INNOVARTO: 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.
INNOVARTO
Largest movements
- Cash -€67,957
down €67,957 (-58.3%), from €116,655 to €48,698
mainly Contributions, distributions and other (-€115,000) and Smaller working-capital items (-€19)
- Reserves -€78,059
down €78,059 (-67.8%), from €115,124 to €37,065
- Tax, wage and social debts +€9,382
up €9,382 (+107%), from €8,796 to €18,178
- Gross operating margin +€17,279
up €17,279 (+50.4%), from €34,303 to €51,582
- Taxes +€7,176
up €7,176 (+103%), from €6,985 to €14,161
- Other operating charges -€538
down €538 (-80.8%), from €666 to €128
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 | €130,725 | €62,390 | -€68,335 | -52.3% |
| Fixed assets | 21/28 | €4,146 | €3,853 | -€293 | -7.1% |
| Tangible fixed assets | 22/27 | €4,056 | €3,763 | -€293 | -7.2% |
| Plant, machinery and equipment | 23 | €1,781 | - | -€1,781 | |
| Furniture and vehicles | 24 | €2,276 | €3,763 | +€1,487 | +65.4% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €126,579 | €58,537 | -€68,042 | -53.8% |
| Amounts receivable within one year | 40/41 | €9,923 | €9,839 | -€84 | -0.9% |
| Trade receivables | 40 | €9,438 | €9,523 | +€85 | +0.9% |
| Other amounts receivable | 41 | €485 | €316 | -€169 | -34.9% |
| Cash at bank and in hand | 54/58 | €116,655 | €48,698 | -€67,957 | -58.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €130,725 | €62,390 | -€68,335 | -52.3% |
| Equity | 10/15 | €121,324 | €43,265 | -€78,059 | -64.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €115,124 | €37,065 | -€78,059 | -67.8% |
| Distributable reserves | 133 | €115,124 | €37,065 | -€78,059 | -67.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,401 | €19,125 | +€9,724 | +103% |
| Amounts payable within one year | 42/48 | €9,401 | €19,125 | +€9,724 | +103% |
| Trade debts | 44 | €464 | €910 | +€446 | +96.2% |
| Suppliers | 440/4 | €464 | €910 | +€446 | +96.2% |
| Taxes, remuneration and social security | 45 | €8,796 | €18,178 | +€9,382 | +107% |
| Taxes | 450/3 | €8,796 | €18,178 | +€9,382 | +107% |
| Other amounts payable | 47/48 | €141 | €37 | -€104 | -73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €779 | €293 | -€486 | -62.4% |
| Other operating charges | 640/8 | €666 | €128 | -€538 | -80.8% |
| Gross operating margin | 9900 | €34,303 | €51,582 | +€17,279 | +50.4% |
| Operating profit (loss) | 9901 | €32,858 | €51,161 | +€18,303 | +55.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €54 | €60 | +€6 | +11.0% |
| Recurring financial charges | 65 | €54 | €60 | +€6 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €32,804 | €51,102 | +€18,298 | +55.8% |
| Income taxes | 67/77 | €6,985 | €14,161 | +€7,176 | +103% |
| Profit (loss) for the period | 9904 | €25,819 | €36,941 | +€11,122 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,819 | €36,941 | +€11,122 | +43.1% |
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.