INNO: 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.
What changed
INNO
NACE 47.120, Other non-specialised retail sale
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€702,324
2023 · €1.3m-€579,799
Equity
€7.3m
2023 · €6.6m+€702,324
Cash
€9.2m
2023 · €5.3m+€3.8m
Balance sheet total
€75.9m
2023 · €75.0m+€825,371
Largest movements
Assets
- Cash +€3.8m
up €3.8m (+72.2%), from €5.3m to €9.2m
mainly Depreciation (+€7.7m) and Stocks and contracts (+€3.5m)
- Stocks and contracts -€3.5m
down €3.5m (-17.1%), from €20.3m to €16.8m
- Receivables within one year +€1.2m
up €1.2m (+17.3%), from €7.0m to €8.2m
of which Trade receivables: +€1.2m
- Tangible fixed assets -€1.2m
down €1.2m (-4.0%), from €29.1m to €28.0m
of which Plant, machinery and equipment: -€955,189
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
No income-statement line moved by more than 1% of the activity.
From the 2023 result to the 2024 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.
Result 2023
€1.3m
Turnover
-€1.4m
Other operating income
+€1.1m
Goods and materials
+€1.1m
Services and other goods
+€455,387
Staff costs
-€1.0m
Depreciation
+€52,600
Write-downs
-€1.2m
Provisions
+€223,211
Other operating charges
-€98,348
Other operating items
+€157,851
Financial income
-€96,569
Financial charges
+€227,355
Taxes
-€149,736
Result 2024
€702,324
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€10.8m
Investment
-€7.0m
Financing
+€119,930
Cash 2023
€5.3m
From operations (derived)
+€10.8m
Net result for the year
+€702,324
Depreciation
+€7.7m
Stocks and contracts
+€3.5m
Receivables within one year
-€1.2m
Deferred charges and accrued income
+€86,556
Provisions
-€320,315
Trade debts
-€390,112
Tax, wage and social debts
+€640,271
Other debts
-€332,133
Accrued charges and deferred income
+€405,407
Investment (derived)
-€7.0m
Investment in fixed assets (net)
-€7.0m
Financing
+€119,930
Debts after one year
+€141,511
Current portion of long-term debt
-€21,581
Cash 2024
€9.2m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,028,012 | €75,853,383 | +€825,371 | +1.1% |
| Fixed assets | 21/28 | €36,271,254 | €35,590,552 | -€680,702 | -1.9% |
| Intangible fixed assets | 21 | €6,997,712 | €6,766,088 | -€231,623 | -3.3% |
| Tangible fixed assets | 22/27 | €29,142,652 | €27,977,718 | -€1.2m | -4.0% |
| Plant, machinery and equipment | 23 | €17,339,386 | €16,384,197 | -€955,189 | -5.5% |
| Furniture and vehicles | 24 | €11,245,259 | €11,043,839 | -€201,419 | -1.8% |
| Leasing and similar rights | 25 | €558,007 | €549,682 | -€8,326 | -1.5% |
| Financial fixed assets | 28 | €130,890 | €846,745 | +€715,855 | +546.9% |
| Other financial fixed assets | 284/8 | €130,890 | €846,745 | +€715,855 | +546.9% |
| Amounts receivable and cash guarantees | 285/8 | €130,890 | €846,745 | +€715,855 | +546.9% |
| Current assets | 29/58 | €38,756,758 | €40,262,831 | +€1.5m | +3.9% |
| Stocks and contracts in progress | 3 | €20,295,249 | €16,830,576 | -€3.5m | -17.1% |
| Stocks | 30/36 | €20,295,249 | €16,830,576 | -€3.5m | -17.1% |
| Goods purchased for resale | 34 | €20,295,249 | €16,830,576 | -€3.5m | -17.1% |
| Amounts receivable within one year | 40/41 | €6,966,139 | €8,174,603 | +€1.2m | +17.3% |
| Trade receivables | 40 | €6,966,139 | €8,145,193 | +€1.2m | +16.9% |
| Other amounts receivable | 41 | - | €29,410 | +€29,410 | |
| Cash at bank and in hand | 54/58 | €5,333,074 | €9,181,913 | +€3.8m | +72.2% |
| Deferred charges and accrued income | 490/1 | €6,162,296 | €6,075,740 | -€86,556 | -1.4% |
| Total equity and liabilities | 10/49 | €75,028,012 | €75,853,383 | +€825,371 | +1.1% |
| Equity | 10/15 | €6,583,601 | €7,285,925 | +€702,324 | +10.7% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,383,601 | €5,085,925 | +€702,324 | +16.0% |
| Provisions and deferred taxes | 16 | €1,932,412 | €1,612,097 | -€320,315 | -16.6% |
