T-Invest: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
T-Invest
Largest movements
- Receivables within one year +€67,690
up €67,690, from €0 to €67,690
of which Trade receivables: +€66,825
- Cash -€48,359
down €48,359 (-55.5%), from €87,056 to €38,697
mainly Receivables within one year (-€67,690) and Other debts (-€30,679)
- Reserves +€56,085
up €56,085 (+8.0%), from €700,058 to €756,143
- Other debts -€30,679
down €30,679 (-2.4%), from €1.3m to €1.2m
- Turnover +€30,945
up €30,945 (+18.5%), from €167,283 to €198,227
- Services and other goods -€15,753
down €15,753 (-17.1%), from €92,290 to €76,537
- Taxes +€14,744
up €14,744 (+231%), from €6,390 to €21,133
- Goods and materials -€6,115
down €6,115 (-12.7%), from €48,343 to €42,227
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,241,361 | €2,263,269 | +€21,907 | +1.0% |
| Fixed assets | 21/28 | €2,154,305 | €2,154,305 | = | 0.0% |
| Financial fixed assets | 28 | €2,154,305 | €2,154,305 | = | 0.0% |
| Affiliated companies | 280/1 | €2,149,705 | €2,149,705 | = | 0.0% |
| Participating interests | 280 | €2,149,705 | €2,149,705 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €4,500 | €4,500 | = | 0.0% |
| Participating interests | 282 | €4,500 | €4,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €100 | €100 | = | 0.0% |
| Shares | 284 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €87,056 | €108,964 | +€21,907 | +25.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €0 | €67,690 | +€67,690 | |
| Trade receivables | 40 | €0 | €66,825 | +€66,825 | |
| Other amounts receivable | 41 | €0 | €865 | +€865 | |
| Cash at bank and in hand | 54/58 | €87,056 | €38,697 | -€48,359 | -55.5% |
| Deferred charges and accrued income | 490/1 | - | €2,577 | +€2,577 | |
| Total equity and liabilities | 10/49 | €2,241,361 | €2,263,269 | +€21,907 | +1.0% |
| Equity | 10/15 | €930,683 | €986,768 | +€56,085 | +6.0% |
| Contributions | 10/11 | €230,625 | €230,625 | = | 0.0% |
| Reserves | 13 | €700,058 | €756,143 | +€56,085 | +8.0% |
| Distributable reserves | 133 | €700,058 | €756,143 | +€56,085 | +8.0% |
| Amounts payable | 17/49 | €1,310,679 | €1,276,501 | -€34,177 | -2.6% |
| Amounts payable within one year | 42/48 | €1,303,931 | €1,276,501 | -€27,430 | -2.1% |
| Trade debts | 44 | €13,259 | €1,227 | -€12,031 | -90.7% |
| Suppliers | 440/4 | €13,259 | €1,227 | -€12,031 | -90.7% |
| Taxes, remuneration and social security | 45 | €27,224 | €42,504 | +€15,281 | +56.1% |
| Taxes | 450/3 | €23,744 | €38,164 | +€14,421 | +60.7% |
| Remuneration and social security | 454/9 | €3,480 | €4,340 | +€860 | +24.7% |
| Other amounts payable | 47/48 | €1,263,449 | €1,232,770 | -€30,679 | -2.4% |
| Accrued charges and deferred income | 492/3 | €6,748 | €0 | -€6,748 | -100% |
| Operating income | 70/76A | €167,972 | €198,227 | +€30,256 | +18.0% |
| Turnover | 70 | €167,283 | €198,227 | +€30,945 | +18.5% |
| Other operating income | 74 | €689 | €0 | -€689 | -100% |
| Operating charges | 60/66A | €142,716 | €119,852 | -€22,864 | -16.0% |
| Goods for resale, raw materials and consumables | 60 | €48,343 | €42,227 | -€6,115 | -12.7% |
| Purchases | 600/8 | €48,343 | €42,227 | -€6,115 | -12.7% |
| Services and other goods | 61 | €92,290 | €76,537 | -€15,753 | -17.1% |
| Other operating charges | 640/8 | €2,083 | €1,088 | -€996 | -47.8% |
| Operating profit (loss) | 9901 | €25,255 | €78,375 | +€53,120 | +210% |
| Financial charges | 65/66B | €1,508 | €1,157 | -€351 | -23.3% |
| Recurring financial charges | 65 | €1,508 | €1,157 | -€351 | -23.3% |
| Other financial charges | 652/9 | €1,508 | €1,157 | -€351 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €23,747 | €77,218 | +€53,471 | +225% |
| Income taxes | 67/77 | €6,390 | €21,133 | +€14,744 | +231% |
| Taxes | 670/3 | €6,390 | €21,133 | +€14,744 | +231% |
| Profit (loss) for the period | 9904 | €17,357 | €56,085 | +€38,727 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €17,357 | €56,085 | +€38,727 | +223% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.