INVESTPRO PROJECTS: 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.
INVESTPRO PROJECTS
Largest movements
- Stocks and contracts -€542,630
down €542,630 (-6.8%), from €8.0m to €7.5m
- Receivables within one year -€216,971
down €216,971 (-24.5%), from €885,785 to €668,814
of which Other amounts receivable: -€216,691
- Current investments +€175,008
up €175,008 (+49.8%), from €351,460 to €526,468
- Trade debts -€618,318
down €618,318 (-90.3%), from €684,481 to €66,163
- Gross operating margin -€131,712
down €131,712 (-87.8%), from €149,985 to €18,273
- Financial charges -€110,172
down €110,172 (-84.4%), from €130,488 to €20,316
- Depreciation -€22,464
down €22,464 (-83.8%), from €26,810 to €4,346
- Financial income -€17,009
down €17,009 (-61.0%), from €27,891 to €10,882
of which Financial income: -€17,172
- Taxes -€3,731
down €3,731 (-76.7%), from €4,866 to €1,135
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 | €9,583,120 | €8,915,395 | -€667,725 | -7.0% |
| Fixed assets | 21/28 | €113,696 | €109,350 | -€4,346 | -3.8% |
| Tangible fixed assets | 22/27 | €113,696 | €109,350 | -€4,346 | -3.8% |
| Land and buildings | 22 | €113,696 | €109,350 | -€4,346 | -3.8% |
| Current assets | 29/58 | €9,469,424 | €8,806,045 | -€663,379 | -7.0% |
| Stocks and contracts in progress | 3 | €8,006,343 | €7,463,713 | -€542,630 | -6.8% |
| Stocks | 30/36 | €8,006,343 | €7,463,713 | -€542,630 | -6.8% |
| Amounts receivable within one year | 40/41 | €885,785 | €668,814 | -€216,971 | -24.5% |
| Trade receivables | 40 | €803 | €523 | -€280 | -34.9% |
| Other amounts receivable | 41 | €884,982 | €668,291 | -€216,691 | -24.5% |
| Current investments | 50/53 | €351,460 | €526,468 | +€175,008 | +49.8% |
| Cash at bank and in hand | 54/58 | €201,855 | €123,069 | -€78,786 | -39.0% |
| Deferred charges and accrued income | 490/1 | €23,981 | €23,981 | = | 0.0% |
| Total equity and liabilities | 10/49 | €9,583,120 | €8,915,395 | -€667,725 | -7.0% |
| Equity | 10/15 | €3,191,257 | €3,194,614 | +€3,357 | +0.1% |
| Contributions | 10/11 | €681,787 | €681,787 | = | 0.0% |
| Capital | 10 | €681,787 | €681,787 | = | 0.0% |
| Issued capital | 100 | €681,787 | €681,787 | = | 0.0% |
| Reserves | 13 | €2,509,470 | €2,512,827 | +€3,357 | +0.1% |
| Non-distributable reserves | 130/1 | €68,179 | €68,179 | = | 0.0% |
| Legal reserve | 130 | €68,179 | €68,179 | = | 0.0% |
| Distributable reserves | 133 | €2,441,291 | €2,444,648 | +€3,357 | +0.1% |
| Amounts payable | 17/49 | €6,391,863 | €5,720,781 | -€671,082 | -10.5% |
| Amounts payable after more than one year | 17 | €231,464 | €193,840 | -€37,624 | -16.3% |
| Advances received on contracts in progress | 176 | €231,464 | €193,840 | -€37,624 | -16.3% |
| Amounts payable within one year | 42/48 | €5,927,540 | €5,274,095 | -€653,445 | -11.0% |
| Financial debts | 43 | €5,165,000 | €5,165,000 | = | 0.0% |
| Other loans | 439 | €5,165,000 | €5,165,000 | = | 0.0% |
| Trade debts | 44 | €684,481 | €66,163 | -€618,318 | -90.3% |
| Suppliers | 440/4 | €684,481 | €66,163 | -€618,318 | -90.3% |
| Advances received on contracts in progress | 46 | €77,973 | €42,932 | -€35,041 | -44.9% |
| Taxes, remuneration and social security | 45 | €86 | - | -€86 | |
| Taxes | 450/3 | €86 | - | -€86 | |
| Accrued charges and deferred income | 492/3 | €232,859 | €252,846 | +€19,987 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,810 | €4,346 | -€22,464 | -83.8% |
| Other operating charges | 640/8 | €1,116 | - | -€1,116 | |
| Gross operating margin | 9900 | €149,985 | €18,273 | -€131,712 | -87.8% |
| Operating profit (loss) | 9901 | €122,059 | €13,927 | -€108,132 | -88.6% |
| Financial income | 75/76B | €27,891 | €10,882 | -€17,009 | -61.0% |
| Recurring financial income | 75 | €27,891 | €10,719 | -€17,172 | -61.6% |
| Non-recurring financial income | 76B | - | €163 | +€163 | |
| Financial charges | 65/66B | €130,488 | €20,316 | -€110,172 | -84.4% |
| Recurring financial charges | 65 | €130,488 | €20,316 | -€110,172 | -84.4% |
| Profit (loss) for the period before taxes | 9903 | €19,462 | €4,493 | -€14,969 | -76.9% |
| Income taxes | 67/77 | €4,866 | €1,135 | -€3,731 | -76.7% |
| Profit (loss) for the period | 9904 | €14,596 | €3,358 | -€11,238 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,596 | €3,358 | -€11,238 | -77.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.