2INNOVATE: 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.
2INNOVATE
Largest movements
- Receivables within one year +€4,084
up €4,084 (+27.7%), from €14,738 to €18,822
- Cash -€1,889
down €1,889 (-5.9%), from €32,082 to €30,193
mainly Receivables within one year (-€4,084) and Other debts (-€1,718)
- Tangible fixed assets -€807
down €807 (-41.4%), from €1,949 to €1,142
of which Furniture and vehicles: -€435
- Trade debts +€5,292
up €5,292 (+34.6%), from €15,283 to €20,575
- Other debts -€1,718
no longer reported in 2025 (was €1,718)
- Tax, wage and social debts -€1,414
down €1,414 (-49.3%), from €2,869 to €1,455
- Profit (loss) carried forward -€686
down €686 (-2.4%), from €28,161 to €27,475
- Gross operating margin -€6,011
down €6,011 (-93.8%), from €6,408 to €397
- Taxes -€1,388
no longer reported in 2025 (was €1,388)
- Depreciation -€614
down €614 (-43.2%), from €1,421 to €807
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.
Cash bridge derived
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 | €50,031 | €51,505 | +€1,474 | +2.9% |
| Fixed assets | 21/28 | €1,949 | €1,142 | -€807 | -41.4% |
| Tangible fixed assets | 22/27 | €1,949 | €1,142 | -€807 | -41.4% |
| Plant, machinery and equipment | 23 | €774 | €403 | -€372 | -48.0% |
| Furniture and vehicles | 24 | €1,174 | €739 | -€435 | -37.1% |
| Current assets | 29/58 | €48,082 | €50,363 | +€2,281 | +4.7% |
| Amounts receivable within one year | 40/41 | €14,738 | €18,822 | +€4,084 | +27.7% |
| Trade receivables | 40 | €14,738 | €18,822 | +€4,084 | +27.7% |
| Cash at bank and in hand | 54/58 | €32,082 | €30,193 | -€1,889 | -5.9% |
| Deferred charges and accrued income | 490/1 | €1,262 | €1,348 | +€86 | +6.8% |
| Total equity and liabilities | 10/49 | €50,031 | €51,505 | +€1,474 | +2.9% |
| Equity | 10/15 | €30,161 | €29,475 | -€686 | -2.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,161 | €27,475 | -€686 | -2.4% |
| Amounts payable | 17/49 | €19,870 | €22,030 | +€2,160 | +10.9% |
| Amounts payable within one year | 42/48 | €19,870 | €22,030 | +€2,160 | +10.9% |
| Trade debts | 44 | €15,283 | €20,575 | +€5,292 | +34.6% |
| Suppliers | 440/4 | €15,283 | €20,575 | +€5,292 | +34.6% |
| Taxes, remuneration and social security | 45 | €2,869 | €1,455 | -€1,414 | -49.3% |
| Taxes | 450/3 | €2,869 | €1,455 | -€1,414 | -49.3% |
| Other amounts payable | 47/48 | €1,718 | - | -€1,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,421 | €807 | -€614 | -43.2% |
| Gross operating margin | 9900 | €6,408 | €397 | -€6,011 | -93.8% |
| Operating profit (loss) | 9901 | €4,987 | -€410 | -€5,397 | |
| Financial charges | 65/66B | €287 | €275 | -€12 | -4.2% |
| Recurring financial charges | 65 | €287 | €275 | -€12 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €4,699 | -€686 | -€5,385 | |
| Income taxes | 67/77 | €1,388 | - | -€1,388 | |
| Profit (loss) for the period | 9904 | €3,312 | -€686 | -€3,997 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,312 | -€686 | -€3,997 |
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 10 October 2026 via checked.be.