INVESTRA: what changed
What changed
INVESTRA
filed annual accounts (NBB)
Net result for the year
€9,301
2024 · -€27,728+€37,029
Equity
€1.2m
2024 · €1.2m+€9,301
Cash
€140,237
2024 · €84,540+€55,698
Balance sheet total
€1.4m
2024 · €1.4m-€14,472
Largest movements
Assets
- Tangible fixed assets -€71,538
down €71,538 (-5.3%), from €1.3m to €1.3m
of which Land and buildings: -€69,317
- Cash +€55,698
up €55,698 (+65.9%), from €84,540 to €140,237
mainly Depreciation (+€47,538) and Investment in fixed assets (net) (+€24,000)
Equity and liabilities
- Debts after one year -€18,984
down €18,984 (-15.0%), from €126,601 to €107,617
Income statement
- Gross operating margin +€37,689
up €37,689 (+87.8%), from €42,916 to €80,605
- Taxes +€1,503
up €1,503 (+32.3%), from €4,662 to €6,165
- Other operating charges -€1,166
down €1,166 (-8.3%), from €13,991 to €12,825
- Financial charges -€895
down €895 (-8.9%), from €10,019 to €9,125
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.
Result 2024
-€27,728
Gross operating margin
+€37,689
Depreciation
+€417
Other operating charges
+€1,166
Financial income
-€438
Financial charges
+€895
Taxes
-€1,503
Deferred taxes and other
-€1,196
Result 2025
€9,301
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€50,681
Investment
+€24,000
Financing
-€18,984
Cash 2024
€84,540
From operations (derived)
+€50,681
Net result for the year
+€9,301
Depreciation
+€47,538
Receivables within one year
-€1,547
Deferred charges and accrued income
+€179
Provisions
-€4,243
Tax, wage and social debts
-€2,559
Accrued charges and deferred income
+€2,013
Investment (derived)
+€24,000
Investment in fixed assets (net)
+€24,000
Financing
-€18,984
Debts after one year
-€18,984
Cash 2025
€140,237
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,431,113 | €1,416,642 | -€14,472 | -1.0% |
| Fixed assets | 21/28 | €1,341,189 | €1,269,652 | -€71,538 | -5.3% |
| Tangible fixed assets | 22/27 | €1,341,189 | €1,269,652 | -€71,538 | -5.3% |
| Land and buildings | 22 | €1,325,768 | €1,256,451 | -€69,317 | -5.2% |
| Plant, machinery and equipment | 23 | €15,421 | €13,201 | -€2,220 | -14.4% |
| Current assets | 29/58 | €89,924 | €146,990 | +€57,066 | +63.5% |
| Amounts receivable within one year | 40/41 | €5,119 | €6,666 | +€1,547 | +30.2% |
| Trade receivables | 40 | €4,920 | €5,578 | +€657 | +13.4% |
| Other amounts receivable | 41 | €199 | €1,089 | +€890 | +448% |
| Cash at bank and in hand | 54/58 | €84,540 | €140,237 | +€55,698 | +65.9% |
| Deferred charges and accrued income | 490/1 | €265 | €87 | -€179 | -67.3% |
| Total equity and liabilities | 10/49 | €1,431,113 | €1,416,642 | -€14,472 | -1.0% |
| Equity | 10/15 | €1,196,479 | €1,205,780 | +€9,301 | +0.8% |
| Contributions | 10/11 | €372,000 | €372,000 | = | 0.0% |
| Capital | 10 | €372,000 | €372,000 | = | 0.0% |
| Issued capital | 100 | €372,000 | €372,000 | = | 0.0% |
| Reserves | 13 | €824,479 | €833,780 | +€9,301 | +1.1% |
| Non-distributable reserves | 130/1 | €37,200 | €37,200 | = | 0.0% |
| Legal reserve | 130 | €37,200 | €37,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €264,808 | €253,082 | -€11,726 | -4.4% |
| Distributable reserves | 133 | €522,471 | €543,499 | +€21,027 | +4.0% |
| Provisions and deferred taxes | 16 | €94,945 | €90,702 | -€4,243 | -4.5% |
| Deferred taxes | 168 | €94,945 | €90,702 | -€4,243 | -4.5% |
| Amounts payable | 17/49 | €139,689 | €120,159 | -€19,530 | -14.0% |
| Amounts payable after more than one year | 17 | €126,601 | €107,617 | -€18,984 | -15.0% |
| Other amounts payable | 178/9 | €126,601 | €107,617 | -€18,984 | -15.0% |
| Amounts payable within one year | 42/48 | €9,419 | €6,860 | -€2,559 | -27.2% |
| Taxes, remuneration and social security | 45 | €4,662 | €2,103 | -€2,559 | -54.9% |
| Taxes | 450/3 | €4,662 | €2,103 | -€2,559 | -54.9% |
| Other amounts payable | 47/48 | €4,757 | €4,757 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,670 | €5,683 | +€2,013 | +54.8% |
| Non-recurring operating income | 76A | - | €32,000 | +€32,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,954 | €47,538 | -€417 | -0.9% |
| Other operating charges | 640/8 | €13,991 | €12,825 | -€1,166 | -8.3% |
| Gross operating margin | 9900 | €42,916 | €80,605 | +€37,689 | +87.8% |
| Operating profit (loss) | 9901 | -€19,029 | €20,243 | +€39,271 | |
| Financial income | 75/76B | €543 | €106 | -€438 | -80.6% |
| Recurring financial income | 75 | €543 | €106 | -€438 | -80.6% |
| Financial charges | 65/66B | €10,019 | €9,125 | -€895 | -8.9% |
| Recurring financial charges | 65 | €10,019 | €9,125 | -€895 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,505 | €11,223 | +€39,728 | |
| Transfer from deferred taxes | 780 | €5,438 | €4,243 | -€1,196 | -22.0% |
| Income taxes | 67/77 | €4,662 | €6,165 | +€1,503 | +32.3% |
| Profit (loss) for the period | 9904 | -€27,728 | €9,301 | +€37,029 | |
| Transfer from tax-exempt reserves | 789 | €15,315 | €11,726 | -€3,589 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,413 | €21,027 | +€33,440 |
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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 5 November 2026 via checked.be.