InnovArts: 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.
InnovArts
Largest movements
- Current investments +€2.6m
up €2.6m (+174%), from €1.5m to €4.0m
- Tangible fixed assets +€1.8m
up €1.8m (+646%), from €272,601 to €2.0m
of which Land and buildings: +€1.8m
- Financial fixed assets -€604,446
no longer reported in 2026 (was €604,446)
- Cash +€145,673
up €145,673 (+488%), from €29,835 to €175,508
mainly Net result for the year (+€3.5m) and Debts after one year (+€693,037)
- Reserves +€2.8m
up €2.8m (+136%), from €2.1m to €4.9m
- Debts after one year +€693,037
up €693,037 (+263%), from €263,926 to €956,963
of which Financial debts: +€693,037
- Other debts +€279,387
up €279,387 (+1,355%), from €20,613 to €300,000
- Financial income +€3.2m
up €3.2m (+799%), from €401,999 to €3.6m
- Gross operating margin -€158,038
down €158,038 (-67.9%), from €232,630 to €74,593
- Financial charges -€74,415
down €74,415 (-59.0%), from €126,196 to €51,781
- Taxes +€58,082
up €58,082 (+136%), from €42,585 to €100,667
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,434,553 | €6,285,948 | +€3.9m | +158% |
| Fixed assets | 21/28 | €877,047 | €2,033,840 | +€1.2m | +132% |
| Tangible fixed assets | 22/27 | €272,601 | €2,033,840 | +€1.8m | +646% |
| Land and buildings | 22 | €130,097 | €1,917,608 | +€1.8m | +1,374% |
| Plant, machinery and equipment | 23 | €8,192 | €25,641 | +€17,449 | +213% |
| Furniture and vehicles | 24 | €134,312 | €90,591 | -€43,722 | -32.6% |
| Financial fixed assets | 28 | €604,446 | - | -€604,446 | |
| Current assets | 29/58 | €1,557,506 | €4,252,108 | +€2.7m | +173% |
| Amounts receivable within one year | 40/41 | €55,813 | €48,806 | -€7,007 | -12.6% |
| Trade receivables | 40 | €43,322 | - | -€43,322 | |
| Other amounts receivable | 41 | €12,491 | €48,806 | +€36,315 | +291% |
| Current investments | 50/53 | €1,467,234 | €4,023,175 | +€2.6m | +174% |
| Cash at bank and in hand | 54/58 | €29,835 | €175,508 | +€145,673 | +488% |
| Deferred charges and accrued income | 490/1 | €4,623 | €4,620 | -€3 | -0.1% |
| Total equity and liabilities | 10/49 | €2,434,553 | €6,285,948 | +€3.9m | +158% |
| Equity | 10/15 | €2,088,796 | €4,899,547 | +€2.8m | +135% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,070,196 | €4,880,947 | +€2.8m | +136% |
| Distributable reserves | 133 | €2,070,196 | €4,880,947 | +€2.8m | +136% |
| Amounts payable | 17/49 | €345,757 | €1,386,402 | +€1.0m | +301% |
| Amounts payable after more than one year | 17 | €263,926 | €956,963 | +€693,037 | +263% |
| Financial debts | 170/4 | €63,926 | €756,963 | +€693,037 | +1,084% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €71,766 | €427,339 | +€355,573 | +495% |
| Current portion of amounts payable after more than one year | 42 | €31,963 | €59,626 | +€27,664 | +86.5% |
| Financial debts | 43 | - | €47 | +€47 | |
| Credit institutions | 430/8 | - | €47 | +€47 | |
| Trade debts | 44 | €2,552 | €3,152 | +€599 | +23.5% |
| Suppliers | 440/4 | €2,552 | €3,152 | +€599 | +23.5% |
| Taxes, remuneration and social security | 45 | €16,638 | €64,514 | +€47,876 | +288% |
| Taxes | 450/3 | €11,638 | €64,514 | +€52,876 | +454% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €20,613 | €300,000 | +€279,387 | +1,355% |
| Accrued charges and deferred income | 492/3 | €10,065 | €2,100 | -€7,965 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,219 | €44,130 | +€1,911 | +4.5% |
| Other operating charges | 640/8 | €1,234 | €1,471 | +€237 | +19.2% |
| Gross operating margin | 9900 | €232,630 | €74,593 | -€158,038 | -67.9% |
| Operating profit (loss) | 9901 | €189,177 | €28,992 | -€160,185 | -84.7% |
| Financial income | 75/76B | €401,999 | €3,612,207 | +€3.2m | +799% |
| Recurring financial income | 75 | €401,999 | €3,612,207 | +€3.2m | +799% |
| Financial charges | 65/66B | €126,196 | €51,781 | -€74,415 | -59.0% |
| Recurring financial charges | 65 | €126,196 | €51,781 | -€74,415 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €464,980 | €3,589,418 | +€3.1m | +672% |
| Income taxes | 67/77 | €42,585 | €100,667 | +€58,082 | +136% |
| Profit (loss) for the period | 9904 | €422,395 | €3,488,751 | +€3.1m | +726% |
| Profit (loss) for the period to be appropriated | 9905 | €422,395 | €3,488,751 | +€3.1m | +726% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.