INVAST: 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.
INVAST
Largest movements
- Receivables within one year +€3,002
up €3,002 (+5.0%), from €59,521 to €62,522
of which Other amounts receivable: +€4,002
- Other debts +€10,864
up €10,864 (+18.1%), from €59,869 to €70,733
- Profit (loss) carried forward -€8,225
down €8,225 (-8.7%), from -€95,016 to -€103,241
- Gross operating margin -€5,256
down €5,256 (-825%), from -€637 to -€5,893
- Financial charges +€726
up €726 (+198%), from €367 to €1,093
- Other operating charges -€103
down €103 (-41.6%), from €247 to €144
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 | €130,008 | €131,971 | +€1,963 | +1.5% |
| Fixed assets | 21/28 | €1,327 | €232 | -€1,095 | -82.5% |
| Tangible fixed assets | 22/27 | €1,327 | €232 | -€1,095 | -82.5% |
| Furniture and vehicles | 24 | €1,327 | €232 | -€1,095 | -82.5% |
| Current assets | 29/58 | €128,681 | €131,739 | +€3,058 | +2.4% |
| Stocks and contracts in progress | 3 | €59,659 | €59,659 | = | 0.0% |
| Stocks | 30/36 | €59,659 | €59,659 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,521 | €62,522 | +€3,002 | +5.0% |
| Trade receivables | 40 | €2,651 | €1,651 | -€1,000 | -37.7% |
| Other amounts receivable | 41 | €56,870 | €60,871 | +€4,002 | +7.0% |
| Current investments | 50/53 | €9,500 | €9,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1 | €58 | +€57 | +4,127% |
| Total equity and liabilities | 10/49 | €130,008 | €131,971 | +€1,963 | +1.5% |
| Equity | 10/15 | €65,951 | €57,726 | -€8,225 | -12.5% |
| Contributions | 10/11 | €136,837 | €136,837 | = | 0.0% |
| Capital | 10 | €136,837 | €136,837 | = | 0.0% |
| Issued capital | 100 | €136,837 | €136,837 | = | 0.0% |
| Reserves | 13 | €24,130 | €24,130 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,212 | €8,212 | = | 0.0% |
| Legal reserve | 130 | €8,212 | €8,212 | = | 0.0% |
| Distributable reserves | 133 | €15,918 | €15,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,016 | -€103,241 | -€8,225 | -8.7% |
| Amounts payable | 17/49 | €64,057 | €74,245 | +€10,188 | +15.9% |
| Amounts payable within one year | 42/48 | €64,057 | €74,245 | +€10,188 | +15.9% |
| Trade debts | 44 | €4,188 | €3,512 | -€676 | -16.1% |
| Suppliers | 440/4 | €4,188 | €3,512 | -€676 | -16.1% |
| Other amounts payable | 47/48 | €59,869 | €70,733 | +€10,864 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €1,095 | = | 0.0% |
| Other operating charges | 640/8 | €247 | €144 | -€103 | -41.6% |
| Gross operating margin | 9900 | -€637 | -€5,893 | -€5,256 | -825% |
| Operating profit (loss) | 9901 | -€1,979 | -€7,132 | -€5,153 | -260% |
| Financial charges | 65/66B | €367 | €1,093 | +€726 | +198% |
| Recurring financial charges | 65 | €367 | €1,093 | +€726 | +198% |
| Profit (loss) for the period before taxes | 9903 | -€2,346 | -€8,225 | -€5,879 | -251% |
| Profit (loss) for the period | 9904 | -€2,346 | -€8,225 | -€5,879 | -251% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,346 | -€8,225 | -€5,879 | -251% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.