Invivo: 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.
Invivo
Largest movements
- Tangible fixed assets -€23,090
down €23,090 (-15.1%), from €152,761 to €129,671
of which Plant, machinery and equipment: -€16,269
- Cash +€5,198
up €5,198 (+109%), from €4,748 to €9,946
mainly Depreciation (+€31,040) and Other debts (+€11,004)
- Receivables within one year -€3,216
down €3,216 (-48.5%), from €6,626 to €3,410
of which Trade receivables: -€1,626
- Debts after one year -€24,733
down €24,733 (-40.6%), from €60,920 to €36,187
- Other debts +€11,004
up €11,004 (+11.8%), from €93,540 to €104,544
- Profit (loss) carried forward -€8,666
down €8,666 (-40.4%), from -€21,436 to -€30,102
- Trade debts +€2,358
up €2,358, from €0 to €2,358
- Gross operating margin +€14,954
up €14,954 (+151%), from €9,898 to €24,852
- Depreciation +€11,248
up €11,248 (+56.8%), from €19,792 to €31,040
- Financial charges +€549
up €549 (+51.7%), from €1,064 to €1,613
- Financial income -€338
down €338 (-100%), from €338 to €0
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 | €164,573 | €144,364 | -€20,209 | -12.3% |
| Fixed assets | 21/28 | €152,761 | €129,671 | -€23,090 | -15.1% |
| Tangible fixed assets | 22/27 | €152,761 | €129,671 | -€23,090 | -15.1% |
| Plant, machinery and equipment | 23 | €97,265 | €80,996 | -€16,269 | -16.7% |
| Furniture and vehicles | 24 | €55,497 | €48,675 | -€6,821 | -12.3% |
| Current assets | 29/58 | €11,812 | €14,693 | +€2,881 | +24.4% |
| Amounts receivable within one year | 40/41 | €6,626 | €3,410 | -€3,216 | -48.5% |
| Trade receivables | 40 | €4,957 | €3,331 | -€1,626 | -32.8% |
| Other amounts receivable | 41 | €1,669 | €79 | -€1,590 | -95.3% |
| Cash at bank and in hand | 54/58 | €4,748 | €9,946 | +€5,198 | +109% |
| Deferred charges and accrued income | 490/1 | €439 | €1,338 | +€900 | +205% |
| Total equity and liabilities | 10/49 | €164,573 | €144,364 | -€20,209 | -12.3% |
| Equity | 10/15 | -€15,220 | -€23,886 | -€8,666 | -56.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16 | €16 | = | 0.0% |
| Distributable reserves | 133 | €16 | €16 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,436 | -€30,102 | -€8,666 | -40.4% |
| Amounts payable | 17/49 | €179,793 | €168,250 | -€11,543 | -6.4% |
| Amounts payable after more than one year | 17 | €60,920 | €36,187 | -€24,733 | -40.6% |
| Financial debts | 170/4 | €60,920 | €36,187 | -€24,733 | -40.6% |
| Amounts payable within one year | 42/48 | €118,873 | €132,063 | +€13,190 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €25,332 | €24,733 | -€599 | -2.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €2,358 | +€2,358 | |
| Suppliers | 440/4 | €0 | €2,358 | +€2,358 | |
| Taxes, remuneration and social security | 45 | €0 | €427 | +€427 | |
| Taxes | 450/3 | €0 | €427 | +€427 | |
| Other amounts payable | 47/48 | €93,540 | €104,544 | +€11,004 | +11.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,792 | €31,040 | +€11,248 | +56.8% |
| Other operating charges | 640/8 | €570 | €697 | +€127 | +22.3% |
| Gross operating margin | 9900 | €9,898 | €24,852 | +€14,954 | +151% |
| Operating profit (loss) | 9901 | -€10,464 | -€6,885 | +€3,579 | +34.2% |
| Financial income | 75/76B | €338 | €0 | -€338 | -100% |
| Recurring financial income | 75 | €338 | €0 | -€338 | -100% |
| Financial charges | 65/66B | €1,064 | €1,613 | +€549 | +51.7% |
| Recurring financial charges | 65 | €1,064 | €1,613 | +€549 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,190 | -€8,499 | +€2,691 | +24.0% |
| Income taxes | 67/77 | - | €167 | +€167 | |
| Profit (loss) for the period | 9904 | -€11,190 | -€8,666 | +€2,524 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,190 | -€8,666 | +€2,524 | +22.6% |
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 14 October 2026 via checked.be.