InvestLink: 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.
InvestLink
Largest movements
- Financial fixed assets +€3.9m
up €3.9m (+18.5%), from €21.3m to €25.3m
- Reserves +€4.9m
up €4.9m (+48.3%), from €10.1m to €15.0m
of which Distributable reserves: +€4.9m
- Debts after one year -€856,272
down €856,272 (-7.6%), from €11.3m to €10.4m
- Financial income +€3.3m
up €3.3m (+104%), from €3.1m to €6.4m
of which Non-recurring financial income: +€3.2m
- Financial charges +€1.4m
up €1.4m (+14,878%), from €9,489 to €1.4m
of which Non-recurring financial charges: +€1.4m
- Gross operating margin +€128,536
up €128,536 (+55.9%), from -€229,914 to -€101,378
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 | €21,552,668 | €25,584,183 | +€4.0m | +18.7% |
| Fixed assets | 21/28 | €21,324,760 | €25,269,884 | +€3.9m | +18.5% |
| Financial fixed assets | 28 | €21,324,760 | €25,269,884 | +€3.9m | +18.5% |
| Current assets | 29/58 | €227,909 | €314,300 | +€86,391 | +37.9% |
| Amounts receivable within one year | 40/41 | €76,780 | €104,630 | +€27,850 | +36.3% |
| Trade receivables | 40 | €39,325 | €31,763 | -€7,563 | -19.2% |
| Other amounts receivable | 41 | €37,455 | €72,867 | +€35,412 | +94.5% |
| Cash at bank and in hand | 54/58 | €34,501 | €73,747 | +€39,246 | +114% |
| Deferred charges and accrued income | 490/1 | €116,627 | €135,922 | +€19,295 | +16.5% |
| Total equity and liabilities | 10/49 | €21,552,668 | €25,584,183 | +€4.0m | +18.7% |
| Equity | 10/15 | €10,214,859 | €15,103,962 | +€4.9m | +47.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,114,859 | €15,003,962 | +€4.9m | +48.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,104,859 | €14,993,962 | +€4.9m | +48.4% |
| Amounts payable | 17/49 | €11,337,809 | €10,480,221 | -€857,588 | -7.6% |
| Amounts payable after more than one year | 17 | €11,281,942 | €10,425,671 | -€856,272 | -7.6% |
| Financial debts | 170/4 | €11,281,942 | €10,425,671 | -€856,272 | -7.6% |
| Amounts payable within one year | 42/48 | €55,867 | €54,550 | -€1,316 | -2.4% |
| Trade debts | 44 | €53,372 | €54,550 | +€1,178 | +2.2% |
| Suppliers | 440/4 | €53,372 | €54,550 | +€1,178 | +2.2% |
| Taxes, remuneration and social security | 45 | €2,494 | - | -€2,494 | |
| Taxes | 450/3 | €2,494 | - | -€2,494 | |
| Other operating charges | 640/8 | €1,171 | €1,375 | +€204 | +17.4% |
| Gross operating margin | 9900 | -€229,914 | -€101,378 | +€128,536 | +55.9% |
| Operating profit (loss) | 9901 | -€231,085 | -€102,753 | +€128,332 | +55.5% |
| Financial income | 75/76B | €3,141,372 | €6,413,133 | +€3.3m | +104% |
| Recurring financial income | 75 | €193,567 | €295,859 | +€102,292 | +52.8% |
| Non-recurring financial income | 76B | €2,947,805 | €6,117,274 | +€3.2m | +108% |
| Financial charges | 65/66B | €9,489 | €1,421,277 | +€1.4m | +14,878% |
| Recurring financial charges | 65 | €9,489 | €282 | -€9,207 | -97.0% |
| Non-recurring financial charges | 66B | - | €1,420,995 | +€1.4m | |
| Profit (loss) for the period before taxes | 9903 | €2,900,798 | €4,889,103 | +€2.0m | +68.5% |
| Profit (loss) for the period | 9904 | €2,900,798 | €4,889,103 | +€2.0m | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,900,798 | €4,889,103 | +€2.0m | +68.5% |
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 13 October 2026 via checked.be.