INNOVAFOOD: 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
INNOVAFOOD
NACE 46.389, Wholesale of other food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €897,024+€314,161
Equity
€6.3m
2024 · €5.1m+€1.2m
Cash
€336,514
2024 · €797,047-€460,533
Balance sheet total
€16.3m
2024 · €17.4m-€1.1m
Largest movements
Assets
- Stocks and contracts -€843,727
down €843,727 (-16.7%), from €5.0m to €4.2m
- Cash -€460,533
down €460,533 (-57.8%), from €797,047 to €336,514
mainly Trade debts (-€1.2m) and Debts after one year (-€698,515)
- Deferred charges and accrued income +€252,150
up €252,150 (+14.9%), from €1.7m to €1.9m
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+24.4%), from €5.0m to €6.2m
of which Distributable reserves: +€1.2m
- Trade debts -€1.2m
down €1.2m (-26.2%), from €4.4m to €3.3m
- Debts after one year -€698,515
down €698,515 (-31.8%), from €2.2m to €1.5m
- Current portion of long-term debt -€426,873
down €426,873 (-37.9%), from €1.1m to €699,540
Income statement
- Turnover +€2.6m
up €2.6m (+12.1%), from €21.9m to €24.5m
- Goods and materials +€1.6m
up €1.6m (+8.6%), from €18.6m to €20.2m
of which Change in stocks: decrease (increase): +€1.8m
- Services and other goods +€663,202
up €663,202 (+52.9%), from €1.3m to €1.9m
- Staff costs -€263,658
down €263,658 (-35.0%), from €752,865 to €489,207
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
€897,024
Turnover
+€2.6m
Other operating income
-€3,037
Goods and materials
-€1.6m
Services and other goods
-€663,202
Staff costs
+€263,658
Depreciation
+€677
Write-downs
+€51,826
Provisions
-€50,000
Other operating charges
+€3,177
Other operating items
-€70,395
Financial income
+€9,201
Financial charges
-€160,696
Taxes
-€103,416
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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
+€675,119
Investment
-€19,570
Financing
-€1.1m
Cash 2024
€797,047
From operations (derived)
+€675,119
Net result for the year
+€1.2m
Depreciation
+€37,370
Stocks and contracts
+€843,727
Smaller working-capital items
+€1,924
Deferred charges and accrued income
-€252,150
Trade debts
-€1.2m
Accrued charges and deferred income
-€13,854
Investment (derived)
-€19,570
Investment in fixed assets (net)
-€19,570
Financing
-€1.1m
Debts after one year
-€698,515
Current portion of long-term debt
-€426,873
Short-term financial debts
+€9,306
Cash 2025
€336,514
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,392,214 | €16,320,975 | -€1.1m | -6.2% |
| Fixed assets | 21/28 | €793,026 | €775,226 | -€17,800 | -2.2% |
| Tangible fixed assets | 22/27 | €770,636 | €752,836 | -€17,800 | -2.3% |
| Land and buildings | 22 | €744,659 | €716,936 | -€27,723 | -3.7% |
| Plant, machinery and equipment | 23 | €21,575 | €32,762 | +€11,187 | +51.9% |
| Furniture and vehicles | 24 | €2,677 | €2,103 | -€574 | -21.4% |
| Leasing and similar rights | 25 | €1,725 | €1,035 | -€690 | -40.0% |
| Financial fixed assets | 28 | €22,390 | €22,390 | = | 0.0% |
| Other financial fixed assets | 284/8 | €22,390 | €22,390 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €22,390 | €22,390 | = | 0.0% |
| Current assets | 29/58 | €16,599,188 | €15,545,750 | -€1.1m | -6.3% |
| Amounts receivable after more than one year | 29 | €5,040,155 | €5,040,155 | = | 0.0% |
| Other amounts receivable | 291 | €5,040,155 | €5,040,155 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,046,857 | €4,203,129 | -€843,727 | -16.7% |
| Stocks | 30/36 | €5,046,857 | €4,203,129 | -€843,727 | -16.7% |
| Goods purchased for resale | 34 | €5,046,857 | €4,203,129 | -€843,727 | -16.7% |
| Amounts receivable within one year | 40/41 | €4,023,818 | €4,022,490 | -€1,328 | 0.0% |
| Trade receivables | 40 | €3,371,932 | €3,343,679 | -€28,254 | -0.8% |
| Other amounts receivable | 41 | €651,886 | €678,811 | +€26,925 | +4.1% |
