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 -€11.3m
down €11.3m (-100.0%), from €11.3m to €997
of which Other amounts receivable: -€11.3m
- Financial fixed assets +€2.2m
up €2.2m (+10.9%), from €20.2m to €22.4m
- Deferred charges and accrued income +€1.1m
up €1.1m (+2031.5%), from €54,000 to €1.2m
- Other debts -€8.0m
down €8.0m (-25.1%), from €31.8m to €23.8m
- Financial charges +€1.0m
up €1.0m (+666.3%), from €152,338 to €1.2m
- Financial income +€1.0m
up €1.0m (+831.6%), from €121,435 to €1.1m
- Gross operating margin -€72,600
down €72,600 (-242.4%), from -€29,956 to -€102,557
- Depreciation +€10,033
new in 2025: €10,033
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 | €31,753,835 | €23,618,995 | -€8.1m | -25.6% |
| Fixed assets | 21/28 | €20,243,809 | €22,441,294 | +€2.2m | +10.9% |
| Intangible fixed assets | 21 | €43,010 | €40,495 | -€2,515 | -5.8% |
| Financial fixed assets | 28 | €20,200,799 | €22,400,799 | +€2.2m | +10.9% |
| Current assets | 29/58 | €11,510,026 | €1,177,701 | -€10.3m | -89.8% |
| Amounts receivable within one year | 40/41 | €11,330,290 | €997 | -€11.3m | -100.0% |
| Trade receivables | 40 | €36,300 | €0 | -€36,300 | -100.0% |
| Other amounts receivable | 41 | €11,293,990 | €997 | -€11.3m | -100.0% |
| Cash at bank and in hand | 54/58 | €125,736 | €25,718 | -€100,018 | -79.5% |
| Deferred charges and accrued income | 490/1 | €54,000 | €1,150,986 | +€1.1m | +2031.5% |
| Total equity and liabilities | 10/49 | €31,753,835 | €23,618,995 | -€8.1m | -25.6% |
| Equity | 10/15 | -€79,252 | -€229,071 | -€149,818 | -189.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,351 | €6,351 | = | 0.0% |
| Distributable reserves | 133 | €6,351 | €6,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,203 | -€254,021 | -€149,818 | -143.8% |
| Amounts payable | 17/49 | €31,833,087 | €23,848,066 | -€8.0m | -25.1% |
| Amounts payable within one year | 42/48 | €31,833,087 | €23,848,066 | -€8.0m | -25.1% |
| Trade debts | 44 | €1,710 | €5,627 | +€3,917 | +229.1% |
| Suppliers | 440/4 | €1,710 | €5,627 | +€3,917 | +229.1% |
| Other amounts payable | 47/48 | €31,831,378 | €23,842,439 | -€8.0m | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,033 | +€10,033 | |
| Other operating charges | 640/8 | €449 | €1,060 | +€611 | +136.0% |
| Gross operating margin | 9900 | -€29,956 | -€102,557 | -€72,600 | -242.4% |
| Operating profit (loss) | 9901 | -€30,406 | -€113,650 | -€83,244 | -273.8% |
| Financial income | 75/76B | €121,435 | €1,131,269 | +€1.0m | +831.6% |
| Recurring financial income | 75 | €121,435 | €1,131,269 | +€1.0m | +831.6% |
| Financial charges | 65/66B | €152,338 | €1,167,437 | +€1.0m | +666.3% |
| Recurring financial charges | 65 | €152,338 | €1,167,437 | +€1.0m | +666.3% |
| Profit (loss) for the period before taxes | 9903 | -€61,308 | -€149,818 | -€88,510 | -144.4% |
| Profit (loss) for the period | 9904 | -€61,308 | -€149,818 | -€88,510 | -144.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,308 | -€149,818 | -€88,510 | -144.4% |
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 11 October 2026 via checked.be.