Invisible Inc.: 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.
Invisible Inc.
Largest movements
- Tangible fixed assets +€21,137
up €21,137 (+49.2%), from €42,943 to €64,080
of which Furniture and vehicles: +€20,114
- Cash -€15,260
down €15,260 (-4.9%), from €310,837 to €295,578
mainly Investment in fixed assets (net) (-€46,715) and Trade debts (-€16,267)
- Receivables within one year +€11,828
up €11,828 (+15.6%), from €75,714 to €87,542
of which Trade receivables: +€13,948
- Intangible fixed assets +€7,152
new in 2025: €7,152
- Reserves +€42,595
up €42,595 (+12.5%), from €341,387 to €383,983
- Trade debts -€16,267
down €16,267 (-91.3%), from €17,825 to €1,558
- Tax, wage and social debts -€7,827
down €7,827 (-14.3%), from €54,800 to €46,973
of which Taxes: -€11,427
- Gross operating margin -€31,241
down €31,241 (-29.3%), from €106,786 to €75,545
- Taxes -€15,403
down €15,403 (-51.0%), from €30,196 to €14,793
- Depreciation +€5,130
up €5,130 (+38.6%), from €13,296 to €18,426
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 | €434,446 | €457,323 | +€22,878 | +5.3% |
| Fixed assets | 21/28 | €42,943 | €71,232 | +€28,289 | +65.9% |
| Intangible fixed assets | 21 | - | €7,152 | +€7,152 | |
| Tangible fixed assets | 22/27 | €42,943 | €64,080 | +€21,137 | +49.2% |
| Land and buildings | 22 | €14,032 | €11,921 | -€2,111 | -15.0% |
| Plant, machinery and equipment | 23 | €3,527 | €6,661 | +€3,134 | +88.9% |
| Furniture and vehicles | 24 | €25,384 | €45,498 | +€20,114 | +79.2% |
| Current assets | 29/58 | €391,502 | €386,091 | -€5,412 | -1.4% |
| Amounts receivable within one year | 40/41 | €75,714 | €87,542 | +€11,828 | +15.6% |
| Trade receivables | 40 | €17,067 | €31,015 | +€13,948 | +81.7% |
| Other amounts receivable | 41 | €58,647 | €56,526 | -€2,120 | -3.6% |
| Cash at bank and in hand | 54/58 | €310,837 | €295,578 | -€15,260 | -4.9% |
| Deferred charges and accrued income | 490/1 | €4,952 | €2,971 | -€1,980 | -40.0% |
| Total equity and liabilities | 10/49 | €434,446 | €457,323 | +€22,878 | +5.3% |
| Equity | 10/15 | €361,820 | €404,416 | +€42,595 | +11.8% |
| Contributions | 10/11 | €20,433 | €20,433 | = | 0.0% |
| Reserves | 13 | €341,387 | €383,983 | +€42,595 | +12.5% |
| Distributable reserves | 133 | €341,387 | €383,983 | +€42,595 | +12.5% |
| Amounts payable | 17/49 | €72,625 | €52,908 | -€19,718 | -27.1% |
| Amounts payable within one year | 42/48 | €72,625 | €52,908 | -€19,718 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,377 | +€4,377 | |
| Trade debts | 44 | €17,825 | €1,558 | -€16,267 | -91.3% |
| Suppliers | 440/4 | €17,825 | €1,558 | -€16,267 | -91.3% |
| Taxes, remuneration and social security | 45 | €54,800 | €46,973 | -€7,827 | -14.3% |
| Taxes | 450/3 | €54,800 | €43,373 | -€11,427 | -20.9% |
| Remuneration and social security | 454/9 | - | €3,600 | +€3,600 | |
| Non-recurring operating income | 76A | - | €7,043 | +€7,043 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,296 | €18,426 | +€5,130 | +38.6% |
| Other operating charges | 640/8 | €2,834 | €2,085 | -€749 | -26.4% |
| Gross operating margin | 9900 | €106,786 | €75,545 | -€31,241 | -29.3% |
| Operating profit (loss) | 9901 | €90,656 | €55,034 | -€35,622 | -39.3% |
| Financial income | 75/76B | €3,741 | €3,131 | -€610 | -16.3% |
| Recurring financial income | 75 | €3,741 | €3,131 | -€610 | -16.3% |
| Financial charges | 65/66B | €223 | €777 | +€554 | +249% |
| Recurring financial charges | 65 | €223 | €777 | +€554 | +249% |
| Profit (loss) for the period before taxes | 9903 | €94,174 | €57,388 | -€36,786 | -39.1% |
| Income taxes | 67/77 | €30,196 | €14,793 | -€15,403 | -51.0% |
| Profit (loss) for the period | 9904 | €63,978 | €42,595 | -€21,383 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,978 | €42,595 | -€21,383 | -33.4% |
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 30 October 2026 via checked.be.