InnoTek Holding: 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.
What changed
InnoTek Holding
NACE 66.300, Activities auxiliary to financial services and insurance activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€12.7m
2024 · €11.9m+€808,341
Equity
€206.2m
2024 · €209.1m-€2.8m
Cash
€153,944
2024 · €1.5m-€1.4m
Balance sheet total
€211.2m
2024 · €214.0m-€2.8m
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves -€3.0m
down €3.0m (-6.0%), from €49.6m to €46.6m
of which Distributable reserves: -€3.0m
Income statement
- Financial income +€1.1m
up €1.1m (+9.2%), from €12.3m to €13.5m
of which Non-recurring financial income: +€2.2m
- Other operating income -€303,821
down €303,821 (-97.8%), from €310,573 to €6,753
- Services and other goods +€83,025
up €83,025 (+25.3%), from €328,571 to €411,597
- Financial charges -€74,345
down €74,345 (-22.7%), from €327,674 to €253,329
of which Non-recurring financial charges: -€38,626
- Depreciation +€18,880
up €18,880 (+9.8%), from €193,345 to €212,225
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.
Result 2024
€11.9m
Other operating income
-€303,821
Services and other goods
-€83,025
Depreciation
-€18,880
Other operating charges
-€2
Financial income
+€1.1m
Financial charges
+€74,345
Taxes
+€2
Result 2025
€12.7m
raises the resultlowers the result
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.
From operations
+€12.9m
Investment
+€1.2m
Financing
-€15.5m
Cash 2024
€1.5m
From operations (derived)
+€12.9m
Net result for the year
+€12.7m
Depreciation
+€212,225
Smaller working-capital items
+€39,535
Investment (derived)
+€1.2m
Investment in fixed assets (net)
+€1.2m
Financing
-€15.5m
Contributions, distributions and other
-€15.5m
Cash 2025
€153,944
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,020,310 | €211,235,519 | -€2.8m | -1.3% |
| Fixed assets | 21/28 | €212,465,943 | €211,058,460 | -€1.4m | -0.7% |
| Intangible fixed assets | 21 | €666,842 | €454,617 | -€212,225 | -31.8% |
| Financial fixed assets | 28 | €211,799,101 | €210,603,842 | -€1.2m | -0.6% |
| Affiliated companies | 280/1 | €210,653,842 | €210,603,842 | -€50,000 | 0.0% |
| Participating interests | 280 | €210,285,492 | €210,235,492 | -€50,000 | 0.0% |
| Amounts receivable | 281 | €368,350 | €368,350 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €1,145,259 | - | -€1.1m | |
| Participating interests | 282 | €1,145,259 | - | -€1.1m | |
| Current assets | 29/58 | €1,554,367 | €177,060 | -€1.4m | -88.6% |
| Amounts receivable within one year | 40/41 | €11,425 | €23,115 | +€11,690 | +102% |
| Trade receivables | 40 | €6,175 | €12,928 | +€6,753 | +109% |
| Other amounts receivable | 41 | €5,250 | €10,188 | +€4,938 | +94.0% |
| Cash at bank and in hand | 54/58 | €1,542,941 | €153,944 | -€1.4m | -90.0% |
| Total equity and liabilities | 10/49 | €214,020,310 | €211,235,519 | -€2.8m | -1.3% |
| Equity | 10/15 | €209,070,277 | €206,234,261 | -€2.8m | -1.4% |
| Contributions | 10/11 | €159,357,548 | €159,357,548 | = | 0.0% |
| Capital | 10 | €159,357,548 | €159,357,548 | = | 0.0% |
| Issued capital | 100 | €159,357,548 | €159,357,548 | = | 0.0% |
| Reserves | 13 | €49,635,755 | €46,635,755 | -€3.0m | -6.0% |
| Non-distributable reserves | 130/1 | €15,935,755 | €15,935,755 | = | 0.0% |
| Legal reserve | 130 | €15,935,755 | €15,935,755 | = | 0.0% |
| Distributable reserves | 133 | €33,700,000 | €30,700,000 | -€3.0m | -8.9% |
| Profit (loss) carried forward | 14 | €76,974 | €240,958 | +€163,984 | +213% |
| Amounts payable | 17/49 | €4,950,033 | €5,001,259 | +€51,226 | +1.0% |
| Amounts payable after more than one year | 17 | €4,950,000 | €4,950,000 | = | 0.0% |
| Financial debts | 170/4 | €4,950,000 | €4,950,000 | = | 0.0% |
| Subordinated loans | 170 | €0 | - | = | |
| Other loans | 174 | €4,950,000 | €4,950,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33 | €51,259 | +€51,226 | +155,041% |
| Trade debts | 44 | - | €21,039 | +€21,039 | |
| Suppliers | 440/4 | - | €21,039 | +€21,039 | |
| Taxes, remuneration and social security | 45 | €33 | - | -€33 | |
| Taxes | 450/3 | €33 | - | -€33 | |
| Other amounts payable | 47/48 | - | €30,220 | +€30,220 | |
| Operating income | 70/76A | €382,573 | €78,753 | -€303,821 | -79.4% |
| Turnover | 70 | €72,000 | €72,000 | = | 0.0% |
| Other operating income | 74 | €310,573 | €6,753 | -€303,821 | -97.8% |
| Operating charges | 60/66A | €522,035 | €623,942 | +€101,907 | +19.5% |
| Services and other goods | 61 | €328,571 | €411,597 | +€83,025 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,345 | €212,225 | +€18,880 | +9.8% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Operating profit (loss) | 9901 | -€139,461 | -€545,189 | -€405,728 | -291% |
| Financial income | 75/76B | €12,325,473 | €13,465,195 | +€1.1m | +9.2% |
| Recurring financial income | 75 | €12,286,848 | €11,263,900 | -€1.0m | -8.3% |
| Income from financial fixed assets | 750 | €12,250,000 | €11,231,116 | -€1.0m | -8.3% |
| Income from current assets | 751 | €138 | €130 | -€7 | -5.4% |
| Other financial income | 752/9 | €36,710 | €32,654 | -€4,056 | -11.0% |
| Non-recurring financial income | 76B | €38,626 | €2,201,295 | +€2.2m | +5,599% |
| Financial charges | 65/66B | €327,674 | €253,329 | -€74,345 | -22.7% |
| Recurring financial charges | 65 | €289,049 | €253,329 | -€35,719 | -12.4% |
| Debt charges | 650 | €226,383 | €251,380 | +€24,996 | +11.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €60,000 | - | -€60,000 | |
| Other financial charges | 652/9 | €2,665 | €1,949 | -€716 | -26.9% |
| Non-recurring financial charges | 66B | €38,626 | - | -€38,626 | |
| Profit (loss) for the period before taxes | 9903 | €11,858,338 | €12,666,677 | +€808,339 | +6.8% |
| Income taxes | 67/77 | €41 | €39 | -€2 | -5.4% |
| Taxes | 670/3 | €41 | €39 | -€2 | -5.4% |
| Profit (loss) for the period | 9904 | €11,858,297 | €12,666,638 | +€808,341 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,858,297 | €12,666,638 | +€808,341 | +6.8% |
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 28 October 2026 via checked.be.