INNOFEA: 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.
INNOFEA
Largest movements
- Cash +€67,442
up €67,442 (+67.8%), from €99,440 to €166,882
mainly Net result for the year (+€76,357) and Depreciation (+€53,406)
- Tangible fixed assets -€48,982
down €48,982 (-4.4%), from €1.1m to €1.1m
of which Land and buildings: -€47,091
- Reserves +€76,357
up €76,357 (+16.2%), from €471,630 to €547,987
- Other debts -€69,483
down €69,483 (-74.4%), from €93,387 to €23,905
- Trade debts +€23,252
up €23,252 (+572%), from €4,067 to €27,319
- Tax, wage and social debts -€17,700
down €17,700 (-53.8%), from €32,896 to €15,196
of which Taxes: -€14,111
- Gross operating margin -€291,378
down €291,378 (-60.6%), from €480,834 to €189,456
- Staff costs -€225,784
down €225,784, from €223,944 to -€1,840
- Depreciation -€14,040
down €14,040 (-20.8%), from €67,446 to €53,406
- Other operating charges -€11,347
down €11,347 (-84.9%), from €13,369 to €2,022
- Financial charges -€8,687
down €8,687 (-28.4%), from €30,637 to €21,950
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 | €1,321,203 | €1,321,397 | +€194 | 0.0% |
| Fixed assets | 21/28 | €1,112,196 | €1,063,214 | -€48,982 | -4.4% |
| Tangible fixed assets | 22/27 | €1,112,136 | €1,063,154 | -€48,982 | -4.4% |
| Land and buildings | 22 | €1,094,729 | €1,047,638 | -€47,091 | -4.3% |
| Plant, machinery and equipment | 23 | €14,713 | €14,683 | -€30 | -0.2% |
| Furniture and vehicles | 24 | €2,694 | €833 | -€1,861 | -69.1% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €209,007 | €258,183 | +€49,176 | +23.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €88,876 | €82,809 | -€6,067 | -6.8% |
| Trade receivables | 40 | €68,737 | €62,988 | -€5,749 | -8.4% |
| Other amounts receivable | 41 | €20,139 | €19,821 | -€318 | -1.6% |
| Cash at bank and in hand | 54/58 | €99,440 | €166,882 | +€67,442 | +67.8% |
| Deferred charges and accrued income | 490/1 | €20,691 | €8,492 | -€12,199 | -59.0% |
| Total equity and liabilities | 10/49 | €1,321,203 | €1,321,397 | +€194 | 0.0% |
| Equity | 10/15 | €501,630 | €577,987 | +€76,357 | +15.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €471,630 | €547,987 | +€76,357 | +16.2% |
| Distributable reserves | 133 | €471,630 | €547,987 | +€76,357 | +16.2% |
| Amounts payable | 17/49 | €819,573 | €743,410 | -€76,163 | -9.3% |
| Amounts payable after more than one year | 17 | €546,272 | €543,223 | -€3,048 | -0.6% |
| Financial debts | 170/4 | €546,272 | €463,223 | -€83,048 | -15.2% |
| Other amounts payable | 178/9 | - | €80,000 | +€80,000 | |
| Amounts payable within one year | 42/48 | €273,301 | €200,186 | -€73,115 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €92,230 | €83,048 | -€9,182 | -10.0% |
| Financial debts | 43 | €50,721 | €50,719 | -€2 | 0.0% |
| Credit institutions | 430/8 | €50,721 | €50,719 | -€2 | 0.0% |
| Trade debts | 44 | €4,067 | €27,319 | +€23,252 | +572% |
| Suppliers | 440/4 | €4,067 | €27,319 | +€23,252 | +572% |
| Taxes, remuneration and social security | 45 | €32,896 | €15,196 | -€17,700 | -53.8% |
| Taxes | 450/3 | €29,306 | €15,196 | -€14,111 | -48.1% |
| Remuneration and social security | 454/9 | €3,589 | €0 | -€3,589 | -100% |
| Other amounts payable | 47/48 | €93,387 | €23,905 | -€69,483 | -74.4% |
| Non-recurring operating income | 76A | €4,800 | €0 | -€4,800 | -100% |
| Remuneration, social security and pensions | 62 | €223,944 | -€1,840 | -€225,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,446 | €53,406 | -€14,040 | -20.8% |
| Other operating charges | 640/8 | €13,369 | €2,022 | -€11,347 | -84.9% |
| Non-recurring operating charges | 66A | €4,292 | €0 | -€4,292 | -100% |
| Gross operating margin | 9900 | €480,834 | €189,456 | -€291,378 | -60.6% |
| Operating profit (loss) | 9901 | €171,783 | €135,868 | -€35,916 | -20.9% |
| Financial income | 75/76B | €0 | €119 | +€119 | |
| Recurring financial income | 75 | €0 | €119 | +€119 | |
| Financial charges | 65/66B | €30,637 | €21,950 | -€8,687 | -28.4% |
| Recurring financial charges | 65 | €30,637 | €21,950 | -€8,687 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €141,146 | €114,037 | -€27,109 | -19.2% |
| Income taxes | 67/77 | €45,105 | €37,679 | -€7,426 | -16.5% |
| Profit (loss) for the period | 9904 | €96,040 | €76,357 | -€19,683 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €96,040 | €76,357 | -€19,683 | -20.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.