NEW INVEST SOLUTION: what changed
What changed
NEW INVEST SOLUTION
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€102,007
2024 · -€123,385+€225,392
Equity
€42,819
2024 · €140,812-€97,993
Cash
€334,159
2024 · €16,452+€317,706
Balance sheet total
€1.0m
2024 · €1.7m-€622,741
Largest movements
Assets
- Stocks and contracts -€631,414
down €631,414 (-48.9%), from €1.3m to €661,024
- Tangible fixed assets -€354,100
no longer reported in 2025 (was €354,100)
- Cash +€317,706
up €317,706 (+1,931%), from €16,452 to €334,159
mainly Stocks and contracts (+€631,414) and Investment in fixed assets (net) (+€354,100)
- Receivables within one year +€44,298
new in 2025: €44,298
Equity and liabilities
- Short-term financial debts -€831,515
down €831,515 (-99.5%), from €835,619 to €4,104
- Revaluation surpluses -€200,000
no longer reported in 2025 (was €200,000)
- Tax, wage and social debts +€160,002
up €160,002 (+581%), from €27,561 to €187,564
- Profit (loss) carried forward +€102,007
up €102,007 (+78.9%), from -€129,249 to -€27,242
- Debts after one year +€96,637
up €96,637 (+24.8%), from €389,613 to €486,250
Income statement
- Gross operating margin +€296,742
up €296,742, from -€32,719 to €264,023
- Other operating charges +€99,335
up €99,335 (+2,719%), from €3,653 to €102,989
- Financial charges -€21,358
down €21,358 (-26.7%), from €80,087 to €58,729
- Depreciation -€6,926
no longer reported in 2025 (was €6,926)
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.
Result 2024
-€123,385
Gross operating margin
+€296,742
Depreciation
+€6,926
Other operating charges
-€99,335
Financial income
+€46
Financial charges
+€21,358
Taxes
-€345
Result 2025
€102,007
raises the resultlowers the result
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.
From operations
+€912,078
Investment
+€354,100
Financing
-€948,471
Cash 2024
€16,452
From operations (derived)
+€912,078
Net result for the year
+€102,007
Stocks and contracts
+€631,414
Receivables within one year
-€44,298
Deferred charges and accrued income
-€768
Trade debts
+€59,461
Tax, wage and social debts
+€160,002
Other debts
+€8,411
Accrued charges and deferred income
-€4,151
Investment (derived)
+€354,100
Investment in fixed assets (net)
+€354,100
Financing
-€948,471
Debts after one year
+€96,637
Current portion of long-term debt
-€13,593
Short-term financial debts
-€831,515
Contributions, distributions and other
-€200,000
Cash 2025
€334,159
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,662,990 | €1,040,249 | -€622,741 | -37.4% |
| Fixed assets | 21/28 | €354,100 | - | -€354,100 | |
| Tangible fixed assets | 22/27 | €354,100 | - | -€354,100 | |
| Land and buildings | 22 | €354,100 | - | -€354,100 | |
| Current assets | 29/58 | €1,308,890 | €1,040,249 | -€268,641 | -20.5% |
| Stocks and contracts in progress | 3 | €1,292,438 | €661,024 | -€631,414 | -48.9% |
| Stocks | 30/36 | €1,292,438 | €661,024 | -€631,414 | -48.9% |
| Amounts receivable within one year | 40/41 | - | €44,298 | +€44,298 | |
| Other amounts receivable | 41 | - | €44,298 | +€44,298 | |
| Cash at bank and in hand | 54/58 | €16,452 | €334,159 | +€317,706 | +1,931% |
| Deferred charges and accrued income | 490/1 | - | €768 | +€768 | |
| Total equity and liabilities | 10/49 | €1,662,990 | €1,040,249 | -€622,741 | -37.4% |
| Equity | 10/15 | €140,812 | €42,819 | -€97,993 | -69.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | - | -€200,000 | |
| Reserves | 13 | €49,602 | €49,602 | = | 0.0% |
| Distributable reserves | 133 | €49,602 | €49,602 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,249 | -€27,242 | +€102,007 | +78.9% |
| Amounts payable | 17/49 | €1,522,178 | €997,429 | -€524,748 | -34.5% |
| Amounts payable after more than one year | 17 | €389,613 | €486,250 | +€96,637 | +24.8% |
| Financial debts | 170/4 | €389,613 | €486,250 | +€96,637 | +24.8% |
| Amounts payable within one year | 42/48 | €1,128,414 | €511,179 | -€617,234 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €13,593 | - | -€13,593 | |
| Financial debts | 43 | €835,619 | €4,104 | -€831,515 | -99.5% |
| Credit institutions | 430/8 | €835,619 | €4,104 | -€831,515 | -99.5% |
| Trade debts | 44 | €13,885 | €73,346 | +€59,461 | +428% |
| Suppliers | 440/4 | €13,885 | €73,346 | +€59,461 | +428% |
| Taxes, remuneration and social security | 45 | €27,561 | €187,564 | +€160,002 | +581% |
| Taxes | 450/3 | €27,561 | €187,564 | +€160,002 | +581% |
| Other amounts payable | 47/48 | €237,755 | €246,166 | +€8,411 | +3.5% |
| Accrued charges and deferred income | 492/3 | €4,151 | - | -€4,151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,926 | - | -€6,926 | |
| Other operating charges | 640/8 | €3,653 | €102,989 | +€99,335 | +2,719% |
| Gross operating margin | 9900 | -€32,719 | €264,023 | +€296,742 | |
| Operating profit (loss) | 9901 | -€43,299 | €161,034 | +€204,333 | |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €80,087 | €58,729 | -€21,358 | -26.7% |
| Recurring financial charges | 65 | €80,087 | €58,729 | -€21,358 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€123,385 | €102,352 | +€225,737 | |
| Income taxes | 67/77 | - | €345 | +€345 | |
| Profit (loss) for the period | 9904 | -€123,385 | €102,007 | +€225,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€123,385 | €102,007 | +€225,392 |
Next steps
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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 2 November 2026 via checked.be.