InVST: 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.
InVST
Largest movements
- Financial fixed assets +€150,000
new in 2025: €150,000
- Receivables within one year -€28,407
down €28,407 (-86.0%), from €33,040 to €4,633
of which Trade receivables: -€30,620
- Tangible fixed assets -€19,044
down €19,044 (-23.6%), from €80,714 to €61,670
of which Furniture and vehicles: -€18,357
- Cash +€11,468
up €11,468 (+62.1%), from €18,467 to €29,935
mainly Other debts (+€111,849) and Receivables within one year (+€28,407)
- Other debts +€111,849
up €111,849 (+310.7%), from €35,999 to €147,848
- Debts after one year -€10,957
down €10,957 (-66.5%), from €16,476 to €5,519
- Reserves +€8,076
up €8,076 (+15.7%), from €51,418 to €59,494
- Tax, wage and social debts +€4,587
up €4,587 (+27.6%), from €16,642 to €21,229
of which Remuneration and social security: +€8,164
- Gross operating margin -€22,772
down €22,772 (-39.8%), from €57,241 to €34,469
- Taxes -€4,731
down €4,731 (-53.0%), from €8,932 to €4,201
- Depreciation +€2,231
up €2,231 (+11.6%), from €19,242 to €21,473
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 | €134,241 | €248,858 | +€114,617 | +85.4% |
| Fixed assets | 21/28 | €80,714 | €211,670 | +€130,956 | +162.2% |
| Tangible fixed assets | 22/27 | €80,714 | €61,670 | -€19,044 | -23.6% |
| Land and buildings | 22 | €36,194 | €34,593 | -€1,601 | -4.4% |
| Plant, machinery and equipment | 23 | €2,219 | €3,133 | +€914 | +41.2% |
| Furniture and vehicles | 24 | €42,301 | €23,944 | -€18,357 | -43.4% |
| Financial fixed assets | 28 | - | €150,000 | +€150,000 | |
| Current assets | 29/58 | €53,527 | €37,188 | -€16,339 | -30.5% |
| Amounts receivable within one year | 40/41 | €33,040 | €4,633 | -€28,407 | -86.0% |
| Trade receivables | 40 | €33,040 | €2,420 | -€30,620 | -92.7% |
| Other amounts receivable | 41 | - | €2,213 | +€2,213 | |
| Cash at bank and in hand | 54/58 | €18,467 | €29,935 | +€11,468 | +62.1% |
| Deferred charges and accrued income | 490/1 | €2,020 | €2,620 | +€600 | +29.7% |
| Total equity and liabilities | 10/49 | €134,241 | €248,858 | +€114,617 | +85.4% |
| Equity | 10/15 | €53,418 | €61,494 | +€8,076 | +15.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €51,418 | €59,494 | +€8,076 | +15.7% |
| Distributable reserves | 133 | €51,418 | €59,494 | +€8,076 | +15.7% |
| Amounts payable | 17/49 | €80,823 | €187,364 | +€106,541 | +131.8% |
| Amounts payable after more than one year | 17 | €16,476 | €5,519 | -€10,957 | -66.5% |
| Financial debts | 170/4 | €16,476 | €5,519 | -€10,957 | -66.5% |
| Amounts payable within one year | 42/48 | €64,347 | €181,845 | +€117,498 | +182.6% |
| Current portion of amounts payable after more than one year | 42 | €10,849 | €10,957 | +€108 | +1.0% |
| Financial debts | 43 | €18 | €528 | +€510 | +2794.0% |
| Credit institutions | 430/8 | €18 | €528 | +€510 | +2794.0% |
| Trade debts | 44 | €839 | €1,283 | +€444 | +53.0% |
| Suppliers | 440/4 | €839 | €1,283 | +€444 | +53.0% |
| Taxes, remuneration and social security | 45 | €16,642 | €21,229 | +€4,587 | +27.6% |
| Taxes | 450/3 | €16,642 | €13,065 | -€3,577 | -21.5% |
| Remuneration and social security | 454/9 | - | €8,164 | +€8,164 | |
| Other amounts payable | 47/48 | €35,999 | €147,848 | +€111,849 | +310.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,242 | €21,473 | +€2,231 | +11.6% |
| Other operating charges | 640/8 | - | €169 | +€169 | |
| Gross operating margin | 9900 | €57,241 | €34,469 | -€22,772 | -39.8% |
| Operating profit (loss) | 9901 | €37,999 | €12,827 | -€25,172 | -66.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.3% |
| Financial charges | 65/66B | €655 | €505 | -€150 | -23.0% |
| Recurring financial charges | 65 | €655 | €505 | -€150 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €37,345 | €12,322 | -€25,023 | -67.0% |
| Income taxes | 67/77 | €8,932 | €4,201 | -€4,731 | -53.0% |
| Profit (loss) for the period | 9904 | €28,413 | €8,121 | -€20,292 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,413 | €8,121 | -€20,292 | -71.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.