INVIMO: 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.
INVIMO
Largest movements
- Cash -€57,721
down €57,721 (-16.4%), from €352,376 to €294,655
mainly Debts after one year (-€133,089) and Tax, wage and social debts (-€45,000)
- Tangible fixed assets +€4,524
up €4,524 (+5.0%), from €89,952 to €94,476
of which Furniture and vehicles: +€6,063
- Debts after one year -€133,089
down €133,089 (-100%), from €133,089 to €0
- Other debts +€116,891
up €116,891, from €0 to €116,891
- Tax, wage and social debts -€45,000
down €45,000 (-100%), from €45,000 to €0
- Trade debts +€37,169
up €37,169 (+4,790%), from €776 to €37,945
- Profit (loss) carried forward -€28,047
down €28,047 (-15.3%), from €183,013 to €154,966
- Gross operating margin -€191,464
down €191,464, from €171,206 to -€20,258
- Taxes -€49,126
down €49,126, from €40,745 to -€8,381
- Other operating charges +€4,277
up €4,277 (+54.3%), from €7,882 to €12,159
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 | €442,328 | €390,252 | -€52,076 | -11.8% |
| Fixed assets | 21/28 | €89,952 | €94,476 | +€4,524 | +5.0% |
| Tangible fixed assets | 22/27 | €89,952 | €94,476 | +€4,524 | +5.0% |
| Land and buildings | 22 | €81,351 | €81,351 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,601 | €7,063 | -€1,538 | -17.9% |
| Furniture and vehicles | 24 | €0 | €6,063 | +€6,063 | |
| Current assets | 29/58 | €352,376 | €295,776 | -€56,600 | -16.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €352,376 | €294,655 | -€57,721 | -16.4% |
| Deferred charges and accrued income | 490/1 | - | €1,121 | +€1,121 | |
| Total equity and liabilities | 10/49 | €442,328 | €390,252 | -€52,076 | -11.8% |
| Equity | 10/15 | €259,563 | €231,516 | -€28,047 | -10.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €75,000 | +€75,000 | |
| Other | 1109/19 | - | €75,000 | +€75,000 | |
| Reserves | 13 | €1,550 | €1,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,550 | €1,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,550 | €1,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,013 | €154,966 | -€28,047 | -15.3% |
| Amounts payable | 17/49 | €182,765 | €158,736 | -€24,029 | -13.1% |
| Amounts payable after more than one year | 17 | €133,089 | €0 | -€133,089 | -100% |
| Financial debts | 170/4 | €133,089 | €0 | -€133,089 | -100% |
| Amounts payable within one year | 42/48 | €49,676 | €158,736 | +€109,060 | +220% |
| Current portion of amounts payable after more than one year | 42 | €3,900 | €3,900 | = | 0.0% |
| Trade debts | 44 | €776 | €37,945 | +€37,169 | +4,790% |
| Suppliers | 440/4 | €776 | €37,945 | +€37,169 | +4,790% |
| Taxes, remuneration and social security | 45 | €45,000 | €0 | -€45,000 | -100% |
| Taxes | 450/3 | €45,000 | €0 | -€45,000 | -100% |
| Other amounts payable | 47/48 | €0 | €116,891 | +€116,891 | |
| Non-recurring operating income | 76A | €174,967 | €0 | -€174,967 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,239 | €3,932 | +€1,693 | +75.6% |
| Other operating charges | 640/8 | €7,882 | €12,159 | +€4,277 | +54.3% |
| Gross operating margin | 9900 | €171,206 | -€20,258 | -€191,464 | |
| Operating profit (loss) | 9901 | €161,085 | -€36,349 | -€197,434 | |
| Financial income | 75/76B | €2 | €6 | +€4 | +275% |
| Recurring financial income | 75 | €2 | €6 | +€4 | +275% |
| Financial charges | 65/66B | €84 | €85 | +€1 | +0.6% |
| Recurring financial charges | 65 | €84 | €85 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €161,003 | -€36,427 | -€197,430 | |
| Income taxes | 67/77 | €40,745 | -€8,381 | -€49,126 | |
| Profit (loss) for the period | 9904 | €120,258 | -€28,047 | -€148,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €120,258 | -€28,047 | -€148,305 |
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 17 October 2026 via checked.be.