INNOV'EXPERT: 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'EXPERT
Largest movements
- Cash +€20,924
up €20,924 (+112%), from €18,621 to €39,545
mainly Receivables within one year (+€7,099) and Net result for the year (+€6,546)
- Receivables within one year -€7,099
down €7,099 (-37.2%), from €19,086 to €11,987
of which Trade receivables: -€7,742
- Tangible fixed assets -€4,022
down €4,022 (-32.9%), from €12,238 to €8,216
of which Furniture and vehicles: -€3,400
- Reserves +€7,000
up €7,000 (+28.0%), from €25,000 to €32,000
- Tax, wage and social debts +€2,059
up €2,059 (+13.3%), from €15,539 to €17,598
of which Taxes: +€4,567
- Trade debts +€1,082
up €1,082 (+13.3%), from €8,142 to €9,224
- Staff costs +€6,448
up €6,448 (+13.0%), from €49,548 to €55,996
- Gross operating margin +€6,000
up €6,000 (+7.9%), from €75,853 to €81,853
- Financial charges -€1,628
down €1,628 (-16.1%), from €10,137 to €8,509
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 | €59,878 | €69,532 | +€9,654 | +16.1% |
| Fixed assets | 21/28 | €15,474 | €10,873 | -€4,601 | -29.7% |
| Intangible fixed assets | 21 | €1,196 | €617 | -€579 | -48.4% |
| Tangible fixed assets | 22/27 | €12,238 | €8,216 | -€4,022 | -32.9% |
| Furniture and vehicles | 24 | €7,710 | €4,310 | -€3,400 | -44.1% |
| Other tangible fixed assets | 26 | €4,528 | €3,906 | -€622 | -13.7% |
| Financial fixed assets | 28 | €2,040 | €2,040 | = | 0.0% |
| Current assets | 29/58 | €44,404 | €58,659 | +€14,255 | +32.1% |
| Amounts receivable within one year | 40/41 | €19,086 | €11,987 | -€7,099 | -37.2% |
| Trade receivables | 40 | €17,514 | €9,772 | -€7,742 | -44.2% |
| Other amounts receivable | 41 | €1,572 | €2,215 | +€643 | +40.9% |
| Cash at bank and in hand | 54/58 | €18,621 | €39,545 | +€20,924 | +112% |
| Deferred charges and accrued income | 490/1 | €6,697 | €7,127 | +€430 | +6.4% |
| Total equity and liabilities | 10/49 | €59,878 | €69,532 | +€9,654 | +16.1% |
| Equity | 10/15 | €35,926 | €42,472 | +€6,546 | +18.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €32,000 | +€7,000 | +28.0% |
| Distributable reserves | 133 | €25,000 | €32,000 | +€7,000 | +28.0% |
| Profit (loss) carried forward | 14 | €926 | €472 | -€454 | -49.0% |
| Amounts payable | 17/49 | €23,952 | €27,060 | +€3,108 | +13.0% |
| Amounts payable within one year | 42/48 | €23,928 | €27,016 | +€3,088 | +12.9% |
| Trade debts | 44 | €8,142 | €9,224 | +€1,082 | +13.3% |
| Suppliers | 440/4 | €8,142 | €9,224 | +€1,082 | +13.3% |
| Taxes, remuneration and social security | 45 | €15,539 | €17,598 | +€2,059 | +13.3% |
| Taxes | 450/3 | €9,046 | €13,613 | +€4,567 | +50.5% |
| Remuneration and social security | 454/9 | €6,493 | €3,985 | -€2,508 | -38.6% |
| Other amounts payable | 47/48 | €247 | €194 | -€53 | -21.5% |
| Accrued charges and deferred income | 492/3 | €24 | €44 | +€20 | +83.3% |
| Remuneration, social security and pensions | 62 | €49,548 | €55,996 | +€6,448 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,053 | €4,601 | +€548 | +13.5% |
| Other operating charges | 640/8 | €1,790 | €1,970 | +€180 | +10.1% |
| Non-recurring operating charges | 66A | €692 | - | -€692 | |
| Gross operating margin | 9900 | €75,853 | €81,853 | +€6,000 | +7.9% |
| Operating profit (loss) | 9901 | €19,770 | €19,286 | -€484 | -2.4% |
| Financial income | 75/76B | - | €215 | +€215 | |
| Recurring financial income | 75 | - | €215 | +€215 | |
| Financial charges | 65/66B | €10,137 | €8,509 | -€1,628 | -16.1% |
| Recurring financial charges | 65 | €10,137 | €8,509 | -€1,628 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €9,633 | €10,992 | +€1,359 | +14.1% |
| Income taxes | 67/77 | €4,428 | €4,446 | +€18 | +0.4% |
| Profit (loss) for the period | 9904 | €5,205 | €6,546 | +€1,341 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,205 | €6,546 | +€1,341 | +25.8% |
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 26 October 2026 via checked.be.