INVESTSUD TECH: 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.
INVESTSUD TECH
Largest movements
- Financial fixed assets +€4.2m
up €4.2m (+21.0%), from €20.0m to €24.2m
- Current investments +€2.7m
up €2.7m (+28.8%), from €9.4m to €12.1m
- Cash -€1.8m
down €1.8m (-88.5%), from €2.1m to €238,267
mainly Investment in fixed assets (net) (-€4.4m) and Current investments (-€2.7m)
- Receivables within one year -€531,099
down €531,099 (-21.0%), from €2.5m to €2.0m
of which Other amounts receivable: -€587,298
- Reserves +€2.6m
up €2.6m (+30.8%), from €8.3m to €10.9m
- Debts after one year +€1.3m
up €1.3m (+6.1%), from €22.1m to €23.4m
- Other debts +€960,000
up €960,000 (+2400.0%), from €40,000 to €1.0m
- Profit (loss) carried forward -€563,944
down €563,944 (-26.5%), from €2.1m to €1.6m
- Gross operating margin +€3.1m
up €3.1m (+73.3%), from €4.2m to €7.4m
- Financial charges +€1.8m
up €1.8m (+192.8%), from €958,380 to €2.8m
of which Non-recurring financial charges: +€1.8m
- Financial income +€1.6m
up €1.6m (+198.4%), from €787,434 to €2.3m
of which Non-recurring financial income: +€1.3m
- Taxes +€1.3m
up €1.3m (+168.7%), from €753,059 to €2.0m
- Purchases and services +€302,224
up €302,224 (+20.6%), from €1.5m to €1.8m
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.
Cash bridge derived
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 | €34,116,648 | €38,685,993 | +€4.6m | +13.4% |
| Fixed assets | 21/28 | €20,011,472 | €24,216,587 | +€4.2m | +21.0% |
| Financial fixed assets | 28 | €20,011,472 | €24,216,587 | +€4.2m | +21.0% |
| Current assets | 29/58 | €14,105,176 | €14,469,406 | +€364,230 | +2.6% |
| Amounts receivable within one year | 40/41 | €2,524,203 | €1,993,104 | -€531,099 | -21.0% |
| Trade receivables | 40 | €3,231 | €59,429 | +€56,198 | +1739.4% |
| Other amounts receivable | 41 | €2,520,972 | €1,933,675 | -€587,298 | -23.3% |
| Current investments | 50/53 | €9,380,298 | €12,085,977 | +€2.7m | +28.8% |
| Cash at bank and in hand | 54/58 | €2,063,857 | €238,267 | -€1.8m | -88.5% |
| Deferred charges and accrued income | 490/1 | €136,818 | €152,059 | +€15,241 | +11.1% |
| Total equity and liabilities | 10/49 | €34,116,648 | €38,685,993 | +€4.6m | +13.4% |
| Equity | 10/15 | €10,948,123 | €12,948,947 | +€2.0m | +18.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €8,319,410 | €10,884,179 | +€2.6m | +30.8% |
| Non-distributable reserves | 130/1 | €8,319,410 | €10,884,179 | +€2.6m | +30.8% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Other | 1319 | €8,269,410 | €10,834,179 | +€2.6m | +31.0% |
| Profit (loss) carried forward | 14 | €2,128,713 | €1,564,768 | -€563,944 | -26.5% |
| Amounts payable | 17/49 | €23,168,525 | €25,737,046 | +€2.6m | +11.1% |
| Amounts payable after more than one year | 17 | €22,077,421 | €23,418,620 | +€1.3m | +6.1% |
| Financial debts | 170/4 | €22,077,421 | €23,418,620 | +€1.3m | +6.1% |
| Amounts payable within one year | 42/48 | €1,088,012 | €2,314,867 | +€1.2m | +112.8% |
| Trade debts | 44 | €1,048,012 | €1,314,867 | +€266,855 | +25.5% |
| Suppliers | 440/4 | €1,048,012 | €1,314,867 | +€266,855 | +25.5% |
| Other amounts payable | 47/48 | €40,000 | €1,000,000 | +€960,000 | +2400.0% |
| Accrued charges and deferred income | 492/3 | €3,092 | €3,559 | +€468 | +15.1% |
| Non-recurring operating income | 76A | €5,713,761 | €9,128,601 | +€3.4m | +59.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,466,575 | €1,768,799 | +€302,224 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €175,000 | +€175,000 | |
| Other operating charges | 640/8 | €3,727 | €2,978 | -€749 | -20.1% |
| Non-recurring operating charges | 66A | €175,244 | €1,700,676 | +€1.5m | +870.5% |
| Gross operating margin | 9900 | €4,247,185 | €7,359,801 | +€3.1m | +73.3% |
| Operating profit (loss) | 9901 | €4,068,215 | €5,481,148 | +€1.4m | +34.7% |
| Financial income | 75/76B | €787,434 | €2,349,509 | +€1.6m | +198.4% |
| Recurring financial income | 75 | €287,434 | €564,297 | +€276,863 | +96.3% |
| Non-recurring financial income | 76B | €500,000 | €1,785,212 | +€1.3m | +257.0% |
| Financial charges | 65/66B | €958,380 | €2,806,457 | +€1.8m | +192.8% |
| Recurring financial charges | 65 | -€76,881 | -€30,005 | +€46,875 | +61.0% |
| Non-recurring financial charges | 66B | €1,035,261 | €2,836,463 | +€1.8m | +174.0% |
| Profit (loss) for the period before taxes | 9903 | €3,897,269 | €5,024,200 | +€1.1m | +28.9% |
| Income taxes | 67/77 | €753,059 | €2,023,376 | +€1.3m | +168.7% |
| Profit (loss) for the period | 9904 | €3,144,210 | €3,000,824 | -€143,386 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,144,210 | €3,000,824 | -€143,386 | -4.6% |
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 9 October 2026 via checked.be.