INNOPROJECTS: 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.
INNOPROJECTS
Largest movements
- Receivables within one year +€329,710
up €329,710 (+243.2%), from €135,596 to €465,306
of which Trade receivables: +€224,109
- Cash -€234,725
down €234,725 (-89.0%), from €263,623 to €28,897
mainly Receivables within one year (-€329,710) and Other debts (-€79,535)
- Stocks and contracts +€42,200
new in 2025: €42,200
- Tangible fixed assets -€35,769
down €35,769 (-5.7%), from €624,113 to €588,344
of which Land and buildings: -€25,074
- Trade debts +€227,380
up €227,380 (+1717.1%), from €13,242 to €240,622
- Other debts -€79,535
down €79,535 (-27.4%), from €290,350 to €210,815
- Debts after one year -€47,018
down €47,018 (-10.8%), from €435,418 to €388,400
- Gross operating margin -€44,254
down €44,254 (-33.9%), from €130,704 to €86,450
- Financial charges +€17,579
up €17,579 (+83.2%), from €21,129 to €38,708
- Depreciation +€8,872
up €8,872 (+33.0%), from €26,897 to €35,769
- Staff costs +€2,662
new in 2025: €2,662
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 | €1,275,909 | €1,376,923 | +€101,014 | +7.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €874,913 | €839,144 | -€35,769 | -4.1% |
| Tangible fixed assets | 22/27 | €624,113 | €588,344 | -€35,769 | -5.7% |
| Land and buildings | 22 | €602,441 | €577,367 | -€25,074 | -4.2% |
| Plant, machinery and equipment | 23 | €3,269 | €1,309 | -€1,960 | -60.0% |
| Furniture and vehicles | 24 | €6,117 | €1,383 | -€4,735 | -77.4% |
| Leasing and similar rights | 25 | €12,285 | €8,285 | -€4,000 | -32.6% |
| Financial fixed assets | 28 | €250,800 | €250,800 | = | 0.0% |
| Current assets | 29/58 | €400,996 | €537,779 | +€136,783 | +34.1% |
| Stocks and contracts in progress | 3 | - | €42,200 | +€42,200 | |
| Contracts in progress | 37 | - | €42,200 | +€42,200 | |
| Amounts receivable within one year | 40/41 | €135,596 | €465,306 | +€329,710 | +243.2% |
| Trade receivables | 40 | €37,146 | €261,256 | +€224,109 | +603.3% |
| Other amounts receivable | 41 | €98,450 | €204,050 | +€105,600 | +107.3% |
| Cash at bank and in hand | 54/58 | €263,623 | €28,897 | -€234,725 | -89.0% |
| Deferred charges and accrued income | 490/1 | €1,778 | €1,376 | -€402 | -22.6% |
| Total equity and liabilities | 10/49 | €1,275,909 | €1,376,923 | +€101,014 | +7.9% |
| Equity | 10/15 | €454,631 | €462,272 | +€7,640 | +1.7% |
| Contributions | 10/11 | €264,998 | €264,998 | = | 0.0% |
| Reserves | 13 | €189,316 | €196,916 | +€7,600 | +4.0% |
| Distributable reserves | 133 | €189,316 | €196,916 | +€7,600 | +4.0% |
| Profit (loss) carried forward | 14 | €317 | €358 | +€40 | +12.7% |
| Amounts payable | 17/49 | €821,278 | €914,651 | +€93,374 | +11.4% |
| Amounts payable after more than one year | 17 | €435,418 | €388,400 | -€47,018 | -10.8% |
| Financial debts | 170/4 | €435,418 | €388,400 | -€47,018 | -10.8% |
| Amounts payable within one year | 42/48 | €383,673 | €525,101 | +€141,429 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €73,432 | €59,918 | -€13,514 | -18.4% |
| Financial debts | 43 | - | €117 | +€117 | |
| Credit institutions | 430/8 | - | €117 | +€117 | |
| Trade debts | 44 | €13,242 | €240,622 | +€227,380 | +1717.1% |
| Suppliers | 440/4 | €13,242 | €240,622 | +€227,380 | +1717.1% |
| Taxes, remuneration and social security | 45 | €6,648 | €13,629 | +€6,981 | +105.0% |
| Taxes | 450/3 | €6,648 | €13,629 | +€6,981 | +105.0% |
| Other amounts payable | 47/48 | €290,350 | €210,815 | -€79,535 | -27.4% |
| Accrued charges and deferred income | 492/3 | €2,188 | €1,150 | -€1,038 | -47.4% |
| Non-recurring operating income | 76A | €8,359 | €289 | -€8,070 | -96.5% |
| Remuneration, social security and pensions | 62 | - | €2,662 | +€2,662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,897 | €35,769 | +€8,872 | +33.0% |
| Other operating charges | 640/8 | €1,881 | €1,671 | -€210 | -11.2% |
| Gross operating margin | 9900 | €130,704 | €86,450 | -€44,254 | -33.9% |
| Operating profit (loss) | 9901 | €101,926 | €46,348 | -€55,578 | -54.5% |
| Financial income | 75/76B | €5 | €0 | -€5 | -97.7% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -97.7% |
| Financial charges | 65/66B | €21,129 | €38,708 | +€17,579 | +83.2% |
| Recurring financial charges | 65 | €21,129 | €38,708 | +€17,579 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | €80,802 | €7,640 | -€73,162 | -90.5% |
| Profit (loss) for the period | 9904 | €80,802 | €7,640 | -€73,162 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,802 | €7,640 | -€73,162 | -90.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.