INNODE: 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.
INNODE
Largest movements
- Financial fixed assets -€1.5m
down €1.5m (-20.1%), from €7.2m to €5.8m
- Receivables after one year -€227,524
no longer reported in 2025 (was €227,524)
- Cash -€137,222
down €137,222 (-43.8%), from €312,996 to €175,774
mainly Net result for the year (-€1.9m) and Debts after one year (-€179,218)
- Profit (loss) carried forward -€1.9m
down €1.9m (-6284.2%), from -€30,581 to -€2.0m
- Current portion of long-term debt +€200,000
new in 2025: €200,000
- Debts after one year -€179,218
down €179,218 (-8.9%), from €2.0m to €1.8m
- Other debts +€115,874
up €115,874 (+447.8%), from €25,876 to €141,750
- Financial charges +€1.7m
up €1.7m (+384.4%), from €433,983 to €2.1m
of which Non-recurring financial charges: +€1.7m
- Gross operating margin +€111,161
up €111,161 (+88.9%), from €124,994 to €236,155
- Taxes +€38,287
up €38,287 (+193.2%), from €19,815 to €58,102
- Financial income -€3,062
down €3,062 (-41.1%), from €7,448 to €4,386
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 | €7,843,947 | €6,035,034 | -€1.8m | -23.1% |
| Fixed assets | 21/28 | €7,249,600 | €5,794,174 | -€1.5m | -20.1% |
| Financial fixed assets | 28 | €7,249,600 | €5,794,174 | -€1.5m | -20.1% |
| Current assets | 29/58 | €594,347 | €240,860 | -€353,487 | -59.5% |
| Amounts receivable after more than one year | 29 | €227,524 | - | -€227,524 | |
| Other amounts receivable | 291 | €227,524 | - | -€227,524 | |
| Amounts receivable within one year | 40/41 | €53,697 | €65,087 | +€11,389 | +21.2% |
| Trade receivables | 40 | €18,016 | €41,739 | +€23,723 | +131.7% |
| Other amounts receivable | 41 | €35,681 | €23,348 | -€12,334 | -34.6% |
| Cash at bank and in hand | 54/58 | €312,996 | €175,774 | -€137,222 | -43.8% |
| Deferred charges and accrued income | 490/1 | €130 | - | -€130 | |
| Total equity and liabilities | 10/49 | €7,843,947 | €6,035,034 | -€1.8m | -23.1% |
| Equity | 10/15 | €5,800,763 | €3,833,986 | -€2.0m | -33.9% |
| Contributions | 10/11 | €3,277,250 | €3,277,250 | = | 0.0% |
| Capital | 10 | €3,277,250 | €3,277,250 | = | 0.0% |
| Issued capital | 100 | €3,277,250 | €3,277,250 | = | 0.0% |
| Revaluation surpluses | 12 | €1,849,939 | €1,849,939 | = | 0.0% |
| Reserves | 13 | €704,155 | €659,155 | -€45,000 | -6.4% |
| Non-distributable reserves | 130/1 | €29,655 | €29,655 | = | 0.0% |
| Legal reserve | 130 | €29,655 | €29,655 | = | 0.0% |
| Distributable reserves | 133 | €674,500 | €629,500 | -€45,000 | -6.7% |
| Profit (loss) carried forward | 14 | -€30,581 | -€1,952,358 | -€1.9m | -6284.2% |
| Amounts payable | 17/49 | €2,043,184 | €2,201,048 | +€157,863 | +7.7% |
| Amounts payable after more than one year | 17 | €2,016,260 | €1,837,042 | -€179,218 | -8.9% |
| Financial debts | 170/4 | €2,016,260 | €1,837,042 | -€179,218 | -8.9% |
| Amounts payable within one year | 42/48 | €26,924 | €364,006 | +€337,081 | +1252.0% |
| Current portion of amounts payable after more than one year | 42 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €1,048 | €1,910 | +€862 | +82.2% |
| Suppliers | 440/4 | €1,048 | €1,910 | +€862 | +82.2% |
| Taxes, remuneration and social security | 45 | - | €20,345 | +€20,345 | |
| Taxes | 450/3 | - | €20,345 | +€20,345 | |
| Other amounts payable | 47/48 | €25,876 | €141,750 | +€115,874 | +447.8% |
| Other operating charges | 640/8 | €1,774 | €2,149 | +€375 | +21.2% |
| Gross operating margin | 9900 | €124,994 | €236,155 | +€111,161 | +88.9% |
| Operating profit (loss) | 9901 | €123,220 | €234,006 | +€110,785 | +89.9% |
| Financial income | 75/76B | €7,448 | €4,386 | -€3,062 | -41.1% |
| Recurring financial income | 75 | €7,448 | €4,386 | -€3,062 | -41.1% |
| Financial charges | 65/66B | €433,983 | €2,102,066 | +€1.7m | +384.4% |
| Recurring financial charges | 65 | €33,983 | €7,929 | -€26,053 | -76.7% |
| Non-recurring financial charges | 66B | €400,000 | €2,094,137 | +€1.7m | +423.5% |
| Profit (loss) for the period before taxes | 9903 | -€303,314 | -€1,863,674 | -€1.6m | -514.4% |
| Income taxes | 67/77 | €19,815 | €58,102 | +€38,287 | +193.2% |
| Profit (loss) for the period | 9904 | -€323,129 | -€1,921,777 | -€1.6m | -494.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€323,129 | -€1,921,777 | -€1.6m | -494.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.