INNOTECH: 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.
INNOTECH
Largest movements
- Receivables within one year -€488,728
down €488,728 (-52.1%), from €938,647 to €449,919
of which Trade receivables: -€444,573
- Cash -€43,892
down €43,892 (-18.3%), from €239,559 to €195,667
mainly Debts after one year (-€384,174) and Trade debts (-€150,282)
- Tangible fixed assets +€29,822
up €29,822 (+5.1%), from €581,013 to €610,835
of which Furniture and vehicles: +€62,180
- Debts after one year -€384,174
down €384,174 (-80.8%), from €475,569 to €91,395
- Trade debts -€150,282
down €150,282 (-27.8%), from €540,239 to €389,956
- Staff costs -€115,141
down €115,141 (-15.6%), from €739,172 to €624,030
- Gross operating margin -€80,741
down €80,741 (-9.4%), from €859,492 to €778,751
- Financial income -€29,102
down €29,102 (-48.5%), from €60,012 to €30,910
- Depreciation +€10,792
up €10,792 (+11.9%), from €90,579 to €101,372
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 | €2,283,379 | €1,771,324 | -€512,055 | -22.4% |
| Fixed assets | 21/28 | €581,013 | €610,835 | +€29,822 | +5.1% |
| Tangible fixed assets | 22/27 | €581,013 | €610,835 | +€29,822 | +5.1% |
| Land and buildings | 22 | €395,876 | €382,222 | -€13,653 | -3.4% |
| Plant, machinery and equipment | 23 | €64,068 | €45,362 | -€18,705 | -29.2% |
| Furniture and vehicles | 24 | €121,069 | €183,250 | +€62,180 | +51.4% |
| Current assets | 29/58 | €1,702,366 | €1,160,489 | -€541,876 | -31.8% |
| Stocks and contracts in progress | 3 | €524,160 | €514,903 | -€9,256 | -1.8% |
| Stocks | 30/36 | €472,160 | €482,903 | +€10,744 | +2.3% |
| Contracts in progress | 37 | €52,000 | €32,000 | -€20,000 | -38.5% |
| Amounts receivable within one year | 40/41 | €938,647 | €449,919 | -€488,728 | -52.1% |
| Trade receivables | 40 | €800,430 | €355,857 | -€444,573 | -55.5% |
| Other amounts receivable | 41 | €138,217 | €94,062 | -€44,155 | -31.9% |
| Cash at bank and in hand | 54/58 | €239,559 | €195,667 | -€43,892 | -18.3% |
| Total equity and liabilities | 10/49 | €2,283,379 | €1,771,324 | -€512,055 | -22.4% |
| Equity | 10/15 | €836,359 | €847,425 | +€11,066 | +1.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €457,923 | €468,989 | +€11,066 | +2.4% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €456,023 | €467,089 | +€11,066 | +2.4% |
| Profit (loss) carried forward | 14 | €359,436 | €359,436 | = | 0.0% |
| Amounts payable | 17/49 | €1,447,020 | €923,899 | -€523,121 | -36.2% |
| Amounts payable after more than one year | 17 | €475,569 | €91,395 | -€384,174 | -80.8% |
| Financial debts | 170/4 | €475,569 | €91,395 | -€384,174 | -80.8% |
| Amounts payable within one year | 42/48 | €946,479 | €811,503 | -€134,976 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €117,434 | €127,283 | +€9,849 | +8.4% |
| Trade debts | 44 | €540,239 | €389,956 | -€150,282 | -27.8% |
| Suppliers | 440/4 | €540,239 | €389,956 | -€150,282 | -27.8% |
| Taxes, remuneration and social security | 45 | €22,611 | €23,730 | +€1,119 | +4.9% |
| Taxes | 450/3 | - | €2,119 | +€2,119 | |
| Remuneration and social security | 454/9 | €22,611 | €21,611 | -€1,000 | -4.4% |
| Other amounts payable | 47/48 | €266,195 | €270,534 | +€4,338 | +1.6% |
| Accrued charges and deferred income | 492/3 | €24,972 | €21,001 | -€3,971 | -15.9% |
| Remuneration, social security and pensions | 62 | €739,172 | €624,030 | -€115,141 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,579 | €101,372 | +€10,792 | +11.9% |
| Other operating charges | 640/8 | €12,674 | €12,325 | -€349 | -2.8% |
| Gross operating margin | 9900 | €859,492 | €778,751 | -€80,741 | -9.4% |
| Operating profit (loss) | 9901 | €17,067 | €41,025 | +€23,958 | +140.4% |
| Financial income | 75/76B | €60,012 | €30,910 | -€29,102 | -48.5% |
| Recurring financial income | 75 | €60,012 | €30,910 | -€29,102 | -48.5% |
| Financial charges | 65/66B | €56,731 | €53,751 | -€2,980 | -5.3% |
| Recurring financial charges | 65 | €56,731 | €53,751 | -€2,980 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €20,349 | €18,185 | -€2,164 | -10.6% |
| Income taxes | 67/77 | €6,439 | €7,119 | +€680 | +10.6% |
| Profit (loss) for the period | 9904 | €13,910 | €11,066 | -€2,844 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,910 | €11,066 | -€2,844 | -20.4% |
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 10 October 2026 via checked.be.