INNOV CONSTRUCT: 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 CONSTRUCT
Largest movements
- Stocks and contracts +€19,089
up €19,089 (+112%), from €17,000 to €36,089
- Receivables within one year +€18,350
up €18,350 (+41.9%), from €43,806 to €62,156
of which Trade receivables: +€27,643
- Tangible fixed assets +€11,103
up €11,103 (+50.5%), from €21,985 to €33,088
of which Furniture and vehicles: +€16,927
- Cash +€8,168
up €8,168 (+55.8%), from €14,647 to €22,815
mainly Trade debts (+€59,237) and Depreciation (+€18,982)
- Trade debts +€59,237
up €59,237 (+574%), from €10,325 to €69,562
- Advances received +€18,138
new in 2024: €18,138
- Other debts -€17,099
down €17,099 (-72.9%), from €23,441 to €6,341
- Debts after one year -€13,879
down €13,879 (-65.9%), from €21,056 to €7,177
- Reserves +€7,500
up €7,500 (+21.0%), from €35,705 to €43,205
of which Distributable reserves: +€7,500
- Gross operating margin -€15,645
down €15,645 (-18.8%), from €83,281 to €67,635
- Financial income +€14,335
new in 2024: €14,335
of which Financial income: +€14,335
- Staff costs +€13,071
up €13,071 (+44.4%), from €29,450 to €42,521
- Depreciation -€11,777
down €11,777 (-38.3%), from €30,759 to €18,982
- Financial charges -€6,817
down €6,817 (-49.9%), from €13,649 to €6,833
of which Financial charges: -€5,804
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,925 | €172,746 | +€56,821 | +49.0% |
| Fixed assets | 21/28 | €22,735 | €33,838 | +€11,103 | +48.8% |
| Tangible fixed assets | 22/27 | €21,985 | €33,088 | +€11,103 | +50.5% |
| Plant, machinery and equipment | 23 | €9,191 | €3,367 | -€5,824 | -63.4% |
| Furniture and vehicles | 24 | €12,794 | €29,721 | +€16,927 | +132% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €93,189 | €138,908 | +€45,718 | +49.1% |
| Stocks and contracts in progress | 3 | €17,000 | €36,089 | +€19,089 | +112% |
| Stocks | 30/36 | €17,000 | €36,089 | +€19,089 | +112% |
| Amounts receivable within one year | 40/41 | €43,806 | €62,156 | +€18,350 | +41.9% |
| Trade receivables | 40 | €20,840 | €48,483 | +€27,643 | +133% |
| Other amounts receivable | 41 | €22,966 | €13,673 | -€9,293 | -40.5% |
| Cash at bank and in hand | 54/58 | €14,647 | €22,815 | +€8,168 | +55.8% |
| Deferred charges and accrued income | 490/1 | €17,736 | €17,847 | +€111 | +0.6% |
| Total equity and liabilities | 10/49 | €115,925 | €172,746 | +€56,821 | +49.0% |
| Equity | 10/15 | €42,603 | €50,113 | +€7,510 | +17.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,705 | €43,205 | +€7,500 | +21.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €27,595 | €35,095 | +€7,500 | +27.2% |
| Profit (loss) carried forward | 14 | €698 | €708 | +€10 | +1.4% |
| Amounts payable | 17/49 | €73,321 | €122,633 | +€49,312 | +67.3% |
| Amounts payable after more than one year | 17 | €21,056 | €7,177 | -€13,879 | -65.9% |
| Financial debts | 170/4 | €21,056 | €7,177 | -€13,879 | -65.9% |
| Amounts payable within one year | 42/48 | €52,265 | €115,456 | +€63,191 | +121% |
| Current portion of amounts payable after more than one year | 42 | €18,269 | €19,879 | +€1,610 | +8.8% |
| Trade debts | 44 | €10,325 | €69,562 | +€59,237 | +574% |
| Suppliers | 440/4 | €10,325 | €69,562 | +€59,237 | +574% |
| Advances received on contracts in progress | 46 | - | €18,138 | +€18,138 | |
| Taxes, remuneration and social security | 45 | €231 | €1,535 | +€1,304 | +565% |
| Taxes | 450/3 | €5 | €67 | +€61 | +1,119% |
| Remuneration and social security | 454/9 | €225 | €1,468 | +€1,243 | +552% |
| Other amounts payable | 47/48 | €23,441 | €6,341 | -€17,099 | -72.9% |
| Remuneration, social security and pensions | 62 | €29,450 | €42,521 | +€13,071 | +44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,759 | €18,982 | -€11,777 | -38.3% |
| Other operating charges | 640/8 | €901 | €1,938 | +€1,036 | +115% |
| Gross operating margin | 9900 | €83,281 | €67,635 | -€15,645 | -18.8% |
| Operating profit (loss) | 9901 | €22,170 | €4,195 | -€17,975 | -81.1% |
| Financial income | 75/76B | - | €14,335 | +€14,335 | |
| Recurring financial income | 75 | - | €14,335 | +€14,335 | |
| Non-recurring financial income | 76B | - | €14,335 | +€14,335 | |
| Financial charges | 65/66B | €13,649 | €6,833 | -€6,817 | -49.9% |
| Recurring financial charges | 65 | €12,637 | €6,833 | -€5,804 | -45.9% |
| Non-recurring financial charges | 66B | €1,013 | - | -€1,013 | |
| Profit (loss) for the period before taxes | 9903 | €8,521 | €11,697 | +€3,176 | +37.3% |
| Income taxes | 67/77 | €4,509 | €4,187 | -€322 | -7.1% |
| Profit (loss) for the period | 9904 | €4,012 | €7,510 | +€3,498 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,012 | €7,510 | +€3,498 | +87.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.