INVESTOM: 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.
INVESTOM
Largest movements
- Tangible fixed assets -€12,340
down €12,340 (-6.8%), from €182,432 to €170,092
of which Land and buildings: -€9,450
- Cash +€4,148
up €4,148 (+945%), from €439 to €4,587
mainly Depreciation (+€12,340) and Other debts (+€1,500)
- Current portion of long-term debt -€4,580
down €4,580 (-84.0%), from €5,452 to €872
- Trade debts -€3,359
no longer reported in 2025 (was €3,359)
- Gross operating margin +€8,245
up €8,245 (+151%), from €5,463 to €13,708
- Other operating charges +€2,119
new in 2025: €2,119
- Depreciation -€1,465
down €1,465 (-10.6%), from €13,805 to €12,340
- Financial charges -€366
down €366 (-89.6%), from €408 to €43
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 | €251,745 | €243,561 | -€8,184 | -3.3% |
| Fixed assets | 21/28 | €250,110 | €237,770 | -€12,340 | -4.9% |
| Tangible fixed assets | 22/27 | €182,432 | €170,092 | -€12,340 | -6.8% |
| Land and buildings | 22 | €177,134 | €167,684 | -€9,450 | -5.3% |
| Plant, machinery and equipment | 23 | €5,298 | €2,408 | -€2,890 | -54.6% |
| Financial fixed assets | 28 | €67,678 | €67,679 | +€1 | 0.0% |
| Current assets | 29/58 | €1,635 | €5,791 | +€4,156 | +254% |
| Current investments | 50/53 | €1,196 | €1,204 | +€8 | +0.7% |
| Cash at bank and in hand | 54/58 | €439 | €4,587 | +€4,148 | +945% |
| Total equity and liabilities | 10/49 | €251,745 | €243,561 | -€8,184 | -3.3% |
| Equity | 10/15 | €231,330 | €230,545 | -€785 | -0.3% |
| Contributions | 10/11 | €123,947 | €123,947 | -€0 | 0.0% |
| Reserves | 13 | €12,394 | €12,395 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | - | €12,395 | +€12,395 | |
| Reserves not available under the articles | 1311 | - | €12,395 | +€12,395 | |
| Distributable reserves | 133 | €12,394 | - | -€12,394 | |
| Profit (loss) carried forward | 14 | €94,989 | €94,204 | -€785 | -0.8% |
| Amounts payable | 17/49 | €20,415 | €13,016 | -€7,399 | -36.2% |
| Amounts payable within one year | 42/48 | €19,355 | €12,916 | -€6,439 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €5,452 | €872 | -€4,580 | -84.0% |
| Trade debts | 44 | €3,359 | - | -€3,359 | |
| Suppliers | 440/4 | €3,359 | - | -€3,359 | |
| Other amounts payable | 47/48 | €10,544 | €12,044 | +€1,500 | +14.2% |
| Accrued charges and deferred income | 492/3 | €1,060 | €100 | -€960 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,805 | €12,340 | -€1,465 | -10.6% |
| Other operating charges | 640/8 | - | €2,119 | +€2,119 | |
| Gross operating margin | 9900 | €5,463 | €13,708 | +€8,245 | +151% |
| Operating profit (loss) | 9901 | -€8,342 | -€751 | +€7,591 | +91.0% |
| Financial income | 75/76B | €7 | €7 | +€0 | +2.7% |
| Recurring financial income | 75 | €7 | €7 | +€0 | +2.7% |
| Financial charges | 65/66B | €408 | €43 | -€366 | -89.6% |
| Recurring financial charges | 65 | €408 | €43 | -€366 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,743 | -€786 | +€7,957 | +91.0% |
| Income taxes | 67/77 | €2 | -€0 | -€2 | |
| Profit (loss) for the period | 9904 | -€8,745 | -€786 | +€7,959 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,745 | -€786 | +€7,959 | +91.0% |
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.