INVICTUS GYM: 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.
INVICTUS GYM
Largest movements
- Cash +€36,347
up €36,347 (+132%), from €27,640 to €63,987
mainly Net result for the year (+€37,009) and Tax, wage and social debts (+€8,254)
- Tangible fixed assets +€9,572
up €9,572 (+111%), from €8,601 to €18,173
of which Plant, machinery and equipment: +€9,572
- Receivables within one year +€2,715
up €2,715 (+237%), from €1,144 to €3,859
of which Trade receivables: +€2,130
- Deferred charges and accrued income +€956
new in 2025: €956
- Reserves +€37,009
up €37,009 (+181%), from €20,408 to €57,417
- Tax, wage and social debts +€8,254
up €8,254 (+158%), from €5,233 to €13,487
- Other debts +€2,371
up €2,371 (+83.2%), from €2,849 to €5,220
- Trade debts +€1,955
up €1,955 (+39.9%), from €4,895 to €6,850
- Gross operating margin +€38,942
up €38,942 (+265%), from €14,722 to €53,664
- Taxes +€8,044
up €8,044 (+348%), from €2,309 to €10,352
- Other operating charges +€2,481
up €2,481 (+463%), from €536 to €3,017
- Staff costs -€682
down €682 (-94.0%), from €726 to €44
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 | €38,384 | €87,974 | +€49,589 | +129% |
| Fixed assets | 21/28 | €9,601 | €19,173 | +€9,572 | +99.7% |
| Tangible fixed assets | 22/27 | €8,601 | €18,173 | +€9,572 | +111% |
| Plant, machinery and equipment | 23 | €8,601 | €18,173 | +€9,572 | +111% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €28,783 | €68,801 | +€40,018 | +139% |
| Amounts receivable within one year | 40/41 | €1,144 | €3,859 | +€2,715 | +237% |
| Trade receivables | 40 | €200 | €2,330 | +€2,130 | +1,065% |
| Other amounts receivable | 41 | €944 | €1,529 | +€585 | +62.0% |
| Cash at bank and in hand | 54/58 | €27,640 | €63,987 | +€36,347 | +132% |
| Deferred charges and accrued income | 490/1 | - | €956 | +€956 | |
| Total equity and liabilities | 10/49 | €38,384 | €87,974 | +€49,589 | +129% |
| Equity | 10/15 | €25,408 | €62,417 | +€37,009 | +146% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,408 | €57,417 | +€37,009 | +181% |
| Distributable reserves | 133 | €20,408 | €57,417 | +€37,009 | +181% |
| Amounts payable | 17/49 | €12,977 | €25,557 | +€12,580 | +96.9% |
| Amounts payable within one year | 42/48 | €12,977 | €25,557 | +€12,580 | +96.9% |
| Trade debts | 44 | €4,895 | €6,850 | +€1,955 | +39.9% |
| Suppliers | 440/4 | €4,895 | €6,850 | +€1,955 | +39.9% |
| Taxes, remuneration and social security | 45 | €5,233 | €13,487 | +€8,254 | +158% |
| Taxes | 450/3 | €5,233 | €13,487 | +€8,254 | +158% |
| Other amounts payable | 47/48 | €2,849 | €5,220 | +€2,371 | +83.2% |
| Non-recurring operating income | 76A | - | €723 | +€723 | |
| Remuneration, social security and pensions | 62 | €726 | €44 | -€682 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,806 | €3,023 | +€217 | +7.7% |
| Other operating charges | 640/8 | €536 | €3,017 | +€2,481 | +463% |
| Gross operating margin | 9900 | €14,722 | €53,664 | +€38,942 | +265% |
| Operating profit (loss) | 9901 | €10,654 | €47,580 | +€36,926 | +347% |
| Financial income | 75/76B | €94 | €0 | -€94 | -100% |
| Recurring financial income | 75 | €94 | €0 | -€94 | -100% |
| Financial charges | 65/66B | €328 | €219 | -€109 | -33.3% |
| Recurring financial charges | 65 | €328 | €219 | -€109 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €10,420 | €47,362 | +€36,941 | +355% |
| Income taxes | 67/77 | €2,309 | €10,352 | +€8,044 | +348% |
| Profit (loss) for the period | 9904 | €8,112 | €37,009 | +€28,898 | +356% |
| Profit (loss) for the period to be appropriated | 9905 | €8,112 | €37,009 | +€28,898 | +356% |
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.