InnovaConsult: 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.
InnovaConsult
Largest movements
- Current investments -€60,000
down €60,000 (-18.8%), from €320,000 to €260,000
- Cash -€25,958
down €25,958 (-35.1%), from €73,852 to €47,894
mainly Contributions, distributions and other (-€233,075) and Investment in fixed assets (net) (-€8,023)
- Tangible fixed assets -€25,925
down €25,925 (-5.0%), from €523,197 to €497,272
of which Other tangible fixed assets: -€21,387
- Reserves -€135,307
down €135,307 (-17.2%), from €785,183 to €649,876
- Other debts +€19,224
up €19,224 (+102%), from €18,884 to €38,107
- Gross operating margin +€23,325
up €23,325 (+15.4%), from €151,361 to €174,685
- Taxes +€10,259
up €10,259 (+31.4%), from €32,647 to €42,905
- Other operating charges -€10,088
down €10,088 (-70.2%), from €14,372 to €4,284
- Financial income -€2,198
down €2,198 (-19.1%), from €11,535 to €9,337
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 | €950,564 | €830,995 | -€119,569 | -12.6% |
| Fixed assets | 21/28 | €523,392 | €497,467 | -€25,925 | -5.0% |
| Tangible fixed assets | 22/27 | €523,197 | €497,272 | -€25,925 | -5.0% |
| Land and buildings | 22 | €1,051 | €3,479 | +€2,427 | +231% |
| Plant, machinery and equipment | 23 | €4,532 | €7,371 | +€2,839 | +62.6% |
| Furniture and vehicles | 24 | €11,286 | €1,481 | -€9,805 | -86.9% |
| Other tangible fixed assets | 26 | €506,328 | €484,941 | -€21,387 | -4.2% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €427,172 | €333,528 | -€93,643 | -21.9% |
| Amounts receivable within one year | 40/41 | €29,512 | €22,942 | -€6,570 | -22.3% |
| Trade receivables | 40 | €21,519 | €21,811 | +€292 | +1.4% |
| Other amounts receivable | 41 | €7,993 | €1,131 | -€6,862 | -85.9% |
| Current investments | 50/53 | €320,000 | €260,000 | -€60,000 | -18.8% |
| Cash at bank and in hand | 54/58 | €73,852 | €47,894 | -€25,958 | -35.1% |
| Deferred charges and accrued income | 490/1 | €3,808 | €2,692 | -€1,116 | -29.3% |
| Total equity and liabilities | 10/49 | €950,564 | €830,995 | -€119,569 | -12.6% |
| Equity | 10/15 | €785,183 | €649,876 | -€135,307 | -17.2% |
| Reserves | 13 | €785,183 | €649,876 | -€135,307 | -17.2% |
| Distributable reserves | 133 | €785,183 | €649,876 | -€135,307 | -17.2% |
| Amounts payable | 17/49 | €165,381 | €181,119 | +€15,738 | +9.5% |
| Amounts payable after more than one year | 17 | €114,540 | €114,540 | = | 0.0% |
| Financial debts | 170/4 | €114,540 | €114,540 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,840 | €66,579 | +€15,738 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €10,460 | €10,460 | = | 0.0% |
| Trade debts | 44 | €6,948 | €3,064 | -€3,883 | -55.9% |
| Suppliers | 440/4 | €6,948 | €3,064 | -€3,883 | -55.9% |
| Taxes, remuneration and social security | 45 | €14,549 | €14,947 | +€398 | +2.7% |
| Taxes | 450/3 | €11,664 | €12,038 | +€374 | +3.2% |
| Remuneration and social security | 454/9 | €2,885 | €2,909 | +€24 | +0.8% |
| Other amounts payable | 47/48 | €18,884 | €38,107 | +€19,224 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,359 | €33,948 | -€411 | -1.2% |
| Other operating charges | 640/8 | €14,372 | €4,284 | -€10,088 | -70.2% |
| Gross operating margin | 9900 | €151,361 | €174,685 | +€23,325 | +15.4% |
| Operating profit (loss) | 9901 | €102,629 | €136,453 | +€33,824 | +33.0% |
| Financial income | 75/76B | €11,535 | €9,337 | -€2,198 | -19.1% |
| Recurring financial income | 75 | €11,535 | €9,337 | -€2,198 | -19.1% |
| Financial charges | 65/66B | €4,988 | €5,116 | +€128 | +2.6% |
| Recurring financial charges | 65 | €4,988 | €5,116 | +€128 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €109,176 | €140,674 | +€31,498 | +28.9% |
| Income taxes | 67/77 | €32,647 | €42,905 | +€10,259 | +31.4% |
| Profit (loss) for the period | 9904 | €76,529 | €97,768 | +€21,239 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,529 | €97,768 | +€21,239 | +27.8% |
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 20 October 2026 via checked.be.