INNOVALION: 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.
INNOVALION
Largest movements
- Cash +€20,889
up €20,889 (+24.5%), from €85,137 to €106,026
mainly Net result for the year (+€58,127) and Receivables within one year (+€18,625)
- Receivables within one year -€18,625
down €18,625 (-65.7%), from €28,355 to €9,730
of which Trade receivables: -€19,686
- Tangible fixed assets -€2,449
down €2,449 (-50.9%), from €4,814 to €2,365
- Financial fixed assets -€2,140
down €2,140 (-4.1%), from €51,965 to €49,825
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€16,603
down €16,603 (-16.4%), from €101,406 to €84,803
- Turnover -€9,593
down €9,593 (-5.0%), from €191,443 to €181,850
- Purchases and services +€7,070
up €7,070 (+7.8%), from €90,521 to €97,592
- Financial charges -€4,701
down €4,701 (-67.0%), from €7,020 to €2,319
of which Financial charges: -€6,841
- Taxes -€2,461
down €2,461 (-10.4%), from €23,676 to €21,215
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 | €206,686 | €204,046 | -€2,641 | -1.3% |
| Fixed assets | 21/28 | €56,779 | €52,190 | -€4,589 | -8.1% |
| Tangible fixed assets | 22/27 | €4,814 | €2,365 | -€2,449 | -50.9% |
| Furniture and vehicles | 24 | €4,814 | €2,365 | -€2,449 | -50.9% |
| Financial fixed assets | 28 | €51,965 | €49,825 | -€2,140 | -4.1% |
| Current assets | 29/58 | €149,908 | €151,856 | +€1,948 | +1.3% |
| Amounts receivable after more than one year | 29 | €33,909 | €35,109 | +€1,200 | +3.5% |
| Other amounts receivable | 291 | €33,909 | €35,109 | +€1,200 | +3.5% |
| Amounts receivable within one year | 40/41 | €28,355 | €9,730 | -€18,625 | -65.7% |
| Trade receivables | 40 | €19,686 | - | -€19,686 | |
| Other amounts receivable | 41 | €8,669 | €9,730 | +€1,061 | +12.2% |
| Cash at bank and in hand | 54/58 | €85,137 | €106,026 | +€20,889 | +24.5% |
| Deferred charges and accrued income | 490/1 | €2,507 | €991 | -€1,516 | -60.5% |
| Total equity and liabilities | 10/49 | €206,686 | €204,046 | -€2,641 | -1.3% |
| Equity | 10/15 | €10,152 | €10,000 | -€152 | -1.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152 | - | -€152 | |
| Amounts payable | 17/49 | €196,535 | €194,046 | -€2,489 | -1.3% |
| Amounts payable within one year | 42/48 | €196,535 | €194,046 | -€2,489 | -1.3% |
| Trade debts | 44 | €1,239 | €588 | -€651 | -52.6% |
| Suppliers | 440/4 | €1,239 | €588 | -€651 | -52.6% |
| Taxes, remuneration and social security | 45 | €19,832 | €17,789 | -€2,043 | -10.3% |
| Taxes | 450/3 | €19,832 | €17,789 | -€2,043 | -10.3% |
| Other amounts payable | 47/48 | €175,464 | €175,669 | +€205 | +0.1% |
| Turnover | 70 | €191,443 | €181,850 | -€9,593 | -5.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €90,521 | €97,592 | +€7,070 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,771 | €3,536 | -€235 | -6.2% |
| Other operating charges | 640/8 | €11 | €806 | +€795 | +7,103% |
| Gross operating margin | 9900 | €101,406 | €84,803 | -€16,603 | -16.4% |
| Operating profit (loss) | 9901 | €97,624 | €80,461 | -€17,163 | -17.6% |
| Financial income | 75/76B | €1,200 | €1,200 | = | 0.0% |
| Recurring financial income | 75 | €1,200 | €1,200 | = | 0.0% |
| Financial charges | 65/66B | €7,020 | €2,319 | -€4,701 | -67.0% |
| Recurring financial charges | 65 | €7,020 | €180 | -€6,841 | -97.4% |
| Non-recurring financial charges | 66B | - | €2,140 | +€2,140 | |
| Profit (loss) for the period before taxes | 9903 | €91,804 | €79,342 | -€12,462 | -13.6% |
| Income taxes | 67/77 | €23,676 | €21,215 | -€2,461 | -10.4% |
| Profit (loss) for the period | 9904 | €68,128 | €58,127 | -€10,001 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,128 | €58,127 | -€10,001 | -14.7% |
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 1 November 2026 via checked.be.