Invigorate: 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.
Invigorate
Largest movements
- Receivables within one year +€40,505
up €40,505 (+82.2%), from €49,248 to €89,753
of which Trade receivables: +€42,043
- Cash +€29,640
up €29,640 (+93.5%), from €31,717 to €61,357
mainly Other debts (+€70,029) and Net result for the year (+€59,861)
- Tangible fixed assets -€2,024
down €2,024 (-50.9%), from €3,977 to €1,953
- Other debts +€70,029
new in 2025: €70,029
- Profit (loss) carried forward -€10,139
down €10,139 (-38.7%), from €26,170 to €16,031
- Tax, wage and social debts +€4,655
new in 2025: €4,655
- Trade debts +€3,573
up €3,573 (+7.2%), from €49,909 to €53,482
- Gross operating margin +€66,184
up €66,184 (+388%), from €17,059 to €83,243
- Taxes +€16,921
up €16,921 (+451%), from €3,751 to €20,672
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 | €86,079 | €154,196 | +€68,118 | +79.1% |
| Fixed assets | 21/28 | €3,977 | €1,953 | -€2,024 | -50.9% |
| Tangible fixed assets | 22/27 | €3,977 | €1,953 | -€2,024 | -50.9% |
| Plant, machinery and equipment | 23 | €3,977 | €1,953 | -€2,024 | -50.9% |
| Current assets | 29/58 | €82,102 | €152,244 | +€70,142 | +85.4% |
| Amounts receivable within one year | 40/41 | €49,248 | €89,753 | +€40,505 | +82.2% |
| Trade receivables | 40 | €34,122 | €76,165 | +€42,043 | +123% |
| Other amounts receivable | 41 | €15,127 | €13,588 | -€1,539 | -10.2% |
| Cash at bank and in hand | 54/58 | €31,717 | €61,357 | +€29,640 | +93.5% |
| Deferred charges and accrued income | 490/1 | €1,137 | €1,134 | -€3 | -0.3% |
| Total equity and liabilities | 10/49 | €86,079 | €154,196 | +€68,118 | +79.1% |
| Equity | 10/15 | €36,170 | €26,031 | -€10,139 | -28.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,170 | €16,031 | -€10,139 | -38.7% |
| Amounts payable | 17/49 | €49,909 | €128,166 | +€78,257 | +157% |
| Amounts payable within one year | 42/48 | €49,909 | €128,166 | +€78,257 | +157% |
| Trade debts | 44 | €49,909 | €53,482 | +€3,573 | +7.2% |
| Suppliers | 440/4 | €49,909 | €53,482 | +€3,573 | +7.2% |
| Taxes, remuneration and social security | 45 | - | €4,655 | +€4,655 | |
| Taxes | 450/3 | - | €4,655 | +€4,655 | |
| Other amounts payable | 47/48 | - | €70,029 | +€70,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,024 | €2,024 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €17,059 | €83,243 | +€66,184 | +388% |
| Operating profit (loss) | 9901 | €14,647 | €80,819 | +€66,172 | +452% |
| Financial income | 75/76B | €2 | €59 | +€57 | +3,194% |
| Recurring financial income | 75 | €2 | €59 | +€57 | +3,194% |
| Financial charges | 65/66B | €117 | €345 | +€228 | +195% |
| Recurring financial charges | 65 | €117 | €345 | +€228 | +195% |
| Profit (loss) for the period before taxes | 9903 | €14,532 | €80,533 | +€66,001 | +454% |
| Income taxes | 67/77 | €3,751 | €20,672 | +€16,921 | +451% |
| Profit (loss) for the period | 9904 | €10,782 | €59,861 | +€49,079 | +455% |
| Profit (loss) for the period to be appropriated | 9905 | €10,782 | €59,861 | +€49,079 | +455% |
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 23 October 2026 via checked.be.