INVESTIX: 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.
INVESTIX
Largest movements
- Tangible fixed assets -€275,917
down €275,917 (-6.9%), from €4.0m to €3.7m
of which Land and buildings: -€273,037
- Cash +€194,537
up €194,537 (+250%), from €77,724 to €272,261
mainly Depreciation (+€303,183) and Net result for the year (+€129,179)
- Receivables within one year -€71,395
down €71,395 (-9.7%), from €737,823 to €666,428
of which Other amounts receivable: -€80,984
- Debts after one year -€310,242
down €310,242 (-8.1%), from €3.8m to €3.5m
- Profit (loss) carried forward +€129,179
up €129,179 (+42.2%), from €305,959 to €435,138
- Gross operating margin -€214,214
down €214,214 (-24.1%), from €887,894 to €673,681
- Other operating charges +€74,977
up €74,977 (+55.5%), from €135,047 to €210,024
- Depreciation -€68,119
down €68,119 (-18.3%), from €371,302 to €303,183
- Write-downs -€67,798
new in 2025: -€67,798
- Taxes -€56,573
down €56,573 (-72.0%), from €78,569 to €21,996
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 | €4,934,817 | €4,797,215 | -€137,603 | -2.8% |
| Fixed assets | 21/28 | €4,023,631 | €3,747,714 | -€275,917 | -6.9% |
| Tangible fixed assets | 22/27 | €4,023,631 | €3,747,714 | -€275,917 | -6.9% |
| Land and buildings | 22 | €4,015,711 | €3,742,674 | -€273,037 | -6.8% |
| Furniture and vehicles | 24 | €7,920 | €5,040 | -€2,880 | -36.4% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Current assets | 29/58 | €911,186 | €1,049,500 | +€138,315 | +15.2% |
| Amounts receivable within one year | 40/41 | €737,823 | €666,428 | -€71,395 | -9.7% |
| Trade receivables | 40 | €81,314 | €90,903 | +€9,589 | +11.8% |
| Other amounts receivable | 41 | €656,509 | €575,525 | -€80,984 | -12.3% |
| Current investments | 50/53 | €87,202 | €87,621 | +€419 | +0.5% |
| Cash at bank and in hand | 54/58 | €77,724 | €272,261 | +€194,537 | +250% |
| Deferred charges and accrued income | 490/1 | €8,437 | €23,191 | +€14,754 | +175% |
| Total equity and liabilities | 10/49 | €4,934,817 | €4,797,215 | -€137,603 | -2.8% |
| Equity | 10/15 | €525,959 | €655,138 | +€129,179 | +24.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305,959 | €435,138 | +€129,179 | +42.2% |
| Amounts payable | 17/49 | €4,408,858 | €4,142,076 | -€266,782 | -6.1% |
| Amounts payable after more than one year | 17 | €3,829,828 | €3,519,587 | -€310,242 | -8.1% |
| Financial debts | 170/4 | €3,829,828 | €3,519,587 | -€310,242 | -8.1% |
| Amounts payable within one year | 42/48 | €454,440 | €469,432 | +€14,992 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €304,297 | €310,242 | +€5,945 | +2.0% |
| Trade debts | 44 | €98,645 | €128,700 | +€30,055 | +30.5% |
| Suppliers | 440/4 | €98,645 | €128,700 | +€30,055 | +30.5% |
| Taxes, remuneration and social security | 45 | €48,927 | €12,794 | -€36,134 | -73.9% |
| Taxes | 450/3 | €48,927 | €12,794 | -€36,134 | -73.9% |
| Other amounts payable | 47/48 | €2,571 | €17,696 | +€15,125 | +588% |
| Accrued charges and deferred income | 492/3 | €124,590 | €153,058 | +€28,468 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371,302 | €303,183 | -€68,119 | -18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€67,798 | -€67,798 | |
| Other operating charges | 640/8 | €135,047 | €210,024 | +€74,977 | +55.5% |
| Gross operating margin | 9900 | €887,894 | €673,681 | -€214,214 | -24.1% |
| Operating profit (loss) | 9901 | €381,545 | €228,272 | -€153,273 | -40.2% |
| Financial income | 75/76B | €306 | €968 | +€661 | +216% |
| Recurring financial income | 75 | €306 | €968 | +€661 | +216% |
| Financial charges | 65/66B | €105,377 | €78,064 | -€27,313 | -25.9% |
| Recurring financial charges | 65 | €105,377 | €78,064 | -€27,313 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €276,474 | €151,175 | -€125,299 | -45.3% |
| Income taxes | 67/77 | €78,569 | €21,996 | -€56,573 | -72.0% |
| Profit (loss) for the period | 9904 | €197,905 | €129,179 | -€68,725 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €197,905 | €129,179 | -€68,725 | -34.7% |
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 31 October 2026 via checked.be.