INNOVACE: what changed
Two fiscal 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.
INNOVACE
Largest movements
- Financial fixed assets +€214,000
up €214,000 (+2830.7%), from €7,560 to €221,560
- Cash +€149,696
up €149,696 (+287.8%), from €52,007 to €201,703
mainly Net result for the year (+€209,192) and Debts after one year (+€145,452)
- Receivables within one year +€10,609
new in 2025: €10,609
- Profit (loss) carried forward +€209,192
up €209,192 (+150.5%), from €138,962 to €348,154
- Debts after one year +€145,452
new in 2025: €145,452
- Current portion of long-term debt +€25,699
new in 2025: €25,699
- Gross operating margin +€94,922
up €94,922 (+50.0%), from €189,661 to €284,583
- Taxes +€23,569
up €23,569 (+49.0%), from €48,090 to €71,660
- Financial charges +€5,573
up €5,573 (+3753.0%), from €149 to €5,722
- Financial income +€3,676
new in 2025: €3,676
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 | €149,780 | €532,200 | +€382,420 | +255.3% |
| Fixed assets | 21/28 | €7,560 | €222,794 | +€215,234 | +2847.0% |
| Tangible fixed assets | 22/27 | - | €1,234 | +€1,234 | |
| Furniture and vehicles | 24 | - | €1,234 | +€1,234 | |
| Financial fixed assets | 28 | €7,560 | €221,560 | +€214,000 | +2830.7% |
| Current assets | 29/58 | €142,220 | €309,405 | +€167,186 | +117.6% |
| Amounts receivable after more than one year | 29 | €66,000 | €69,676 | +€3,676 | +5.6% |
| Other amounts receivable | 291 | €66,000 | €69,676 | +€3,676 | +5.6% |
| Amounts receivable within one year | 40/41 | - | €10,609 | +€10,609 | |
| Other amounts receivable | 41 | - | €10,609 | +€10,609 | |
| Cash at bank and in hand | 54/58 | €52,007 | €201,703 | +€149,696 | +287.8% |
| Deferred charges and accrued income | 490/1 | €24,212 | €27,417 | +€3,204 | +13.2% |
| Total equity and liabilities | 10/49 | €149,780 | €532,200 | +€382,420 | +255.3% |
| Equity | 10/15 | €140,962 | €350,154 | +€209,192 | +148.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,962 | €348,154 | +€209,192 | +150.5% |
| Amounts payable | 17/49 | €8,818 | €182,046 | +€173,228 | +1964.5% |
| Amounts payable after more than one year | 17 | - | €145,452 | +€145,452 | |
| Financial debts | 170/4 | - | €145,452 | +€145,452 | |
| Amounts payable within one year | 42/48 | €8,818 | €36,594 | +€27,776 | +315.0% |
| Current portion of amounts payable after more than one year | 42 | - | €25,699 | +€25,699 | |
| Trade debts | 44 | €285 | €4,235 | +€3,950 | +1388.2% |
| Suppliers | 440/4 | €285 | €4,235 | +€3,950 | +1388.2% |
| Taxes, remuneration and social security | 45 | €8,090 | €6,660 | -€1,431 | -17.7% |
| Taxes | 450/3 | €8,090 | €6,660 | -€1,431 | -17.7% |
| Other amounts payable | 47/48 | €443 | €0 | -€443 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €113 | +€113 | |
| Other operating charges | 640/8 | €2,461 | €1,573 | -€888 | -36.1% |
| Gross operating margin | 9900 | €189,661 | €284,583 | +€94,922 | +50.0% |
| Operating profit (loss) | 9901 | €187,200 | €282,897 | +€95,697 | +51.1% |
| Financial income | 75/76B | - | €3,676 | +€3,676 | |
| Recurring financial income | 75 | - | €3,676 | +€3,676 | |
| Financial charges | 65/66B | €149 | €5,722 | +€5,573 | +3753.0% |
| Recurring financial charges | 65 | €149 | €5,722 | +€5,573 | +3753.0% |
| Profit (loss) for the period before taxes | 9903 | €187,052 | €280,852 | +€93,800 | +50.1% |
| Income taxes | 67/77 | €48,090 | €71,660 | +€23,569 | +49.0% |
| Profit (loss) for the period | 9904 | €138,962 | €209,192 | +€70,231 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €138,962 | €209,192 | +€70,231 | +50.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.