InnovaQ: 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.
InnovaQ
Largest movements
- Receivables within one year +€54,068
up €54,068 (+21.6%), from €250,016 to €304,085
of which Other amounts receivable: +€38,177
- Cash -€47,125
down €47,125 (-59.6%), from €79,062 to €31,937
mainly Receivables within one year (-€54,068) and Net result for the year (-€26,251)
- Tangible fixed assets -€6,333
down €6,333 (-60.6%), from €10,442 to €4,110
of which Furniture and vehicles: -€7,351
- Trade debts +€36,504
up €36,504 (+124%), from €29,460 to €65,964
- Reserves -€26,251
down €26,251 (-9.3%), from €282,618 to €256,367
- Tax, wage and social debts -€9,259
down €9,259 (-33.1%), from €27,943 to €18,684
of which Taxes: -€13,152
- Staff costs -€83,351
down €83,351 (-63.8%), from €130,722 to €47,371
- Financial charges -€34,712
down €34,712 (-94.9%), from €36,576 to €1,864
- Financial income -€5,624
down €5,624 (-28.1%), from €19,993 to €14,369
- Depreciation -€4,703
down €4,703 (-71.4%), from €6,584 to €1,880
- Gross operating margin -€4,614
down €4,614 (-7.6%), from €60,517 to €55,903
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 | €341,021 | €342,015 | +€994 | +0.3% |
| Fixed assets | 21/28 | €10,442 | €4,110 | -€6,333 | -60.6% |
| Tangible fixed assets | 22/27 | €10,442 | €4,110 | -€6,333 | -60.6% |
| Plant, machinery and equipment | 23 | €1,331 | €2,350 | +€1,019 | +76.5% |
| Furniture and vehicles | 24 | €9,111 | €1,760 | -€7,351 | -80.7% |
| Current assets | 29/58 | €330,578 | €337,905 | +€7,327 | +2.2% |
| Amounts receivable within one year | 40/41 | €250,016 | €304,085 | +€54,068 | +21.6% |
| Trade receivables | 40 | €4,710 | €20,601 | +€15,891 | +337% |
| Other amounts receivable | 41 | €245,307 | €283,484 | +€38,177 | +15.6% |
| Cash at bank and in hand | 54/58 | €79,062 | €31,937 | -€47,125 | -59.6% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,883 | +€383 | +25.6% |
| Total equity and liabilities | 10/49 | €341,021 | €342,015 | +€994 | +0.3% |
| Equity | 10/15 | €283,618 | €257,367 | -€26,251 | -9.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €282,618 | €256,367 | -€26,251 | -9.3% |
| Distributable reserves | 133 | €282,618 | €256,367 | -€26,251 | -9.3% |
| Amounts payable | 17/49 | €57,403 | €84,648 | +€27,245 | +47.5% |
| Amounts payable within one year | 42/48 | €57,403 | €84,648 | +€27,245 | +47.5% |
| Trade debts | 44 | €29,460 | €65,964 | +€36,504 | +124% |
| Suppliers | 440/4 | €29,460 | €65,964 | +€36,504 | +124% |
| Taxes, remuneration and social security | 45 | €27,943 | €18,684 | -€9,259 | -33.1% |
| Taxes | 450/3 | €16,216 | €3,064 | -€13,152 | -81.1% |
| Remuneration and social security | 454/9 | €11,727 | €15,620 | +€3,893 | +33.2% |
| Remuneration, social security and pensions | 62 | €130,722 | €47,371 | -€83,351 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,584 | €1,880 | -€4,703 | -71.4% |
| Other operating charges | 640/8 | €45,224 | €45,407 | +€184 | +0.4% |
| Gross operating margin | 9900 | €60,517 | €55,903 | -€4,614 | -7.6% |
| Operating profit (loss) | 9901 | -€122,012 | -€38,755 | +€83,257 | +68.2% |
| Financial income | 75/76B | €19,993 | €14,369 | -€5,624 | -28.1% |
| Recurring financial income | 75 | €19,993 | €14,369 | -€5,624 | -28.1% |
| Financial charges | 65/66B | €36,576 | €1,864 | -€34,712 | -94.9% |
| Recurring financial charges | 65 | €36,576 | €1,864 | -€34,712 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | -€138,595 | -€26,251 | +€112,344 | +81.1% |
| Income taxes | 67/77 | €710 | - | -€710 | |
| Profit (loss) for the period | 9904 | -€139,305 | -€26,251 | +€113,054 | +81.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,305 | -€26,251 | +€113,054 | +81.2% |
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 28 October 2026 via checked.be.