INNOFACT: 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.
INNOFACT
Largest movements
- Receivables within one year +€36,933
up €36,933 (+244%), from €15,125 to €52,058
of which Other amounts receivable: +€19,991
- Cash -€11,374
down €11,374 (-72.1%), from €15,781 to €4,407
mainly Debts after one year (-€43,695) and Receivables within one year (-€36,933)
- Reserves +€71,781
up €71,781 (+138%), from €52,142 to €123,922
- Debts after one year -€43,695
down €43,695 (-12.2%), from €357,891 to €314,196
- Financial charges -€8,120
down €8,120 (-40.0%), from €20,298 to €12,178
- Other operating charges -€4,179
down €4,179 (-91.5%), from €4,567 to €387
- Financial income +€3,958
up €3,958 (+7.1%), from €56,094 to €60,052
- Taxes -€2,597
down €2,597 (-47.0%), from €5,530 to €2,932
- Depreciation -€1,519
no longer reported in 2025 (was €1,519)
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.
Derived cash bridge
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 | €500,906 | €529,080 | +€28,174 | +5.6% |
| Fixed assets | 21/28 | €470,000 | €472,299 | +€2,299 | +0.5% |
| Tangible fixed assets | 22/27 | €30,000 | €30,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €30,000 | €30,000 | = | 0.0% |
| Financial fixed assets | 28 | €440,000 | €442,299 | +€2,299 | +0.5% |
| Current assets | 29/58 | €30,906 | €56,781 | +€25,875 | +83.7% |
| Amounts receivable within one year | 40/41 | €15,125 | €52,058 | +€36,933 | +244% |
| Trade receivables | 40 | €15,125 | €32,068 | +€16,943 | +112% |
| Other amounts receivable | 41 | - | €19,991 | +€19,991 | |
| Cash at bank and in hand | 54/58 | €15,781 | €4,407 | -€11,374 | -72.1% |
| Deferred charges and accrued income | 490/1 | - | €315 | +€315 | |
| Total equity and liabilities | 10/49 | €500,906 | €529,080 | +€28,174 | +5.6% |
| Equity | 10/15 | €82,142 | €153,922 | +€71,781 | +87.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €52,142 | €123,922 | +€71,781 | +138% |
| Distributable reserves | 133 | €52,142 | €123,922 | +€71,781 | +138% |
| Amounts payable | 17/49 | €418,764 | €375,157 | -€43,607 | -10.4% |
| Amounts payable after more than one year | 17 | €357,891 | €314,196 | -€43,695 | -12.2% |
| Financial debts | 170/4 | €357,891 | €314,196 | -€43,695 | -12.2% |
| Amounts payable within one year | 42/48 | €60,873 | €60,961 | +€88 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €41,910 | €43,695 | +€1,785 | +4.3% |
| Trade debts | 44 | €11,923 | €12,827 | +€904 | +7.6% |
| Suppliers | 440/4 | €11,923 | €12,827 | +€904 | +7.6% |
| Taxes, remuneration and social security | 45 | €6,979 | €4,439 | -€2,540 | -36.4% |
| Taxes | 450/3 | €6,979 | €4,439 | -€2,540 | -36.4% |
| Other amounts payable | 47/48 | €61 | - | -€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,519 | - | -€1,519 | |
| Other operating charges | 640/8 | €4,567 | €387 | -€4,179 | -91.5% |
| Gross operating margin | 9900 | €27,962 | €27,226 | -€735 | -2.6% |
| Operating profit (loss) | 9901 | €21,876 | €26,839 | +€4,963 | +22.7% |
| Financial income | 75/76B | €56,094 | €60,052 | +€3,958 | +7.1% |
| Recurring financial income | 75 | €56,094 | €60,052 | +€3,958 | +7.1% |
| Financial charges | 65/66B | €20,298 | €12,178 | -€8,120 | -40.0% |
| Recurring financial charges | 65 | €20,298 | €12,178 | -€8,120 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €57,671 | €74,713 | +€17,042 | +29.5% |
| Income taxes | 67/77 | €5,530 | €2,932 | -€2,597 | -47.0% |
| Profit (loss) for the period | 9904 | €52,142 | €71,781 | +€19,639 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,142 | €71,781 | +€19,639 | +37.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.