Positive Invest: what changed
Positive Invest
Largest movements
- Current investments -€136,544
down €136,544 (-42.3%), from €322,789 to €186,244
- Cash +€65,633
up €65,633 (+197%), from €33,394 to €99,027
mainly Current investments (+€136,544) and Net result for the year (+€26,946)
- Tangible fixed assets -€18,544
down €18,544 (-62.8%), from €29,518 to €10,974
of which Furniture and vehicles: -€20,336
- Receivables within one year +€9,869
up €9,869 (+34.3%), from €28,789 to €38,658
of which Trade receivables: +€16,843
- Reserves -€73,554
down €73,554 (-19.3%), from €380,874 to €307,320
- Tax, wage and social debts -€4,927
down €4,927 (-32.7%), from €15,061 to €10,133
- Current portion of long-term debt -€4,206
down €4,206 (-100%), from €4,206 to €0
- Depreciation -€16,470
down €16,470 (-77.8%), from €21,158 to €4,688
- Gross operating margin -€2,794
down €2,794 (-6.7%), from €41,430 to €38,636
- Taxes +€2,673
up €2,673 (+27.1%), from €9,881 to €12,554
- Financial income -€1,190
down €1,190 (-12.0%), from €9,917 to €8,727
- Financial charges +€873
up €873 (+567%), from €154 to €1,027
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 | €417,682 | €338,292 | -€79,390 | -19.0% |
| Fixed assets | 21/28 | €29,518 | €10,974 | -€18,544 | -62.8% |
| Tangible fixed assets | 22/27 | €29,518 | €10,974 | -€18,544 | -62.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €985 | €2,777 | +€1,792 | +182% |
| Furniture and vehicles | 24 | €28,533 | €8,197 | -€20,336 | -71.3% |
| Current assets | 29/58 | €388,164 | €327,319 | -€60,846 | -15.7% |
| Amounts receivable within one year | 40/41 | €28,789 | €38,658 | +€9,869 | +34.3% |
| Trade receivables | 40 | €11,616 | €28,459 | +€16,843 | +145% |
| Other amounts receivable | 41 | €17,173 | €10,198 | -€6,974 | -40.6% |
| Current investments | 50/53 | €322,789 | €186,244 | -€136,544 | -42.3% |
| Cash at bank and in hand | 54/58 | €33,394 | €99,027 | +€65,633 | +197% |
| Deferred charges and accrued income | 490/1 | €3,193 | €3,390 | +€197 | +6.2% |
| Total equity and liabilities | 10/49 | €417,682 | €338,292 | -€79,390 | -19.0% |
| Equity | 10/15 | €393,224 | €319,670 | -€73,554 | -18.7% |
| Contributions | 10/11 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €380,874 | €307,320 | -€73,554 | -19.3% |
| Distributable reserves | 133 | €380,874 | €307,320 | -€73,554 | -19.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,458 | €18,623 | -€5,836 | -23.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €20,958 | €15,123 | -€5,836 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €4,206 | €0 | -€4,206 | -100% |
| Trade debts | 44 | €1,691 | €2,781 | +€1,090 | +64.4% |
| Suppliers | 440/4 | €1,691 | €2,781 | +€1,090 | +64.4% |
| Taxes, remuneration and social security | 45 | €15,061 | €10,133 | -€4,927 | -32.7% |
| Taxes | 450/3 | €15,061 | €10,133 | -€4,927 | -32.7% |
| Other amounts payable | 47/48 | - | €2,208 | +€2,208 | |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €5,180 | +€5,180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,158 | €4,688 | -€16,470 | -77.8% |
| Other operating charges | 640/8 | €1,814 | €2,148 | +€333 | +18.4% |
| Gross operating margin | 9900 | €41,430 | €38,636 | -€2,794 | -6.7% |
| Operating profit (loss) | 9901 | €18,457 | €31,800 | +€13,343 | +72.3% |
| Financial income | 75/76B | €9,917 | €8,727 | -€1,190 | -12.0% |
| Recurring financial income | 75 | €9,917 | €8,727 | -€1,190 | -12.0% |
| Financial charges | 65/66B | €154 | €1,027 | +€873 | +567% |
| Recurring financial charges | 65 | €154 | €1,027 | +€873 | +567% |
| Profit (loss) for the period before taxes | 9903 | €28,220 | €39,500 | +€11,280 | +40.0% |
| Income taxes | 67/77 | €9,881 | €12,554 | +€2,673 | +27.1% |
| Profit (loss) for the period | 9904 | €18,339 | €26,946 | +€8,607 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,339 | €26,946 | +€8,607 | +46.9% |
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 3 November 2026 via checked.be.