INVIMEX: 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.
INVIMEX
Largest movements
- Tangible fixed assets +€55,634
up €55,634 (+34.1%), from €163,039 to €218,673
of which Land and buildings: +€58,260
- Debts after one year +€44,507
up €44,507 (+45.2%), from €98,518 to €143,026
of which Financial debts: +€45,040
- Profit (loss) carried forward +€16,989
up €16,989 (+7.6%), from -€224,815 to -€207,825
- Other debts -€6,462
down €6,462 (-23.8%), from €27,115 to €20,653
- Trade debts -€3,786
down €3,786 (-49.3%), from €7,678 to €3,891
- Current portion of long-term debt +€2,591
up €2,591 (+25.4%), from €10,181 to €12,772
- Gross operating margin +€21,640
up €21,640 (+135.4%), from €15,987 to €37,627
- Depreciation +€8,537
up €8,537 (+782.6%), from €1,091 to €9,628
- Financial charges +€2,693
up €2,693 (+173.2%), from €1,555 to €4,248
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 | €166,673 | €220,577 | +€53,903 | +32.3% |
| Fixed assets | 21/28 | €163,039 | €218,673 | +€55,634 | +34.1% |
| Tangible fixed assets | 22/27 | €163,039 | €218,673 | +€55,634 | +34.1% |
| Land and buildings | 22 | €160,413 | €218,673 | +€58,260 | +36.3% |
| Plant, machinery and equipment | 23 | €2,626 | - | -€2,626 | |
| Current assets | 29/58 | €3,634 | €1,904 | -€1,731 | -47.6% |
| Cash at bank and in hand | 54/58 | €1,592 | €414 | -€1,178 | -74.0% |
| Deferred charges and accrued income | 490/1 | €2,043 | €1,490 | -€553 | -27.1% |
| Total equity and liabilities | 10/49 | €166,673 | €220,577 | +€53,903 | +32.3% |
| Equity | 10/15 | €22,369 | €39,359 | +€16,989 | +75.9% |
| Contributions | 10/11 | €247,184 | €247,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€224,815 | -€207,825 | +€16,989 | +7.6% |
| Amounts payable | 17/49 | €144,304 | €181,218 | +€36,914 | +25.6% |
| Amounts payable after more than one year | 17 | €98,518 | €143,026 | +€44,507 | +45.2% |
| Financial debts | 170/4 | €97,985 | €143,026 | +€45,040 | +46.0% |
| Other amounts payable | 178/9 | €533 | - | -€533 | |
| Amounts payable within one year | 42/48 | €45,785 | €38,192 | -€7,593 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €10,181 | €12,772 | +€2,591 | +25.4% |
| Financial debts | 43 | €811 | €875 | +€64 | +7.8% |
| Credit institutions | 430/8 | €811 | €875 | +€64 | +7.8% |
| Trade debts | 44 | €7,678 | €3,891 | -€3,786 | -49.3% |
| Suppliers | 440/4 | €7,678 | €3,891 | -€3,786 | -49.3% |
| Other amounts payable | 47/48 | €27,115 | €20,653 | -€6,462 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,091 | €9,628 | +€8,537 | +782.6% |
| Other operating charges | 640/8 | €6,572 | €6,763 | +€191 | +2.9% |
| Gross operating margin | 9900 | €15,987 | €37,627 | +€21,640 | +135.4% |
| Operating profit (loss) | 9901 | €8,324 | €21,237 | +€12,912 | +155.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,555 | €4,248 | +€2,693 | +173.2% |
| Recurring financial charges | 65 | €1,555 | €4,248 | +€2,693 | +173.2% |
| Profit (loss) for the period before taxes | 9903 | €6,770 | €16,989 | +€10,220 | +151.0% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €6,770 | €16,989 | +€10,220 | +151.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,770 | €16,989 | +€10,220 | +151.0% |
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 5 October 2026 via checked.be.