Financial report
Profit and Loss
Operating expenses reached €9,599,791 in 2024, 9% higher than 2023’s total of €8,839,761.
Operating revenues increased by 3% to reach €9.638.685 in 2024, compared with €9,334,425 in 2023.
The 2024 net operating profit before exceptional results was €38,893. This is explained by effective expense management and the postponement of certain projects to 2025.
Invest Europe funded special projects with positive long-term impact on Invest Europe’s service level for the amount of €243,979: the overhaul of the Invest Europe website and structuring internal projects.
The 2024 net accounting loss was €205,086.
Balance Sheet
The balance sheet total was €8,243,801 on December 31, 2024.
The cash position decreased to €7,180,977 on December 31, 2024, from €7,422,552 on December 31, 2023.
The net accounting loss resulted in a decrease in reserves from €6,102,230 to €5,897,144.
Budget 2025
For 2025, Invest Europe proposes a budget slightly at loss before exceptional projects due to a significant increase in costs resulting from inflation offset by membership fee indexation.
The political uncertainties and the economic downturn might have an impact on the finances of the Association. The extent of this impact is difficult to assess at this time. Given cash reserves accumulated over past years, there is no immediate concern for the year to come.
The Board will closely monitor Invest Europe’s financial situation throughout the year.
Historic evolution (€m)
Summary of significant accounting policies
Fixed assets
Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided over the estimated useful lives of assets using the straight line method.
Cash or cash equivalent
Cash and cash equivalent are carried at nominal value.
Receivables
Receivables are carried at nominal value. Provisions are made for all receivables during the year if no explicit confirmation or certainty about payment is available.
Provisions
Provisions are recognised for probable obligations when a reliable estimate of the amount can be made.
Liabilities
Trade payables and payroll liabilities are carried at nominal value.
Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. With respect to the rendering of services, revenue is recognised by reference to the stage of completion.