Innervate: what changed
Two fiscal 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.
Innervate
Largest movements
- Receivables within one year +€6,781
up €6,781 (+30.1%), from €22,516 to €29,297
of which Other amounts receivable: +€9,279
- Cash +€4,560
up €4,560 (+50.8%), from €8,970 to €13,530
mainly Net result for the year (+€15,192) and Depreciation (+€3,754)
- Stocks and contracts +€2,500
up €2,500 (+50.0%), from €5,000 to €7,500
- Tangible fixed assets -€2,113
down €2,113 (-15.8%), from €13,406 to €11,294
of which Other tangible fixed assets: -€1,070
- Reserves +€15,192
up €15,192 (+46.5%), from €32,671 to €47,863
- Trade debts -€4,141
down €4,141 (-80.1%), from €5,169 to €1,027
- Tax, wage and social debts +€678
up €678 (+7.5%), from €9,052 to €9,730
of which Taxes: +€2,678
- Gross operating margin +€5,750
up €5,750 (+27.5%), from €20,930 to €26,681
- Taxes +€4,043
up €4,043 (+321.5%), from €1,258 to €5,301
- Financial charges +€1,569
up €1,569 (+536.2%), from €293 to €1,861
- Other operating charges +€1,074
up €1,074 (+363.9%), from €295 to €1,370
- Depreciation +€567
up €567 (+17.8%), from €3,187 to €3,754
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 | €49,892 | €61,621 | +€11,728 | +23.5% |
| Fixed assets | 21/28 | €13,406 | €11,294 | -€2,113 | -15.8% |
| Tangible fixed assets | 22/27 | €13,406 | €11,294 | -€2,113 | -15.8% |
| Plant, machinery and equipment | 23 | €1,672 | €842 | -€829 | -49.6% |
| Furniture and vehicles | 24 | €3,089 | €2,876 | -€213 | -6.9% |
| Other tangible fixed assets | 26 | €8,646 | €7,576 | -€1,070 | -12.4% |
| Current assets | 29/58 | €36,486 | €50,327 | +€13,841 | +37.9% |
| Stocks and contracts in progress | 3 | €5,000 | €7,500 | +€2,500 | +50.0% |
| Stocks | 30/36 | €5,000 | €7,500 | +€2,500 | +50.0% |
| Amounts receivable within one year | 40/41 | €22,516 | €29,297 | +€6,781 | +30.1% |
| Trade receivables | 40 | €12,371 | €9,873 | -€2,498 | -20.2% |
| Other amounts receivable | 41 | €10,144 | €19,424 | +€9,279 | +91.5% |
| Cash at bank and in hand | 54/58 | €8,970 | €13,530 | +€4,560 | +50.8% |
| Total equity and liabilities | 10/49 | €49,892 | €61,621 | +€11,728 | +23.5% |
| Equity | 10/15 | €35,671 | €50,863 | +€15,192 | +42.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,671 | €47,863 | +€15,192 | +46.5% |
| Distributable reserves | 133 | €32,671 | €47,863 | +€15,192 | +46.5% |
| Amounts payable | 17/49 | €14,221 | €10,758 | -€3,463 | -24.4% |
| Amounts payable within one year | 42/48 | €14,221 | €10,758 | -€3,463 | -24.4% |
| Trade debts | 44 | €5,169 | €1,027 | -€4,141 | -80.1% |
| Suppliers | 440/4 | €5,169 | €1,027 | -€4,141 | -80.1% |
| Taxes, remuneration and social security | 45 | €9,052 | €9,730 | +€678 | +7.5% |
| Taxes | 450/3 | €7,052 | €9,730 | +€2,678 | +38.0% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,187 | €3,754 | +€567 | +17.8% |
| Other operating charges | 640/8 | €295 | €1,370 | +€1,074 | +363.9% |
| Gross operating margin | 9900 | €20,930 | €26,681 | +€5,750 | +27.5% |
| Operating profit (loss) | 9901 | €17,448 | €21,557 | +€4,109 | +23.5% |
| Financial income | 75/76B | €316 | €798 | +€481 | +152.1% |
| Recurring financial income | 75 | €316 | €798 | +€481 | +152.1% |
| Financial charges | 65/66B | €293 | €1,861 | +€1,569 | +536.2% |
| Recurring financial charges | 65 | €293 | €1,861 | +€1,569 | +536.2% |
| Profit (loss) for the period before taxes | 9903 | €17,472 | €20,493 | +€3,021 | +17.3% |
| Income taxes | 67/77 | €1,258 | €5,301 | +€4,043 | +321.5% |
| Profit (loss) for the period | 9904 | €16,214 | €15,192 | -€1,022 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,214 | €15,192 | -€1,022 | -6.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.