Innov LM: 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 LM
Largest movements
- Receivables within one year +€34,974
up €34,974 (+127%), from €27,633 to €62,607
of which Trade receivables: +€23,974
- Cash -€20,480
down €20,480 (-95.5%), from €21,453 to €973
mainly Receivables within one year (-€34,974) and Net result for the year (-€9,990)
- Tangible fixed assets -€6,849
down €6,849 (-37.3%), from €18,371 to €11,522
- Trade debts +€13,923
up €13,923 (+33.1%), from €42,028 to €55,951
- Profit (loss) carried forward -€9,990
down €9,990, from €1,890 to -€8,100
- Other debts +€8,031
up €8,031 (+112%), from €7,179 to €15,210
- Current portion of long-term debt -€4,499
no longer reported in 2025 (was €4,499)
- Gross operating margin -€17,745
down €17,745, from €15,629 to -€2,115
- Taxes -€2,815
down €2,815 (-86.5%), from €3,254 to €440
- Other operating charges -€1,488
down €1,488 (-78.6%), from €1,894 to €405
- Financial charges -€370
down €370 (-65.4%), from €566 to €196
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 | €69,062 | €76,301 | +€7,239 | +10.5% |
| Fixed assets | 21/28 | €19,571 | €12,722 | -€6,849 | -35.0% |
| Tangible fixed assets | 22/27 | €18,371 | €11,522 | -€6,849 | -37.3% |
| Furniture and vehicles | 24 | €18,371 | €11,522 | -€6,849 | -37.3% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €49,491 | €63,580 | +€14,089 | +28.5% |
| Amounts receivable within one year | 40/41 | €27,633 | €62,607 | +€34,974 | +127% |
| Trade receivables | 40 | €27,633 | €51,607 | +€23,974 | +86.8% |
| Other amounts receivable | 41 | - | €11,000 | +€11,000 | |
| Cash at bank and in hand | 54/58 | €21,453 | €973 | -€20,480 | -95.5% |
| Deferred charges and accrued income | 490/1 | €405 | - | -€405 | |
| Total equity and liabilities | 10/49 | €69,062 | €76,301 | +€7,239 | +10.5% |
| Equity | 10/15 | €6,890 | -€3,100 | -€9,990 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,890 | -€8,100 | -€9,990 | |
| Amounts payable | 17/49 | €62,172 | €79,401 | +€17,229 | +27.7% |
| Amounts payable within one year | 42/48 | €62,172 | €79,401 | +€17,229 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €4,499 | - | -€4,499 | |
| Trade debts | 44 | €42,028 | €55,951 | +€13,923 | +33.1% |
| Suppliers | 440/4 | €42,028 | €55,951 | +€13,923 | +33.1% |
| Taxes, remuneration and social security | 45 | €8,466 | €8,240 | -€226 | -2.7% |
| Taxes | 450/3 | €8,466 | €8,240 | -€226 | -2.7% |
| Other amounts payable | 47/48 | €7,179 | €15,210 | +€8,031 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,849 | €6,849 | = | 0.0% |
| Other operating charges | 640/8 | €1,894 | €405 | -€1,488 | -78.6% |
| Gross operating margin | 9900 | €15,629 | -€2,115 | -€17,745 | |
| Operating profit (loss) | 9901 | €6,887 | -€9,370 | -€16,256 | |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €566 | €196 | -€370 | -65.4% |
| Recurring financial charges | 65 | €566 | €196 | -€370 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €6,321 | -€9,550 | -€15,871 | |
| Income taxes | 67/77 | €3,254 | €440 | -€2,815 | -86.5% |
| Profit (loss) for the period | 9904 | €3,066 | -€9,990 | -€13,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,066 | -€9,990 | -€13,056 |
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 25 October 2026 via checked.be.