InvigoLaw: 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.
InvigoLaw
Largest movements
- Receivables within one year -€234,566
down €234,566 (-60.7%), from €386,514 to €151,948
of which Other amounts receivable: -€270,697
- Cash +€30,785
up €30,785 (+128%), from €24,013 to €54,798
mainly Receivables within one year (+€234,566) and Net result for the year (+€119,861)
- Tangible fixed assets -€22,365
down €22,365 (-17.0%), from €131,415 to €109,050
of which Furniture and vehicles: -€16,736
- Deferred charges and accrued income +€10,111
up €10,111 (+17.0%), from €59,561 to €69,673
- Reserves -€293,191
down €293,191 (-44.3%), from €661,692 to €368,501
of which Distributable reserves: -€293,191
- Tax, wage and social debts +€59,203
up €59,203 (+705%), from €8,401 to €67,604
of which Taxes: +€58,024
- Trade debts +€43,169
new in 2025: €43,169
- Accrued charges and deferred income -€20,488
down €20,488 (-73.1%), from €28,046 to €7,558
- Debts after one year -€18,199
down €18,199 (-28.7%), from €63,442 to €45,243
- Gross operating margin +€116,493
up €116,493 (+77.8%), from €149,667 to €266,160
- Taxes +€35,458
up €35,458 (+125%), from €28,359 to €63,817
- Staff costs +€17,548
up €17,548 (+44.7%), from €39,291 to €56,840
- Financial income -€4,803
down €4,803 (-63.1%), from €7,610 to €2,807
- Depreciation +€4,445
up €4,445 (+24.8%), from €17,919 to €22,365
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 | €791,503 | €575,469 | -€216,034 | -27.3% |
| Fixed assets | 21/28 | €131,415 | €109,050 | -€22,365 | -17.0% |
| Tangible fixed assets | 22/27 | €131,415 | €109,050 | -€22,365 | -17.0% |
| Plant, machinery and equipment | 23 | €19,875 | €14,247 | -€5,629 | -28.3% |
| Furniture and vehicles | 24 | €94,956 | €78,220 | -€16,736 | -17.6% |
| Other tangible fixed assets | 26 | €16,584 | €16,584 | = | 0.0% |
| Current assets | 29/58 | €660,088 | €466,419 | -€193,670 | -29.3% |
| Amounts receivable after more than one year | 29 | €190,000 | €190,000 | = | 0.0% |
| Other amounts receivable | 291 | €190,000 | €190,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €386,514 | €151,948 | -€234,566 | -60.7% |
| Trade receivables | 40 | €88,120 | €124,251 | +€36,131 | +41.0% |
| Other amounts receivable | 41 | €298,394 | €27,697 | -€270,697 | -90.7% |
| Cash at bank and in hand | 54/58 | €24,013 | €54,798 | +€30,785 | +128% |
| Deferred charges and accrued income | 490/1 | €59,561 | €69,673 | +€10,111 | +17.0% |
| Total equity and liabilities | 10/49 | €791,503 | €575,469 | -€216,034 | -27.3% |
| Equity | 10/15 | €674,092 | €380,901 | -€293,191 | -43.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €661,692 | €368,501 | -€293,191 | -44.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €659,832 | €366,641 | -€293,191 | -44.4% |
| Amounts payable | 17/49 | €117,411 | €194,568 | +€77,157 | +65.7% |
| Amounts payable after more than one year | 17 | €63,442 | €45,243 | -€18,199 | -28.7% |
| Financial debts | 170/4 | €63,442 | €45,243 | -€18,199 | -28.7% |
| Amounts payable within one year | 42/48 | €25,923 | €141,767 | +€115,844 | +447% |
| Current portion of amounts payable after more than one year | 42 | €17,523 | €18,199 | +€677 | +3.9% |
| Trade debts | 44 | - | €43,169 | +€43,169 | |
| Suppliers | 440/4 | - | €43,169 | +€43,169 | |
| Taxes, remuneration and social security | 45 | €8,401 | €67,604 | +€59,203 | +705% |
| Taxes | 450/3 | €5,952 | €63,977 | +€58,024 | +975% |
| Remuneration and social security | 454/9 | €2,448 | €3,627 | +€1,179 | +48.1% |
| Other amounts payable | 47/48 | - | €12,795 | +€12,795 | |
| Accrued charges and deferred income | 492/3 | €28,046 | €7,558 | -€20,488 | -73.1% |
| Remuneration, social security and pensions | 62 | €39,291 | €56,840 | +€17,548 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,919 | €22,365 | +€4,445 | +24.8% |
| Other operating charges | 640/8 | €2,953 | €2,543 | -€410 | -13.9% |
| Non-recurring operating charges | 66A | €29,813 | - | -€29,813 | |
| Gross operating margin | 9900 | €149,667 | €266,160 | +€116,493 | +77.8% |
| Operating profit (loss) | 9901 | €59,690 | €184,412 | +€124,723 | +209% |
| Financial income | 75/76B | €7,610 | €2,807 | -€4,803 | -63.1% |
| Recurring financial income | 75 | €7,610 | €2,807 | -€4,803 | -63.1% |
| Financial charges | 65/66B | €3,217 | €3,542 | +€325 | +10.1% |
| Recurring financial charges | 65 | €3,217 | €3,542 | +€325 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €64,083 | €183,678 | +€119,595 | +187% |
| Income taxes | 67/77 | €28,359 | €63,817 | +€35,458 | +125% |
| Profit (loss) for the period | 9904 | €35,724 | €119,861 | +€84,137 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €35,724 | €119,861 | +€84,137 | +236% |
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 24 October 2026 via checked.be.