Ainnovate: 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.
Ainnovate
Largest movements
- Financial fixed assets +€25,100
new in 2025: €25,100
- Receivables within one year +€18,418
up €18,418 (+37.8%), from €48,663 to €67,081
of which Trade receivables: +€19,027
- Deferred charges and accrued income -€8,810
down €8,810 (-95.3%), from €9,245 to €436
- Reserves +€156,757
new in 2025: €156,757
- Profit (loss) carried forward -€115,374
no longer reported in 2025 (was €115,374)
- Debts after one year -€19,677
down €19,677 (-30.6%), from €64,228 to €44,551
- Trade debts +€12,446
up €12,446 (+221%), from €5,642 to €18,088
- Other debts -€4,284
down €4,284 (-22.0%), from €19,430 to €15,145
- Financial charges -€49,042
down €49,042 (-93.9%), from €52,240 to €3,198
- Gross operating margin -€39,160
down €39,160 (-37.6%), from €104,129 to €64,969
- Taxes +€2,243
up €2,243 (+19.8%), from €11,350 to €13,594
- Depreciation +€1,052
up €1,052 (+25.3%), from €4,160 to €5,211
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 | €249,228 | €279,576 | +€30,348 | +12.2% |
| Fixed assets | 21/28 | €15,576 | €39,011 | +€23,435 | +150% |
| Tangible fixed assets | 22/27 | €15,576 | €13,911 | -€1,665 | -10.7% |
| Land and buildings | 22 | €8,100 | €7,200 | -€900 | -11.1% |
| Plant, machinery and equipment | 23 | €7,476 | €6,711 | -€765 | -10.2% |
| Financial fixed assets | 28 | - | €25,100 | +€25,100 | |
| Current assets | 29/58 | €233,652 | €240,565 | +€6,913 | +3.0% |
| Amounts receivable within one year | 40/41 | €48,663 | €67,081 | +€18,418 | +37.8% |
| Trade receivables | 40 | €48,054 | €67,081 | +€19,027 | +39.6% |
| Other amounts receivable | 41 | €609 | - | -€609 | |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €75,743 | €73,048 | -€2,695 | -3.6% |
| Deferred charges and accrued income | 490/1 | €9,245 | €436 | -€8,810 | -95.3% |
| Total equity and liabilities | 10/49 | €249,228 | €279,576 | +€30,348 | +12.2% |
| Equity | 10/15 | €117,374 | €158,757 | +€41,383 | +35.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €156,757 | +€156,757 | |
| Distributable reserves | 133 | - | €156,757 | +€156,757 | |
| Profit (loss) carried forward | 14 | €115,374 | - | -€115,374 | |
| Amounts payable | 17/49 | €131,854 | €120,819 | -€11,035 | -8.4% |
| Amounts payable after more than one year | 17 | €64,228 | €44,551 | -€19,677 | -30.6% |
| Financial debts | 170/4 | €64,228 | €44,551 | -€19,677 | -30.6% |
| Amounts payable within one year | 42/48 | €67,626 | €75,569 | +€7,943 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €18,900 | €19,677 | +€777 | +4.1% |
| Trade debts | 44 | €5,642 | €18,088 | +€12,446 | +221% |
| Suppliers | 440/4 | €5,642 | €18,088 | +€12,446 | +221% |
| Taxes, remuneration and social security | 45 | €23,654 | €22,659 | -€995 | -4.2% |
| Taxes | 450/3 | €23,654 | €22,659 | -€995 | -4.2% |
| Other amounts payable | 47/48 | €19,430 | €15,145 | -€4,284 | -22.0% |
| Accrued charges and deferred income | 492/3 | - | €699 | +€699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,160 | €5,211 | +€1,052 | +25.3% |
| Other operating charges | 640/8 | €1,316 | €1,645 | +€330 | +25.0% |
| Non-recurring operating charges | 66A | - | €238 | +€238 | |
| Gross operating margin | 9900 | €104,129 | €64,969 | -€39,160 | -37.6% |
| Operating profit (loss) | 9901 | €98,654 | €57,874 | -€40,780 | -41.3% |
| Financial income | 75/76B | €183 | €301 | +€118 | +64.6% |
| Recurring financial income | 75 | €183 | €301 | +€118 | +64.6% |
| Financial charges | 65/66B | €52,240 | €3,198 | -€49,042 | -93.9% |
| Recurring financial charges | 65 | €52,240 | €3,198 | -€49,042 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €46,596 | €54,977 | +€8,380 | +18.0% |
| Income taxes | 67/77 | €11,350 | €13,594 | +€2,243 | +19.8% |
| Profit (loss) for the period | 9904 | €35,246 | €41,383 | +€6,137 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,246 | €41,383 | +€6,137 | +17.4% |
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 13 October 2026 via checked.be.