| Provisions for liabilities and charges | 160/5 | €1,932,412 | €1,612,097 | -€320,315 | -16.6% |
| Pensions and similar obligations | 160 | €347,289 | €314,574 | -€32,715 | -9.4% |
| Other liabilities and charges | 164/5 | €1,585,124 | €1,297,523 | -€287,600 | -18.1% |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €66,511,998 | €66,955,361 | +€443,363 | +0.7% |
| Amounts payable after more than one year | 17 | €15,065,086 | €15,206,597 | +€141,511 | +0.9% |
| Financial debts | 170/4 | €15,065,086 | €15,206,597 | +€141,511 | +0.9% |
| Leasing and similar obligations | 172 | €244,419 | €195,592 | -€48,828 | -20.0% |
| Credit institutions | 173 | €8,000,000 | €2,000,000 | -€6.0m | -75.0% |
| Other loans | 174 | €6,820,667 | €13,011,005 | +€6.2m | +90.8% |
| Amounts payable within one year | 42/48 | €48,947,653 | €48,844,097 | -€103,556 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €193,234 | €171,653 | -€21,581 | -11.2% |
| Financial debts | 43 | €6,000,000 | €6,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €6,000,000 | €6,000,000 | = | 0.0% |
| Trade debts | 44 | €30,120,784 | €29,730,672 | -€390,112 | -1.3% |
| Suppliers | 440/4 | €30,120,784 | €29,730,672 | -€390,112 | -1.3% |
| Taxes, remuneration and social security | 45 | €8,497,204 | €9,137,474 | +€640,271 | +7.5% |
| Taxes | 450/3 | €601,397 | €1,051,683 | +€450,286 | +74.9% |
| Remuneration and social security | 454/9 | €7,895,806 | €8,085,791 | +€189,985 | +2.4% |
| Other amounts payable | 47/48 | €4,136,431 | €3,804,298 | -€332,133 | -8.0% |
| Accrued charges and deferred income | 492/3 | €2,499,259 | €2,904,667 | +€405,407 | +16.2% |
| Operating income | 70/76A | €300,693,048 | €300,466,966 | -€226,082 | -0.1% |
| Turnover | 70 | €292,275,984 | €290,903,793 | -€1.4m | -0.5% |
| Other operating income | 74 | €8,417,063 | €9,563,172 | +€1.1m | +13.6% |
| Operating charges | 60/66A | €298,617,323 | €298,952,091 | +€334,767 | +0.1% |
| Goods for resale, raw materials and consumables | 60 | €194,587,638 | €193,501,751 | -€1.1m | -0.6% |
| Purchases | 600/8 | €197,534,128 | €190,076,783 | -€7.5m | -3.8% |
| Change in stocks: decrease (increase) | 609 | -€2,946,490 | €3,424,968 | +€6.4m | |
| Services and other goods | 61 | €55,127,965 | €54,672,578 | -€455,387 | -0.8% |
| Remuneration, social security and pensions | 62 | €42,342,246 | €43,387,627 | +€1.0m | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,754,644 | €7,702,044 | -€52,600 | -0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,277,062 | -€111,087 | +€1.2m | +91.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€97,105 | -€320,315 | -€223,211 | -229.9% |
| Other operating charges | 640/8 | €21,145 | €119,493 | +€98,348 | +465.1% |
| Non-recurring operating charges | 66A | €157,851 | - | -€157,851 | |
| Operating profit (loss) | 9901 | €2,075,724 | €1,514,875 | -€560,849 | -27.0% |
| Financial income | 75/76B | €1,419,363 | €1,322,794 | -€96,569 | -6.8% |
| Recurring financial income | 75 | €1,419,363 | €1,322,794 | -€96,569 | -6.8% |
| Other financial income | 752/9 | €1,419,363 | €1,322,794 | -€96,569 | -6.8% |
| Financial charges | 65/66B | €2,153,511 | €1,926,155 | -€227,355 | -10.6% |
| Recurring financial charges | 65 | €2,153,511 | €1,926,155 | -€227,355 | -10.6% |
| Debt charges | 650 | €1,094,562 | €1,042,793 | -€51,770 | -4.7% |
| Other financial charges | 652/9 | €1,058,949 | €883,363 | -€175,586 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €1,341,577 | €911,514 | -€430,063 | -32.1% |
| Income taxes | 67/77 | €59,454 | €209,189 | +€149,736 | +251.9% |
| Taxes | 670/3 | €150,000 | €209,189 | +€59,189 | +39.5% |
| Tax adjustments and reversals of tax provisions | 77 | €90,546 | - | -€90,546 | |
| Profit (loss) for the period | 9904 | €1,282,123 | €702,324 | -€579,799 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,282,123 | €702,324 | -€579,799 | -45.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.