INNORESTO: 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.
INNORESTO
Largest movements
- Tangible fixed assets -€150,521
down €150,521 (-24.4%), from €616,744 to €466,223
of which Plant, machinery and equipment: -€118,859
- Cash +€43,048
up €43,048 (+92.2%), from €46,677 to €89,724
mainly Depreciation (+€97,198) and Investment in fixed assets (net) (+€53,223)
- Receivables within one year +€32,903
up €32,903 (+5.0%), from €655,446 to €688,349
of which Trade receivables: +€46,647
- Stocks and contracts +€30,034
up €30,034 (+13.1%), from €230,073 to €260,107
- Debts after one year -€57,072
down €57,072 (-23.2%), from €246,527 to €189,455
- Trade debts -€22,654
down €22,654 (-3.5%), from €649,661 to €627,007
- Tax, wage and social debts +€18,702
up €18,702 (+10.1%), from €185,599 to €204,302
of which Taxes: +€16,793
- Gross operating margin -€67,148
down €67,148 (-4.1%), from €1.7m to €1.6m
- Staff costs +€35,980
up €35,980 (+2.6%), from €1.4m to €1.4m
- Taxes -€33,970
down €33,970 (-60.4%), from €56,272 to €22,302
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 | €1,557,577 | €1,513,140 | -€44,436 | -2.9% |
| Fixed assets | 21/28 | €625,380 | €474,959 | -€150,421 | -24.1% |
| Tangible fixed assets | 22/27 | €616,744 | €466,223 | -€150,521 | -24.4% |
| Plant, machinery and equipment | 23 | €515,774 | €396,915 | -€118,859 | -23.0% |
| Furniture and vehicles | 24 | €100,970 | €69,308 | -€31,662 | -31.4% |
| Financial fixed assets | 28 | €8,636 | €8,736 | +€100 | +1.2% |
| Current assets | 29/58 | €932,196 | €1,038,181 | +€105,985 | +11.4% |
| Stocks and contracts in progress | 3 | €230,073 | €260,107 | +€30,034 | +13.1% |
| Stocks | 30/36 | €230,073 | €260,107 | +€30,034 | +13.1% |
| Amounts receivable within one year | 40/41 | €655,446 | €688,349 | +€32,903 | +5.0% |
| Trade receivables | 40 | €629,843 | €676,490 | +€46,647 | +7.4% |
| Other amounts receivable | 41 | €25,603 | €11,859 | -€13,744 | -53.7% |
| Cash at bank and in hand | 54/58 | €46,677 | €89,724 | +€43,048 | +92.2% |
| Total equity and liabilities | 10/49 | €1,557,577 | €1,513,140 | -€44,436 | -2.9% |
| Equity | 10/15 | €420,790 | €435,306 | +€14,515 | +3.4% |
| Contributions | 10/11 | €173,600 | €173,600 | = | 0.0% |
| Capital | 10 | €173,600 | €173,600 | = | 0.0% |
| Issued capital | 100 | €173,600 | €173,600 | = | 0.0% |
| Reserves | 13 | €243,796 | €258,796 | +€15,000 | +6.2% |
| Non-distributable reserves | 130/1 | €17,360 | €17,360 | = | 0.0% |
| Legal reserve | 130 | €17,360 | €17,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €91,436 | €91,436 | = | 0.0% |
| Distributable reserves | 133 | €135,000 | €150,000 | +€15,000 | +11.1% |
| Profit (loss) carried forward | 14 | €3,394 | €2,910 | -€485 | -14.3% |
| Amounts payable | 17/49 | €1,136,787 | €1,077,835 | -€58,952 | -5.2% |
| Amounts payable after more than one year | 17 | €246,527 | €189,455 | -€57,072 | -23.2% |
| Financial debts | 170/4 | €246,527 | €189,455 | -€57,072 | -23.2% |
| Amounts payable within one year | 42/48 | €890,260 | €888,380 | -€1,880 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €55,000 | €57,072 | +€2,072 | +3.8% |
| Trade debts | 44 | €649,661 | €627,007 | -€22,654 | -3.5% |
| Suppliers | 440/4 | €649,661 | €627,007 | -€22,654 | -3.5% |
| Taxes, remuneration and social security | 45 | €185,599 | €204,302 | +€18,702 | +10.1% |
| Taxes | 450/3 | €13,245 | €30,038 | +€16,793 | +127% |
| Remuneration and social security | 454/9 | €172,355 | €174,264 | +€1,909 | +1.1% |
| Remuneration, social security and pensions | 62 | €1,358,821 | €1,394,801 | +€35,980 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,333 | €97,198 | +€4,865 | +5.3% |
| Other operating charges | 640/8 | €16,519 | €27,401 | +€10,882 | +65.9% |
| Non-recurring operating charges | 66A | - | €18,000 | +€18,000 | |
| Gross operating margin | 9900 | €1,651,368 | €1,584,220 | -€67,148 | -4.1% |
| Operating profit (loss) | 9901 | €183,694 | €46,820 | -€136,874 | -74.5% |
| Financial income | 75/76B | €4,299 | €4,038 | -€261 | -6.1% |
| Recurring financial income | 75 | €4,299 | €4,038 | -€261 | -6.1% |
| Financial charges | 65/66B | €13,345 | €14,040 | +€696 | +5.2% |
| Recurring financial charges | 65 | €13,345 | €14,040 | +€696 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €174,649 | €36,818 | -€137,831 | -78.9% |
| Income taxes | 67/77 | €56,272 | €22,302 | -€33,970 | -60.4% |
| Profit (loss) for the period | 9904 | €118,377 | €14,515 | -€103,862 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €118,377 | €14,515 | -€103,862 | -87.7% |
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 27 October 2026 via checked.be.