InnoQuest: 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.
InnoQuest
Largest movements
- Receivables within one year +€12,149
up €12,149 (+94.2%), from €12,898 to €25,047
of which Trade receivables: +€12,962
- Cash +€2,740
up €2,740 (+37.5%), from €7,315 to €10,056
mainly Net result for the year (+€14,307) and Other debts (+€2,103)
- Tangible fixed assets -€716
down €716 (-42.7%), from €1,678 to €962
- Deferred charges and accrued income +€437
up €437 (+24.1%), from €1,814 to €2,252
- Reserves +€14,307
up €14,307 (+116%), from €12,302 to €26,609
- Trade debts -€2,144
down €2,144 (-53.2%), from €4,030 to €1,886
- Other debts +€2,103
up €2,103 (+357%), from €589 to €2,692
- Taxes -€1,400
down €1,400 (-20.6%), from €6,785 to €5,385
- Other operating charges -€490
down €490 (-40.2%), from €1,218 to €728
- Depreciation -€274
down €274 (-27.6%), from €990 to €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.
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 | €23,706 | €38,316 | +€14,610 | +61.6% |
| Fixed assets | 21/28 | €1,678 | €962 | -€716 | -42.7% |
| Tangible fixed assets | 22/27 | €1,678 | €962 | -€716 | -42.7% |
| Furniture and vehicles | 24 | €1,678 | €962 | -€716 | -42.7% |
| Current assets | 29/58 | €22,028 | €37,354 | +€15,327 | +69.6% |
| Amounts receivable within one year | 40/41 | €12,898 | €25,047 | +€12,149 | +94.2% |
| Trade receivables | 40 | €12,085 | €25,047 | +€12,962 | +107% |
| Other amounts receivable | 41 | €813 | €0 | -€813 | -100% |
| Cash at bank and in hand | 54/58 | €7,315 | €10,056 | +€2,740 | +37.5% |
| Deferred charges and accrued income | 490/1 | €1,814 | €2,252 | +€437 | +24.1% |
| Total equity and liabilities | 10/49 | €23,706 | €38,316 | +€14,610 | +61.6% |
| Equity | 10/15 | €12,302 | €26,609 | +€14,307 | +116% |
| Reserves | 13 | €12,302 | €26,609 | +€14,307 | +116% |
| Distributable reserves | 133 | €12,302 | €26,609 | +€14,307 | +116% |
| Amounts payable | 17/49 | €11,404 | €11,708 | +€304 | +2.7% |
| Amounts payable within one year | 42/48 | €11,404 | €11,708 | +€304 | +2.7% |
| Trade debts | 44 | €4,030 | €1,886 | -€2,144 | -53.2% |
| Suppliers | 440/4 | €4,030 | €1,886 | -€2,144 | -53.2% |
| Taxes, remuneration and social security | 45 | €6,785 | €7,130 | +€345 | +5.1% |
| Taxes | 450/3 | €6,785 | €7,130 | +€345 | +5.1% |
| Other amounts payable | 47/48 | €589 | €2,692 | +€2,103 | +357% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €716 | -€274 | -27.6% |
| Other operating charges | 640/8 | €1,218 | €728 | -€490 | -40.2% |
| Gross operating margin | 9900 | €21,468 | €21,322 | -€146 | -0.7% |
| Operating profit (loss) | 9901 | €19,260 | €19,878 | +€618 | +3.2% |
| Financial income | 75/76B | €51 | €1 | -€50 | -98.6% |
| Recurring financial income | 75 | €51 | €1 | -€50 | -98.6% |
| Financial charges | 65/66B | €224 | €187 | -€38 | -16.8% |
| Recurring financial charges | 65 | €224 | €187 | -€38 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €19,087 | €19,692 | +€605 | +3.2% |
| Income taxes | 67/77 | €6,785 | €5,385 | -€1,400 | -20.6% |
| Profit (loss) for the period | 9904 | €12,302 | €14,307 | +€2,005 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,302 | €14,307 | +€2,005 | +16.3% |
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 31 October 2026 via checked.be.