InVorm: 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.
InVorm
Largest movements
- Receivables after one year -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Cash -€9,372
down €9,372 (-40.7%), from €23,031 to €13,659
mainly Contributions, distributions and other (-€43,673) and Receivables within one year (-€1,886)
- Tangible fixed assets -€4,803
down €4,803 (-42.2%), from €11,387 to €6,584
of which Furniture and vehicles: -€4,803
- Receivables within one year +€1,886
new in 2025: €1,886
- Reserves -€43,370
down €43,370 (-100.0%), from €43,370 to €0
- Other debts +€11,956
up €11,956 (+9561.2%), from €125 to €12,081
- Tax, wage and social debts +€2,177
up €2,177 (+21.6%), from €10,073 to €12,250
- Debts after one year -€1,682
down €1,682 (-59.7%), from €2,819 to €1,137
- Current portion of long-term debt -€994
down €994 (-37.2%), from €2,676 to €1,682
- Gross operating margin -€9,657
down €9,657 (-54.1%), from €17,865 to €8,208
- Taxes -€2,336
down €2,336 (-67.7%), from €3,449 to €1,114
- Depreciation +€1,762
up €1,762 (+41.0%), from €4,299 to €6,061
- Financial income -€550
down €550 (-55.0%), from €1,000 to €450
- Other operating charges -€390
down €390 (-31.5%), from €1,237 to €847
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 | €61,697 | €29,398 | -€32,299 | -52.4% |
| Fixed assets | 21/28 | €11,387 | €6,584 | -€4,803 | -42.2% |
| Tangible fixed assets | 22/27 | €11,387 | €6,584 | -€4,803 | -42.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €11,387 | €6,584 | -€4,803 | -42.2% |
| Current assets | 29/58 | €50,310 | €22,814 | -€27,496 | -54.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €0 | -€20,000 | -100.0% |
| Other amounts receivable | 291 | €20,000 | €0 | -€20,000 | -100.0% |
| Amounts receivable within one year | 40/41 | - | €1,886 | +€1,886 | |
| Other amounts receivable | 41 | - | €1,886 | +€1,886 | |
| Cash at bank and in hand | 54/58 | €23,031 | €13,659 | -€9,372 | -40.7% |
| Deferred charges and accrued income | 490/1 | €7,279 | €7,269 | -€10 | -0.1% |
| Total equity and liabilities | 10/49 | €61,697 | €29,398 | -€32,299 | -52.4% |
| Equity | 10/15 | €45,370 | €2,000 | -€43,370 | -95.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,370 | €0 | -€43,370 | -100.0% |
| Distributable reserves | 133 | €43,370 | €0 | -€43,370 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €16,327 | €27,398 | +€11,071 | +67.8% |
| Amounts payable after more than one year | 17 | €2,819 | €1,137 | -€1,682 | -59.7% |
| Financial debts | 170/4 | €2,819 | €1,137 | -€1,682 | -59.7% |
| Amounts payable within one year | 42/48 | €13,508 | €26,261 | +€12,753 | +94.4% |
| Current portion of amounts payable after more than one year | 42 | €2,676 | €1,682 | -€994 | -37.2% |
| Trade debts | 44 | €634 | €248 | -€386 | -60.9% |
| Suppliers | 440/4 | €634 | €248 | -€386 | -60.9% |
| Taxes, remuneration and social security | 45 | €10,073 | €12,250 | +€2,177 | +21.6% |
| Taxes | 450/3 | €10,073 | €12,250 | +€2,177 | +21.6% |
| Other amounts payable | 47/48 | €125 | €12,081 | +€11,956 | +9561.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,299 | €6,061 | +€1,762 | +41.0% |
| Other operating charges | 640/8 | €1,237 | €847 | -€390 | -31.5% |
| Gross operating margin | 9900 | €17,865 | €8,208 | -€9,657 | -54.1% |
| Operating profit (loss) | 9901 | €12,329 | €1,300 | -€11,029 | -89.5% |
| Financial income | 75/76B | €1,000 | €450 | -€550 | -55.0% |
| Recurring financial income | 75 | €1,000 | €450 | -€550 | -55.0% |
| Financial charges | 65/66B | €395 | €334 | -€60 | -15.3% |
| Recurring financial charges | 65 | €395 | €334 | -€60 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €12,934 | €1,416 | -€11,518 | -89.1% |
| Income taxes | 67/77 | €3,449 | €1,114 | -€2,336 | -67.7% |
| Profit (loss) for the period | 9904 | €9,485 | €302 | -€9,183 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,485 | €302 | -€9,183 | -96.8% |
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 29 September 2026 via checked.be.