INNOCREATE: 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.
INNOCREATE
Largest movements
- Receivables within one year +€30,479
up €30,479 (+364.1%), from €8,370 to €38,848
of which Trade receivables: +€34,326
- Cash -€25,029
down €25,029 (-54.4%), from €45,968 to €20,939
mainly Receivables within one year (-€30,479) and Trade debts (-€17,831)
- Financial fixed assets -€24,000
down €24,000 (-88.9%), from €27,000 to €3,000
- Tangible fixed assets -€3,967
down €3,967 (-28.3%), from €14,042 to €10,075
of which Furniture and vehicles: -€3,967
- Trade debts -€17,831
down €17,831 (-60.7%), from €29,364 to €11,534
- Tax, wage and social debts -€12,812
down €12,812 (-54.4%), from €23,553 to €10,740
of which Taxes: -€9,412
- Other debts +€7,388
new in 2024: €7,388
- Gross operating margin -€41,251
down €41,251 (-84.2%), from €49,013 to €7,762
- Taxes -€8,274
down €8,274 (-92.8%), from €8,912 to €638
- Other operating charges -€1,062
down €1,062 (-39.3%), from €2,700 to €1,638
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,532 | €77,863 | -€22,669 | -22.5% |
| Fixed assets | 21/28 | €41,042 | €13,075 | -€27,967 | -68.1% |
| Tangible fixed assets | 22/27 | €14,042 | €10,075 | -€3,967 | -28.3% |
| Furniture and vehicles | 24 | €12,792 | €8,825 | -€3,967 | -31.0% |
| Other tangible fixed assets | 26 | €1,250 | €1,250 | = | 0.0% |
| Financial fixed assets | 28 | €27,000 | €3,000 | -€24,000 | -88.9% |
| Current assets | 29/58 | €59,490 | €64,788 | +€5,298 | +8.9% |
| Stocks and contracts in progress | 3 | €5,152 | €4,790 | -€362 | -7.0% |
| Stocks | 30/36 | €5,152 | €4,790 | -€362 | -7.0% |
| Amounts receivable within one year | 40/41 | €8,370 | €38,848 | +€30,479 | +364.1% |
| Trade receivables | 40 | - | €34,326 | +€34,326 | |
| Other amounts receivable | 41 | €8,370 | €4,522 | -€3,847 | -46.0% |
| Cash at bank and in hand | 54/58 | €45,968 | €20,939 | -€25,029 | -54.4% |
| Deferred charges and accrued income | 490/1 | - | €210 | +€210 | |
| Total equity and liabilities | 10/49 | €100,532 | €77,863 | -€22,669 | -22.5% |
| Equity | 10/15 | €47,615 | €48,201 | +€586 | +1.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,615 | €45,201 | +€586 | +1.3% |
| Distributable reserves | 133 | €44,615 | €45,201 | +€586 | +1.3% |
| Amounts payable | 17/49 | €52,917 | €29,662 | -€23,255 | -43.9% |
| Amounts payable within one year | 42/48 | €52,917 | €29,662 | -€23,255 | -43.9% |
| Trade debts | 44 | €29,364 | €11,534 | -€17,831 | -60.7% |
| Suppliers | 440/4 | €29,364 | €11,534 | -€17,831 | -60.7% |
| Taxes, remuneration and social security | 45 | €23,553 | €10,740 | -€12,812 | -54.4% |
| Taxes | 450/3 | €20,153 | €10,740 | -€9,412 | -46.7% |
| Remuneration and social security | 454/9 | €3,400 | - | -€3,400 | |
| Other amounts payable | 47/48 | - | €7,388 | +€7,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,967 | €3,967 | = | 0.0% |
| Other operating charges | 640/8 | €2,700 | €1,638 | -€1,062 | -39.3% |
| Gross operating margin | 9900 | €49,013 | €7,762 | -€41,251 | -84.2% |
| Operating profit (loss) | 9901 | €42,346 | €2,157 | -€40,189 | -94.9% |
| Financial charges | 65/66B | €760 | €933 | +€173 | +22.8% |
| Recurring financial charges | 65 | €760 | €933 | +€173 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €41,587 | €1,224 | -€40,362 | -97.1% |
| Income taxes | 67/77 | €8,912 | €638 | -€8,274 | -92.8% |
| Profit (loss) for the period | 9904 | €32,674 | €586 | -€32,088 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,674 | €586 | -€32,088 | -98.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.