INVOID VISION: 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.
INVOID VISION
Largest movements
- Cash -€34,690
down €34,690 (-45.0%), from €77,150 to €42,460
mainly Contributions, distributions and other (-€76,922) and Receivables within one year (-€10,306)
- Receivables within one year +€10,306
up €10,306 (+32.6%), from €31,656 to €41,962
of which Trade receivables: +€10,567
- Profit (loss) carried forward -€19,536
down €19,536 (-25.4%), from €76,922 to €57,386
- Trade debts -€9,784
down €9,784 (-73.7%), from €13,276 to €3,492
- Tax, wage and social debts +€5,919
up €5,919 (+21.8%), from €27,135 to €33,054
- Gross operating margin +€27,939
up €27,939 (+54.0%), from €51,714 to €79,653
- Taxes +€6,337
up €6,337 (+65.5%), from €9,668 to €16,005
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 | €119,483 | €96,083 | -€23,401 | -19.6% |
| Fixed assets | 21/28 | €9,719 | €10,757 | +€1,038 | +10.7% |
| Tangible fixed assets | 22/27 | €9,719 | €10,757 | +€1,038 | +10.7% |
| Furniture and vehicles | 24 | €9,719 | €10,757 | +€1,038 | +10.7% |
| Current assets | 29/58 | €109,765 | €85,326 | -€24,439 | -22.3% |
| Amounts receivable within one year | 40/41 | €31,656 | €41,962 | +€10,306 | +32.6% |
| Trade receivables | 40 | €22,579 | €33,146 | +€10,567 | +46.8% |
| Other amounts receivable | 41 | €9,076 | €8,816 | -€261 | -2.9% |
| Cash at bank and in hand | 54/58 | €77,150 | €42,460 | -€34,690 | -45.0% |
| Deferred charges and accrued income | 490/1 | €959 | €904 | -€55 | -5.7% |
| Total equity and liabilities | 10/49 | €119,483 | €96,083 | -€23,401 | -19.6% |
| Equity | 10/15 | €79,072 | €59,536 | -€19,536 | -24.7% |
| Contributions | 10/11 | €2,150 | €2,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,922 | €57,386 | -€19,536 | -25.4% |
| Amounts payable | 17/49 | €40,411 | €36,547 | -€3,865 | -9.6% |
| Amounts payable within one year | 42/48 | €40,411 | €36,547 | -€3,865 | -9.6% |
| Trade debts | 44 | €13,276 | €3,492 | -€9,784 | -73.7% |
| Suppliers | 440/4 | €13,276 | €3,492 | -€9,784 | -73.7% |
| Taxes, remuneration and social security | 45 | €27,135 | €33,054 | +€5,919 | +21.8% |
| Taxes | 450/3 | €27,135 | €33,054 | +€5,919 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,851 | €6,038 | +€187 | +3.2% |
| Other operating charges | 640/8 | €191 | €191 | +€1 | +0.3% |
| Non-recurring operating charges | 66A | €747 | €0 | -€747 | -100.0% |
| Gross operating margin | 9900 | €51,714 | €79,653 | +€27,939 | +54.0% |
| Operating profit (loss) | 9901 | €44,925 | €73,424 | +€28,499 | +63.4% |
| Financial income | 75/76B | €563 | €568 | +€5 | +0.9% |
| Recurring financial income | 75 | €563 | €568 | +€5 | +0.9% |
| Financial charges | 65/66B | €916 | €601 | -€315 | -34.4% |
| Recurring financial charges | 65 | €916 | €601 | -€315 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €44,573 | €73,392 | +€28,819 | +64.7% |
| Income taxes | 67/77 | €9,668 | €16,005 | +€6,337 | +65.5% |
| Profit (loss) for the period | 9904 | €34,904 | €57,386 | +€22,482 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,904 | €57,386 | +€22,482 | +64.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.