Belgian Innovation Group: what changed
What changed
Belgian Innovation Group
NACE 43.212, Electrical installation work in industrial facilities
filed annual accounts (NBB)
Net result for the year
€14,285
2023 · €34,374-€20,089
Equity
€43,489
2023 · €29,204+€14,285
Cash
€16,255
2023 · €6,802+€9,453
Balance sheet total
€86,830
2023 · €89,406-€2,576
Largest movements
Assets
- Cash +€9,453
up €9,453 (+139%), from €6,802 to €16,255
mainly Trade debts (+€14,825) and Net result for the year (+€14,285)
- Receivables within one year -€6,098
down €6,098 (-13.3%), from €46,017 to €39,919
of which Other amounts receivable: -€9,583
- Tangible fixed assets -€4,671
down €4,671 (-37.0%), from €12,624 to €7,953
Equity and liabilities
- Other debts -€31,752
no longer reported in 2024 (was €31,752)
- Trade debts +€14,825
up €14,825 (+151%), from €9,841 to €24,666
- Profit (loss) carried forward +€14,285
new in 2024: €14,285
- Debts after one year -€4,261
no longer reported in 2024 (was €4,261)
- Tax, wage and social debts +€3,880
up €3,880 (+36.8%), from €10,533 to €14,413
Income statement
- Gross operating margin -€13,988
down €13,988 (-29.7%), from €47,157 to €33,169
- Other operating charges +€3,408
up €3,408 (+323%), from €1,054 to €4,463
- Financial charges +€2,885
up €2,885 (+152%), from €1,892 to €4,777
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€34,374
Gross operating margin
-€13,988
Depreciation
-€289
Other operating charges
-€3,408
Financial income
+€415
Financial charges
-€2,885
Taxes
+€66
Result 2024
€14,285
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,267
Investment
€0
Financing
-€3,814
Cash 2023
€6,802
From operations (derived)
+€13,267
Net result for the year
+€14,285
Depreciation
+€4,671
Stocks and contracts
+€500
Receivables within one year
+€6,098
Deferred charges and accrued income
+€760
Trade debts
+€14,825
Tax, wage and social debts
+€3,880
Other debts
-€31,752
Financing
-€3,814
Debts after one year
-€4,261
Current portion of long-term debt
+€448
Cash 2024
€16,255
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,406 | €86,830 | -€2,576 | -2.9% |
| Fixed assets | 21/28 | €12,624 | €7,953 | -€4,671 | -37.0% |
| Tangible fixed assets | 22/27 | €12,624 | €7,953 | -€4,671 | -37.0% |
| Furniture and vehicles | 24 | €12,624 | €7,953 | -€4,671 | -37.0% |
| Current assets | 29/58 | €76,781 | €78,876 | +€2,095 | +2.7% |
| Amounts receivable after more than one year | 29 | €21,645 | €21,645 | = | 0.0% |
| Other amounts receivable | 291 | €21,645 | €21,645 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,000 | €500 | -€500 | -50.0% |
| Stocks | 30/36 | €1,000 | €500 | -€500 | -50.0% |
| Amounts receivable within one year | 40/41 | €46,017 | €39,919 | -€6,098 | -13.3% |
| Trade receivables | 40 | €8,885 | €12,370 | +€3,485 | +39.2% |
| Other amounts receivable | 41 | €37,132 | €27,549 | -€9,583 | -25.8% |
| Cash at bank and in hand | 54/58 | €6,802 | €16,255 | +€9,453 | +139% |
| Deferred charges and accrued income | 490/1 | €1,317 | €558 | -€760 | -57.7% |
| Total equity and liabilities | 10/49 | €89,406 | €86,830 | -€2,576 | -2.9% |
| Equity | 10/15 | €29,204 | €43,489 | +€14,285 | +48.9% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €22,537 | €22,537 | = | 0.0% |
| Distributable reserves | 133 | €22,537 | €22,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €14,285 | +€14,285 | |
| Amounts payable | 17/49 | €60,201 | €43,341 | -€16,861 | -28.0% |
| Amounts payable after more than one year | 17 | €4,261 | - | -€4,261 | |
| Financial debts | 170/4 | €4,261 | - | -€4,261 | |
| Amounts payable within one year | 42/48 | €55,940 | €43,341 | -€12,599 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €3,814 | €4,261 | +€448 | +11.7% |
| Trade debts | 44 | €9,841 | €24,666 | +€14,825 | +151% |
| Suppliers | 440/4 | €9,841 | €24,666 | +€14,825 | +151% |
| Taxes, remuneration and social security | 45 | €10,533 | €14,413 | +€3,880 | +36.8% |
| Taxes | 450/3 | €10,533 | €14,413 | +€3,880 | +36.8% |
| Other amounts payable | 47/48 | €31,752 | - | -€31,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,382 | €4,671 | +€289 | +6.6% |
| Other operating charges | 640/8 | €1,054 | €4,463 | +€3,408 | +323% |
| Gross operating margin | 9900 | €47,157 | €33,169 | -€13,988 | -29.7% |
| Operating profit (loss) | 9901 | €41,721 | €24,036 | -€17,685 | -42.4% |
| Financial income | 75/76B | €1,477 | €1,893 | +€415 | +28.1% |
| Recurring financial income | 75 | €1,477 | €1,893 | +€415 | +28.1% |
| Financial charges | 65/66B | €1,892 | €4,777 | +€2,885 | +152% |
| Recurring financial charges | 65 | €1,892 | €4,777 | +€2,885 | +152% |
| Profit (loss) for the period before taxes | 9903 | €41,307 | €21,152 | -€20,155 | -48.8% |
| Income taxes | 67/77 | €6,933 | €6,867 | -€66 | -1.0% |
| Profit (loss) for the period | 9904 | €34,374 | €14,285 | -€20,089 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,374 | €14,285 | -€20,089 | -58.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.