INVIAM: 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.
INVIAM
Largest movements
- Tangible fixed assets -€32,008
down €32,008 (-35.7%), from €89,770 to €57,762
of which Leasing and similar rights: -€27,153
- Receivables within one year +€20,599
up €20,599 (+15.9%), from €129,832 to €150,431
of which Trade receivables: +€12,388
- Cash +€16,468
up €16,468 (+25.0%), from €65,980 to €82,448
mainly Net result for the year (+€127,688) and Depreciation (+€32,008)
- Deferred charges and accrued income -€5,700
no longer reported in 2025 (was €5,700)
- Debts after one year -€22,848
down €22,848 (-38.6%), from €59,162 to €36,314
- Other debts +€12,005
up €12,005 (+10.7%), from €112,019 to €124,024
- Profit (loss) carried forward +€7,688
up €7,688 (+22.0%), from €34,989 to €42,677
- Trade debts +€3,936
up €3,936 (+744%), from €529 to €4,465
- Purchases and services +€143,626
up €143,626 (+31.9%), from €450,164 to €593,790
- Turnover +€71,179
up €71,179 (+9.4%), from €754,111 to €825,290
- Gross operating margin -€51,399
down €51,399 (-16.2%), from €317,968 to €266,569
- Staff costs -€44,839
down €44,839 (-39.1%), from €114,539 to €69,700
- Depreciation +€11,041
up €11,041 (+52.7%), from €20,967 to €32,008
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 | €291,282 | €290,641 | -€641 | -0.2% |
| Fixed assets | 21/28 | €89,770 | €57,762 | -€32,008 | -35.7% |
| Tangible fixed assets | 22/27 | €89,770 | €57,762 | -€32,008 | -35.7% |
| Furniture and vehicles | 24 | €8,806 | €3,951 | -€4,855 | -55.1% |
| Leasing and similar rights | 25 | €80,964 | €53,811 | -€27,153 | -33.5% |
| Current assets | 29/58 | €201,512 | €232,879 | +€31,367 | +15.6% |
| Amounts receivable within one year | 40/41 | €129,832 | €150,431 | +€20,599 | +15.9% |
| Trade receivables | 40 | €129,832 | €142,220 | +€12,388 | +9.5% |
| Other amounts receivable | 41 | - | €8,211 | +€8,211 | |
| Cash at bank and in hand | 54/58 | €65,980 | €82,448 | +€16,468 | +25.0% |
| Deferred charges and accrued income | 490/1 | €5,700 | - | -€5,700 | |
| Total equity and liabilities | 10/49 | €291,282 | €290,641 | -€641 | -0.2% |
| Equity | 10/15 | €44,989 | €52,677 | +€7,688 | +17.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,989 | €42,677 | +€7,688 | +22.0% |
| Amounts payable | 17/49 | €246,293 | €237,964 | -€8,329 | -3.4% |
| Amounts payable after more than one year | 17 | €59,162 | €36,314 | -€22,848 | -38.6% |
| Financial debts | 170/4 | €59,162 | €36,314 | -€22,848 | -38.6% |
| Amounts payable within one year | 42/48 | €187,131 | €201,650 | +€14,519 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €22,499 | €22,848 | +€349 | +1.6% |
| Trade debts | 44 | €529 | €4,465 | +€3,936 | +744% |
| Suppliers | 440/4 | €529 | €4,465 | +€3,936 | +744% |
| Taxes, remuneration and social security | 45 | €52,084 | €50,313 | -€1,771 | -3.4% |
| Taxes | 450/3 | €36,793 | €37,243 | +€450 | +1.2% |
| Remuneration and social security | 454/9 | €15,291 | €13,070 | -€2,221 | -14.5% |
| Other amounts payable | 47/48 | €112,019 | €124,024 | +€12,005 | +10.7% |
| Turnover | 70 | €754,111 | €825,290 | +€71,179 | +9.4% |
| Non-recurring operating income | 76A | €14,021 | €35,069 | +€21,048 | +150% |
| Goods, raw materials, services and sundry goods | 60/61 | €450,164 | €593,790 | +€143,626 | +31.9% |
| Remuneration, social security and pensions | 62 | €114,539 | €69,700 | -€44,839 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,967 | €32,008 | +€11,041 | +52.7% |
| Other operating charges | 640/8 | €1,944 | €1,165 | -€779 | -40.1% |
| Gross operating margin | 9900 | €317,968 | €266,569 | -€51,399 | -16.2% |
| Operating profit (loss) | 9901 | €180,518 | €163,696 | -€16,822 | -9.3% |
| Financial charges | 65/66B | €2,597 | €4,219 | +€1,622 | +62.5% |
| Recurring financial charges | 65 | €2,597 | €4,219 | +€1,622 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €177,921 | €159,477 | -€18,444 | -10.4% |
| Income taxes | 67/77 | €41,641 | €31,789 | -€9,852 | -23.7% |
| Profit (loss) for the period | 9904 | €136,280 | €127,688 | -€8,592 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €136,280 | €127,688 | -€8,592 | -6.3% |
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 13 October 2026 via checked.be.