INVISTRAX: 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.
INVISTRAX
Largest movements
- Receivables within one year -€1.9m
down €1.9m (-18.3%), from €10.5m to €8.6m
of which Other amounts receivable: -€1.6m
- Financial fixed assets +€1.0m
up €1.0m (+11.3%), from €8.9m to €9.9m
- Trade debts -€2.6m
down €2.6m (-79.0%), from €3.3m to €699,462
- Other debts +€2.5m
up €2.5m (+15.2%), from €16.4m to €18.9m
- Short-term financial debts -€633,860
down €633,860 (-97.1%), from €652,764 to €18,904
- Financial income +€499,648
up €499,648 (+129.0%), from €387,334 to €886,982
- Other operating charges +€492,917
up €492,917 (+12260.1%), from €4,021 to €496,937
- Gross operating margin -€81,921
down €81,921 (-34.6%), from -€236,434 to -€318,355
- Financial charges -€36,250
down €36,250 (-15.2%), from €237,804 to €201,554
- Depreciation -€5,883
down €5,883 (-15.4%), from €38,149 to €32,267
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 | €26,982,074 | €25,859,030 | -€1.1m | -4.2% |
| Fixed assets | 21/28 | €9,115,532 | €9,890,505 | +€774,973 | +8.5% |
| Intangible fixed assets | 21 | €32,267 | - | -€32,267 | |
| Tangible fixed assets | 22/27 | €199,856 | - | -€199,856 | |
| Land and buildings | 22 | €199,856 | - | -€199,856 | |
| Financial fixed assets | 28 | €8,883,410 | €9,890,505 | +€1.0m | +11.3% |
| Current assets | 29/58 | €17,866,542 | €15,968,525 | -€1.9m | -10.6% |
| Amounts receivable after more than one year | 29 | €6,937,353 | €6,937,353 | = | 0.0% |
| Other amounts receivable | 291 | €6,937,353 | €6,937,353 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,539,445 | €8,615,383 | -€1.9m | -18.3% |
| Trade receivables | 40 | €1,215,896 | €842,561 | -€373,335 | -30.7% |
| Other amounts receivable | 41 | €9,323,549 | €7,772,822 | -€1.6m | -16.6% |
| Current investments | 50/53 | €10 | - | -€10 | |
| Cash at bank and in hand | 54/58 | €2,402 | €466 | -€1,936 | -80.6% |
| Deferred charges and accrued income | 490/1 | €387,332 | €415,322 | +€27,991 | +7.2% |
| Total equity and liabilities | 10/49 | €26,982,074 | €25,859,030 | -€1.1m | -4.2% |
| Equity | 10/15 | €6,347,422 | €6,185,291 | -€162,131 | -2.6% |
| Contributions | 10/11 | €94,099 | €94,099 | = | 0.0% |
| Capital | 10 | €94,099 | €94,099 | = | 0.0% |
| Issued capital | 100 | €94,099 | €94,099 | = | 0.0% |
| Reserves | 13 | €6,253,323 | €6,091,193 | -€162,131 | -2.6% |
| Non-distributable reserves | 130/1 | €9,410 | €9,410 | = | 0.0% |
| Legal reserve | 130 | €9,410 | €9,410 | = | 0.0% |
| Distributable reserves | 133 | €6,243,914 | €6,081,783 | -€162,131 | -2.6% |
| Amounts payable | 17/49 | €20,634,652 | €19,673,738 | -€960,914 | -4.7% |
| Amounts payable after more than one year | 17 | €23,372 | €8,663 | -€14,709 | -62.9% |
| Financial debts | 170/4 | €23,372 | €8,663 | -€14,709 | -62.9% |
| Amounts payable within one year | 42/48 | €20,605,900 | €19,655,475 | -€950,425 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €14,530 | €13,490 | -€1,041 | -7.2% |
| Financial debts | 43 | €652,764 | €18,904 | -€633,860 | -97.1% |
| Credit institutions | 430/8 | €652,764 | €18,904 | -€633,860 | -97.1% |
| Trade debts | 44 | €3,336,028 | €699,462 | -€2.6m | -79.0% |
| Suppliers | 440/4 | €3,336,028 | €699,462 | -€2.6m | -79.0% |
| Taxes, remuneration and social security | 45 | €178,662 | - | -€178,662 | |
| Taxes | 450/3 | €178,662 | - | -€178,662 | |
| Other amounts payable | 47/48 | €16,423,915 | €18,923,620 | +€2.5m | +15.2% |
| Accrued charges and deferred income | 492/3 | €5,380 | €9,600 | +€4,220 | +78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,149 | €32,267 | -€5,883 | -15.4% |
| Other operating charges | 640/8 | €4,021 | €496,937 | +€492,917 | +12260.1% |
| Gross operating margin | 9900 | -€236,434 | -€318,355 | -€81,921 | -34.6% |
| Operating profit (loss) | 9901 | -€278,604 | -€847,559 | -€568,955 | -204.2% |
| Financial income | 75/76B | €387,334 | €886,982 | +€499,648 | +129.0% |
| Recurring financial income | 75 | €387,334 | €886,982 | +€499,648 | +129.0% |
| Financial charges | 65/66B | €237,804 | €201,554 | -€36,250 | -15.2% |
| Recurring financial charges | 65 | €237,804 | €201,554 | -€36,250 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€129,073 | -€162,131 | -€33,057 | -25.6% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -50.0% |
| Profit (loss) for the period | 9904 | -€129,074 | -€162,131 | -€33,057 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,074 | -€162,131 | -€33,057 | -25.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.