INNOTRACK: 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.
INNOTRACK
Largest movements
- Cash -€216,125
down €216,125 (-95.0%), from €227,611 to €11,486
mainly Trade debts (-€128,575) and Receivables within one year (-€105,649)
- Receivables within one year +€105,649
up €105,649 (+148%), from €71,183 to €176,831
of which Trade receivables: +€53,740
- Tangible fixed assets +€13,823
up €13,823 (+1.8%), from €771,176 to €784,999
of which Land and buildings: +€17,603
- Trade debts -€128,575
down €128,575 (-38.3%), from €336,121 to €207,546
- Profit (loss) carried forward +€56,193
up €56,193 (+675%), from €8,322 to €64,515
- Debts after one year -€23,306
down €23,306 (-4.1%), from €573,641 to €550,336
- Other debts -€11,729
down €11,729 (-13.8%), from €84,720 to €72,992
- Gross operating margin +€51,320
up €51,320 (+76.6%), from €66,959 to €118,280
- Taxes +€10,569
up €10,569 (+231%), from €4,569 to €15,139
- Depreciation +€3,698
up €3,698 (+15.1%), from €24,499 to €28,197
- Financial charges +€1,985
up €1,985 (+12.7%), from €15,665 to €17,650
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 | €1,075,481 | €977,537 | -€97,945 | -9.1% |
| Fixed assets | 21/28 | €771,176 | €784,999 | +€13,823 | +1.8% |
| Tangible fixed assets | 22/27 | €771,176 | €784,999 | +€13,823 | +1.8% |
| Land and buildings | 22 | €758,103 | €775,706 | +€17,603 | +2.3% |
| Plant, machinery and equipment | 23 | €1,110 | - | -€1,110 | |
| Furniture and vehicles | 24 | €6,811 | €9,293 | +€2,482 | +36.4% |
| Leasing and similar rights | 25 | €5,152 | - | -€5,152 | |
| Current assets | 29/58 | €304,305 | €192,538 | -€111,768 | -36.7% |
| Amounts receivable within one year | 40/41 | €71,183 | €176,831 | +€105,649 | +148% |
| Trade receivables | 40 | €51,656 | €105,396 | +€53,740 | +104% |
| Other amounts receivable | 41 | €19,527 | €71,435 | +€51,909 | +266% |
| Cash at bank and in hand | 54/58 | €227,611 | €11,486 | -€216,125 | -95.0% |
| Deferred charges and accrued income | 490/1 | €5,511 | €4,220 | -€1,291 | -23.4% |
| Total equity and liabilities | 10/49 | €1,075,481 | €977,537 | -€97,945 | -9.1% |
| Equity | 10/15 | €53,782 | €109,975 | +€56,193 | +104% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,322 | €64,515 | +€56,193 | +675% |
| Amounts payable | 17/49 | €1,021,699 | €867,562 | -€154,138 | -15.1% |
| Amounts payable after more than one year | 17 | €573,641 | €550,336 | -€23,306 | -4.1% |
| Financial debts | 170/4 | €573,641 | €550,336 | -€23,306 | -4.1% |
| Amounts payable within one year | 42/48 | €448,058 | €317,226 | -€130,832 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €22,647 | €23,306 | +€659 | +2.9% |
| Trade debts | 44 | €336,121 | €207,546 | -€128,575 | -38.3% |
| Suppliers | 440/4 | €336,121 | €207,546 | -€128,575 | -38.3% |
| Taxes, remuneration and social security | 45 | €4,569 | €13,383 | +€8,813 | +193% |
| Taxes | 450/3 | €4,569 | €13,383 | +€8,813 | +193% |
| Other amounts payable | 47/48 | €84,720 | €72,992 | -€11,729 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,499 | €28,197 | +€3,698 | +15.1% |
| Other operating charges | 640/8 | €2,146 | €1,111 | -€1,035 | -48.2% |
| Gross operating margin | 9900 | €66,959 | €118,280 | +€51,320 | +76.6% |
| Operating profit (loss) | 9901 | €40,315 | €88,972 | +€48,657 | +121% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €15,665 | €17,650 | +€1,985 | +12.7% |
| Recurring financial charges | 65 | €15,665 | €17,650 | +€1,985 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €24,650 | €71,332 | +€46,682 | +189% |
| Income taxes | 67/77 | €4,569 | €15,139 | +€10,569 | +231% |
| Profit (loss) for the period | 9904 | €20,080 | €56,193 | +€36,113 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €20,080 | €56,193 | +€36,113 | +180% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.