P-INVEST: what changed
P-INVEST
Largest movements
- Current investments +€725,702
new in 2025: €725,702
- Cash -€633,450
down €633,450 (-77.3%), from €819,849 to €186,400
mainly Current investments (-€725,702) and Net result for the year (-€264,978)
- Tangible fixed assets -€334,136
down €334,136 (-100%), from €334,136 to €0
of which Land and buildings: -€334,136
- Receivables within one year +€19,681
up €19,681, from €0 to €19,681
- Profit (loss) carried forward -€264,978
down €264,978, from €19,877 to -€245,100
- Other debts +€49,636
up €49,636 (+24.2%), from €204,828 to €254,464
- Gross operating margin -€1.1m
down €1.1m (-96.4%), from €1.1m to €40,804
- Taxes -€339,247
down €339,247 (-99.8%), from €339,944 to €697
- Financial charges +€275,933
up €275,933 (+945%), from €29,184 to €305,117
of which Financial charges: +€274,778
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 | €1,153,985 | €931,784 | -€222,201 | -19.3% |
| Fixed assets | 21/28 | €334,136 | €0 | -€334,136 | -100% |
| Tangible fixed assets | 22/27 | €334,136 | €0 | -€334,136 | -100% |
| Land and buildings | 22 | €334,136 | €0 | -€334,136 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €819,849 | €931,784 | +€111,935 | +13.7% |
| Amounts receivable within one year | 40/41 | €0 | €19,681 | +€19,681 | |
| Other amounts receivable | 41 | €0 | €19,681 | +€19,681 | |
| Current investments | 50/53 | - | €725,702 | +€725,702 | |
| Cash at bank and in hand | 54/58 | €819,849 | €186,400 | -€633,450 | -77.3% |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €1,153,985 | €931,784 | -€222,201 | -19.3% |
| Equity | 10/15 | €880,844 | €615,867 | -€264,978 | -30.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €842,417 | €842,417 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,463 | €13,463 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,463 | €13,463 | = | 0.0% |
| Distributable reserves | 133 | €828,954 | €828,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,877 | -€245,100 | -€264,978 | |
| Amounts payable | 17/49 | €273,141 | €315,917 | +€42,777 | +15.7% |
| Amounts payable within one year | 42/48 | €248,337 | €296,477 | +€48,139 | +19.4% |
| Trade debts | 44 | €3,609 | €2,112 | -€1,497 | -41.5% |
| Suppliers | 440/4 | €3,609 | €2,112 | -€1,497 | -41.5% |
| Taxes, remuneration and social security | 45 | €39,900 | €39,900 | = | 0.0% |
| Taxes | 450/3 | €39,900 | €39,900 | = | 0.0% |
| Other amounts payable | 47/48 | €204,828 | €254,464 | +€49,636 | +24.2% |
| Accrued charges and deferred income | 492/3 | €24,804 | €19,441 | -€5,363 | -21.6% |
| Non-recurring operating income | 76A | €1,173,846 | €64,864 | -€1.1m | -94.5% |
| Other operating charges | 640/8 | €7,048 | €1,773 | -€5,275 | -74.8% |
| Gross operating margin | 9900 | €1,135,346 | €40,804 | -€1.1m | -96.4% |
| Operating profit (loss) | 9901 | €1,128,298 | €39,032 | -€1.1m | -96.5% |
| Financial income | 75/76B | €132 | €1,805 | +€1,673 | +1,264% |
| Recurring financial income | 75 | €132 | €1,260 | +€1,128 | +852% |
| Non-recurring financial income | 76B | - | €544 | +€544 | |
| Financial charges | 65/66B | €29,184 | €305,117 | +€275,933 | +945% |
| Recurring financial charges | 65 | €29,184 | €303,962 | +€274,778 | +942% |
| Non-recurring financial charges | 66B | - | €1,155 | +€1,155 | |
| Profit (loss) for the period before taxes | 9903 | €1,099,246 | -€264,281 | -€1.4m | |
| Income taxes | 67/77 | €339,944 | €697 | -€339,247 | -99.8% |
| Profit (loss) for the period | 9904 | €759,302 | -€264,978 | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €759,302 | -€264,978 | -€1.0m |
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 4 November 2026 via checked.be.