Innov-Ars: 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.
Innov-Ars
Largest movements
- Tangible fixed assets +€19,614
up €19,614 (+384%), from €5,102 to €24,716
of which Furniture and vehicles: +€19,961
- Receivables within one year +€12,994
up €12,994 (+6,401%), from €203 to €13,197
- Cash -€1,617
down €1,617 (-10.1%), from €16,085 to €14,468
mainly Investment in fixed assets (net) (-€29,888) and Receivables within one year (-€12,994)
- Financial fixed assets -€850
no longer reported in 2025 (was €850)
- Other debts +€24,146
up €24,146 (+281%), from €8,591 to €32,737
- Profit (loss) carried forward +€5,847
up €5,847 (+97.9%), from €5,970 to €11,817
- Gross operating margin +€10,405
up €10,405 (+78.8%), from €13,209 to €23,614
- Depreciation +€9,637
up €9,637 (+648%), from €1,487 to €11,124
- Other operating charges +€2,175
new in 2025: €2,175
- Taxes +€1,592
up €1,592 (+58.7%), from €2,710 to €4,302
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 | €22,660 | €52,454 | +€29,794 | +131% |
| Fixed assets | 21/28 | €5,952 | €24,716 | +€18,764 | +315% |
| Tangible fixed assets | 22/27 | €5,102 | €24,716 | +€19,614 | +384% |
| Plant, machinery and equipment | 23 | €695 | €348 | -€348 | -50.0% |
| Furniture and vehicles | 24 | €4,407 | €24,368 | +€19,961 | +453% |
| Financial fixed assets | 28 | €850 | - | -€850 | |
| Current assets | 29/58 | €16,708 | €27,739 | +€11,031 | +66.0% |
| Amounts receivable within one year | 40/41 | €203 | €13,197 | +€12,994 | +6,401% |
| Trade receivables | 40 | €203 | €13,197 | +€12,994 | +6,401% |
| Cash at bank and in hand | 54/58 | €16,085 | €14,468 | -€1,617 | -10.1% |
| Deferred charges and accrued income | 490/1 | €420 | €73 | -€347 | -82.7% |
| Total equity and liabilities | 10/49 | €22,660 | €52,454 | +€29,794 | +131% |
| Equity | 10/15 | €7,970 | €13,817 | +€5,847 | +73.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,970 | €11,817 | +€5,847 | +97.9% |
| Amounts payable | 17/49 | €14,690 | €38,638 | +€23,947 | +163% |
| Amounts payable within one year | 42/48 | €14,690 | €38,638 | +€23,947 | +163% |
| Trade debts | 44 | €953 | €921 | -€32 | -3.4% |
| Suppliers | 440/4 | €953 | €921 | -€32 | -3.4% |
| Taxes, remuneration and social security | 45 | €5,146 | €4,980 | -€167 | -3.2% |
| Taxes | 450/3 | €5,146 | €4,980 | -€167 | -3.2% |
| Other amounts payable | 47/48 | €8,591 | €32,737 | +€24,146 | +281% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,487 | €11,124 | +€9,637 | +648% |
| Other operating charges | 640/8 | - | €2,175 | +€2,175 | |
| Gross operating margin | 9900 | €13,209 | €23,614 | +€10,405 | +78.8% |
| Operating profit (loss) | 9901 | €11,722 | €10,316 | -€1,406 | -12.0% |
| Financial charges | 65/66B | €126 | €167 | +€41 | +32.3% |
| Recurring financial charges | 65 | €126 | €167 | +€41 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €11,596 | €10,149 | -€1,447 | -12.5% |
| Income taxes | 67/77 | €2,710 | €4,302 | +€1,592 | +58.7% |
| Profit (loss) for the period | 9904 | €8,885 | €5,847 | -€3,039 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,885 | €5,847 | -€3,039 | -34.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.