INNEVATION: 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.
INNEVATION
Largest movements
- Receivables within one year +€78,362
new in 2025: €78,362
of which Trade receivables: +€72,832
- Cash +€8,568
up €8,568 (+28.7%), from €29,829 to €38,397
mainly Accrued charges and deferred income (+€52,299) and Net result for the year (+€23,937)
- Tangible fixed assets +€2,755
new in 2025: €2,755
- Accrued charges and deferred income +€52,299
new in 2025: €52,299
- Reserves +€23,937
up €23,937 (+207.2%), from €11,551 to €35,489
- Tax, wage and social debts +€15,350
up €15,350 (+154.4%), from €9,940 to €25,290
of which Taxes: +€15,112
- Other debts -€6,487
no longer reported in 2025 (was €6,487)
- Trade debts +€4,586
up €4,586 (+262.0%), from €1,751 to €6,337
- Gross operating margin +€39,516
up €39,516 (+232.4%), from €17,007 to €56,522
- Staff costs +€22,847
new in 2025: €22,847
- Taxes +€4,187
up €4,187 (+76.7%), from €5,455 to €9,642
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 | €29,829 | €119,515 | +€89,686 | +300.7% |
| Fixed assets | 21/28 | - | €2,755 | +€2,755 | |
| Tangible fixed assets | 22/27 | - | €2,755 | +€2,755 | |
| Furniture and vehicles | 24 | - | €2,755 | +€2,755 | |
| Current assets | 29/58 | €29,829 | €116,760 | +€86,931 | +291.4% |
| Amounts receivable within one year | 40/41 | - | €78,362 | +€78,362 | |
| Trade receivables | 40 | - | €72,832 | +€72,832 | |
| Other amounts receivable | 41 | - | €5,530 | +€5,530 | |
| Cash at bank and in hand | 54/58 | €29,829 | €38,397 | +€8,568 | +28.7% |
| Total equity and liabilities | 10/49 | €29,829 | €119,515 | +€89,686 | +300.7% |
| Equity | 10/15 | €11,651 | €35,589 | +€23,937 | +205.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €11,551 | €35,489 | +€23,937 | +207.2% |
| Distributable reserves | 133 | €11,551 | €35,489 | +€23,937 | +207.2% |
| Amounts payable | 17/49 | €18,178 | €83,926 | +€65,748 | +361.7% |
| Amounts payable within one year | 42/48 | €18,178 | €31,627 | +€13,449 | +74.0% |
| Trade debts | 44 | €1,751 | €6,337 | +€4,586 | +262.0% |
| Suppliers | 440/4 | €1,751 | €6,337 | +€4,586 | +262.0% |
| Taxes, remuneration and social security | 45 | €9,940 | €25,290 | +€15,350 | +154.4% |
| Taxes | 450/3 | €9,940 | €25,052 | +€15,112 | +152.0% |
| Remuneration and social security | 454/9 | - | €238 | +€238 | |
| Other amounts payable | 47/48 | €6,487 | - | -€6,487 | |
| Accrued charges and deferred income | 492/3 | - | €52,299 | +€52,299 | |
| Remuneration, social security and pensions | 62 | - | €22,847 | +€22,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €68 | +€68 | |
| Gross operating margin | 9900 | €17,007 | €56,522 | +€39,516 | +232.4% |
| Operating profit (loss) | 9901 | €17,007 | €33,608 | +€16,601 | +97.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €30 | +€30 | |
| Recurring financial charges | 65 | - | €30 | +€30 | |
| Profit (loss) for the period before taxes | 9903 | €17,007 | €33,579 | +€16,573 | +97.4% |
| Income taxes | 67/77 | €5,455 | €9,642 | +€4,187 | +76.7% |
| Profit (loss) for the period | 9904 | €11,551 | €23,937 | +€12,386 | +107.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,551 | €23,937 | +€12,386 | +107.2% |
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 9 October 2026 via checked.be.