INVISA: 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.
INVISA
Largest movements
- Cash +€64,302
up €64,302 (+16.7%), from €384,977 to €449,279
mainly Other debts (+€75,486) and Net result for the year (+€56,417)
- Other debts +€75,486
up €75,486 (+13.8%), from €548,219 to €623,705
- Gross operating margin +€11,215
up €11,215 (+9.8%), from €113,925 to €125,140
- Taxes +€2,981
up €2,981 (+13.0%), from €23,000 to €25,981
- Financial charges +€1,624
up €1,624 (+4.2%), from €39,007 to €40,631
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 | €4,117,633 | €4,183,696 | +€66,063 | +1.6% |
| Fixed assets | 21/28 | €3,728,004 | €3,733,528 | +€5,524 | +0.1% |
| Tangible fixed assets | 22/27 | €1,507 | €7,031 | +€5,524 | +367% |
| Land and buildings | 22 | €1,037 | €839 | -€198 | -19.0% |
| Furniture and vehicles | 24 | €470 | €6,191 | +€5,721 | +1,217% |
| Financial fixed assets | 28 | €3,726,497 | €3,726,497 | = | 0.0% |
| Current assets | 29/58 | €389,629 | €450,168 | +€60,540 | +15.5% |
| Amounts receivable within one year | 40/41 | €4,500 | €734 | -€3,766 | -83.7% |
| Trade receivables | 40 | - | €734 | +€734 | |
| Other amounts receivable | 41 | €4,500 | €0 | -€4,500 | -100% |
| Cash at bank and in hand | 54/58 | €384,977 | €449,279 | +€64,302 | +16.7% |
| Deferred charges and accrued income | 490/1 | €152 | €156 | +€4 | +2.4% |
| Total equity and liabilities | 10/49 | €4,117,633 | €4,183,696 | +€66,063 | +1.6% |
| Equity | 10/15 | €3,529,366 | €3,513,541 | -€15,826 | -0.4% |
| Contributions | 10/11 | €2,600,000 | €2,600,000 | = | 0.0% |
| Reserves | 13 | €929,366 | €913,541 | -€15,826 | -1.7% |
| Distributable reserves | 133 | €929,366 | €913,541 | -€15,826 | -1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €588,266 | €670,156 | +€81,889 | +13.9% |
| Amounts payable within one year | 42/48 | €549,722 | €630,108 | +€80,385 | +14.6% |
| Trade debts | 44 | €206 | €240 | +€33 | +16.2% |
| Suppliers | 440/4 | €206 | €240 | +€33 | +16.2% |
| Taxes, remuneration and social security | 45 | €1,297 | €6,163 | +€4,866 | +375% |
| Taxes | 450/3 | €1,297 | €6,163 | +€4,866 | +375% |
| Other amounts payable | 47/48 | €548,219 | €623,705 | +€75,486 | +13.8% |
| Accrued charges and deferred income | 492/3 | €38,544 | €40,048 | +€1,504 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,231 | €873 | -€358 | -29.1% |
| Other operating charges | 640/8 | €1,457 | €1,239 | -€218 | -15.0% |
| Gross operating margin | 9900 | €113,925 | €125,140 | +€11,215 | +9.8% |
| Operating profit (loss) | 9901 | €111,237 | €123,028 | +€11,791 | +10.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €39,007 | €40,631 | +€1,624 | +4.2% |
| Recurring financial charges | 65 | €39,007 | €40,631 | +€1,624 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €72,230 | €82,397 | +€10,167 | +14.1% |
| Income taxes | 67/77 | €23,000 | €25,981 | +€2,981 | +13.0% |
| Profit (loss) for the period | 9904 | €49,230 | €56,417 | +€7,187 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,230 | €56,417 | +€7,187 | +14.6% |
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 13 October 2026 via checked.be.