INVESTPLUS: 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.
INVESTPLUS
Largest movements
- Current investments -€308,358
down €308,358 (-71.2%), from €433,358 to €125,000
- Cash +€58,559
up €58,559 (+126%), from €46,482 to €105,041
mainly Current investments (+€308,358) and Net result for the year (+€47,941)
- Tangible fixed assets -€32,387
down €32,387 (-25.1%), from €129,097 to €96,710
of which Land and buildings: -€22,829
- Other debts -€333,387
down €333,387 (-87.0%), from €383,278 to €49,891
- Reserves +€47,941
up €47,941 (+23.7%), from €201,984 to €249,925
of which Distributable reserves: +€47,941
- Gross operating margin -€16,484
down €16,484 (-13.0%), from €127,119 to €110,635
- Financial income +€10,611
up €10,611 (+401%), from €2,649 to €13,260
- Taxes +€6,903
up €6,903 (+38.9%), from €17,756 to €24,659
- Financial charges -€2,421
down €2,421 (-13.3%), from €18,206 to €15,786
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 | €608,937 | €326,751 | -€282,186 | -46.3% |
| Fixed assets | 21/28 | €129,097 | €96,710 | -€32,387 | -25.1% |
| Tangible fixed assets | 22/27 | €129,097 | €96,710 | -€32,387 | -25.1% |
| Land and buildings | 22 | €93,564 | €70,735 | -€22,829 | -24.4% |
| Furniture and vehicles | 24 | €35,533 | €25,975 | -€9,557 | -26.9% |
| Current assets | 29/58 | €479,840 | €230,041 | -€249,799 | -52.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €433,358 | €125,000 | -€308,358 | -71.2% |
| Cash at bank and in hand | 54/58 | €46,482 | €105,041 | +€58,559 | +126% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €608,937 | €326,751 | -€282,186 | -46.3% |
| Equity | 10/15 | €220,984 | €268,925 | +€47,941 | +21.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €201,984 | €249,925 | +€47,941 | +23.7% |
| Tax-exempt reserves | 132 | €2,045 | €2,045 | = | 0.0% |
| Distributable reserves | 133 | €199,939 | €247,880 | +€47,941 | +24.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €387,953 | €57,826 | -€330,127 | -85.1% |
| Amounts payable within one year | 42/48 | €387,951 | €57,826 | -€330,125 | -85.1% |
| Trade debts | 44 | €1,250 | €520 | -€730 | -58.4% |
| Suppliers | 440/4 | €1,250 | €520 | -€730 | -58.4% |
| Taxes, remuneration and social security | 45 | €3,423 | €7,415 | +€3,992 | +117% |
| Taxes | 450/3 | €3,423 | €7,415 | +€3,992 | +117% |
| Other amounts payable | 47/48 | €383,278 | €49,891 | -€333,387 | -87.0% |
| Accrued charges and deferred income | 492/3 | €2 | €0 | -€2 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,548 | €32,387 | +€839 | +2.7% |
| Other operating charges | 640/8 | €3,425 | €3,123 | -€303 | -8.8% |
| Gross operating margin | 9900 | €127,119 | €110,635 | -€16,484 | -13.0% |
| Operating profit (loss) | 9901 | €92,145 | €75,125 | -€17,020 | -18.5% |
| Financial income | 75/76B | €2,649 | €13,260 | +€10,611 | +401% |
| Recurring financial income | 75 | €2,649 | €13,260 | +€10,611 | +401% |
| Financial charges | 65/66B | €18,206 | €15,786 | -€2,421 | -13.3% |
| Recurring financial charges | 65 | €18,206 | €15,786 | -€2,421 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €76,588 | €72,600 | -€3,988 | -5.2% |
| Income taxes | 67/77 | €17,756 | €24,659 | +€6,903 | +38.9% |
| Profit (loss) for the period | 9904 | €58,832 | €47,941 | -€10,891 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,832 | €47,941 | -€10,891 | -18.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.