INNOFOCUS: 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.
INNOFOCUS
Largest movements
- Cash -€128,688
down €128,688 (-49.5%), from €260,140 to €131,453
mainly Investment in fixed assets (net) (-€206,214) and Debts after one year (-€90,871)
- Tangible fixed assets +€36,785
up €36,785 (+4.7%), from €787,716 to €824,501
of which Furniture and vehicles: +€129,316
- Current investments -€19,828
down €19,828 (-13.7%), from €145,170 to €125,342
- Debts after one year -€90,871
down €90,871 (-13.7%), from €661,214 to €570,344
of which Financial debts: -€68,871
- Trade debts -€21,026
down €21,026 (-43.3%), from €48,603 to €27,576
- Gross operating margin -€103,206
down €103,206 (-34.0%), from €303,247 to €200,041
- Taxes -€68,192
down €68,192, from €63,241 to -€4,951
- Other operating charges -€35,381
down €35,381 (-70.6%), from €50,103 to €14,722
- Depreciation +€17,910
up €17,910 (+11.8%), from €151,519 to €169,429
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 | €1,488,258 | €1,385,173 | -€103,084 | -6.9% |
| Fixed assets | 21/28 | €825,542 | €862,327 | +€36,785 | +4.5% |
| Tangible fixed assets | 22/27 | €787,716 | €824,501 | +€36,785 | +4.7% |
| Land and buildings | 22 | €761,305 | €668,774 | -€92,531 | -12.2% |
| Furniture and vehicles | 24 | €26,411 | €155,727 | +€129,316 | +489.6% |
| Financial fixed assets | 28 | €37,826 | €37,826 | = | 0.0% |
| Current assets | 29/58 | €662,716 | €522,846 | -€139,869 | -21.1% |
| Amounts receivable within one year | 40/41 | €227,110 | €235,756 | +€8,647 | +3.8% |
| Trade receivables | 40 | €145,752 | €194,682 | +€48,930 | +33.6% |
| Other amounts receivable | 41 | €81,357 | €41,074 | -€40,283 | -49.5% |
| Current investments | 50/53 | €145,170 | €125,342 | -€19,828 | -13.7% |
| Cash at bank and in hand | 54/58 | €260,140 | €131,453 | -€128,688 | -49.5% |
| Deferred charges and accrued income | 490/1 | €30,296 | €30,296 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,488,258 | €1,385,173 | -€103,084 | -6.9% |
| Equity | 10/15 | €751,635 | €761,645 | +€10,011 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €733,035 | €743,045 | +€10,011 | +1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €731,175 | €741,185 | +€10,011 | +1.4% |
| Amounts payable | 17/49 | €736,623 | €623,528 | -€113,095 | -15.4% |
| Amounts payable after more than one year | 17 | €661,214 | €570,344 | -€90,871 | -13.7% |
| Financial debts | 170/4 | €455,881 | €387,011 | -€68,871 | -15.1% |
| Trade debts | 175 | €205,333 | €183,333 | -€22,000 | -10.7% |
| Amounts payable within one year | 42/48 | €72,359 | €50,134 | -€22,224 | -30.7% |
| Trade debts | 44 | €48,603 | €27,576 | -€21,026 | -43.3% |
| Suppliers | 440/4 | €48,603 | €27,576 | -€21,026 | -43.3% |
| Taxes, remuneration and social security | 45 | €17,205 | €22,558 | +€5,353 | +31.1% |
| Taxes | 450/3 | €6,197 | €6,100 | -€97 | -1.6% |
| Remuneration and social security | 454/9 | €11,008 | €16,458 | +€5,450 | +49.5% |
| Other amounts payable | 47/48 | €6,551 | - | -€6,551 | |
| Accrued charges and deferred income | 492/3 | €3,050 | €3,050 | = | 0.0% |
| Non-recurring operating income | 76A | €52,950 | €3,989 | -€48,961 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,519 | €169,429 | +€17,910 | +11.8% |
| Other operating charges | 640/8 | €50,103 | €14,722 | -€35,381 | -70.6% |
| Gross operating margin | 9900 | €303,247 | €200,041 | -€103,206 | -34.0% |
| Operating profit (loss) | 9901 | €101,625 | €15,889 | -€85,735 | -84.4% |
| Financial income | 75/76B | €163 | €2,415 | +€2,253 | +1385.7% |
| Recurring financial income | 75 | €163 | €2,415 | +€2,253 | +1385.7% |
| Financial charges | 65/66B | €13,074 | €13,244 | +€170 | +1.3% |
| Recurring financial charges | 65 | €13,074 | €13,244 | +€170 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €88,713 | €5,060 | -€83,653 | -94.3% |
| Income taxes | 67/77 | €63,241 | -€4,951 | -€68,192 | |
| Profit (loss) for the period | 9904 | €25,472 | €10,011 | -€15,461 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,472 | €10,011 | -€15,461 | -60.7% |
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 6 October 2026 via checked.be.