INNOSOL: 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.
INNOSOL
Largest movements
- Stocks and contracts +€193,953
up €193,953 (+97.8%), from €198,229 to €392,182
- Intangible fixed assets +€148,542
up €148,542 (+1560.7%), from €9,518 to €158,060
- Receivables within one year +€123,687
up €123,687 (+45.0%), from €275,151 to €398,838
of which Trade receivables: +€89,752
- Cash +€50,191
up €50,191 (+18.2%), from €275,158 to €325,349
mainly Short-term financial debts (+€249,956) and Other debts (+€186,429)
- Tangible fixed assets +€46,650
up €46,650 (+74.9%), from €62,292 to €108,943
of which Plant, machinery and equipment: +€45,667
- Short-term financial debts +€249,956
up €249,956 (+573163.0%), from €44 to €250,000
- Other debts +€186,429
new in 2025: €186,429
- Debts after one year +€141,305
up €141,305 (+328.9%), from €42,966 to €184,271
- Trade debts +€77,502
up €77,502 (+45.9%), from €168,715 to €246,218
- Tax, wage and social debts -€50,696
down €50,696 (-34.4%), from €147,547 to €96,851
of which Taxes: -€51,371
- Staff costs +€78,274
up €78,274 (+14.5%), from €538,352 to €616,626
- Gross operating margin +€35,612
up €35,612 (+5.1%), from €697,120 to €732,732
- Taxes -€25,862
down €25,862 (-57.6%), from €44,866 to €19,004
- Depreciation +€13,802
up €13,802 (+36.7%), from €37,566 to €51,367
- Financial charges -€10,123
down €10,123 (-36.9%), from €27,465 to €17,342
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 | €820,632 | €1,402,035 | +€581,403 | +70.8% |
| Formation expenses | 20 | - | €17,447 | +€17,447 | |
| Fixed assets | 21/28 | €71,810 | €267,003 | +€195,192 | +271.8% |
| Intangible fixed assets | 21 | €9,518 | €158,060 | +€148,542 | +1560.7% |
| Tangible fixed assets | 22/27 | €62,292 | €108,943 | +€46,650 | +74.9% |
| Plant, machinery and equipment | 23 | €33,989 | €79,657 | +€45,667 | +134.4% |
| Furniture and vehicles | 24 | €15,401 | €24,008 | +€8,607 | +55.9% |
| Other tangible fixed assets | 26 | €12,902 | €5,278 | -€7,624 | -59.1% |
| Current assets | 29/58 | €748,822 | €1,117,586 | +€368,764 | +49.2% |
| Stocks and contracts in progress | 3 | €198,229 | €392,182 | +€193,953 | +97.8% |
| Stocks | 30/36 | €198,229 | €392,182 | +€193,953 | +97.8% |
| Amounts receivable within one year | 40/41 | €275,151 | €398,838 | +€123,687 | +45.0% |
| Trade receivables | 40 | €68,706 | €158,458 | +€89,752 | +130.6% |
| Other amounts receivable | 41 | €206,445 | €240,380 | +€33,935 | +16.4% |
| Cash at bank and in hand | 54/58 | €275,158 | €325,349 | +€50,191 | +18.2% |
| Deferred charges and accrued income | 490/1 | €284 | €1,217 | +€933 | +329.1% |
| Total equity and liabilities | 10/49 | €820,632 | €1,402,035 | +€581,403 | +70.8% |
| Equity | 10/15 | €397,454 | €352,594 | -€44,860 | -11.3% |
| Contributions | 10/11 | €14,372 | €14,372 | = | 0.0% |
| Reserves | 13 | €383,081 | €338,112 | -€44,969 | -11.7% |
| Distributable reserves | 133 | €383,081 | €338,112 | -€44,969 | -11.7% |
| Profit (loss) carried forward | 14 | €0 | €109 | +€109 | |
| Amounts payable | 17/49 | €423,178 | €1,049,441 | +€626,263 | +148.0% |
| Amounts payable after more than one year | 17 | €42,966 | €184,271 | +€141,305 | +328.9% |
| Financial debts | 170/4 | €42,966 | €184,271 | +€141,305 | +328.9% |
| Amounts payable within one year | 42/48 | €380,213 | €865,170 | +€484,958 | +127.5% |
| Current portion of amounts payable after more than one year | 42 | €63,906 | €85,673 | +€21,766 | +34.1% |
| Financial debts | 43 | €44 | €250,000 | +€249,956 | +573163.0% |
| Credit institutions | 430/8 | €44 | €250,000 | +€249,956 | +573163.0% |
| Trade debts | 44 | €168,715 | €246,218 | +€77,502 | +45.9% |
| Suppliers | 440/4 | €168,715 | €246,218 | +€77,502 | +45.9% |
| Taxes, remuneration and social security | 45 | €147,547 | €96,851 | -€50,696 | -34.4% |
| Taxes | 450/3 | €97,382 | €46,011 | -€51,371 | -52.8% |
| Remuneration and social security | 454/9 | €50,165 | €50,840 | +€675 | +1.3% |
| Other amounts payable | 47/48 | - | €186,429 | +€186,429 | |
| Remuneration, social security and pensions | 62 | €538,352 | €616,626 | +€78,274 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,566 | €51,367 | +€13,802 | +36.7% |
| Other operating charges | 640/8 | €4,098 | €627 | -€3,471 | -84.7% |
| Gross operating margin | 9900 | €697,120 | €732,732 | +€35,612 | +5.1% |
| Operating profit (loss) | 9901 | €117,105 | €64,112 | -€52,992 | -45.3% |
| Financial income | 75/76B | €1,303 | €2,343 | +€1,040 | +79.8% |
| Recurring financial income | 75 | €1,303 | €2,343 | +€1,040 | +79.8% |
| Financial charges | 65/66B | €27,465 | €17,342 | -€10,123 | -36.9% |
| Recurring financial charges | 65 | €27,465 | €17,342 | -€10,123 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €90,943 | €49,113 | -€41,829 | -46.0% |
| Income taxes | 67/77 | €44,866 | €19,004 | -€25,862 | -57.6% |
| Profit (loss) for the period | 9904 | €46,077 | €30,109 | -€15,967 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,077 | €30,109 | -€15,967 | -34.7% |
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 9 October 2026 via checked.be.