INNOVARIO: 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.
INNOVARIO
Largest movements
- Cash -€30,139
down €30,139 (-18.6%), from €162,039 to €131,900
mainly Contributions, distributions and other (-€108,848) and Receivables within one year (-€20,111)
- Receivables within one year +€20,111
up €20,111 (+141%), from €14,280 to €34,391
- Reserves -€11,054
down €11,054 (-1.6%), from €713,159 to €702,105
- Financial income -€37,870
down €37,870 (-78.2%), from €48,400 to €10,530
of which Non-recurring financial income: -€35,258
- Gross operating margin +€5,710
up €5,710 (+4.0%), from €142,773 to €148,483
- Depreciation -€2,507
down €2,507 (-37.9%), from €6,606 to €4,099
- Taxes +€2,407
up €2,407 (+4.5%), from €54,030 to €56,437
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 | €760,304 | €745,941 | -€14,362 | -1.9% |
| Fixed assets | 21/28 | €4,230 | €131 | -€4,099 | -96.9% |
| Tangible fixed assets | 22/27 | €4,195 | €96 | -€4,099 | -97.7% |
| Plant, machinery and equipment | 23 | €65 | €0 | -€65 | -100% |
| Furniture and vehicles | 24 | €4,130 | €96 | -€4,034 | -97.7% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €756,073 | €745,810 | -€10,263 | -1.4% |
| Amounts receivable within one year | 40/41 | €14,280 | €34,391 | +€20,111 | +141% |
| Trade receivables | 40 | €14,280 | €34,391 | +€20,111 | +141% |
| Current investments | 50/53 | €575,366 | €577,974 | +€2,608 | +0.5% |
| Cash at bank and in hand | 54/58 | €162,039 | €131,900 | -€30,139 | -18.6% |
| Deferred charges and accrued income | 490/1 | €4,388 | €1,545 | -€2,844 | -64.8% |
| Total equity and liabilities | 10/49 | €760,304 | €745,941 | -€14,362 | -1.9% |
| Equity | 10/15 | €725,559 | €714,505 | -€11,054 | -1.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €713,159 | €702,105 | -€11,054 | -1.6% |
| Distributable reserves | 133 | €713,159 | €702,105 | -€11,054 | -1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,744 | €31,436 | -€3,308 | -9.5% |
| Amounts payable within one year | 42/48 | €34,669 | €31,435 | -€3,234 | -9.3% |
| Trade debts | 44 | €1,909 | €2,348 | +€439 | +23.0% |
| Suppliers | 440/4 | €1,909 | €2,348 | +€439 | +23.0% |
| Taxes, remuneration and social security | 45 | €31,896 | €28,229 | -€3,668 | -11.5% |
| Taxes | 450/3 | €25,309 | €24,914 | -€396 | -1.6% |
| Remuneration and social security | 454/9 | €6,587 | €3,315 | -€3,272 | -49.7% |
| Other amounts payable | 47/48 | €864 | €859 | -€6 | -0.7% |
| Accrued charges and deferred income | 492/3 | €75 | €1 | -€74 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,606 | €4,099 | -€2,507 | -37.9% |
| Other operating charges | 640/8 | €728 | €644 | -€84 | -11.5% |
| Gross operating margin | 9900 | €142,773 | €148,483 | +€5,710 | +4.0% |
| Operating profit (loss) | 9901 | €135,439 | €143,740 | +€8,301 | +6.1% |
| Financial income | 75/76B | €48,400 | €10,530 | -€37,870 | -78.2% |
| Recurring financial income | 75 | €13,142 | €10,530 | -€2,612 | -19.9% |
| Non-recurring financial income | 76B | €35,258 | €0 | -€35,258 | -100% |
| Financial charges | 65/66B | €287 | €40 | -€247 | -86.1% |
| Recurring financial charges | 65 | €287 | €40 | -€247 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €183,551 | €154,230 | -€29,321 | -16.0% |
| Income taxes | 67/77 | €54,030 | €56,437 | +€2,407 | +4.5% |
| Profit (loss) for the period | 9904 | €129,521 | €97,793 | -€31,728 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €129,521 | €97,793 | -€31,728 | -24.5% |
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 16 October 2026 via checked.be.