InvesTuring: 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.
InvesTuring
Largest movements
- Receivables within one year -€120,716
down €120,716 (-74.5%), from €162,038 to €41,322
of which Other amounts receivable: -€107,834
- Cash -€38,750
down €38,750 (-44.9%), from €86,382 to €47,632
mainly Other debts (-€161,011) and Contributions, distributions and other (-€143,345)
- Other debts -€161,011
down €161,011 (-78.8%), from €204,356 to €43,345
- Trade debts +€6,461
up €6,461 (+935%), from €691 to €7,152
- Tax, wage and social debts -€4,991
down €4,991 (-11.7%), from €42,798 to €37,807
- Gross operating margin +€41,475
up €41,475 (+26.6%), from €155,891 to €197,366
- Taxes +€9,794
up €9,794 (+27.2%), from €35,976 to €45,770
- Financial charges +€3,422
up €3,422 (+81.5%), from €4,201 to €7,623
- Other operating charges -€2,297
down €2,297 (-83.1%), from €2,764 to €468
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 | €269,335 | €109,668 | -€159,667 | -59.3% |
| Fixed assets | 21/28 | €19,401 | €16,986 | -€2,415 | -12.4% |
| Tangible fixed assets | 22/27 | €19,401 | €16,986 | -€2,415 | -12.4% |
| Plant, machinery and equipment | 23 | €11,856 | €9,445 | -€2,411 | -20.3% |
| Furniture and vehicles | 24 | €7,546 | €7,541 | -€4 | -0.1% |
| Current assets | 29/58 | €249,934 | €92,682 | -€157,252 | -62.9% |
| Amounts receivable within one year | 40/41 | €162,038 | €41,322 | -€120,716 | -74.5% |
| Trade receivables | 40 | €50,000 | €37,118 | -€12,882 | -25.8% |
| Other amounts receivable | 41 | €112,038 | €4,203 | -€107,834 | -96.2% |
| Cash at bank and in hand | 54/58 | €86,382 | €47,632 | -€38,750 | -44.9% |
| Deferred charges and accrued income | 490/1 | €1,514 | €3,728 | +€2,214 | +146% |
| Total equity and liabilities | 10/49 | €269,335 | €109,668 | -€159,667 | -59.3% |
| Equity | 10/15 | €21,363 | €21,363 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €21,263 | €21,263 | = | 0.0% |
| Distributable reserves | 133 | €21,263 | €21,263 | = | 0.0% |
| Amounts payable | 17/49 | €247,972 | €88,304 | -€159,667 | -64.4% |
| Amounts payable within one year | 42/48 | €247,845 | €88,304 | -€159,541 | -64.4% |
| Trade debts | 44 | €691 | €7,152 | +€6,461 | +935% |
| Suppliers | 440/4 | €691 | €7,152 | +€6,461 | +935% |
| Taxes, remuneration and social security | 45 | €42,798 | €37,807 | -€4,991 | -11.7% |
| Taxes | 450/3 | €42,798 | €37,807 | -€4,991 | -11.7% |
| Other amounts payable | 47/48 | €204,356 | €43,345 | -€161,011 | -78.8% |
| Accrued charges and deferred income | 492/3 | €127 | - | -€127 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,730 | €3,702 | -€29 | -0.8% |
| Other operating charges | 640/8 | €2,764 | €468 | -€2,297 | -83.1% |
| Gross operating margin | 9900 | €155,891 | €197,366 | +€41,475 | +26.6% |
| Operating profit (loss) | 9901 | €149,397 | €193,196 | +€43,800 | +29.3% |
| Financial income | 75/76B | €3,811 | €3,542 | -€269 | -7.1% |
| Recurring financial income | 75 | €3,811 | €3,542 | -€269 | -7.1% |
| Financial charges | 65/66B | €4,201 | €7,623 | +€3,422 | +81.5% |
| Recurring financial charges | 65 | €4,201 | €7,623 | +€3,422 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | €149,007 | €189,116 | +€40,109 | +26.9% |
| Income taxes | 67/77 | €35,976 | €45,770 | +€9,794 | +27.2% |
| Profit (loss) for the period | 9904 | €113,031 | €143,345 | +€30,315 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,031 | €143,345 | +€30,315 | +26.8% |
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 17 October 2026 via checked.be.