"INNO WAVE": 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.
"INNO WAVE"
Largest movements
- Cash +€33,964
up €33,964 (+81.3%), from €41,794 to €75,758
mainly Other debts (+€111,169) and Net result for the year (+€26,344)
- Receivables after one year -€17,500
down €17,500 (-53.2%), from €32,900 to €15,400
- Receivables within one year +€16,016
up €16,016 (+23.8%), from €67,356 to €83,372
- Tangible fixed assets -€3,608
down €3,608 (-2.2%), from €163,795 to €160,188
of which Land and buildings: -€7,518
- Other debts +€111,169
up €111,169 (+18394.8%), from €604 to €111,773
- Profit (loss) carried forward -€85,318
no longer reported in 2025 (was €85,318)
- Trade debts +€13,586
up €13,586 (+59.9%), from €22,681 to €36,267
- Debts after one year -€10,046
down €10,046 (-7.0%), from €142,677 to €132,631
- Gross operating margin +€20,069
up €20,069 (+53.3%), from €37,677 to €57,746
- Taxes +€10,518
up €10,518 (+310.0%), from €3,393 to €13,911
- Financial charges -€745
down €745 (-17.1%), from €4,351 to €3,606
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 | €308,880 | €338,221 | +€29,341 | +9.5% |
| Fixed assets | 21/28 | €164,158 | €160,551 | -€3,608 | -2.2% |
| Tangible fixed assets | 22/27 | €163,795 | €160,188 | -€3,608 | -2.2% |
| Land and buildings | 22 | €148,151 | €140,633 | -€7,518 | -5.1% |
| Plant, machinery and equipment | 23 | €954 | €539 | -€415 | -43.5% |
| Furniture and vehicles | 24 | €6,770 | €12,405 | +€5,635 | +83.2% |
| Other tangible fixed assets | 26 | €7,921 | €6,610 | -€1,311 | -16.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €144,722 | €177,671 | +€32,949 | +22.8% |
| Amounts receivable after more than one year | 29 | €32,900 | €15,400 | -€17,500 | -53.2% |
| Other amounts receivable | 291 | €32,900 | €15,400 | -€17,500 | -53.2% |
| Amounts receivable within one year | 40/41 | €67,356 | €83,372 | +€16,016 | +23.8% |
| Trade receivables | 40 | €67,356 | €83,372 | +€16,016 | +23.8% |
| Cash at bank and in hand | 54/58 | €41,794 | €75,758 | +€33,964 | +81.3% |
| Deferred charges and accrued income | 490/1 | €2,672 | €3,141 | +€469 | +17.6% |
| Total equity and liabilities | 10/49 | €308,880 | €338,221 | +€29,341 | +9.5% |
| Equity | 10/15 | €105,778 | €20,460 | -€85,318 | -80.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,318 | - | -€85,318 | |
| Amounts payable | 17/49 | €203,103 | €317,761 | +€114,659 | +56.5% |
| Amounts payable after more than one year | 17 | €142,677 | €132,631 | -€10,046 | -7.0% |
| Financial debts | 170/4 | €142,677 | €132,631 | -€10,046 | -7.0% |
| Amounts payable within one year | 42/48 | €60,426 | €185,131 | +€124,705 | +206.4% |
| Current portion of amounts payable after more than one year | 42 | €9,830 | €10,046 | +€215 | +2.2% |
| Trade debts | 44 | €22,681 | €36,267 | +€13,586 | +59.9% |
| Suppliers | 440/4 | €22,681 | €36,267 | +€13,586 | +59.9% |
| Advances received on contracts in progress | 46 | €10,890 | €10,890 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,420 | €16,155 | -€266 | -1.6% |
| Taxes | 450/3 | €13,985 | €16,155 | +€2,170 | +15.5% |
| Remuneration and social security | 454/9 | €2,435 | - | -€2,435 | |
| Other amounts payable | 47/48 | €604 | €111,773 | +€111,169 | +18394.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,656 | €13,246 | -€409 | -3.0% |
| Other operating charges | 640/8 | €951 | €1,243 | +€292 | +30.7% |
| Non-recurring operating charges | 66A | €1,232 | - | -€1,232 | |
| Gross operating margin | 9900 | €37,677 | €57,746 | +€20,069 | +53.3% |
| Operating profit (loss) | 9901 | €21,838 | €43,257 | +€21,419 | +98.1% |
| Financial income | 75/76B | €823 | €604 | -€219 | -26.6% |
| Recurring financial income | 75 | €823 | €604 | -€219 | -26.6% |
| Financial charges | 65/66B | €4,351 | €3,606 | -€745 | -17.1% |
| Recurring financial charges | 65 | €4,351 | €3,606 | -€745 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €18,310 | €40,255 | +€21,945 | +119.9% |
| Income taxes | 67/77 | €3,393 | €13,911 | +€10,518 | +310.0% |
| Profit (loss) for the period | 9904 | €14,917 | €26,344 | +€11,427 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,917 | €26,344 | +€11,427 | +76.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.