INVICTUS: 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.
What changed
INVICTUS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€2,986
2023 · -€66,717+€63,731
Equity
€313,292
2023 · €316,279-€2,986
Cash
€113
2023 · €455-€342
Balance sheet total
€1.0m
2023 · €1.1m-€116,957
Largest movements
Assets
- Stocks and contracts -€52,472
no longer reported in 2024 (was €52,472)
- Receivables within one year -€41,430
down €41,430 (-15.3%), from €270,787 to €229,357
of which Other amounts receivable: -€57,394
- Tangible fixed assets -€34,058
down €34,058 (-4.3%), from €796,751 to €762,693
of which Land and buildings: -€34,402
- Receivables after one year +€21,980
new in 2024: €21,980
Equity and liabilities
- Debts after one year -€143,317
down €143,317 (-25.4%), from €563,563 to €420,247
- Current portion of long-term debt +€11,718
up €11,718 (+7.5%), from €156,541 to €168,259
Income statement
- Gross operating margin +€59,790
up €59,790, from -€4,103 to €55,687
- Other operating charges -€3,606
down €3,606 (-33.7%), from €10,697 to €7,091
- Financial income +€1,583
up €1,583 (+791,430%), from €0 to €1,583
- Financial charges +€1,330
up €1,330 (+10.1%), from €13,148 to €14,477
From the 2023 result to the 2024 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.
Result 2023
-€66,717
Gross operating margin
+€59,790
Depreciation
+€89
Other operating charges
+€3,606
Financial income
+€1,583
Financial charges
-€1,330
Taxes
-€8
Result 2024
-€2,986
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€125,437
Investment
+€6,009
Financing
-€131,788
Cash 2023
€455
From operations (derived)
+€125,437
Net result for the year
-€2,986
Depreciation
+€38,549
Receivables after one year
-€21,980
Stocks and contracts
+€52,472
Receivables within one year
+€41,430
Deferred charges and accrued income
+€136
Trade debts
+€9,420
Tax, wage and social debts
+€8,686
Other debts
-€1,444
Accrued charges and deferred income
+€1,155
Investment (derived)
+€6,009
Investment in fixed assets (net)
+€6,009
Financing
-€131,788
Debts after one year
-€143,317
Current portion of long-term debt
+€11,718
Short-term financial debts
-€189
Cash 2024
€113
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,131,178 | €1,014,220 | -€116,957 | -10.3% |
| Fixed assets | 21/28 | €807,251 | €762,693 | -€44,558 | -5.5% |
| Tangible fixed assets | 22/27 | €796,751 | €762,693 | -€34,058 | -4.3% |
| Land and buildings | 22 | €782,422 | €748,021 | -€34,402 | -4.4% |
| Plant, machinery and equipment | 23 | €12,386 | €10,077 | -€2,309 | -18.6% |
| Furniture and vehicles | 24 | €1,942 | €4,595 | +€2,653 | +137% |
| Financial fixed assets | 28 | €10,500 | - | -€10,500 | |
| Current assets | 29/58 | €323,927 | €251,527 | -€72,400 | -22.4% |
| Amounts receivable after more than one year | 29 | - | €21,980 | +€21,980 | |
| Other amounts receivable | 291 | - | €21,980 | +€21,980 | |
| Stocks and contracts in progress | 3 | €52,472 | - | -€52,472 | |
| Stocks | 30/36 | €52,472 | - | -€52,472 | |
| Amounts receivable within one year | 40/41 | €270,787 | €229,357 | -€41,430 | -15.3% |
| Trade receivables | 40 | €213,148 | €229,112 | +€15,964 | +7.5% |
| Other amounts receivable | 41 | €57,639 | €244 | -€57,394 | -99.6% |
| Cash at bank and in hand | 54/58 | €455 | €113 | -€342 | -75.2% |
| Deferred charges and accrued income | 490/1 | €213 | €77 | -€136 | -63.7% |
| Total equity and liabilities | 10/49 | €1,131,178 | €1,014,220 | -€116,957 | -10.3% |
| Equity | 10/15 | €316,279 | €313,292 | -€2,986 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €169,902 | €169,902 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €168,042 | €168,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,777 | €124,791 | -€2,986 | -2.3% |
| Amounts payable | 17/49 | €814,899 | €700,928 | -€113,971 | -14.0% |
| Amounts payable after more than one year | 17 | €563,563 | €420,247 | -€143,317 | -25.4% |
| Financial debts | 170/4 | €563,563 | €420,247 | -€143,317 | -25.4% |
| Amounts payable within one year | 42/48 | €251,336 | €279,526 | +€28,190 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €156,541 | €168,259 | +€11,718 | +7.5% |
| Financial debts | 43 | €79,826 | €79,636 | -€189 | -0.2% |
| Credit institutions | 430/8 | €79,826 | €79,636 | -€189 | -0.2% |
| Trade debts | 44 | €6,876 | €16,296 | +€9,420 | +137% |
| Suppliers | 440/4 | €6,876 | €16,296 | +€9,420 | +137% |
| Taxes, remuneration and social security | 45 | €5,099 | €13,785 | +€8,686 | +170% |
| Taxes | 450/3 | €5,099 | €13,785 | +€8,686 | +170% |
| Other amounts payable | 47/48 | €2,994 | €1,550 | -€1,444 | -48.2% |
| Accrued charges and deferred income | 492/3 | - | €1,155 | +€1,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,638 | €38,549 | -€89 | -0.2% |
| Other operating charges | 640/8 | €10,697 | €7,091 | -€3,606 | -33.7% |
| Gross operating margin | 9900 | -€4,103 | €55,687 | +€59,790 | |
| Operating profit (loss) | 9901 | -€53,438 | €10,048 | +€63,486 | |
| Financial income | 75/76B | €0 | €1,583 | +€1,583 | +791,430% |
| Recurring financial income | 75 | €0 | €1,583 | +€1,583 | +791,430% |
| Financial charges | 65/66B | €13,148 | €14,477 | +€1,330 | +10.1% |
| Recurring financial charges | 65 | €13,148 | €14,477 | +€1,330 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€66,585 | -€2,847 | +€63,739 | +95.7% |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | -€66,717 | -€2,986 | +€63,731 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,717 | -€2,986 | +€63,731 | +95.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.