INVISIA: 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.
INVISIA
Largest movements
- Receivables within one year +€13,412
up €13,412 (+65.7%), from €20,410 to €33,823
of which Trade receivables: +€14,963
- Cash -€11,610
down €11,610 (-21.4%), from €54,332 to €42,722
mainly Receivables within one year (-€13,412) and Tax, wage and social debts (-€11,131)
- Stocks and contracts -€6,354
down €6,354 (-30.5%), from €20,842 to €14,488
- Reserves +€12,431
up €12,431 (+27.3%), from €45,503 to €57,934
of which Distributable reserves: +€12,431
- Tax, wage and social debts -€11,131
down €11,131 (-92.6%), from €12,017 to €887
- Other debts -€9,167
down €9,167 (-41.0%), from €22,383 to €13,216
- Accrued charges and deferred income +€5,422
new in 2025: €5,422
- Debts after one year -€2,592
no longer reported in 2025 (was €2,592)
- Gross operating margin -€29,758
down €29,758 (-60.4%), from €49,248 to €19,490
- Taxes -€10,997
down €10,997 (-68.7%), from €16,017 to €5,021
- Depreciation +€750
up €750 (+300%), from €250 to €1,000
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 | €105,334 | €99,782 | -€5,552 | -5.3% |
| Fixed assets | 21/28 | €9,750 | €8,750 | -€1,000 | -10.3% |
| Tangible fixed assets | 22/27 | €9,750 | €8,750 | -€1,000 | -10.3% |
| Plant, machinery and equipment | 23 | €9,750 | €8,750 | -€1,000 | -10.3% |
| Current assets | 29/58 | €95,584 | €91,032 | -€4,552 | -4.8% |
| Stocks and contracts in progress | 3 | €20,842 | €14,488 | -€6,354 | -30.5% |
| Stocks | 30/36 | €20,842 | €14,488 | -€6,354 | -30.5% |
| Amounts receivable within one year | 40/41 | €20,410 | €33,823 | +€13,412 | +65.7% |
| Trade receivables | 40 | €18,860 | €33,823 | +€14,963 | +79.3% |
| Other amounts receivable | 41 | €1,551 | - | -€1,551 | |
| Cash at bank and in hand | 54/58 | €54,332 | €42,722 | -€11,610 | -21.4% |
| Total equity and liabilities | 10/49 | €105,334 | €99,782 | -€5,552 | -5.3% |
| Equity | 10/15 | €64,103 | €76,534 | +€12,431 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,503 | €57,934 | +€12,431 | +27.3% |
| Non-distributable reserves | 130/1 | €3 | €3 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3 | €3 | = | 0.0% |
| Distributable reserves | 133 | €45,500 | €57,931 | +€12,431 | +27.3% |
| Amounts payable | 17/49 | €41,231 | €23,249 | -€17,983 | -43.6% |
| Amounts payable after more than one year | 17 | €2,592 | - | -€2,592 | |
| Financial debts | 170/4 | €2,592 | - | -€2,592 | |
| Amounts payable within one year | 42/48 | €38,639 | €17,826 | -€20,813 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €3,857 | €2,592 | -€1,265 | -32.8% |
| Trade debts | 44 | €382 | €1,131 | +€749 | +196% |
| Suppliers | 440/4 | €382 | €1,131 | +€749 | +196% |
| Taxes, remuneration and social security | 45 | €12,017 | €887 | -€11,131 | -92.6% |
| Taxes | 450/3 | €12,017 | €887 | -€11,131 | -92.6% |
| Other amounts payable | 47/48 | €22,383 | €13,216 | -€9,167 | -41.0% |
| Accrued charges and deferred income | 492/3 | - | €5,422 | +€5,422 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €1,000 | +€750 | +300% |
| Other operating charges | 640/8 | €1,181 | €1,014 | -€167 | -14.2% |
| Gross operating margin | 9900 | €49,248 | €19,490 | -€29,758 | -60.4% |
| Operating profit (loss) | 9901 | €47,816 | €17,476 | -€30,340 | -63.5% |
| Financial income | 75/76B | €525 | €435 | -€90 | -17.2% |
| Recurring financial income | 75 | €525 | €435 | -€90 | -17.2% |
| Financial charges | 65/66B | €507 | €459 | -€47 | -9.3% |
| Recurring financial charges | 65 | €507 | €459 | -€47 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €47,835 | €17,452 | -€30,383 | -63.5% |
| Income taxes | 67/77 | €16,017 | €5,021 | -€10,997 | -68.7% |
| Profit (loss) for the period | 9904 | €31,817 | €12,431 | -€19,386 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,817 | €12,431 | -€19,386 | -60.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.