INVIMA: 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.
INVIMA
Largest movements
- Tangible fixed assets -€15,678
down €15,678 (-3.0%), from €520,409 to €504,731
- Debts after one year -€45,321
down €45,321 (-13.8%), from €328,339 to €283,017
- Reserves +€31,971
up €31,971 (+25.4%), from €125,962 to €157,934
- Other debts -€6,499
down €6,499 (-100%), from €6,499 to €0
- Other operating charges -€3,625
down €3,625 (-86.7%), from €4,181 to €555
- Gross operating margin -€1,706
down €1,706 (-2.6%), from €66,335 to €64,629
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 | €531,924 | €513,429 | -€18,495 | -3.5% |
| Fixed assets | 21/28 | €520,409 | €504,731 | -€15,678 | -3.0% |
| Tangible fixed assets | 22/27 | €520,409 | €504,731 | -€15,678 | -3.0% |
| Land and buildings | 22 | €520,409 | €504,731 | -€15,678 | -3.0% |
| Current assets | 29/58 | €11,515 | €8,698 | -€2,817 | -24.5% |
| Amounts receivable within one year | 40/41 | €4,529 | €498 | -€4,030 | -89.0% |
| Trade receivables | 40 | €3,656 | €0 | -€3,656 | -100% |
| Other amounts receivable | 41 | €873 | €498 | -€375 | -42.9% |
| Cash at bank and in hand | 54/58 | €5,765 | €6,918 | +€1,153 | +20.0% |
| Deferred charges and accrued income | 490/1 | €1,221 | €1,281 | +€60 | +4.9% |
| Total equity and liabilities | 10/49 | €531,924 | €513,429 | -€18,495 | -3.5% |
| Equity | 10/15 | €150,962 | €182,934 | +€31,971 | +21.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €125,962 | €157,934 | +€31,971 | +25.4% |
| Distributable reserves | 133 | €125,962 | €157,934 | +€31,971 | +25.4% |
| Amounts payable | 17/49 | €380,961 | €330,496 | -€50,466 | -13.2% |
| Amounts payable after more than one year | 17 | €328,339 | €283,017 | -€45,321 | -13.8% |
| Financial debts | 170/4 | €328,339 | €283,017 | -€45,321 | -13.8% |
| Amounts payable within one year | 42/48 | €52,623 | €47,478 | -€5,144 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €44,624 | €45,321 | +€697 | +1.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,500 | €1,500 | = | 0.0% |
| Suppliers | 440/4 | €1,500 | €1,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | €657 | +€657 | |
| Taxes | 450/3 | €0 | €657 | +€657 | |
| Other amounts payable | 47/48 | €6,499 | €0 | -€6,499 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,616 | €15,678 | +€62 | +0.4% |
| Other operating charges | 640/8 | €4,181 | €555 | -€3,625 | -86.7% |
| Gross operating margin | 9900 | €66,335 | €64,629 | -€1,706 | -2.6% |
| Operating profit (loss) | 9901 | €46,538 | €48,396 | +€1,858 | +4.0% |
| Financial charges | 65/66B | €5,963 | €5,768 | -€195 | -3.3% |
| Recurring financial charges | 65 | €5,963 | €5,768 | -€195 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €40,576 | €42,628 | +€2,053 | +5.1% |
| Income taxes | 67/77 | €10,144 | €10,657 | +€513 | +5.1% |
| Profit (loss) for the period | 9904 | €30,432 | €31,971 | +€1,539 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,432 | €31,971 | +€1,539 | +5.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.