INVESTRA: what changed
INVESTRA
Largest movements
- Receivables within one year +€4,300
up €4,300 (+65.5%), from €6,566 to €10,867
of which Trade receivables: +€3,457
- Tangible fixed assets -€2,813
down €2,813 (-2.2%), from €128,714 to €125,902
of which Furniture and vehicles: -€2,813
- Cash -€2,121
down €2,121 (-87.9%), from €2,412 to €291
mainly Other debts (-€5,000) and Debts after one year (-€4,678)
- Advances received +€5,107
new in 2025: €5,107
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Debts after one year -€4,678
down €4,678 (-5.7%), from €81,637 to €76,958
- Profit (loss) carried forward +€2,599
up €2,599 (+5.0%), from €52,207 to €54,806
- Tax, wage and social debts +€2,065
up €2,065 (+129%), from €1,600 to €3,665
- Gross operating margin -€5,167
down €5,167 (-32.2%), from €16,061 to €10,894
- Financial charges -€2,729
down €2,729 (-51.8%), from €5,266 to €2,537
- Taxes +€537
up €537 (+22.6%), from €2,371 to €2,908
- Depreciation -€182
down €182 (-6.1%), from €2,995 to €2,813
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 | €149,193 | €148,559 | -€634 | -0.4% |
| Fixed assets | 21/28 | €139,464 | €136,652 | -€2,813 | -2.0% |
| Tangible fixed assets | 22/27 | €128,714 | €125,902 | -€2,813 | -2.2% |
| Land and buildings | 22 | €125,902 | €125,902 | = | 0.0% |
| Furniture and vehicles | 24 | €2,813 | - | -€2,813 | |
| Financial fixed assets | 28 | €10,750 | €10,750 | = | 0.0% |
| Current assets | 29/58 | €9,729 | €11,908 | +€2,179 | +22.4% |
| Amounts receivable within one year | 40/41 | €6,566 | €10,867 | +€4,300 | +65.5% |
| Trade receivables | 40 | €1,650 | €5,107 | +€3,457 | +210% |
| Other amounts receivable | 41 | €4,916 | €5,760 | +€843 | +17.2% |
| Current investments | 50/53 | €750 | €750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,412 | €291 | -€2,121 | -87.9% |
| Total equity and liabilities | 10/49 | €149,193 | €148,559 | -€634 | -0.4% |
| Equity | 10/15 | €56,207 | €58,806 | +€2,599 | +4.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,207 | €54,806 | +€2,599 | +5.0% |
| Amounts payable | 17/49 | €92,986 | €89,753 | -€3,233 | -3.5% |
| Amounts payable after more than one year | 17 | €81,637 | €76,958 | -€4,678 | -5.7% |
| Financial debts | 170/4 | €81,637 | €76,958 | -€4,678 | -5.7% |
| Amounts payable within one year | 42/48 | €11,349 | €12,794 | +€1,445 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €4,023 | €4,023 | +€0 | 0.0% |
| Trade debts | 44 | €726 | - | -€726 | |
| Suppliers | 440/4 | €726 | - | -€726 | |
| Advances received on contracts in progress | 46 | - | €5,107 | +€5,107 | |
| Taxes, remuneration and social security | 45 | €1,600 | €3,665 | +€2,065 | +129% |
| Taxes | 450/3 | €1,600 | €3,665 | +€2,065 | +129% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,995 | €2,813 | -€182 | -6.1% |
| Other operating charges | 640/8 | €311 | €319 | +€8 | +2.5% |
| Non-recurring operating charges | 66A | €136 | - | -€136 | |
| Gross operating margin | 9900 | €16,061 | €10,894 | -€5,167 | -32.2% |
| Operating profit (loss) | 9901 | €12,619 | €7,763 | -€4,856 | -38.5% |
| Financial income | 75/76B | €147 | €280 | +€133 | +90.4% |
| Recurring financial income | 75 | €147 | €280 | +€133 | +90.4% |
| Financial charges | 65/66B | €5,266 | €2,537 | -€2,729 | -51.8% |
| Recurring financial charges | 65 | €5,266 | €2,537 | -€2,729 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €7,501 | €5,507 | -€1,994 | -26.6% |
| Income taxes | 67/77 | €2,371 | €2,908 | +€537 | +22.6% |
| Profit (loss) for the period | 9904 | €5,129 | €2,599 | -€2,530 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,129 | €2,599 | -€2,530 | -49.3% |
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 1 November 2026 via checked.be.