down €3,474 (-3.3%), from €105,378 to €101,904
- Profit (loss) carried forward -€13,320
down €13,320 (-36.4%), from -€36,625 to -€49,945
- Other debts +€11,600
up €11,600 (+15.8%), from €73,566 to €85,166
- Debts after one year -€2,269
down €2,269 (-3.5%), from €64,628 to €62,360
- Gross operating margin +€8,267
up €8,267 (+59.6%), from -€13,873 to -€5,606
- Other operating charges +€799
new in 2025: €799
- Financial charges -€141
down €141 (-3.9%), from €3,582 to €3,440
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.
Cash bridge derived
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 | €106,725 | €102,849 | -€3,876 | -3.6% |
| Fixed assets | 21/28 | €105,378 | €101,904 | -€3,474 | -3.3% |
| Tangible fixed assets | 22/27 | €105,378 | €101,904 | -€3,474 | -3.3% |
| Land and buildings | 22 | €105,378 | €101,904 | -€3,474 | -3.3% |
| Current assets | 29/58 | €1,348 | €945 | -€402 | -29.9% |
| Amounts receivable within one year | 40/41 | €678 | - | -€678 | |
| Trade receivables | 40 | €678 | - | -€678 | |
| Cash at bank and in hand | 54/58 | €670 | €945 | +€276 | +41.2% |
| Total equity and liabilities | 10/49 | €106,725 | €102,849 | -€3,876 | -3.6% |
| Equity | 10/15 | -€33,625 | -€46,945 | -€13,320 | -39.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,625 | -€49,945 | -€13,320 | -36.4% |
| Amounts payable | 17/49 | €140,351 | €149,795 | +€9,444 | +6.7% |
| Amounts payable after more than one year | 17 | €64,628 | €62,360 | -€2,269 | -3.5% |
| Financial debts | 170/4 | €64,628 | €62,360 | -€2,269 | -3.5% |
| Amounts payable within one year | 42/48 | €75,723 | €87,435 | +€11,712 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €2,156 | €2,269 | +€112 | +5.2% |
| Other amounts payable | 47/48 | €73,566 | €85,166 | +€11,600 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,410 | €3,474 | +€64 | +1.9% |
| Other operating charges | 640/8 | - | €799 | +€799 | |
| Gross operating margin | 9900 | -€13,873 | -€5,606 | +€8,267 | +59.6% |
| Operating profit (loss) | 9901 | -€17,283 | -€9,880 | +€7,403 | +42.8% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €3,582 | €3,440 | -€141 | -3.9% |
| Recurring financial charges | 65 | €3,582 | €3,440 | -€141 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,850 | -€13,320 | +€7,530 | +36.1% |
| Profit (loss) for the period | 9904 | -€20,850 | -€13,320 | +€7,530 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,850 | -€13,320 | +€7,530 | +36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.