Innofin: 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.
Innofin
Largest movements
- Financial fixed assets -€1.4m
down €1.4m (-100.0%), from €1.4m to €0
- Current investments +€606,082
new in 2025: €606,082
- Receivables after one year -€259,290
down €259,290 (-100.0%), from €259,290 to €0
- Cash +€180,637
up €180,637 (+535.3%), from €33,745 to €214,382
mainly Investment in fixed assets (net) (+€1.4m) and Net result for the year (+€404,285)
- Receivables within one year -€174,288
down €174,288 (-100.0%), from €174,288 to €0
- Contributions -€586,000
down €586,000 (-99.8%), from €586,916 to €916
- Reserves -€527,943
down €527,943 (-41.8%), from €1.3m to €733,996
- Tax, wage and social debts +€33,694
up €33,694 (+109.2%), from €30,855 to €64,548
- Debts after one year -€20,541
down €20,541 (-21.0%), from €97,675 to €77,134
- Financial income +€365,243
up €365,243 (+2591.9%), from €14,092 to €379,335
of which Non-recurring financial income: +€360,000
- Taxes +€35,662
up €35,662 (+116.3%), from €30,666 to €66,328
- Gross operating margin +€24,309
up €24,309 (+24.4%), from €99,459 to €123,767
- Depreciation +€9,299
up €9,299 (+56.6%), from €16,417 to €25,716
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 | €2,019,468 | €906,926 | -€1.1m | -55.1% |
| Fixed assets | 21/28 | €1,551,105 | €85,389 | -€1.5m | -94.5% |
| Tangible fixed assets | 22/27 | €111,105 | €85,389 | -€25,716 | -23.1% |
| Plant, machinery and equipment | 23 | €2,859 | €1,680 | -€1,179 | -41.2% |
| Furniture and vehicles | 24 | €108,246 | €83,709 | -€24,537 | -22.7% |
| Financial fixed assets | 28 | €1,440,000 | €0 | -€1.4m | -100.0% |
| Current assets | 29/58 | €468,363 | €821,538 | +€353,175 | +75.4% |
| Amounts receivable after more than one year | 29 | €259,290 | €0 | -€259,290 | -100.0% |
| Other amounts receivable | 291 | €259,290 | €0 | -€259,290 | -100.0% |
| Amounts receivable within one year | 40/41 | €174,288 | €0 | -€174,288 | -100.0% |
| Other amounts receivable | 41 | €174,288 | €0 | -€174,288 | -100.0% |
| Current investments | 50/53 | - | €606,082 | +€606,082 | |
| Cash at bank and in hand | 54/58 | €33,745 | €214,382 | +€180,637 | +535.3% |
| Deferred charges and accrued income | 490/1 | €1,041 | €1,074 | +€33 | +3.2% |
| Total equity and liabilities | 10/49 | €2,019,468 | €906,926 | -€1.1m | -55.1% |
| Equity | 10/15 | €1,848,856 | €734,913 | -€1.1m | -60.3% |
| Contributions | 10/11 | €586,916 | €916 | -€586,000 | -99.8% |
| Reserves | 13 | €1,261,939 | €733,996 | -€527,943 | -41.8% |
| Distributable reserves | 133 | €1,261,939 | €733,996 | -€527,943 | -41.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,612 | €172,013 | +€1,402 | +0.8% |
| Amounts payable after more than one year | 17 | €97,675 | €77,134 | -€20,541 | -21.0% |
| Financial debts | 170/4 | €97,675 | €77,134 | -€20,541 | -21.0% |
| Amounts payable within one year | 42/48 | €72,936 | €94,879 | +€21,943 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €35,978 | €20,541 | -€15,436 | -42.9% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €6,104 | €4,254 | -€1,850 | -30.3% |
| Suppliers | 440/4 | €6,104 | €4,254 | -€1,850 | -30.3% |
| Taxes, remuneration and social security | 45 | €30,855 | €64,548 | +€33,694 | +109.2% |
| Taxes | 450/3 | €30,855 | €64,548 | +€33,694 | +109.2% |
| Other amounts payable | 47/48 | - | €5,536 | +€5,536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,417 | €25,716 | +€9,299 | +56.6% |
| Other operating charges | 640/8 | €1,533 | €1,630 | +€97 | +6.3% |
| Gross operating margin | 9900 | €99,459 | €123,767 | +€24,309 | +24.4% |
| Operating profit (loss) | 9901 | €81,509 | €96,421 | +€14,913 | +18.3% |
| Financial income | 75/76B | €14,092 | €379,335 | +€365,243 | +2591.9% |
| Recurring financial income | 75 | €14,092 | €19,335 | +€5,243 | +37.2% |
| Non-recurring financial income | 76B | - | €360,000 | +€360,000 | |
| Financial charges | 65/66B | €4,698 | €5,143 | +€445 | +9.5% |
| Recurring financial charges | 65 | €4,698 | €5,143 | +€445 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €90,902 | €470,614 | +€379,711 | +417.7% |
| Income taxes | 67/77 | €30,666 | €66,328 | +€35,662 | +116.3% |
| Profit (loss) for the period | 9904 | €60,236 | €404,285 | +€344,050 | +571.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,236 | €404,285 | +€344,050 | +571.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.