INNOVATE: 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.
INNOVATE
Largest movements
- Tangible fixed assets -€8,288
down €8,288 (-4.7%), from €175,825 to €167,538
- Receivables within one year -€2,164
down €2,164 (-6.3%), from €34,230 to €32,066
- Profit (loss) carried forward -€9,446
new in 2024: -€9,446
- Taxes +€13,143
up €13,143 (+3634.8%), from €362 to €13,504
- Gross operating margin +€10,152
up €10,152 (+82.6%), from €12,294 to €22,446
- Other operating charges +€5,761
up €5,761 (+220.6%), from €2,611 to €8,372
- Depreciation +€1,566
up €1,566 (+18.9%), from €8,288 to €9,853
From the 2023 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,009 | €200,744 | -€10,264 | -4.9% |
| Fixed assets | 21/28 | €175,825 | €167,538 | -€8,288 | -4.7% |
| Tangible fixed assets | 22/27 | €175,825 | €167,538 | -€8,288 | -4.7% |
| Land and buildings | 22 | €175,825 | €167,538 | -€8,288 | -4.7% |
| Current assets | 29/58 | €35,184 | €33,207 | -€1,977 | -5.6% |
| Amounts receivable within one year | 40/41 | €34,230 | €32,066 | -€2,164 | -6.3% |
| Other amounts receivable | 41 | €34,230 | €32,066 | -€2,164 | -6.3% |
| Cash at bank and in hand | 54/58 | €954 | €1,141 | +€187 | +19.6% |
| Total equity and liabilities | 10/49 | €211,009 | €200,744 | -€10,264 | -4.9% |
| Equity | 10/15 | €209,583 | €200,137 | -€9,446 | -4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Uncalled capital | 101 | €12,392 | - | -€12,392 | |
| Reserves | 13 | €203,383 | €203,383 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €201,524 | €201,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,446 | -€9,446 | |
| Amounts payable | 17/49 | €1,426 | €607 | -€819 | -57.4% |
| Amounts payable within one year | 42/48 | €1,426 | €607 | -€819 | -57.4% |
| Taxes, remuneration and social security | 45 | €1,426 | €607 | -€819 | -57.4% |
| Taxes | 450/3 | €1,426 | €607 | -€819 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,288 | €9,853 | +€1,566 | +18.9% |
| Other operating charges | 640/8 | €2,611 | €8,372 | +€5,761 | +220.6% |
| Gross operating margin | 9900 | €12,294 | €22,446 | +€10,152 | +82.6% |
| Operating profit (loss) | 9901 | €1,395 | €4,221 | +€2,826 | +202.5% |
| Financial charges | 65/66B | €54 | €162 | +€108 | +200.0% |
| Recurring financial charges | 65 | €54 | €162 | +€108 | +200.0% |
| Profit (loss) for the period before taxes | 9903 | €1,341 | €4,059 | +€2,718 | +202.6% |
| Income taxes | 67/77 | €362 | €13,504 | +€13,143 | +3634.8% |
| Profit (loss) for the period | 9904 | €980 | -€9,446 | -€10,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €980 | -€9,446 | -€10,425 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.