INNOVATE CONSTRUCT: what changed
Two fiscal 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 CONSTRUCT
Largest movements
- Receivables within one year +€14,025
up €14,025 (+33.7%), from €41,646 to €55,671
of which Other amounts receivable: +€7,315
- Tangible fixed assets +€6,888
new in 2025: €6,888
- Financial fixed assets +€5,990
new in 2025: €5,990
- Cash -€3,496
down €3,496 (-31.6%), from €11,059 to €7,563
mainly Other debts (-€18,243) and Investment in fixed assets (net) (-€15,165)
- Profit (loss) carried forward +€44,769
up €44,769 (+299.0%), from €14,973 to €59,742
- Other debts -€18,243
no longer reported in 2025 (was €18,243)
- Trade debts -€2,038
down €2,038 (-42.6%), from €4,785 to €2,747
- Tax, wage and social debts -€1,081
down €1,081 (-11.1%), from €9,704 to €8,623
- Purchases and services +€525,576
new in 2025: €525,576
- Gross operating margin +€30,779
up €30,779 (+80.5%), from €38,230 to €69,008
- Staff costs -€13,823
down €13,823 (-74.7%), from €18,516 to €4,693
- Taxes +€8,671
up €8,671 (+231.6%), from €3,743 to €12,414
- Other operating charges +€3,654
up €3,654 (+425.1%), from €860 to €4,514
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.
Cash bridge derived
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 | €52,705 | €76,112 | +€23,407 | +44.4% |
| Fixed assets | 21/28 | - | €12,878 | +€12,878 | |
| Tangible fixed assets | 22/27 | - | €6,888 | +€6,888 | |
| Furniture and vehicles | 24 | - | €6,888 | +€6,888 | |
| Financial fixed assets | 28 | - | €5,990 | +€5,990 | |
| Current assets | 29/58 | €52,705 | €63,234 | +€10,529 | +20.0% |
| Amounts receivable within one year | 40/41 | €41,646 | €55,671 | +€14,025 | +33.7% |
| Trade receivables | 40 | €28,750 | €35,459 | +€6,709 | +23.3% |
| Other amounts receivable | 41 | €12,896 | €20,211 | +€7,315 | +56.7% |
| Cash at bank and in hand | 54/58 | €11,059 | €7,563 | -€3,496 | -31.6% |
| Total equity and liabilities | 10/49 | €52,705 | €76,112 | +€23,407 | +44.4% |
| Equity | 10/15 | €19,973 | €64,742 | +€44,769 | +224.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,973 | €59,742 | +€44,769 | +299.0% |
| Amounts payable | 17/49 | €32,732 | €11,370 | -€21,362 | -65.3% |
| Amounts payable within one year | 42/48 | €32,732 | €11,370 | -€21,362 | -65.3% |
| Trade debts | 44 | €4,785 | €2,747 | -€2,038 | -42.6% |
| Suppliers | 440/4 | €4,785 | €2,747 | -€2,038 | -42.6% |
| Taxes, remuneration and social security | 45 | €9,704 | €8,623 | -€1,081 | -11.1% |
| Taxes | 450/3 | €9,704 | €8,623 | -€1,081 | -11.1% |
| Other amounts payable | 47/48 | €18,243 | - | -€18,243 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €525,576 | +€525,576 | |
| Remuneration, social security and pensions | 62 | €18,516 | €4,693 | -€13,823 | -74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,287 | +€2,287 | |
| Other operating charges | 640/8 | €860 | €4,514 | +€3,654 | +425.1% |
| Gross operating margin | 9900 | €38,230 | €69,008 | +€30,779 | +80.5% |
| Operating profit (loss) | 9901 | €18,854 | €57,515 | +€38,661 | +205.0% |
| Financial income | 75/76B | - | €64 | +€64 | |
| Recurring financial income | 75 | - | €64 | +€64 | |
| Financial charges | 65/66B | €138 | €396 | +€258 | +186.7% |
| Recurring financial charges | 65 | €138 | €396 | +€258 | +186.7% |
| Profit (loss) for the period before taxes | 9903 | €18,716 | €57,183 | +€38,467 | +205.5% |
| Income taxes | 67/77 | €3,743 | €12,414 | +€8,671 | +231.6% |
| Profit (loss) for the period | 9904 | €14,973 | €44,769 | +€29,796 | +199.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,973 | €44,769 | +€29,796 | +199.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.