INNOTECH D&C: 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 D&C
Largest movements
- Cash -€190,139
down €190,139 (-67.0%), from €283,621 to €93,482
mainly Other debts (-€182,750) and Current investments (-€120,000)
- Current investments +€120,000
up €120,000 (+240%), from €50,000 to €170,000
- Receivables within one year +€12,705
up €12,705 (+7.4%), from €171,319 to €184,025
of which Other amounts receivable: +€123,620
- Tangible fixed assets +€10,632
up €10,632 (+5.4%), from €195,978 to €206,610
of which Land and buildings: +€16,369
- Other debts -€182,750
no longer reported in 2025 (was €182,750)
- Profit (loss) carried forward +€167,111
up €167,111 (+5,851%), from €2,856 to €169,967
- Tax, wage and social debts -€30,429
down €30,429 (-59.9%), from €50,815 to €20,386
- Gross operating margin -€54,705
down €54,705 (-18.2%), from €301,382 to €246,676
- Taxes -€25,285
down €25,285 (-32.4%), from €78,066 to €52,781
- Financial income -€10,741
down €10,741 (-81.5%), from €13,175 to €2,434
- Financial charges +€7,850
up €7,850 (+380%), from €2,067 to €9,917
- Depreciation +€3,388
up €3,388 (+26.9%), from €12,573 to €15,961
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 | €701,458 | €654,167 | -€47,291 | -6.7% |
| Fixed assets | 21/28 | €196,028 | €206,660 | +€10,632 | +5.4% |
| Tangible fixed assets | 22/27 | €195,978 | €206,610 | +€10,632 | +5.4% |
| Land and buildings | 22 | €170,393 | €186,762 | +€16,369 | +9.6% |
| Plant, machinery and equipment | 23 | €5,967 | €5,647 | -€319 | -5.3% |
| Furniture and vehicles | 24 | €17,030 | €12,220 | -€4,810 | -28.2% |
| Other tangible fixed assets | 26 | €2,588 | €1,980 | -€608 | -23.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €505,430 | €447,507 | -€57,923 | -11.5% |
| Amounts receivable within one year | 40/41 | €171,319 | €184,025 | +€12,705 | +7.4% |
| Trade receivables | 40 | €110,915 | - | -€110,915 | |
| Other amounts receivable | 41 | €60,405 | €184,025 | +€123,620 | +205% |
| Current investments | 50/53 | €50,000 | €170,000 | +€120,000 | +240% |
| Cash at bank and in hand | 54/58 | €283,621 | €93,482 | -€190,139 | -67.0% |
| Deferred charges and accrued income | 490/1 | €489 | - | -€489 | |
| Total equity and liabilities | 10/49 | €701,458 | €654,167 | -€47,291 | -6.7% |
| Equity | 10/15 | €364,416 | €531,526 | +€167,111 | +45.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,959 | €342,959 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €341,099 | €341,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,856 | €169,967 | +€167,111 | +5,851% |
| Amounts payable | 17/49 | €337,042 | €122,640 | -€214,402 | -63.6% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €237,042 | €22,640 | -€214,402 | -90.4% |
| Current portion of amounts payable after more than one year | 42 | €500 | €500 | = | 0.0% |
| Trade debts | 44 | €2,977 | €1,754 | -€1,222 | -41.1% |
| Suppliers | 440/4 | €2,977 | €1,754 | -€1,222 | -41.1% |
| Taxes, remuneration and social security | 45 | €50,815 | €20,386 | -€30,429 | -59.9% |
| Taxes | 450/3 | €50,815 | €20,386 | -€30,429 | -59.9% |
| Other amounts payable | 47/48 | €182,750 | - | -€182,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,573 | €15,961 | +€3,388 | +26.9% |
| Other operating charges | 640/8 | €4,195 | €3,341 | -€854 | -20.3% |
| Gross operating margin | 9900 | €301,382 | €246,676 | -€54,705 | -18.2% |
| Operating profit (loss) | 9901 | €284,614 | €227,374 | -€57,240 | -20.1% |
| Financial income | 75/76B | €13,175 | €2,434 | -€10,741 | -81.5% |
| Recurring financial income | 75 | €13,175 | €2,434 | -€10,741 | -81.5% |
| Financial charges | 65/66B | €2,067 | €9,917 | +€7,850 | +380% |
| Recurring financial charges | 65 | €2,067 | €9,917 | +€7,850 | +380% |
| Profit (loss) for the period before taxes | 9903 | €295,722 | €219,892 | -€75,830 | -25.6% |
| Income taxes | 67/77 | €78,066 | €52,781 | -€25,285 | -32.4% |
| Profit (loss) for the period | 9904 | €217,656 | €167,111 | -€50,545 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €217,656 | €167,111 | -€50,545 | -23.2% |
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 20 October 2026 via checked.be.