INNOVAR CONSTRUCT: 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.
INNOVAR CONSTRUCT
Largest movements
- Receivables within one year +€7,565
up €7,565 (+25.8%), from €29,359 to €36,925
of which Trade receivables: +€7,360
- Cash -€4,825
down €4,825 (-30.5%), from €15,800 to €10,975
mainly Receivables within one year (-€7,565) and Tax, wage and social debts (-€907)
- Profit (loss) carried forward +€2,899
up €2,899 (+8.2%), from -€35,187 to -€32,288
- Tax, wage and social debts -€907
down €907 (-97.5%), from €930 to €23
- Other debts +€777
up €777 (+122%), from €636 to €1,414
- Gross operating margin -€8,167
down €8,167 (-64.8%), from €12,613 to €4,445
- Taxes -€2,414
no longer reported in 2025 (was €2,414)
- Other operating charges -€1,160
down €1,160 (-56.1%), from €2,069 to €909
- Financial charges +€371
up €371 (+114%), from €326 to €697
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 | €45,581 | €48,274 | +€2,693 | +5.9% |
| Fixed assets | 21/28 | €375 | €375 | = | 0.0% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €45,206 | €47,899 | +€2,693 | +6.0% |
| Amounts receivable within one year | 40/41 | €29,359 | €36,925 | +€7,565 | +25.8% |
| Trade receivables | 40 | €29,139 | €36,499 | +€7,360 | +25.3% |
| Other amounts receivable | 41 | €220 | €425 | +€205 | +93.2% |
| Cash at bank and in hand | 54/58 | €15,800 | €10,975 | -€4,825 | -30.5% |
| Deferred charges and accrued income | 490/1 | €47 | - | -€47 | |
| Total equity and liabilities | 10/49 | €45,581 | €48,274 | +€2,693 | +5.9% |
| Equity | 10/15 | -€16,127 | -€13,228 | +€2,899 | +18.0% |
| Contributions | 10/11 | €9,060 | €9,060 | = | 0.0% |
| Contributions outside capital | 11 | €9,060 | €9,060 | = | 0.0% |
| Other | 1109/19 | €9,060 | €9,060 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,187 | -€32,288 | +€2,899 | +8.2% |
| Amounts payable | 17/49 | €61,708 | €61,502 | -€206 | -0.3% |
| Amounts payable within one year | 42/48 | €61,708 | €61,502 | -€206 | -0.3% |
| Financial debts | 43 | €173 | - | -€173 | |
| Credit institutions | 430/8 | €173 | - | -€173 | |
| Trade debts | 44 | €34,010 | €34,106 | +€96 | +0.3% |
| Suppliers | 440/4 | €34,010 | €34,106 | +€96 | +0.3% |
| Advances received on contracts in progress | 46 | €25,959 | €25,959 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €930 | €23 | -€907 | -97.5% |
| Taxes | 450/3 | €930 | €23 | -€907 | -97.5% |
| Other amounts payable | 47/48 | €636 | €1,414 | +€777 | +122% |
| Other operating charges | 640/8 | €2,069 | €909 | -€1,160 | -56.1% |
| Gross operating margin | 9900 | €12,613 | €4,445 | -€8,167 | -64.8% |
| Operating profit (loss) | 9901 | €10,544 | €3,536 | -€7,007 | -66.5% |
| Financial income | 75/76B | €1 | €60 | +€59 | +4,517% |
| Recurring financial income | 75 | €1 | €60 | +€59 | +4,517% |
| Financial charges | 65/66B | €326 | €697 | +€371 | +114% |
| Recurring financial charges | 65 | €326 | €697 | +€371 | +114% |
| Profit (loss) for the period before taxes | 9903 | €10,219 | €2,899 | -€7,320 | -71.6% |
| Income taxes | 67/77 | €2,414 | - | -€2,414 | |
| Profit (loss) for the period | 9904 | €7,805 | €2,899 | -€4,905 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,805 | €2,899 | -€4,905 | -62.9% |
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 17 October 2026 via checked.be.