GLOBAL INNOVATION NETWORK: 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.
GLOBAL INNOVATION NETWORK
Largest movements
- Cash -€141,698
down €141,698 (-83.5%), from €169,779 to €28,081
mainly Investment in fixed assets (net) (-€145,341) and Contributions, distributions and other (-€83,919)
- Tangible fixed assets +€125,898
up €125,898 (+441%), from €28,537 to €154,435
of which Land and buildings: +€106,931
- Deferred charges and accrued income +€26,512
up €26,512 (+2,164%), from €1,225 to €27,737
- Financial fixed assets -€3,000
down €3,000 (-96.9%), from €3,096 to €96
- Debts after one year +€90,062
new in 2025: €90,062
- Profit (loss) carried forward -€77,865
down €77,865 (-83.8%), from €92,931 to €15,066
- Other debts -€38,513
down €38,513 (-100%), from €38,513 to €0
- Current portion of long-term debt +€28,760
up €28,760, from €0 to €28,760
- Trade debts -€15,170
down €15,170 (-48.3%), from €31,377 to €16,207
- Gross operating margin +€194,292
up €194,292 (+96.8%), from €200,800 to €395,092
- Staff costs +€186,070
up €186,070 (+113%), from €164,104 to €350,174
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 | €246,591 | €256,829 | +€10,238 | +4.2% |
| Fixed assets | 21/28 | €31,633 | €154,531 | +€122,898 | +389% |
| Tangible fixed assets | 22/27 | €28,537 | €154,435 | +€125,898 | +441% |
| Land and buildings | 22 | - | €106,931 | +€106,931 | |
| Furniture and vehicles | 24 | €25,570 | €15,447 | -€10,123 | -39.6% |
| Other tangible fixed assets | 26 | €2,967 | €32,057 | +€29,090 | +980% |
| Financial fixed assets | 28 | €3,096 | €96 | -€3,000 | -96.9% |
| Current assets | 29/58 | €214,958 | €102,298 | -€112,660 | -52.4% |
| Amounts receivable within one year | 40/41 | €43,954 | €46,479 | +€2,526 | +5.7% |
| Trade receivables | 40 | €43,396 | €44,463 | +€1,067 | +2.5% |
| Other amounts receivable | 41 | €557 | €2,016 | +€1,459 | +262% |
| Cash at bank and in hand | 54/58 | €169,779 | €28,081 | -€141,698 | -83.5% |
| Deferred charges and accrued income | 490/1 | €1,225 | €27,737 | +€26,512 | +2,164% |
| Total equity and liabilities | 10/49 | €246,591 | €256,829 | +€10,238 | +4.2% |
| Equity | 10/15 | €125,931 | €48,066 | -€77,865 | -61.8% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,931 | €15,066 | -€77,865 | -83.8% |
| Amounts payable | 17/49 | €120,660 | €208,763 | +€88,103 | +73.0% |
| Amounts payable after more than one year | 17 | - | €90,062 | +€90,062 | |
| Financial debts | 170/4 | - | €90,062 | +€90,062 | |
| Amounts payable within one year | 42/48 | €120,660 | €108,201 | -€12,459 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €28,760 | +€28,760 | |
| Trade debts | 44 | €31,377 | €16,207 | -€15,170 | -48.3% |
| Suppliers | 440/4 | €31,377 | €16,207 | -€15,170 | -48.3% |
| Taxes, remuneration and social security | 45 | €50,771 | €63,234 | +€12,463 | +24.5% |
| Taxes | 450/3 | €17,908 | €24,459 | +€6,551 | +36.6% |
| Remuneration and social security | 454/9 | €32,863 | €38,775 | +€5,912 | +18.0% |
| Other amounts payable | 47/48 | €38,513 | €0 | -€38,513 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €10,500 | +€10,500 | |
| Non-recurring operating income | 76A | €2,323 | €0 | -€2,323 | -100% |
| Remuneration, social security and pensions | 62 | €164,104 | €350,174 | +€186,070 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,948 | €22,443 | -€505 | -2.2% |
| Other operating charges | 640/8 | €1,152 | €2,745 | +€1,593 | +138% |
| Non-recurring operating charges | 66A | €730 | €0 | -€730 | -100% |
| Gross operating margin | 9900 | €200,800 | €395,092 | +€194,292 | +96.8% |
| Operating profit (loss) | 9901 | €11,866 | €19,730 | +€7,864 | +66.3% |
| Financial income | 75/76B | €575 | €350 | -€225 | -39.1% |
| Recurring financial income | 75 | €575 | €350 | -€225 | -39.1% |
| Financial charges | 65/66B | €1,513 | €4,365 | +€2,852 | +189% |
| Recurring financial charges | 65 | €1,513 | €4,365 | +€2,852 | +189% |
| Profit (loss) for the period before taxes | 9903 | €10,929 | €15,715 | +€4,786 | +43.8% |
| Income taxes | 67/77 | €8,415 | €9,661 | +€1,245 | +14.8% |
| Profit (loss) for the period | 9904 | €2,514 | €6,054 | +€3,541 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €2,514 | €6,054 | +€3,541 | +141% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.