INVTALENT: 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.
INVTALENT
Largest movements
- Tangible fixed assets +€102,604
up €102,604 (+51.5%), from €199,118 to €301,722
of which Land and buildings: +€110,291
- Receivables after one year -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Receivables within one year +€13,822
up €13,822, from €0 to €13,822
of which Trade receivables: +€11,765
- Deferred charges and accrued income -€11,473
down €11,473 (-33.3%), from €34,487 to €23,014
- Profit (loss) carried forward +€93,937
up €93,937 (+71.0%), from €132,226 to €226,164
- Debts after one year +€61,362
up €61,362 (+31.9%), from €192,507 to €253,869
- Other debts -€40,525
down €40,525 (-96.1%), from €42,161 to €1,636
- Tax, wage and social debts -€29,732
down €29,732 (-91.9%), from €32,349 to €2,617
of which Taxes: -€32,349
- Current portion of long-term debt -€5,159
down €5,159 (-100.0%), from €5,159 to €0
- Gross operating margin -€27,774
down €27,774 (-14.6%), from €189,934 to €162,160
- Taxes -€10,733
down €10,733 (-28.7%), from €37,421 to €26,688
- Depreciation +€7,405
up €7,405 (+655.6%), from €1,130 to €8,535
- Financial charges +€6,444
up €6,444 (+630.9%), from €1,021 to €7,465
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 | €420,410 | €499,402 | +€78,992 | +18.8% |
| Fixed assets | 21/28 | €199,118 | €302,972 | +€103,854 | +52.2% |
| Tangible fixed assets | 22/27 | €199,118 | €301,722 | +€102,604 | +51.5% |
| Land and buildings | 22 | €170,000 | €280,291 | +€110,291 | +64.9% |
| Furniture and vehicles | 24 | €29,118 | €21,431 | -€7,687 | -26.4% |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €221,292 | €196,429 | -€24,862 | -11.2% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100.0% |
| Trade receivables | 290 | €25,000 | €0 | -€25,000 | -100.0% |
| Stocks and contracts in progress | 3 | €1,241 | €1,241 | = | 0.0% |
| Stocks | 30/36 | €1,241 | €1,241 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €13,822 | +€13,822 | |
| Trade receivables | 40 | - | €11,765 | +€11,765 | |
| Other amounts receivable | 41 | €0 | €2,057 | +€2,057 | |
| Cash at bank and in hand | 54/58 | €160,563 | €158,352 | -€2,211 | -1.4% |
| Deferred charges and accrued income | 490/1 | €34,487 | €23,014 | -€11,473 | -33.3% |
| Total equity and liabilities | 10/49 | €420,410 | €499,402 | +€78,992 | +18.8% |
| Equity | 10/15 | €142,226 | €236,164 | +€93,937 | +66.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,226 | €226,164 | +€93,937 | +71.0% |
| Amounts payable | 17/49 | €278,183 | €263,238 | -€14,945 | -5.4% |
| Amounts payable after more than one year | 17 | €192,507 | €253,869 | +€61,362 | +31.9% |
| Financial debts | 170/4 | €192,507 | €253,869 | +€61,362 | +31.9% |
| Amounts payable within one year | 42/48 | €84,179 | €4,922 | -€79,257 | -94.2% |
| Current portion of amounts payable after more than one year | 42 | €5,159 | €0 | -€5,159 | -100.0% |
| Trade debts | 44 | €4,510 | €669 | -€3,841 | -85.2% |
| Suppliers | 440/4 | €4,510 | €669 | -€3,841 | -85.2% |
| Taxes, remuneration and social security | 45 | €32,349 | €2,617 | -€29,732 | -91.9% |
| Taxes | 450/3 | €32,349 | €0 | -€32,349 | -100.0% |
| Remuneration and social security | 454/9 | €0 | €2,617 | +€2,617 | |
| Other amounts payable | 47/48 | €42,161 | €1,636 | -€40,525 | -96.1% |
| Accrued charges and deferred income | 492/3 | €1,497 | €4,446 | +€2,950 | +197.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,130 | €8,535 | +€7,405 | +655.6% |
| Other operating charges | 640/8 | €24,039 | €24,735 | +€696 | +2.9% |
| Gross operating margin | 9900 | €189,934 | €162,160 | -€27,774 | -14.6% |
| Operating profit (loss) | 9901 | €164,766 | €128,891 | -€35,876 | -21.8% |
| Financial income | 75/76B | €756 | - | -€756 | |
| Recurring financial income | 75 | €756 | - | -€756 | |
| Financial charges | 65/66B | €1,021 | €7,465 | +€6,444 | +630.9% |
| Recurring financial charges | 65 | €1,021 | €7,465 | +€6,444 | +630.9% |
| Profit (loss) for the period before taxes | 9903 | €164,500 | €121,425 | -€43,075 | -26.2% |
| Income taxes | 67/77 | €37,421 | €26,688 | -€10,733 | -28.7% |
| Profit (loss) for the period | 9904 | €127,080 | €94,737 | -€32,342 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €127,080 | €94,737 | -€32,342 | -25.5% |
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 7 October 2026 via checked.be.