INVESTR: what changed
INVESTR
Largest movements
- Receivables within one year -€11,360
down €11,360 (-21.2%), from €53,682 to €42,323
of which Trade receivables: -€13,771
- Intangible fixed assets -€4,014
down €4,014 (-100%), from €4,014 to €0
- Cash +€1,400
up €1,400 (+105%), from €1,333 to €2,733
mainly Debts after one year (+€20,000) and Other debts (+€17,459)
- Deferred charges and accrued income +€757
up €757 (+149%), from €508 to €1,265
- Current portion of long-term debt -€52,793
down €52,793 (-100%), from €52,793 to €0
- Debts after one year +€20,000
up €20,000 (+4.8%), from €416,337 to €436,337
- Other debts +€17,459
up €17,459 (+59.3%), from €29,456 to €46,915
- Trade debts +€5,816
up €5,816 (+83.9%), from €6,929 to €12,745
- Tax, wage and social debts -€5,083
down €5,083 (-24.2%), from €20,995 to €15,912
- Financial charges -€30,786
down €30,786 (-94.9%), from €32,435 to €1,649
- Gross operating margin -€5,705
down €5,705 (-39.9%), from €14,300 to €8,595
- Other operating charges -€920
down €920 (-55.4%), from €1,662 to €742
- Staff costs -€209
down €209 (-100%), from €209 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,402 | €46,934 | -€13,468 | -22.3% |
| Fixed assets | 21/28 | €4,878 | €614 | -€4,265 | -87.4% |
| Intangible fixed assets | 21 | €4,014 | €0 | -€4,014 | -100% |
| Tangible fixed assets | 22/27 | €501 | €251 | -€251 | -50.0% |
| Other tangible fixed assets | 26 | €501 | €251 | -€251 | -50.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €55,523 | €46,320 | -€9,203 | -16.6% |
| Amounts receivable within one year | 40/41 | €53,682 | €42,323 | -€11,360 | -21.2% |
| Trade receivables | 40 | €53,574 | €39,803 | -€13,771 | -25.7% |
| Other amounts receivable | 41 | €108 | €2,519 | +€2,411 | +2,231% |
| Cash at bank and in hand | 54/58 | €1,333 | €2,733 | +€1,400 | +105% |
| Deferred charges and accrued income | 490/1 | €508 | €1,265 | +€757 | +149% |
| Total equity and liabilities | 10/49 | €60,402 | €46,934 | -€13,468 | -22.3% |
| Equity | 10/15 | -€467,059 | -€465,118 | +€1,941 | +0.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€767,059 | -€765,118 | +€1,941 | +0.3% |
| Amounts payable | 17/49 | €527,460 | €512,052 | -€15,408 | -2.9% |
| Amounts payable after more than one year | 17 | €416,337 | €436,337 | +€20,000 | +4.8% |
| Financial debts | 170/4 | €416,337 | €436,337 | +€20,000 | +4.8% |
| Amounts payable within one year | 42/48 | €111,124 | €75,715 | -€35,408 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €52,793 | €0 | -€52,793 | -100% |
| Financial debts | 43 | €950 | €142 | -€808 | -85.0% |
| Credit institutions | 430/8 | €950 | €142 | -€808 | -85.0% |
| Trade debts | 44 | €6,929 | €12,745 | +€5,816 | +83.9% |
| Suppliers | 440/4 | €6,929 | €12,745 | +€5,816 | +83.9% |
| Taxes, remuneration and social security | 45 | €20,995 | €15,912 | -€5,083 | -24.2% |
| Taxes | 450/3 | €20,995 | €15,912 | -€5,083 | -24.2% |
| Other amounts payable | 47/48 | €29,456 | €46,915 | +€17,459 | +59.3% |
| Remuneration, social security and pensions | 62 | €209 | €0 | -€209 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,347 | €4,265 | -€82 | -1.9% |
| Other operating charges | 640/8 | €1,662 | €742 | -€920 | -55.4% |
| Gross operating margin | 9900 | €14,300 | €8,595 | -€5,705 | -39.9% |
| Operating profit (loss) | 9901 | €8,082 | €3,589 | -€4,494 | -55.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €32,435 | €1,649 | -€30,786 | -94.9% |
| Recurring financial charges | 65 | €32,435 | €1,649 | -€30,786 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,353 | €1,941 | +€26,293 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€24,353 | €1,941 | +€26,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,353 | €1,941 | +€26,293 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.