Invinit: 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.
Invinit
Largest movements
- Cash -€87,829
down €87,829 (-66.7%), from €131,720 to €43,891
mainly Contributions, distributions and other (-€94,000) and Current investments (-€70,314)
- Current investments +€70,314
new in 2025: €70,314
- Receivables within one year -€10,837
down €10,837 (-44.3%), from €24,450 to €13,613
of which Other amounts receivable: -€6,766
- Tangible fixed assets -€8,102
down €8,102 (-35.7%), from €22,675 to €14,573
of which Furniture and vehicles: -€8,840
- Deferred charges and accrued income -€2,489
down €2,489 (-77.7%), from €3,204 to €715
- Reserves -€31,000
down €31,000 (-23.3%), from €132,860 to €101,860
- Debts after one year -€8,232
down €8,232 (-100%), from €8,232 to €0
- Gross operating margin +€6,328
up €6,328 (+7.3%), from €86,516 to €92,844
- Taxes +€2,188
up €2,188 (+13.3%), from €16,425 to €18,613
- Depreciation +€1,344
up €1,344 (+14.1%), from €9,540 to €10,884
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 | €182,138 | €143,194 | -€38,944 | -21.4% |
| Fixed assets | 21/28 | €22,765 | €14,663 | -€8,102 | -35.6% |
| Tangible fixed assets | 22/27 | €22,675 | €14,573 | -€8,102 | -35.7% |
| Furniture and vehicles | 24 | €15,452 | €6,612 | -€8,840 | -57.2% |
| Other tangible fixed assets | 26 | €7,223 | €7,961 | +€738 | +10.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €159,374 | €128,532 | -€30,842 | -19.4% |
| Amounts receivable within one year | 40/41 | €24,450 | €13,613 | -€10,837 | -44.3% |
| Trade receivables | 40 | €17,684 | €13,613 | -€4,071 | -23.0% |
| Other amounts receivable | 41 | €6,766 | €0 | -€6,766 | -100% |
| Current investments | 50/53 | - | €70,314 | +€70,314 | |
| Cash at bank and in hand | 54/58 | €131,720 | €43,891 | -€87,829 | -66.7% |
| Deferred charges and accrued income | 490/1 | €3,204 | €715 | -€2,489 | -77.7% |
| Total equity and liabilities | 10/49 | €182,138 | €143,194 | -€38,944 | -21.4% |
| Equity | 10/15 | €152,100 | €120,823 | -€31,277 | -20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,860 | €101,860 | -€31,000 | -23.3% |
| Distributable reserves | 133 | €132,860 | €101,860 | -€31,000 | -23.3% |
| Profit (loss) carried forward | 14 | €640 | €363 | -€277 | -43.3% |
| Amounts payable | 17/49 | €30,039 | €22,372 | -€7,667 | -25.5% |
| Amounts payable after more than one year | 17 | €8,232 | €0 | -€8,232 | -100% |
| Financial debts | 170/4 | €8,232 | €0 | -€8,232 | -100% |
| Amounts payable within one year | 42/48 | €21,516 | €22,372 | +€855 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €9,790 | €8,232 | -€1,558 | -15.9% |
| Trade debts | 44 | €1,234 | €1,917 | +€683 | +55.4% |
| Suppliers | 440/4 | €1,234 | €1,917 | +€683 | +55.4% |
| Taxes, remuneration and social security | 45 | €10,492 | €12,222 | +€1,730 | +16.5% |
| Taxes | 450/3 | €10,492 | €11,889 | +€1,397 | +13.3% |
| Remuneration and social security | 454/9 | - | €333 | +€333 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €290 | €0 | -€290 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,540 | €10,884 | +€1,344 | +14.1% |
| Other operating charges | 640/8 | €1,018 | €1,041 | +€24 | +2.3% |
| Gross operating margin | 9900 | €86,516 | €92,844 | +€6,328 | +7.3% |
| Operating profit (loss) | 9901 | €75,959 | €80,919 | +€4,960 | +6.5% |
| Financial income | 75/76B | €285 | €709 | +€424 | +149% |
| Recurring financial income | 75 | €285 | €709 | +€424 | +149% |
| Financial charges | 65/66B | €397 | €292 | -€105 | -26.3% |
| Recurring financial charges | 65 | €397 | €292 | -€105 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €75,847 | €81,336 | +€5,489 | +7.2% |
| Income taxes | 67/77 | €16,425 | €18,613 | +€2,188 | +13.3% |
| Profit (loss) for the period | 9904 | €59,422 | €62,723 | +€3,301 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,422 | €62,723 | +€3,301 | +5.6% |
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 23 October 2026 via checked.be.