INVESTSTONE: 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.
INVESTSTONE
Largest movements
- Cash -€3,391
down €3,391 (-89.8%), from €3,776 to €385
mainly Debts after one year (-€15,500) and Net result for the year (-€5,123)
- Intangible fixed assets -€600
no longer reported in 2025 (was €600)
- Receivables within one year +€550
up €550 (+19.7%), from €2,792 to €3,342
of which Other amounts receivable: +€413
- Other debts +€16,500
new in 2025: €16,500
- Debts after one year -€15,500
down €15,500 (-41.3%), from €37,500 to €22,000
- Profit (loss) carried forward -€5,123
down €5,123 (-14.5%), from -€35,215 to -€40,338
- Tax, wage and social debts +€356
up €356 (+1,223%), from €29 to €385
- Trade debts +€326
up €326 (+104%), from €313 to €639
- Financial income -€23,007
down €23,007 (-53.5%), from €43,007 to €20,000
of which Non-recurring financial income: -€23,000
- Gross operating margin -€5,163
down €5,163 (-28.1%), from -€18,399 to -€23,563
- Depreciation -€2,649
down €2,649 (-81.5%), from €3,249 to €600
- Taxes +€385
new in 2025: €385
- Other operating charges -€289
down €289 (-35.4%), from €816 to €528
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 | €7,627 | €4,186 | -€3,441 | -45.1% |
| Fixed assets | 21/28 | €600 | - | -€600 | |
| Intangible fixed assets | 21 | €600 | - | -€600 | |
| Current assets | 29/58 | €7,027 | €4,186 | -€2,842 | -40.4% |
| Amounts receivable within one year | 40/41 | €2,792 | €3,342 | +€550 | +19.7% |
| Trade receivables | 40 | €263 | €400 | +€137 | +52.0% |
| Other amounts receivable | 41 | €2,529 | €2,942 | +€413 | +16.3% |
| Cash at bank and in hand | 54/58 | €3,776 | €385 | -€3,391 | -89.8% |
| Deferred charges and accrued income | 490/1 | €459 | €459 | = | 0.0% |
| Total equity and liabilities | 10/49 | €7,627 | €4,186 | -€3,441 | -45.1% |
| Equity | 10/15 | -€30,215 | -€35,338 | -€5,123 | -17.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,215 | -€40,338 | -€5,123 | -14.5% |
| Amounts payable | 17/49 | €37,842 | €39,524 | +€1,682 | +4.4% |
| Amounts payable after more than one year | 17 | €37,500 | €22,000 | -€15,500 | -41.3% |
| Financial debts | 170/4 | €37,500 | €22,000 | -€15,500 | -41.3% |
| Amounts payable within one year | 42/48 | €342 | €17,524 | +€17,182 | +5,023% |
| Trade debts | 44 | €313 | €639 | +€326 | +104% |
| Suppliers | 440/4 | €313 | €639 | +€326 | +104% |
| Taxes, remuneration and social security | 45 | €29 | €385 | +€356 | +1,223% |
| Taxes | 450/3 | €29 | €385 | +€356 | +1,223% |
| Other amounts payable | 47/48 | - | €16,500 | +€16,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,249 | €600 | -€2,649 | -81.5% |
| Other operating charges | 640/8 | €816 | €528 | -€289 | -35.4% |
| Gross operating margin | 9900 | -€18,399 | -€23,563 | -€5,163 | -28.1% |
| Operating profit (loss) | 9901 | -€22,465 | -€24,690 | -€2,225 | -9.9% |
| Financial income | 75/76B | €43,007 | €20,000 | -€23,007 | -53.5% |
| Recurring financial income | 75 | €7 | €20,000 | +€19,993 | +280,012% |
| Non-recurring financial income | 76B | €43,000 | €20,000 | -€23,000 | -53.5% |
| Financial charges | 65/66B | €49 | €48 | -€1 | -2.6% |
| Recurring financial charges | 65 | €49 | €48 | -€1 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €20,493 | -€4,738 | -€25,231 | |
| Income taxes | 67/77 | - | €385 | +€385 | |
| Profit (loss) for the period | 9904 | €20,493 | -€5,123 | -€25,616 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,493 | -€5,123 | -€25,616 |
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 26 October 2026 via checked.be.