Innovas Engineering: what changed
What changed
Innovas Engineering
NACE 62.200, Computer consultancy and computer facilities management
filed annual accounts (NBB)
Net result for the year
€22,388
2024 · €10,199+€12,189
Equity
€300,836
2024 · €278,448+€22,388
Cash
€17,622
2024 · €36,739-€19,117
Balance sheet total
€777,329
2024 · €471,199+€306,130
Largest movements
Assets
- Tangible fixed assets +€336,030
up €336,030 (+124%), from €270,918 to €606,948
of which Land and buildings: +€338,471
- Cash -€19,117
down €19,117 (-52.0%), from €36,739 to €17,622
mainly Investment in fixed assets (net) (-€369,650) and Current investments (-€5,000)
- Receivables within one year -€15,091
down €15,091 (-31.7%), from €47,531 to €32,440
of which Other amounts receivable: -€20,348
Equity and liabilities
- Debts after one year +€250,072
up €250,072 (+167%), from €150,007 to €400,079
- Profit (loss) carried forward +€22,388
up €22,388 (+8.2%), from €273,448 to €295,836
- Current portion of long-term debt +€18,325
up €18,325 (+124%), from €14,792 to €33,116
- Other debts +€16,926
up €16,926 (+257%), from €6,582 to €23,509
Income statement
- Gross operating margin +€13,497
up €13,497 (+20.5%), from €65,875 to €79,372
- Depreciation -€7,327
down €7,327 (-17.9%), from €40,947 to €33,620
- Taxes +€4,215
up €4,215 (+88.4%), from €4,770 to €8,985
- Financial charges +€4,107
up €4,107 (+43.8%), from €9,371 to €13,478
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,199
Gross operating margin
+€13,497
Depreciation
+€7,327
Other operating charges
-€488
Other operating items
+€184
Financial income
-€10
Financial charges
-€4,107
Taxes
-€4,215
Result 2025
€22,388
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€87,136
Investment
-€374,650
Financing
+€268,397
Cash 2024
€36,739
From operations (derived)
+€87,136
Net result for the year
+€22,388
Depreciation
+€33,620
Receivables within one year
+€15,091
Smaller working-capital items
+€1,549
Trade debts
-€4,349
Other debts
+€16,926
Accrued charges and deferred income
+€1,911
Investment (derived)
-€374,650
Investment in fixed assets (net)
-€369,650
Current investments
-€5,000
Financing
+€268,397
Debts after one year
+€250,072
Current portion of long-term debt
+€18,325
Cash 2025
€17,622
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €471,199 | €777,329 | +€306,130 | +65.0% |
| Fixed assets | 21/28 | €270,918 | €606,948 | +€336,030 | +124% |
| Tangible fixed assets | 22/27 | €270,918 | €606,948 | +€336,030 | +124% |
| Land and buildings | 22 | €263,878 | €602,349 | +€338,471 | +128% |
| Plant, machinery and equipment | 23 | €4,323 | €3,323 | -€1,000 | -23.1% |
| Furniture and vehicles | 24 | €2,540 | €1,217 | -€1,323 | -52.1% |
| Other tangible fixed assets | 26 | €176 | €59 | -€117 | -66.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €200,282 | €170,381 | -€29,900 | -14.9% |
| Amounts receivable within one year | 40/41 | €47,531 | €32,440 | -€15,091 | -31.7% |
| Trade receivables | 40 | €22,883 | €28,140 | +€5,258 | +23.0% |
| Other amounts receivable | 41 | €24,648 | €4,300 | -€20,348 | -82.6% |
| Current investments | 50/53 | €113,152 | €118,152 | +€5,000 | +4.4% |
| Cash at bank and in hand | 54/58 | €36,739 | €17,622 | -€19,117 | -52.0% |
| Deferred charges and accrued income | 490/1 | €2,860 | €2,167 | -€692 | -24.2% |
| Total equity and liabilities | 10/49 | €471,199 | €777,329 | +€306,130 | +65.0% |
| Equity | 10/15 | €278,448 | €300,836 | +€22,388 | +8.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,448 | €295,836 | +€22,388 | +8.2% |
| Amounts payable | 17/49 | €192,751 | €476,494 | +€283,742 | +147% |
| Amounts payable after more than one year | 17 | €150,007 | €400,079 | +€250,072 | +167% |
| Financial debts | 170/4 | €150,007 | €400,079 | +€250,072 | +167% |
| Amounts payable within one year | 42/48 | €42,745 | €74,504 | +€31,760 | +74.3% |
| Current portion of amounts payable after more than one year | 42 | €14,792 | €33,116 | +€18,325 | +124% |
| Trade debts | 44 | €7,365 | €3,016 | -€4,349 | -59.0% |
| Suppliers | 440/4 | €7,365 | €3,016 | -€4,349 | -59.0% |
| Taxes, remuneration and social security | 45 | €14,006 | €14,863 | +€857 | +6.1% |
| Taxes | 450/3 | €14,006 | €14,863 | +€857 | +6.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,582 | €23,509 | +€16,926 | +257% |
| Accrued charges and deferred income | 492/3 | €0 | €1,911 | +€1,911 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,947 | €33,620 | -€7,327 | -17.9% |
| Other operating charges | 640/8 | €387 | €875 | +€488 | +126% |
| Non-recurring operating charges | 66A | €242 | €58 | -€184 | -76.0% |
| Gross operating margin | 9900 | €65,875 | €79,372 | +€13,497 | +20.5% |
| Operating profit (loss) | 9901 | €24,298 | €44,819 | +€20,521 | +84.5% |
| Financial income | 75/76B | €42 | €32 | -€10 | -24.4% |
| Recurring financial income | 75 | €42 | €32 | -€10 | -24.4% |
| Financial charges | 65/66B | €9,371 | €13,478 | +€4,107 | +43.8% |
| Recurring financial charges | 65 | €9,371 | €13,478 | +€4,107 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €14,969 | €31,373 | +€16,403 | +110% |
| Income taxes | 67/77 | €4,770 | €8,985 | +€4,215 | +88.4% |
| Profit (loss) for the period | 9904 | €10,199 | €22,388 | +€12,189 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €10,199 | €22,388 | +€12,189 | +120% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.