UP SIDE DOWN INVENTIVE PARTNERS: 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.
UP SIDE DOWN INVENTIVE PARTNERS
Largest movements
- Receivables within one year +€88,467
up €88,467 (+45.4%), from €195,056 to €283,523
of which Trade receivables: +€86,615
- Trade debts +€64,309
up €64,309 (+141%), from €45,737 to €110,046
- Other debts +€18,837
up €18,837 (+6.3%), from €297,873 to €316,711
- Profit (loss) carried forward +€11,256
up €11,256 (+12.8%), from -€87,643 to -€76,387
- Tax, wage and social debts -€6,510
down €6,510 (-94.0%), from €6,926 to €415
of which Remuneration and social security: -€5,381
- Write-downs -€54,049
no longer reported in 2025 (was €54,049)
- Gross operating margin -€40,576
down €40,576 (-58.0%), from €69,970 to €29,394
- Staff costs -€21,037
down €21,037 (-55.3%), from €38,023 to €16,986
- Financial income -€3,142
down €3,142 (-98.8%), from €3,179 to €37
- Taxes -€998
no longer reported in 2025 (was €998)
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 | €377,942 | €465,833 | +€87,891 | +23.3% |
| Fixed assets | 21/28 | €179,771 | €179,210 | -€561 | -0.3% |
| Tangible fixed assets | 22/27 | €2,718 | €2,157 | -€561 | -20.6% |
| Plant, machinery and equipment | 23 | €2,272 | €1,802 | -€470 | -20.7% |
| Furniture and vehicles | 24 | €446 | €355 | -€91 | -20.3% |
| Financial fixed assets | 28 | €177,053 | €177,053 | = | 0.0% |
| Current assets | 29/58 | €198,171 | €286,623 | +€88,452 | +44.6% |
| Amounts receivable within one year | 40/41 | €195,056 | €283,523 | +€88,467 | +45.4% |
| Trade receivables | 40 | €193,576 | €280,191 | +€86,615 | +44.7% |
| Other amounts receivable | 41 | €1,480 | €3,332 | +€1,852 | +125% |
| Cash at bank and in hand | 54/58 | €3,116 | €3,101 | -€15 | -0.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | -€0 | |
| Total equity and liabilities | 10/49 | €377,942 | €465,833 | +€87,891 | +23.3% |
| Equity | 10/15 | €26,801 | €38,057 | +€11,256 | +42.0% |
| Contributions | 10/11 | €34,705 | €34,705 | = | 0.0% |
| Revaluation surpluses | 12 | €79,513 | €79,513 | = | 0.0% |
| Reserves | 13 | €225 | €225 | = | 0.0% |
| Non-distributable reserves | 130/1 | €225 | €225 | = | 0.0% |
| Other | 1319 | €225 | €225 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,643 | -€76,387 | +€11,256 | +12.8% |
| Amounts payable | 17/49 | €351,141 | €427,777 | +€76,636 | +21.8% |
| Amounts payable within one year | 42/48 | €351,141 | €427,777 | +€76,636 | +21.8% |
| Trade debts | 44 | €45,737 | €110,046 | +€64,309 | +141% |
| Suppliers | 440/4 | €45,737 | €110,046 | +€64,309 | +141% |
| Advances received on contracts in progress | 46 | €605 | €605 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,926 | €415 | -€6,510 | -94.0% |
| Taxes | 450/3 | €1,544 | €415 | -€1,129 | -73.1% |
| Remuneration and social security | 454/9 | €5,381 | - | -€5,381 | |
| Other amounts payable | 47/48 | €297,873 | €316,711 | +€18,837 | +6.3% |
| Remuneration, social security and pensions | 62 | €38,023 | €16,986 | -€21,037 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86 | €561 | +€475 | +553% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €54,049 | - | -€54,049 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €69,970 | €29,394 | -€40,576 | -58.0% |
| Operating profit (loss) | 9901 | -€22,693 | €11,328 | +€34,021 | |
| Financial income | 75/76B | €3,179 | €37 | -€3,142 | -98.8% |
| Recurring financial income | 75 | €3,179 | €37 | -€3,142 | -98.8% |
| Financial charges | 65/66B | €90 | €109 | +€20 | +21.8% |
| Recurring financial charges | 65 | €90 | €109 | +€20 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,604 | €11,256 | +€30,859 | |
| Income taxes | 67/77 | €998 | - | -€998 | |
| Profit (loss) for the period | 9904 | -€20,602 | €11,256 | +€31,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,602 | €11,256 | +€31,857 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.