INVESTOMAK: 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.
INVESTOMAK
Largest movements
- Tangible fixed assets -€24,349
down €24,349 (-7.0%), from €349,885 to €325,536
of which Land and buildings: -€26,234
- Cash -€4,200
down €4,200 (-22.0%), from €19,110 to €14,910
mainly Trade debts (-€10,665) and Other debts (-€6,890)
- Trade debts -€10,665
down €10,665 (-84.2%), from €12,665 to €2,000
- Other debts -€6,890
down €6,890 (-4.1%), from €169,902 to €163,013
- Reserves -€6,659
down €6,659 (-16.9%), from €39,446 to €32,787
of which Tax-exempt reserves: -€6,659
- Gross operating margin -€1,915
down €1,915 (-8.3%), from €23,052 to €21,137
- Depreciation +€895
up €895 (+3.3%), from €27,016 to €27,911
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 | €373,041 | €345,150 | -€27,891 | -7.5% |
| Fixed assets | 21/28 | €349,885 | €325,536 | -€24,349 | -7.0% |
| Tangible fixed assets | 22/27 | €349,885 | €325,536 | -€24,349 | -7.0% |
| Land and buildings | 22 | €345,837 | €319,602 | -€26,234 | -7.6% |
| Plant, machinery and equipment | 23 | €2,942 | €2,949 | +€8 | +0.3% |
| Furniture and vehicles | 24 | €1,106 | €2,985 | +€1,878 | +170% |
| Current assets | 29/58 | €23,157 | €19,614 | -€3,543 | -15.3% |
| Amounts receivable within one year | 40/41 | - | €500 | +€500 | |
| Other amounts receivable | 41 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €19,110 | €14,910 | -€4,200 | -22.0% |
| Deferred charges and accrued income | 490/1 | €4,047 | €4,204 | +€157 | +3.9% |
| Total equity and liabilities | 10/49 | €373,041 | €345,150 | -€27,891 | -7.5% |
| Equity | 10/15 | €110,899 | €104,921 | -€5,977 | -5.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €39,446 | €32,787 | -€6,659 | -16.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,296 | €26,637 | -€6,659 | -20.0% |
| Profit (loss) carried forward | 14 | €9,952 | €10,634 | +€682 | +6.9% |
| Provisions and deferred taxes | 16 | €17,145 | €13,716 | -€3,429 | -20.0% |
| Deferred taxes | 168 | €17,145 | €13,716 | -€3,429 | -20.0% |
| Amounts payable | 17/49 | €244,998 | €226,513 | -€18,485 | -7.5% |
| Amounts payable after more than one year | 17 | €61,500 | €61,500 | = | 0.0% |
| Financial debts | 170/4 | - | €61,500 | +€61,500 | |
| Other amounts payable | 178/9 | €61,500 | €0 | -€61,500 | -100% |
| Amounts payable within one year | 42/48 | €182,568 | €165,013 | -€17,555 | -9.6% |
| Trade debts | 44 | €12,665 | €2,000 | -€10,665 | -84.2% |
| Suppliers | 440/4 | €12,665 | €2,000 | -€10,665 | -84.2% |
| Other amounts payable | 47/48 | €169,902 | €163,013 | -€6,890 | -4.1% |
| Accrued charges and deferred income | 492/3 | €930 | €0 | -€930 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,016 | €27,911 | +€895 | +3.3% |
| Other operating charges | 640/8 | €2,451 | €2,591 | +€140 | +5.7% |
| Gross operating margin | 9900 | €23,052 | €21,137 | -€1,915 | -8.3% |
| Operating profit (loss) | 9901 | -€6,415 | -€9,366 | -€2,951 | -46.0% |
| Financial income | 75/76B | €51 | €106 | +€55 | +108% |
| Recurring financial income | 75 | €51 | €106 | +€55 | +108% |
| Financial charges | 65/66B | €147 | €147 | -€0 | -0.3% |
| Recurring financial charges | 65 | €147 | €147 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,511 | -€9,406 | -€2,895 | -44.5% |
| Transfer from deferred taxes | 780 | €3,429 | €3,429 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€3,082 | -€5,977 | -€2,895 | -93.9% |
| Transfer from tax-exempt reserves | 789 | €6,659 | €6,659 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,577 | €682 | -€2,895 | -80.9% |
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 26 October 2026 via checked.be.