M-INVEST: what changed
M-INVEST
Largest movements
- Receivables within one year +€7,985
up €7,985 (+24.3%), from €32,862 to €40,847
- Tangible fixed assets -€2,083
down €2,083 (-5.5%), from €37,575 to €35,491
of which Land and buildings: -€4,652
- Reserves +€3,682
up €3,682 (+6.8%), from €54,311 to €57,993
of which Distributable reserves: +€3,682
- Tax, wage and social debts +€1,842
up €1,842, from €0 to €1,842
- Depreciation +€353
up €353 (+7.8%), from €4,502 to €4,854
- Gross operating margin +€343
up €343 (+3.4%), from €10,079 to €10,422
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,911 | €78,435 | +€5,524 | +7.6% |
| Fixed assets | 21/28 | €37,575 | €35,491 | -€2,083 | -5.5% |
| Tangible fixed assets | 22/27 | €37,575 | €35,491 | -€2,083 | -5.5% |
| Land and buildings | 22 | €37,575 | €32,923 | -€4,652 | -12.4% |
| Furniture and vehicles | 24 | - | €2,569 | +€2,569 | |
| Current assets | 29/58 | €35,336 | €42,944 | +€7,607 | +21.5% |
| Amounts receivable within one year | 40/41 | €32,862 | €40,847 | +€7,985 | +24.3% |
| Other amounts receivable | 41 | €32,862 | €40,847 | +€7,985 | +24.3% |
| Cash at bank and in hand | 54/58 | €2,474 | €2,096 | -€378 | -15.3% |
| Total equity and liabilities | 10/49 | €72,911 | €78,435 | +€5,524 | +7.6% |
| Equity | 10/15 | €72,911 | €76,593 | +€3,682 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,311 | €57,993 | +€3,682 | +6.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €52,451 | €56,133 | +€3,682 | +7.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €0 | €1,842 | +€1,842 | |
| Amounts payable within one year | 42/48 | €0 | €1,842 | +€1,842 | |
| Taxes, remuneration and social security | 45 | €0 | €1,842 | +€1,842 | |
| Taxes | 450/3 | €0 | €1,842 | +€1,842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,502 | €4,854 | +€353 | +7.8% |
| Other operating charges | 640/8 | €1,929 | €1,990 | +€61 | +3.1% |
| Gross operating margin | 9900 | €10,079 | €10,422 | +€343 | +3.4% |
| Operating profit (loss) | 9901 | €3,648 | €3,577 | -€71 | -1.9% |
| Financial income | 75/76B | €1,995 | €1,985 | -€9 | -0.5% |
| Recurring financial income | 75 | €1,995 | €1,985 | -€9 | -0.5% |
| Financial charges | 65/66B | €39 | €39 | +€0 | +1.2% |
| Recurring financial charges | 65 | €39 | €39 | +€0 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €5,604 | €5,524 | -€80 | -1.4% |
| Income taxes | 67/77 | €1,790 | €1,842 | +€52 | +2.9% |
| Profit (loss) for the period | 9904 | €3,814 | €3,682 | -€132 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,814 | €3,682 | -€132 | -3.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.