Innovarex: 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.
Innovarex
Largest movements
- Cash +€50,286
up €50,286 (+102.3%), from €49,146 to €99,432
mainly Net result for the year (+€39,318) and Tax, wage and social debts (+€9,573)
- Receivables within one year -€3,515
down €3,515 (-11.4%), from €30,855 to €27,340
of which Trade receivables: -€18,515
- Tangible fixed assets +€1,626
up €1,626 (+29.2%), from €5,570 to €7,196
of which Furniture and vehicles: +€2,276
- Reserves +€39,318
up €39,318 (+65.1%), from €60,391 to €99,710
- Tax, wage and social debts +€9,573
up €9,573 (+40.8%), from €23,440 to €33,013
- Gross operating margin -€23,752
down €23,752 (-30.2%), from €78,579 to €54,827
- Taxes -€4,864
down €4,864 (-31.6%), from €15,372 to €10,508
- Depreciation +€1,185
up €1,185 (+199.3%), from €595 to €1,780
- Financial charges +€1,121
up €1,121 (+55.0%), from €2,039 to €3,160
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.
Cash bridge derived
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 | €88,188 | €136,668 | +€48,480 | +55.0% |
| Fixed assets | 21/28 | €5,570 | €7,196 | +€1,626 | +29.2% |
| Tangible fixed assets | 22/27 | €5,570 | €7,196 | +€1,626 | +29.2% |
| Plant, machinery and equipment | 23 | €2,869 | €2,219 | -€650 | -22.7% |
| Furniture and vehicles | 24 | €2,701 | €4,977 | +€2,276 | +84.3% |
| Current assets | 29/58 | €82,618 | €129,472 | +€46,854 | +56.7% |
| Amounts receivable within one year | 40/41 | €30,855 | €27,340 | -€3,515 | -11.4% |
| Trade receivables | 40 | €30,855 | €12,340 | -€18,515 | -60.0% |
| Other amounts receivable | 41 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €49,146 | €99,432 | +€50,286 | +102.3% |
| Deferred charges and accrued income | 490/1 | €2,617 | €2,701 | +€83 | +3.2% |
| Total equity and liabilities | 10/49 | €88,188 | €136,668 | +€48,480 | +55.0% |
| Equity | 10/15 | €63,391 | €102,710 | +€39,318 | +62.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,391 | €99,710 | +€39,318 | +65.1% |
| Distributable reserves | 133 | €60,391 | €99,710 | +€39,318 | +65.1% |
| Amounts payable | 17/49 | €24,797 | €33,958 | +€9,161 | +36.9% |
| Amounts payable within one year | 42/48 | €24,797 | €33,958 | +€9,161 | +36.9% |
| Financial debts | 43 | €331 | €19 | -€312 | -94.3% |
| Credit institutions | 430/8 | €331 | €19 | -€312 | -94.3% |
| Trade debts | 44 | €943 | €844 | -€99 | -10.5% |
| Suppliers | 440/4 | €943 | €844 | -€99 | -10.5% |
| Taxes, remuneration and social security | 45 | €23,440 | €33,013 | +€9,573 | +40.8% |
| Taxes | 450/3 | €23,440 | €33,013 | +€9,573 | +40.8% |
| Other amounts payable | 47/48 | €82 | €82 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €595 | €1,780 | +€1,185 | +199.3% |
| Other operating charges | 640/8 | €182 | €136 | -€46 | -25.1% |
| Gross operating margin | 9900 | €78,579 | €54,827 | -€23,752 | -30.2% |
| Operating profit (loss) | 9901 | €77,802 | €52,911 | -€24,891 | -32.0% |
| Financial income | 75/76B | - | €76 | +€76 | |
| Recurring financial income | 75 | - | €76 | +€76 | |
| Financial charges | 65/66B | €2,039 | €3,160 | +€1,121 | +55.0% |
| Recurring financial charges | 65 | €2,039 | €3,160 | +€1,121 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | €75,763 | €49,826 | -€25,937 | -34.2% |
| Income taxes | 67/77 | €15,372 | €10,508 | -€4,864 | -31.6% |
| Profit (loss) for the period | 9904 | €60,391 | €39,318 | -€21,073 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,391 | €39,318 | -€21,073 | -34.9% |
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 10 October 2026 via checked.be.