INNOVA+: 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.
INNOVA+
Largest movements
- Cash -€60,458
down €60,458 (-66.7%), from €90,624 to €30,165
mainly Contributions, distributions and other (-€37,586) and Other debts (-€27,578)
- Receivables within one year +€27,187
up €27,187 (+51.2%), from €53,047 to €80,234
of which Other amounts receivable: +€13,726
- Intangible fixed assets -€13,000
down €13,000 (-33.3%), from €39,000 to €26,000
- Deferred charges and accrued income -€10,296
down €10,296 (-93.3%), from €11,041 to €745
- Current investments +€8,000
new in 2025: €8,000
- Other debts -€27,578
down €27,578 (-32.0%), from €86,071 to €58,493
- Tax, wage and social debts -€14,434
down €14,434 (-53.7%), from €26,878 to €12,444
- Debts after one year -€9,120
down €9,120 (-66.2%), from €13,767 to €4,648
- Gross operating margin -€61,700
down €61,700 (-40.0%), from €154,177 to €92,476
- Taxes -€12,122
down €12,122 (-54.7%), from €22,164 to €10,043
- Financial charges -€3,506
down €3,506 (-10.6%), from €33,001 to €29,495
- Provisions +€1,705
up €1,705, from -€514 to €1,191
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.
Cash bridge derived
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 | €195,076 | €145,754 | -€49,323 | -25.3% |
| Fixed assets | 21/28 | €40,364 | €26,610 | -€13,754 | -34.1% |
| Intangible fixed assets | 21 | €39,000 | €26,000 | -€13,000 | -33.3% |
| Tangible fixed assets | 22/27 | €1,364 | €610 | -€754 | -55.3% |
| Plant, machinery and equipment | 23 | €704 | €285 | -€419 | -59.5% |
| Furniture and vehicles | 24 | €660 | €324 | -€335 | -50.8% |
| Current assets | 29/58 | €154,712 | €119,144 | -€35,568 | -23.0% |
| Amounts receivable within one year | 40/41 | €53,047 | €80,234 | +€27,187 | +51.2% |
| Trade receivables | 40 | €25,911 | €39,371 | +€13,460 | +51.9% |
| Other amounts receivable | 41 | €27,136 | €40,863 | +€13,726 | +50.6% |
| Current investments | 50/53 | - | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €90,624 | €30,165 | -€60,458 | -66.7% |
| Deferred charges and accrued income | 490/1 | €11,041 | €745 | -€10,296 | -93.3% |
| Total equity and liabilities | 10/49 | €195,076 | €145,754 | -€49,323 | -25.3% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €28,180 | €29,370 | +€1,191 | +4.2% |
| Provisions for liabilities and charges | 160/5 | €28,180 | €29,370 | +€1,191 | +4.2% |
| Other liabilities and charges | 164/5 | €28,180 | €29,370 | +€1,191 | +4.2% |
| Amounts payable | 17/49 | €146,437 | €95,923 | -€50,513 | -34.5% |
| Amounts payable after more than one year | 17 | €13,767 | €4,648 | -€9,120 | -66.2% |
| Financial debts | 170/4 | €13,767 | €4,648 | -€9,120 | -66.2% |
| Amounts payable within one year | 42/48 | €132,590 | €91,249 | -€41,342 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €8,892 | €9,120 | +€228 | +2.6% |
| Financial debts | 43 | €7,854 | €7,957 | +€103 | +1.3% |
| Credit institutions | 430/8 | €7,854 | €7,957 | +€103 | +1.3% |
| Trade debts | 44 | €2,896 | €3,235 | +€340 | +11.7% |
| Suppliers | 440/4 | €2,896 | €3,235 | +€340 | +11.7% |
| Taxes, remuneration and social security | 45 | €26,878 | €12,444 | -€14,434 | -53.7% |
| Taxes | 450/3 | €26,878 | €12,444 | -€14,434 | -53.7% |
| Other amounts payable | 47/48 | €86,071 | €58,493 | -€27,578 | -32.0% |
| Accrued charges and deferred income | 492/3 | €79 | €27 | -€51 | -65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,392 | €13,754 | -€638 | -4.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€514 | €1,191 | +€1,705 | |
| Other operating charges | 640/8 | €387 | €412 | +€24 | +6.3% |
| Gross operating margin | 9900 | €154,177 | €92,476 | -€61,700 | -40.0% |
| Operating profit (loss) | 9901 | €139,912 | €77,120 | -€62,792 | -44.9% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €33,001 | €29,495 | -€3,506 | -10.6% |
| Recurring financial charges | 65 | €33,001 | €29,495 | -€3,506 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €106,911 | €47,629 | -€59,282 | -55.4% |
| Income taxes | 67/77 | €22,164 | €10,043 | -€12,122 | -54.7% |
| Profit (loss) for the period | 9904 | €84,746 | €37,586 | -€47,160 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,746 | €37,586 | -€47,160 | -55.6% |
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 10 October 2026 via checked.be.