| Cash at bank and in hand | 54/58 | €797,047 | €336,514 | -€460,533 | -57.8% |
| Deferred charges and accrued income | 490/1 | €1,691,310 | €1,943,460 | +€252,150 | +14.9% |
| Total equity and liabilities | 10/49 | €17,392,214 | €16,320,975 | -€1.1m | -6.2% |
| Equity | 10/15 | €5,104,438 | €6,315,623 | +€1.2m | +23.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €4,954,438 | €6,165,623 | +€1.2m | +24.4% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €4,920,688 | €6,131,873 | +€1.2m | +24.6% |
| Amounts payable | 17/49 | €12,287,776 | €10,005,352 | -€2.3m | -18.6% |
| Amounts payable after more than one year | 17 | €2,198,391 | €1,499,876 | -€698,515 | -31.8% |
| Financial debts | 170/4 | €2,198,391 | €1,499,876 | -€698,515 | -31.8% |
| Credit institutions | 173 | €2,198,391 | €1,499,876 | -€698,515 | -31.8% |
| Amounts payable within one year | 42/48 | €10,012,970 | €8,442,916 | -€1.6m | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €1,126,413 | €699,540 | -€426,873 | -37.9% |
| Financial debts | 43 | €4,404,247 | €4,413,553 | +€9,306 | +0.2% |
| Credit institutions | 430/8 | €4,404,247 | €4,413,553 | +€9,306 | +0.2% |
| Trade debts | 44 | €4,406,851 | €3,253,768 | -€1.2m | -26.2% |
| Suppliers | 440/4 | €4,406,851 | €3,253,768 | -€1.2m | -26.2% |
| Taxes, remuneration and social security | 45 | €75,458 | €76,054 | +€596 | +0.8% |
| Taxes | 450/3 | €54,997 | €55,000 | +€3 | 0.0% |
| Remuneration and social security | 454/9 | €20,461 | €21,054 | +€593 | +2.9% |
| Accrued charges and deferred income | 492/3 | €76,415 | €62,560 | -€13,854 | -18.1% |
| Operating income | 70/76A | €21,918,061 | €24,527,241 | +€2.6m | +11.9% |
| Turnover | 70 | €21,870,678 | €24,509,577 | +€2.6m | +12.1% |
| Other operating income | 74 | €18,853 | €15,815 | -€3,037 | -16.1% |
| Non-recurring operating income | 76A | €28,531 | €1,848 | -€26,683 | -93.5% |
| Operating charges | 60/66A | €20,674,436 | €22,714,543 | +€2.0m | +9.9% |
| Goods for resale, raw materials and consumables | 60 | €18,608,740 | €20,211,271 | +€1.6m | +8.6% |
| Purchases | 600/8 | €19,598,529 | €19,367,544 | -€230,986 | -1.2% |
| Change in stocks: decrease (increase) | 609 | -€989,790 | €843,727 | +€1.8m | |
| Services and other goods | 61 | €1,254,199 | €1,917,401 | +€663,202 | +52.9% |
| Remuneration, social security and pensions | 62 | €752,865 | €489,207 | -€263,658 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,047 | €37,370 | -€677 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,826 | - | -€51,826 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€50,000 | - | +€50,000 | |
| Other operating charges | 640/8 | €18,759 | €15,582 | -€3,177 | -16.9% |
| Non-recurring operating charges | 66A | - | €43,712 | +€43,712 | |
| Operating profit (loss) | 9901 | €1,243,626 | €1,812,698 | +€569,072 | +45.8% |
| Financial income | 75/76B | €513,990 | €523,191 | +€9,201 | +1.8% |
| Recurring financial income | 75 | €513,990 | €523,191 | +€9,201 | +1.8% |
| Income from current assets | 751 | €346,655 | €274,279 | -€72,376 | -20.9% |
| Other financial income | 752/9 | €167,335 | €248,912 | +€81,577 | +48.8% |
| Financial charges | 65/66B | €552,591 | €713,287 | +€160,696 | +29.1% |
| Recurring financial charges | 65 | €552,591 | €713,287 | +€160,696 | +29.1% |
| Debt charges | 650 | €291,883 | €281,491 | -€10,392 | -3.6% |
| Other financial charges | 652/9 | €260,709 | €431,797 | +€171,088 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | €1,205,024 | €1,622,602 | +€417,577 | +34.7% |
| Income taxes | 67/77 | €308,000 | €411,416 | +€103,416 | +33.6% |
| Taxes | 670/3 | €308,000 | €411,416 | +€103,416 | +33.6% |
| Profit (loss) for the period | 9904 | €897,024 | €1,211,185 | +€314,161 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €897,024 | €1,211,185 | +€314,161 | +35.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.