INVESTPOOL: 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.
What changed
INVESTPOOL
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€319,801
2024 · €195,429+€124,372
Equity
€2.2m
2024 · €1.9m+€319,801
Cash
€21,641
2024 · €72,548-€50,907
Balance sheet total
€8.8m
2024 · €8.8m-€1,421
Largest movements
Assets
- Receivables within one year +€349,724
up €349,724 (+6.9%), from €5.1m to €5.4m
of which Other amounts receivable: +€175,000
- Tangible fixed assets -€300,238
down €300,238 (-8.3%), from €3.6m to €3.3m
Equity and liabilities
- Profit (loss) carried forward +€319,801
up €319,801 (+90.8%), from €352,093 to €671,894
- Debts after one year -€282,052
down €282,052 (-4.6%), from €6.2m to €5.9m
Income statement
- Gross operating margin +€181,052
up €181,052 (+29.1%), from €622,730 to €803,782
- Financial income -€63,158
down €63,158 (-27.8%), from €227,211 to €164,053
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.
Result 2024
€195,429
Gross operating margin
+€181,052
Depreciation
+€0
Other operating charges
-€35
Other operating items
-€892
Financial income
-€63,158
Financial charges
+€7,405
Result 2025
€319,801
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€268,645
Investment
€0
Financing
-€319,552
Cash 2024
€72,548
From operations (derived)
+€268,645
Net result for the year
+€319,801
Depreciation
+€300,238
Receivables within one year
-€349,724
Provisions
-€5,057
Trade debts
+€770
Accrued charges and deferred income
+€2,617
Financing
-€319,552
Debts after one year
-€282,052
Current portion of long-term debt
-€37,500
Cash 2025
€21,641
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,778,305 | €8,776,883 | -€1,421 | 0.0% |
| Fixed assets | 21/28 | €3,621,247 | €3,321,009 | -€300,238 | -8.3% |
| Tangible fixed assets | 22/27 | €3,621,214 | €3,320,976 | -€300,238 | -8.3% |
| Land and buildings | 22 | €3,621,214 | €3,320,976 | -€300,238 | -8.3% |
| Financial fixed assets | 28 | €33 | €33 | = | 0.0% |
| Current assets | 29/58 | €5,157,058 | €5,455,874 | +€298,816 | +5.8% |
| Amounts receivable within one year | 40/41 | €5,084,510 | €5,434,234 | +€349,724 | +6.9% |
| Trade receivables | 40 | €179,510 | €354,234 | +€174,724 | +97.3% |
| Other amounts receivable | 41 | €4,905,000 | €5,080,000 | +€175,000 | +3.6% |
| Cash at bank and in hand | 54/58 | €72,548 | €21,641 | -€50,907 | -70.2% |
| Total equity and liabilities | 10/49 | €8,778,305 | €8,776,883 | -€1,421 | 0.0% |
| Equity | 10/15 | €1,910,934 | €2,230,735 | +€319,801 | +16.7% |
| Contributions | 10/11 | €775,000 | €775,000 | = | 0.0% |
| Capital | 10 | €775,000 | €775,000 | = | 0.0% |
| Issued capital | 100 | €775,000 | €775,000 | = | 0.0% |
| Reserves | 13 | €783,841 | €783,841 | = | 0.0% |
| Non-distributable reserves | 130/1 | €77,500 | €77,500 | = | 0.0% |
| Legal reserve | 130 | €77,500 | €77,500 | = | 0.0% |
| Distributable reserves | 133 | €706,341 | €706,341 | = | 0.0% |
| Profit (loss) carried forward | 14 | €352,093 | €671,894 | +€319,801 | +90.8% |
| Provisions and deferred taxes | 16 | €174,319 | €169,262 | -€5,057 | -2.9% |
| Provisions for liabilities and charges | 160/5 | €174,319 | €169,262 | -€5,057 | -2.9% |
| Environmental obligations | 163 | €174,319 | - | -€174,319 | |
| Other liabilities and charges | 164/5 | - | €169,262 | +€169,262 | |
| Amounts payable | 17/49 | €6,693,052 | €6,376,886 | -€316,166 | -4.7% |
| Amounts payable after more than one year | 17 | €6,153,844 | €5,871,792 | -€282,052 | -4.6% |
| Financial debts | 170/4 | €6,153,844 | €5,871,792 | -€282,052 | -4.6% |
| Amounts payable within one year | 42/48 | €342,139 | €305,408 | -€36,730 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €319,552 | €282,052 | -€37,500 | -11.7% |
| Trade debts | 44 | €22,587 | €23,356 | +€770 | +3.4% |
| Suppliers | 440/4 | €22,587 | €23,356 | +€770 | +3.4% |
| Accrued charges and deferred income | 492/3 | €197,070 | €199,686 | +€2,617 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300,238 | €300,238 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Non-recurring operating charges | 66A | €41,460 | €42,353 | +€892 | +2.2% |
| Gross operating margin | 9900 | €622,730 | €803,782 | +€181,052 | +29.1% |
| Operating profit (loss) | 9901 | €279,924 | €460,049 | +€180,125 | +64.3% |
| Financial income | 75/76B | €227,211 | €164,053 | -€63,158 | -27.8% |
| Recurring financial income | 75 | €227,211 | €164,053 | -€63,158 | -27.8% |
| Financial charges | 65/66B | €311,706 | €304,301 | -€7,405 | -2.4% |
| Recurring financial charges | 65 | €311,706 | €304,301 | -€7,405 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €195,429 | €319,801 | +€124,372 | +63.6% |
| Profit (loss) for the period | 9904 | €195,429 | €319,801 | +€124,372 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €195,429 | €319,801 | +€124,372 | +63.6% |
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 23 October 2026 via checked.be.