inVINity: 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.
inVINity
Largest movements
- Cash +€751,912
up €751,912 (+208.7%), from €360,232 to €1.1m
mainly Trade debts (+€436,897) and Receivables within one year (+€361,513)
- Receivables within one year -€361,513
down €361,513 (-20.2%), from €1.8m to €1.4m
of which Trade receivables: -€360,387
- Stocks and contracts -€202,972
down €202,972 (-14.2%), from €1.4m to €1.2m
- Deferred charges and accrued income -€99,818
down €99,818 (-70.2%), from €142,251 to €42,433
- Trade debts +€436,897
up €436,897 (+24.6%), from €1.8m to €2.2m
- Short-term financial debts -€325,000
down €325,000 (-100.0%), from €325,000 to €0
- Other debts -€275,000
down €275,000 (-100.0%), from €275,000 to €0
- Reserves +€208,109
up €208,109 (+19.1%), from €1.1m to €1.3m
of which Distributable reserves: +€208,109
- Tax, wage and social debts +€40,546
up €40,546 (+48.2%), from €84,147 to €124,693
of which Taxes: +€22,849
- Financial income -€115,525
down €115,525 (-100.0%), from €115,527 to €2
of which Non-recurring financial income: -€115,000
- Taxes -€52,933
down €52,933 (-40.8%), from €129,868 to €76,935
- Staff costs +€51,959
up €51,959 (+19.2%), from €269,930 to €321,888
- Write-downs +€36,097
new in 2025: €36,097
- Gross operating margin -€7,370
down €7,370 (-1.1%), from €691,071 to €683,701
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 | €3,789,461 | €3,853,096 | +€63,636 | +1.7% |
| Fixed assets | 21/28 | €66,067 | €42,094 | -€23,973 | -36.3% |
| Tangible fixed assets | 22/27 | €66,067 | €42,094 | -€23,973 | -36.3% |
| Furniture and vehicles | 24 | €66,067 | €42,094 | -€23,973 | -36.3% |
| Current assets | 29/58 | €3,723,394 | €3,811,003 | +€87,608 | +2.4% |
| Stocks and contracts in progress | 3 | €1,430,034 | €1,227,062 | -€202,972 | -14.2% |
| Stocks | 30/36 | €1,430,034 | €1,227,062 | -€202,972 | -14.2% |
| Amounts receivable within one year | 40/41 | €1,790,877 | €1,429,364 | -€361,513 | -20.2% |
| Trade receivables | 40 | €1,789,528 | €1,429,141 | -€360,387 | -20.1% |
| Other amounts receivable | 41 | €1,349 | €223 | -€1,126 | -83.5% |
| Cash at bank and in hand | 54/58 | €360,232 | €1,112,144 | +€751,912 | +208.7% |
| Deferred charges and accrued income | 490/1 | €142,251 | €42,433 | -€99,818 | -70.2% |
| Total equity and liabilities | 10/49 | €3,789,461 | €3,853,096 | +€63,636 | +1.7% |
| Equity | 10/15 | €1,309,372 | €1,517,481 | +€208,109 | +15.9% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Capital | 10 | €218,600 | €218,600 | = | 0.0% |
| Issued capital | 100 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €1,090,772 | €1,298,881 | +€208,109 | +19.1% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €1,060,772 | €1,268,881 | +€208,109 | +19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,480,089 | €2,335,616 | -€144,473 | -5.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,472,675 | €2,335,248 | -€137,427 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €14,869 | €0 | -€14,869 | -100.0% |
| Financial debts | 43 | €325,000 | €0 | -€325,000 | -100.0% |
| Credit institutions | 430/8 | €325,000 | €0 | -€325,000 | -100.0% |
| Trade debts | 44 | €1,773,659 | €2,210,556 | +€436,897 | +24.6% |
| Suppliers | 440/4 | €1,773,659 | €2,210,556 | +€436,897 | +24.6% |
| Taxes, remuneration and social security | 45 | €84,147 | €124,693 | +€40,546 | +48.2% |
| Taxes | 450/3 | €62,193 | €85,041 | +€22,849 | +36.7% |
| Remuneration and social security | 454/9 | €21,954 | €39,651 | +€17,697 | +80.6% |
| Other amounts payable | 47/48 | €275,000 | €0 | -€275,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €7,414 | €368 | -€7,047 | -95.0% |
| Non-recurring operating income | 76A | €15,874 | €0 | -€15,874 | -100.0% |
| Remuneration, social security and pensions | 62 | €269,930 | €321,888 | +€51,959 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,765 | €25,103 | +€6,339 | +33.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,097 | +€36,097 | |
| Other operating charges | 640/8 | €2,004 | €1,378 | -€626 | -31.3% |
| Gross operating margin | 9900 | €691,071 | €683,701 | -€7,370 | -1.1% |
| Operating profit (loss) | 9901 | €400,372 | €299,235 | -€101,137 | -25.3% |
| Financial income | 75/76B | €115,527 | €2 | -€115,525 | -100.0% |
| Recurring financial income | 75 | €527 | €2 | -€525 | -99.6% |
| Non-recurring financial income | 76B | €115,000 | €0 | -€115,000 | -100.0% |
| Financial charges | 65/66B | €17,853 | €14,193 | -€3,660 | -20.5% |
| Recurring financial charges | 65 | €17,853 | €14,193 | -€3,660 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €498,046 | €285,044 | -€213,002 | -42.8% |
| Income taxes | 67/77 | €129,868 | €76,935 | -€52,933 | -40.8% |
| Profit (loss) for the period | 9904 | €368,178 | €208,109 | -€160,069 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €368,178 | €208,109 | -€160,069 | -43.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.