T-INVEST: what changed
T-INVEST
Largest movements
- Receivables within one year +€379,417
up €379,417 (+6,119%), from €6,200 to €385,617
of which Other amounts receivable: +€248,250
- Cash -€179,054
down €179,054 (-45.1%), from €397,207 to €218,153
mainly Receivables within one year (-€379,417) and Advances received (-€36,811)
- Stocks and contracts -€148,876
down €148,876 (-100%), from €148,876 to €0
- Tangible fixed assets -€13,043
down €13,043 (-38.3%), from €34,065 to €21,022
- Advances received -€36,811
down €36,811 (-87.5%), from €42,086 to €5,275
- Tax, wage and social debts +€32,756
up €32,756 (+1,633%), from €2,006 to €34,762
- Reserves +€30,644
up €30,644 (+5.8%), from €528,302 to €558,946
of which Distributable reserves: +€30,644
- Trade debts +€11,780
up €11,780 (+124%), from €9,494 to €21,274
- Financial income -€8,656
down €8,656 (-100.0%), from €8,656 to €0
- Gross operating margin +€1,221
up €1,221 (+2.1%), from €57,709 to €58,930
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 | €588,241 | €626,609 | +€38,368 | +6.5% |
| Fixed assets | 21/28 | €34,065 | €21,022 | -€13,043 | -38.3% |
| Tangible fixed assets | 22/27 | €34,065 | €21,022 | -€13,043 | -38.3% |
| Plant, machinery and equipment | 23 | €34,065 | €21,022 | -€13,043 | -38.3% |
| Current assets | 29/58 | €554,175 | €605,587 | +€51,411 | +9.3% |
| Stocks and contracts in progress | 3 | €148,876 | €0 | -€148,876 | -100% |
| Stocks | 30/36 | €148,876 | €0 | -€148,876 | -100% |
| Amounts receivable within one year | 40/41 | €6,200 | €385,617 | +€379,417 | +6,119% |
| Trade receivables | 40 | €4,450 | €135,617 | +€131,166 | +2,947% |
| Other amounts receivable | 41 | €1,750 | €250,000 | +€248,250 | +14,187% |
| Cash at bank and in hand | 54/58 | €397,207 | €218,153 | -€179,054 | -45.1% |
| Deferred charges and accrued income | 490/1 | €1,892 | €1,817 | -€75 | -4.0% |
| Total equity and liabilities | 10/49 | €588,241 | €626,609 | +€38,368 | +6.5% |
| Equity | 10/15 | €533,807 | €564,451 | +€30,644 | +5.7% |
| Contributions | 10/11 | €5,505 | €5,505 | = | 0.0% |
| Reserves | 13 | €528,302 | €558,946 | +€30,644 | +5.8% |
| Tax-exempt reserves | 132 | €14,442 | €14,442 | = | 0.0% |
| Distributable reserves | 133 | €513,861 | €544,504 | +€30,644 | +6.0% |
| Amounts payable | 17/49 | €54,434 | €62,158 | +€7,724 | +14.2% |
| Amounts payable within one year | 42/48 | €54,434 | €62,158 | +€7,724 | +14.2% |
| Trade debts | 44 | €9,494 | €21,274 | +€11,780 | +124% |
| Suppliers | 440/4 | €9,494 | €21,274 | +€11,780 | +124% |
| Advances received on contracts in progress | 46 | €42,086 | €5,275 | -€36,811 | -87.5% |
| Taxes, remuneration and social security | 45 | €2,006 | €34,762 | +€32,756 | +1,633% |
| Taxes | 450/3 | €2,006 | €34,762 | +€32,756 | +1,633% |
| Other amounts payable | 47/48 | €848 | €848 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,043 | €13,043 | = | 0.0% |
| Other operating charges | 640/8 | €1,205 | €681 | -€525 | -43.5% |
| Gross operating margin | 9900 | €57,709 | €58,930 | +€1,221 | +2.1% |
| Operating profit (loss) | 9901 | €43,460 | €45,206 | +€1,745 | +4.0% |
| Financial income | 75/76B | €8,656 | €0 | -€8,656 | -100.0% |
| Recurring financial income | 75 | €8,656 | €0 | -€8,656 | -100.0% |
| Financial charges | 65/66B | €5 | €262 | +€257 | +5,132% |
| Recurring financial charges | 65 | €5 | €262 | +€257 | +5,132% |
| Profit (loss) for the period before taxes | 9903 | €52,111 | €44,944 | -€7,167 | -13.8% |
| Income taxes | 67/77 | €14,601 | €14,300 | -€300 | -2.1% |
| Profit (loss) for the period | 9904 | €37,510 | €30,644 | -€6,867 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,510 | €30,644 | -€6,867 | -18.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.