INNOV4U: 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.
What changed
INNOV4U
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€121,216
2024 · €93,369+€27,847
Equity
€681,230
2024 · €1.2m-€478,784
Cash
€85,044
2024 · €187,264-€102,220
Balance sheet total
€1.3m
2024 · €1.4m-€99,193
Largest movements
Assets
- Cash -€102,220
down €102,220 (-54.6%), from €187,264 to €85,044
mainly Contributions, distributions and other (-€600,000) and Investment in fixed assets (net) (-€18,574)
- Receivables after one year -€24,268
down €24,268 (-70.8%), from €34,268 to €10,000
Equity and liabilities
- Profit (loss) carried forward -€478,784
down €478,784 (-72.2%), from €663,015 to €184,230
- Other debts +€332,437
up €332,437 (+957%), from €34,755 to €367,191
- Tax, wage and social debts +€56,933
up €56,933 (+843%), from €6,750 to €63,683
Income statement
- Financial income +€14,482
up €14,482 (+782%), from €1,851 to €16,333
- Gross operating margin +€13,692
up €13,692 (+7.4%), from €184,490 to €198,182
- Taxes +€6,213
up €6,213 (+17.5%), from €35,436 to €41,649
- Provisions -€5,795
down €5,795 (-82.4%), from €7,032 to €1,238
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.
Result 2024
€93,369
Gross operating margin
+€13,692
Depreciation
-€1,482
Provisions
+€5,795
Other operating charges
+€89
Financial income
+€14,482
Financial charges
+€1,485
Taxes
-€6,213
Result 2025
€121,216
raises the resultlowers the result
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.
From operations
+€529,495
Investment
-€23,424
Financing
-€608,291
Cash 2024
€187,264
From operations (derived)
+€529,495
Net result for the year
+€121,216
Depreciation
+€7,220
Receivables after one year
+€24,268
Receivables within one year
-€10,917
Smaller working-capital items
+€1,064
Trade debts
-€2,725
Tax, wage and social debts
+€56,933
Other debts
+€332,437
Investment (derived)
-€23,424
Investment in fixed assets (net)
-€18,574
Current investments
-€4,850
Financing
-€608,291
Debts after one year
-€8,985
Current portion of long-term debt
+€278
Short-term financial debts
+€416
Contributions, distributions and other
-€600,000
Cash 2025
€85,044
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,379,202 | €1,280,009 | -€99,193 | -7.2% |
| Fixed assets | 21/28 | €663,823 | €675,176 | +€11,354 | +1.7% |
| Tangible fixed assets | 22/27 | €206,872 | €218,225 | +€11,354 | +5.5% |
| Land and buildings | 22 | €205,133 | €217,069 | +€11,937 | +5.8% |
| Furniture and vehicles | 24 | €1,739 | €1,156 | -€583 | -33.5% |
| Financial fixed assets | 28 | €456,951 | €456,951 | = | 0.0% |
| Current assets | 29/58 | €715,379 | €604,832 | -€110,547 | -15.5% |
| Amounts receivable after more than one year | 29 | €34,268 | €10,000 | -€24,268 | -70.8% |
| Other amounts receivable | 291 | €34,268 | €10,000 | -€24,268 | -70.8% |
| Amounts receivable within one year | 40/41 | €75,649 | €86,566 | +€10,917 | +14.4% |
| Trade receivables | 40 | €63,402 | €64,353 | +€951 | +1.5% |
| Other amounts receivable | 41 | €12,247 | €22,214 | +€9,966 | +81.4% |
| Current investments | 50/53 | €417,042 | €421,892 | +€4,850 | +1.2% |
| Cash at bank and in hand | 54/58 | €187,264 | €85,044 | -€102,220 | -54.6% |
| Deferred charges and accrued income | 490/1 | €1,156 | €1,329 | +€174 | +15.0% |
| Total equity and liabilities | 10/49 | €1,379,202 | €1,280,009 | -€99,193 | -7.2% |
| Equity | 10/15 | €1,160,015 | €681,230 | -€478,784 | -41.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €477,000 | €477,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €475,000 | €475,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €663,015 | €184,230 | -€478,784 | -72.2% |
| Provisions and deferred taxes | 16 | €35,231 | €36,469 | +€1,238 | +3.5% |
| Provisions for liabilities and charges | 160/5 | €35,231 | €36,469 | +€1,238 | +3.5% |
| Other liabilities and charges | 164/5 | €35,231 | €36,469 | +€1,238 | +3.5% |
| Amounts payable | 17/49 | €183,956 | €562,309 | +€378,354 | +206% |
| Amounts payable after more than one year | 17 | €131,019 | €122,034 | -€8,985 | -6.9% |
| Financial debts | 170/4 | €131,019 | €122,034 | -€8,985 | -6.9% |
| Amounts payable within one year | 42/48 | €52,937 | €440,275 | +€387,339 | +732% |
| Current portion of amounts payable after more than one year | 42 | €8,707 | €8,985 | +€278 | +3.2% |
| Financial debts | 43 | - | €416 | +€416 | |
| Credit institutions | 430/8 | - | €416 | +€416 | |
| Trade debts | 44 | €2,725 | - | -€2,725 | |
| Suppliers | 440/4 | €2,725 | - | -€2,725 | |
| Taxes, remuneration and social security | 45 | €6,750 | €63,683 | +€56,933 | +843% |
| Taxes | 450/3 | €6,750 | €63,683 | +€56,933 | +843% |
| Other amounts payable | 47/48 | €34,755 | €367,191 | +€332,437 | +957% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,737 | €7,220 | +€1,482 | +25.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,032 | €1,238 | -€5,795 | -82.4% |
| Other operating charges | 640/8 | €2,231 | €2,142 | -€89 | -4.0% |
| Gross operating margin | 9900 | €184,490 | €198,182 | +€13,692 | +7.4% |
| Operating profit (loss) | 9901 | €169,489 | €187,583 | +€18,094 | +10.7% |
| Financial income | 75/76B | €1,851 | €16,333 | +€14,482 | +782% |
| Recurring financial income | 75 | €1,851 | €16,333 | +€14,482 | +782% |
| Financial charges | 65/66B | €42,536 | €41,051 | -€1,485 | -3.5% |
| Recurring financial charges | 65 | €42,536 | €41,051 | -€1,485 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €128,805 | €162,865 | +€34,060 | +26.4% |
| Income taxes | 67/77 | €35,436 | €41,649 | +€6,213 | +17.5% |
| Profit (loss) for the period | 9904 | €93,369 | €121,216 | +€27,847 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,369 | €121,216 | +€27,847 | +29.8% |
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 18 October 2026 via checked.be.