INVOLUTION: 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.
INVOLUTION
Largest movements
- Receivables within one year -€35,779
down €35,779 (-18.0%), from €198,230 to €162,452
of which Other amounts receivable: -€51,096
- Intangible fixed assets -€20,133
down €20,133 (-64.4%), from €31,240 to €11,107
- Stocks and contracts -€8,564
no longer reported in 2024 (was €8,564)
- Cash +€3,415
up €3,415 (+30.7%), from €11,108 to €14,523
mainly Other debts (+€56,425) and Receivables within one year (+€35,779)
- Profit (loss) carried forward -€76,477
new in 2024: -€76,477
- Other debts +€56,425
up €56,425 (+115%), from €49,275 to €105,700
- Short-term financial debts -€20,265
down €20,265 (-42.8%), from €47,373 to €27,108
- Tax, wage and social debts -€8,998
down €8,998 (-77.0%), from €11,685 to €2,687
- Trade debts -€5,227
down €5,227 (-7.6%), from €68,384 to €63,158
- Gross operating margin -€54,070
down €54,070 (-810%), from -€6,673 to -€60,744
- Depreciation -€4,619
down €4,619 (-23.4%), from €19,752 to €15,133
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,142 | €188,082 | -€61,060 | -24.5% |
| Fixed assets | 21/28 | €31,240 | €11,107 | -€20,133 | -64.4% |
| Intangible fixed assets | 21 | €31,240 | €11,107 | -€20,133 | -64.4% |
| Current assets | 29/58 | €217,901 | €176,974 | -€40,927 | -18.8% |
| Stocks and contracts in progress | 3 | €8,564 | - | -€8,564 | |
| Stocks | 30/36 | €8,564 | - | -€8,564 | |
| Amounts receivable within one year | 40/41 | €198,230 | €162,452 | -€35,779 | -18.0% |
| Trade receivables | 40 | €23,196 | €38,513 | +€15,317 | +66.0% |
| Other amounts receivable | 41 | €175,035 | €123,939 | -€51,096 | -29.2% |
| Cash at bank and in hand | 54/58 | €11,108 | €14,523 | +€3,415 | +30.7% |
| Total equity and liabilities | 10/49 | €249,142 | €188,082 | -€61,060 | -24.5% |
| Equity | 10/15 | €71,449 | -€11,047 | -€82,496 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €5,352 | €2,500 | -€2,852 | -53.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,852 | - | -€2,852 | |
| Profit (loss) carried forward | 14 | - | -€76,477 | -€76,477 | |
| Investment grants | 15 | €4,597 | €1,430 | -€3,167 | -68.9% |
| Provisions and deferred taxes | 16 | €977 | €477 | -€500 | -51.2% |
| Deferred taxes | 168 | €977 | €477 | -€500 | -51.2% |
| Amounts payable | 17/49 | €176,717 | €198,652 | +€21,936 | +12.4% |
| Amounts payable within one year | 42/48 | €176,717 | €198,652 | +€21,936 | +12.4% |
| Financial debts | 43 | €47,373 | €27,108 | -€20,265 | -42.8% |
| Credit institutions | 430/8 | €47,373 | €27,108 | -€20,265 | -42.8% |
| Trade debts | 44 | €68,384 | €63,158 | -€5,227 | -7.6% |
| Suppliers | 440/4 | €68,384 | €63,158 | -€5,227 | -7.6% |
| Taxes, remuneration and social security | 45 | €11,685 | €2,687 | -€8,998 | -77.0% |
| Taxes | 450/3 | €11,685 | €2,687 | -€8,998 | -77.0% |
| Other amounts payable | 47/48 | €49,275 | €105,700 | +€56,425 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,752 | €15,133 | -€4,619 | -23.4% |
| Other operating charges | 640/8 | €737 | €387 | -€350 | -47.5% |
| Non-recurring operating charges | 66A | €194 | - | -€194 | |
| Gross operating margin | 9900 | -€6,673 | -€60,744 | -€54,070 | -810% |
| Operating profit (loss) | 9901 | -€27,358 | -€76,264 | -€48,906 | -179% |
| Financial income | 75/76B | €3,223 | €3,167 | -€56 | -1.7% |
| Recurring financial income | 75 | €3,223 | €3,167 | -€56 | -1.7% |
| Financial charges | 65/66B | €6,234 | €6,732 | +€498 | +8.0% |
| Recurring financial charges | 65 | €6,234 | €6,732 | +€498 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,369 | -€79,829 | -€49,460 | -163% |
| Transfer from deferred taxes | 780 | €500 | €500 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€29,869 | -€79,329 | -€49,460 | -166% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,869 | -€79,329 | -€49,460 | -166% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.