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
- Cash +€29,383
up €29,383 (+38.3%), from €76,699 to €106,083
mainly Net result for the year (+€84,000) and Depreciation (+€51,960)
- Tangible fixed assets -€28,462
down €28,462 (-5.6%), from €509,324 to €480,862
of which Plant, machinery and equipment: -€15,115
- Intangible fixed assets -€17,500
down €17,500 (-18.2%), from €96,250 to €78,750
- Debts after one year -€32,048
down €32,048 (-8.3%), from €386,119 to €354,071
- Other debts +€22,000
up €22,000 (+44.0%), from €50,000 to €72,000
- Trade debts -€15,592
down €15,592 (-67.9%), from €22,970 to €7,378
- Reserves +€12,000
up €12,000 (+37.8%), from €31,780 to €43,780
- Current portion of long-term debt -€11,501
down €11,501 (-26.4%), from €43,549 to €32,048
- Gross operating margin +€30,550
up €30,550 (+16.3%), from €187,069 to €217,619
- Staff costs -€2,193
down €2,193 (-3.2%), from €68,173 to €65,980
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 | €744,456 | €725,723 | -€18,733 | -2.5% |
| Fixed assets | 21/28 | €605,574 | €559,612 | -€45,962 | -7.6% |
| Intangible fixed assets | 21 | €96,250 | €78,750 | -€17,500 | -18.2% |
| Tangible fixed assets | 22/27 | €509,324 | €480,862 | -€28,462 | -5.6% |
| Land and buildings | 22 | €414,235 | €400,487 | -€13,747 | -3.3% |
| Plant, machinery and equipment | 23 | €90,588 | €75,473 | -€15,115 | -16.7% |
| Furniture and vehicles | 24 | €4,502 | €4,902 | +€400 | +8.9% |
| Current assets | 29/58 | €138,882 | €166,110 | +€27,228 | +19.6% |
| Stocks and contracts in progress | 3 | €54,758 | €47,791 | -€6,967 | -12.7% |
| Stocks | 30/36 | €54,758 | €47,791 | -€6,967 | -12.7% |
| Amounts receivable within one year | 40/41 | €6,988 | €12,237 | +€5,248 | +75.1% |
| Trade receivables | 40 | €5,447 | €5,387 | -€60 | -1.1% |
| Other amounts receivable | 41 | €1,542 | €6,850 | +€5,308 | +344% |
| Cash at bank and in hand | 54/58 | €76,699 | €106,083 | +€29,383 | +38.3% |
| Deferred charges and accrued income | 490/1 | €436 | €0 | -€436 | -100% |
| Total equity and liabilities | 10/49 | €744,456 | €725,723 | -€18,733 | -2.5% |
| Equity | 10/15 | €231,780 | €243,780 | +€12,000 | +5.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €31,780 | €43,780 | +€12,000 | +37.8% |
| Distributable reserves | 133 | €31,780 | €43,780 | +€12,000 | +37.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €512,676 | €481,943 | -€30,733 | -6.0% |
| Amounts payable after more than one year | 17 | €386,119 | €354,071 | -€32,048 | -8.3% |
| Financial debts | 170/4 | €386,119 | €354,071 | -€32,048 | -8.3% |
| Amounts payable within one year | 42/48 | €126,558 | €119,849 | -€6,708 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €43,549 | €32,048 | -€11,501 | -26.4% |
| Financial debts | 43 | - | €1,682 | +€1,682 | |
| Credit institutions | 430/8 | - | €1,682 | +€1,682 | |
| Trade debts | 44 | €22,970 | €7,378 | -€15,592 | -67.9% |
| Suppliers | 440/4 | €22,970 | €7,378 | -€15,592 | -67.9% |
| Taxes, remuneration and social security | 45 | €10,038 | €6,741 | -€3,297 | -32.8% |
| Taxes | 450/3 | €1,020 | €5,185 | +€4,166 | +409% |
| Remuneration and social security | 454/9 | €9,019 | €1,556 | -€7,463 | -82.8% |
| Other amounts payable | 47/48 | €50,000 | €72,000 | +€22,000 | +44.0% |
| Accrued charges and deferred income | 492/3 | - | €8,023 | +€8,023 | |
| Non-recurring operating income | 76A | €107 | €0 | -€107 | -100% |
| Remuneration, social security and pensions | 62 | €68,173 | €65,980 | -€2,193 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,512 | €51,960 | +€1,448 | +2.9% |
| Other operating charges | 640/8 | €2,579 | €2,568 | -€11 | -0.4% |
| Gross operating margin | 9900 | €187,069 | €217,619 | +€30,550 | +16.3% |
| Operating profit (loss) | 9901 | €65,804 | €97,111 | +€31,307 | +47.6% |
| Financial income | 75/76B | €1,360 | €506 | -€853 | -62.8% |
| Recurring financial income | 75 | €1,360 | €506 | -€853 | -62.8% |
| Financial charges | 65/66B | €7,282 | €6,965 | -€317 | -4.3% |
| Recurring financial charges | 65 | €7,282 | €6,965 | -€317 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €59,882 | €90,652 | +€30,770 | +51.4% |
| Income taxes | 67/77 | €4,940 | €6,653 | +€1,713 | +34.7% |
| Profit (loss) for the period | 9904 | €54,943 | €84,000 | +€29,057 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,943 | €84,000 | +€29,057 | +52.9% |
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 18 October 2026 via checked.be.