Investog: 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.
Investog
Largest movements
- Receivables within one year +€19,023
up €19,023 (+272%), from €6,992 to €26,015
of which Trade receivables: +€10,556
- Tangible fixed assets -€9,922
down €9,922 (-9.1%), from €109,550 to €99,628
- Reserves +€13,340
up €13,340 (+12.4%), from €107,655 to €120,995
of which Distributable reserves: +€13,340
- Other debts -€4,203
down €4,203 (-7.2%), from €58,744 to €54,541
- Trade debts -€3,149
down €3,149 (-95.0%), from €3,316 to €167
- Gross operating margin +€36,714
up €36,714, from -€1,807 to €34,907
- Financial income -€3,715
down €3,715 (-73.7%), from €5,042 to €1,326
- Taxes +€2,848
up €2,848 (+1,802%), from €158 to €3,006
- Financial charges +€1,116
up €1,116 (+19.5%), from €5,739 to €6,855
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 | €274,103 | €283,707 | +€9,604 | +3.5% |
| Fixed assets | 21/28 | €109,550 | €99,628 | -€9,922 | -9.1% |
| Tangible fixed assets | 22/27 | €109,550 | €99,628 | -€9,922 | -9.1% |
| Land and buildings | 22 | €109,550 | €99,628 | -€9,922 | -9.1% |
| Current assets | 29/58 | €164,553 | €184,078 | +€19,526 | +11.9% |
| Amounts receivable within one year | 40/41 | €6,992 | €26,015 | +€19,023 | +272% |
| Trade receivables | 40 | €1,950 | €12,506 | +€10,556 | +541% |
| Other amounts receivable | 41 | €5,042 | €13,509 | +€8,467 | +168% |
| Cash at bank and in hand | 54/58 | €155,513 | €156,522 | +€1,009 | +0.6% |
| Deferred charges and accrued income | 490/1 | €2,048 | €1,541 | -€507 | -24.7% |
| Total equity and liabilities | 10/49 | €274,103 | €283,707 | +€9,604 | +3.5% |
| Equity | 10/15 | €207,655 | €220,995 | +€13,340 | +6.4% |
| 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 | €107,655 | €120,995 | +€13,340 | +12.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €97,655 | €110,995 | +€13,340 | +13.7% |
| Amounts payable | 17/49 | €66,448 | €62,711 | -€3,737 | -5.6% |
| Amounts payable within one year | 42/48 | €62,060 | €56,846 | -€5,214 | -8.4% |
| Trade debts | 44 | €3,316 | €167 | -€3,149 | -95.0% |
| Suppliers | 440/4 | €3,316 | €167 | -€3,149 | -95.0% |
| Taxes, remuneration and social security | 45 | - | €2,138 | +€2,138 | |
| Taxes | 450/3 | - | €2,138 | +€2,138 | |
| Other amounts payable | 47/48 | €58,744 | €54,541 | -€4,203 | -7.2% |
| Accrued charges and deferred income | 492/3 | €4,388 | €5,866 | +€1,477 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,608 | €9,922 | +€314 | +3.3% |
| Other operating charges | 640/8 | €3,129 | €3,110 | -€19 | -0.6% |
| Gross operating margin | 9900 | -€1,807 | €34,907 | +€36,714 | |
| Operating profit (loss) | 9901 | -€14,543 | €21,875 | +€36,418 | |
| Financial income | 75/76B | €5,042 | €1,326 | -€3,715 | -73.7% |
| Recurring financial income | 75 | €5,042 | €1,326 | -€3,715 | -73.7% |
| Financial charges | 65/66B | €5,739 | €6,855 | +€1,116 | +19.5% |
| Recurring financial charges | 65 | €5,739 | €6,855 | +€1,116 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,240 | €16,346 | +€31,587 | |
| Income taxes | 67/77 | €158 | €3,006 | +€2,848 | +1,802% |
| Profit (loss) for the period | 9904 | -€15,398 | €13,340 | +€28,739 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,398 | €13,340 | +€28,739 |
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 28 October 2026 via checked.be.