INNOV TEX: 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 TEX
Largest movements
- Receivables within one year -€18,468
down €18,468 (-87.6%), from €21,080 to €2,612
- Cash -€3,778
down €3,778 (-51.0%), from €7,409 to €3,631
mainly Other debts (-€21,928) and Net result for the year (-€10,976)
- Tangible fixed assets -€1,577
down €1,577 (-28.8%), from €5,485 to €3,908
of which Plant, machinery and equipment: -€1,090
- Stocks and contracts -€957
down €957 (-24.6%), from €3,887 to €2,930
- Other debts -€21,928
down €21,928 (-76.9%), from €28,516 to €6,588
- Trade debts +€11,291
up €11,291 (+32.0%), from €35,234 to €46,526
- Profit (loss) carried forward -€10,976
down €10,976 (-21.3%), from -€51,420 to -€62,395
- Advances received -€3,000
no longer reported in 2024 (was €3,000)
- Turnover -€28,648
down €28,648 (-52.1%), from €55,007 to €26,359
- Purchases and services -€27,616
down €27,616 (-51.5%), from €53,599 to €25,983
- Staff costs -€3,569
down €3,569 (-29.9%), from €11,929 to €8,360
- Gross operating margin -€1,032
down €1,032 (-73.3%), from €1,408 to €376
- Depreciation +€740
up €740 (+88.5%), from €837 to €1,577
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 | €38,028 | €13,300 | -€24,728 | -65.0% |
| Fixed assets | 21/28 | €5,485 | €3,908 | -€1,577 | -28.8% |
| Tangible fixed assets | 22/27 | €5,485 | €3,908 | -€1,577 | -28.8% |
| Plant, machinery and equipment | 23 | €3,746 | €2,655 | -€1,090 | -29.1% |
| Furniture and vehicles | 24 | €197 | €20 | -€177 | -89.7% |
| Other tangible fixed assets | 26 | €1,542 | €1,232 | -€310 | -20.1% |
| Current assets | 29/58 | €32,543 | €9,393 | -€23,151 | -71.1% |
| Stocks and contracts in progress | 3 | €3,887 | €2,930 | -€957 | -24.6% |
| Stocks | 30/36 | €3,887 | €2,930 | -€957 | -24.6% |
| Amounts receivable within one year | 40/41 | €21,080 | €2,612 | -€18,468 | -87.6% |
| Trade receivables | 40 | €21,080 | €2,612 | -€18,468 | -87.6% |
| Cash at bank and in hand | 54/58 | €7,409 | €3,631 | -€3,778 | -51.0% |
| Deferred charges and accrued income | 490/1 | €168 | €220 | +€52 | +31.0% |
| Total equity and liabilities | 10/49 | €38,028 | €13,300 | -€24,728 | -65.0% |
| Equity | 10/15 | -€32,820 | -€43,795 | -€10,976 | -33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,420 | -€62,395 | -€10,976 | -21.3% |
| Amounts payable | 17/49 | €70,848 | €57,096 | -€13,752 | -19.4% |
| Amounts payable within one year | 42/48 | €70,848 | €57,096 | -€13,752 | -19.4% |
| Trade debts | 44 | €35,234 | €46,526 | +€11,291 | +32.0% |
| Suppliers | 440/4 | €35,234 | €46,526 | +€11,291 | +32.0% |
| Advances received on contracts in progress | 46 | €3,000 | - | -€3,000 | |
| Taxes, remuneration and social security | 45 | €4,097 | €3,982 | -€115 | -2.8% |
| Taxes | 450/3 | €2,196 | €2,983 | +€787 | +35.9% |
| Remuneration and social security | 454/9 | €1,902 | €1,000 | -€902 | -47.4% |
| Other amounts payable | 47/48 | €28,516 | €6,588 | -€21,928 | -76.9% |
| Turnover | 70 | €55,007 | €26,359 | -€28,648 | -52.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,599 | €25,983 | -€27,616 | -51.5% |
| Remuneration, social security and pensions | 62 | €11,929 | €8,360 | -€3,569 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €837 | €1,577 | +€740 | +88.5% |
| Other operating charges | 640/8 | €584 | €1,189 | +€605 | +104% |
| Gross operating margin | 9900 | €1,408 | €376 | -€1,032 | -73.3% |
| Operating profit (loss) | 9901 | -€11,941 | -€10,750 | +€1,191 | +10.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €304 | €265 | -€38 | -12.6% |
| Recurring financial charges | 65 | €304 | €265 | -€38 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,245 | -€11,016 | +€1,229 | +10.0% |
| Income taxes | 67/77 | €40 | -€40 | -€80 | |
| Profit (loss) for the period | 9904 | -€12,285 | -€10,976 | +€1,309 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,285 | -€10,976 | +€1,309 | +10.7% |
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 23 October 2026 via checked.be.