INVICEMM: what changed
Two fiscal 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.
INVICEMM
Largest movements
- Cash -€7,700
down €7,700 (-36.9%), from €20,888 to €13,188
mainly Tax, wage and social debts (-€12,527) and Contributions, distributions and other (-€7,143)
- Receivables within one year -€3,740
no longer reported in 2025 (was €3,740)
of which Trade receivables: -€3,600
- Formation expenses -€692
no longer reported in 2025 (was €692)
- Tangible fixed assets -€497
down €497 (-13.0%), from €3,831 to €3,334
of which Other tangible fixed assets: -€497
- Tax, wage and social debts -€12,527
down €12,527 (-80.8%), from €15,510 to €2,983
- Other debts -€1,459
down €1,459 (-95.4%), from €1,529 to €70
- Profit (loss) carried forward +€927
up €927 (+1.2%), from -€74,732 to -€73,805
- Trade debts +€430
up €430 (+51.3%), from €839 to €1,269
- Gross operating margin -€35,757
down €35,757 (-69.4%), from €51,526 to €15,769
- Taxes -€11,207
down €11,207 (-68.4%), from €16,384 to €5,177
- Depreciation -€3,879
down €3,879 (-76.5%), from €5,068 to €1,189
- Other operating charges +€526
up €526 (+69.9%), from €752 to €1,278
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 | €29,151 | €16,522 | -€12,629 | -43.3% |
| Formation expenses | 20 | €692 | - | -€692 | |
| Fixed assets | 21/28 | €3,831 | €3,334 | -€497 | -13.0% |
| Tangible fixed assets | 22/27 | €3,831 | €3,334 | -€497 | -13.0% |
| Furniture and vehicles | 24 | €1,200 | €1,200 | = | 0.0% |
| Other tangible fixed assets | 26 | €2,631 | €2,134 | -€497 | -18.9% |
| Current assets | 29/58 | €24,628 | €13,188 | -€11,440 | -46.5% |
| Amounts receivable within one year | 40/41 | €3,740 | - | -€3,740 | |
| Trade receivables | 40 | €3,600 | - | -€3,600 | |
| Other amounts receivable | 41 | €140 | - | -€140 | |
| Cash at bank and in hand | 54/58 | €20,888 | €13,188 | -€7,700 | -36.9% |
| Total equity and liabilities | 10/49 | €29,151 | €16,522 | -€12,629 | -43.3% |
| Equity | 10/15 | €11,273 | €12,200 | +€927 | +8.2% |
| Contributions | 10/11 | €14,355 | €14,355 | = | 0.0% |
| Reserves | 13 | €71,650 | €71,650 | = | 0.0% |
| Distributable reserves | 133 | €71,650 | €71,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,732 | -€73,805 | +€927 | +1.2% |
| Amounts payable | 17/49 | €17,878 | €4,322 | -€13,556 | -75.8% |
| Amounts payable within one year | 42/48 | €17,878 | €4,322 | -€13,556 | -75.8% |
| Trade debts | 44 | €839 | €1,269 | +€430 | +51.3% |
| Suppliers | 440/4 | €839 | €1,269 | +€430 | +51.3% |
| Taxes, remuneration and social security | 45 | €15,510 | €2,983 | -€12,527 | -80.8% |
| Taxes | 450/3 | €15,510 | €2,983 | -€12,527 | -80.8% |
| Other amounts payable | 47/48 | €1,529 | €70 | -€1,459 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,068 | €1,189 | -€3,879 | -76.5% |
| Other operating charges | 640/8 | €752 | €1,278 | +€526 | +69.9% |
| Gross operating margin | 9900 | €51,526 | €15,769 | -€35,757 | -69.4% |
| Operating profit (loss) | 9901 | €45,706 | €13,302 | -€32,404 | -70.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €238 | €55 | -€183 | -76.9% |
| Recurring financial charges | 65 | €238 | €55 | -€183 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €45,469 | €13,247 | -€32,222 | -70.9% |
| Income taxes | 67/77 | €16,384 | €5,177 | -€11,207 | -68.4% |
| Profit (loss) for the period | 9904 | €29,085 | €8,070 | -€21,015 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,085 | €8,070 | -€21,015 | -72.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.