INNOVATECH BELGIUM: 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.
INNOVATECH BELGIUM
Largest movements
- Receivables within one year -€33,740
down €33,740 (-26.2%), from €128,860 to €95,120
of which Other amounts receivable: -€41,400
- Tangible fixed assets -€7,024
down €7,024 (-1.7%), from €420,187 to €413,164
of which Land and buildings: -€18,481
- Profit (loss) carried forward -€32,098
down €32,098 (-7.9%), from -€408,550 to -€440,648
- Other debts -€10,438
down €10,438 (-10.1%), from €103,279 to €92,841
- Gross operating margin -€24,906
down €24,906, from €18,685 to -€6,222
- Other operating charges +€809
up €809 (+31.2%), from €2,594 to €3,403
- Financial charges +€489
up €489 (+362%), from €135 to €624
- Depreciation +€481
up €481 (+2.3%), from €21,170 to €21,651
- Taxes +€199
new in 2025: €199
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 | €576,506 | €532,000 | -€44,506 | -7.7% |
| Fixed assets | 21/28 | €439,887 | €432,864 | -€7,024 | -1.6% |
| Tangible fixed assets | 22/27 | €420,187 | €413,164 | -€7,024 | -1.7% |
| Land and buildings | 22 | €417,062 | €398,581 | -€18,481 | -4.4% |
| Plant, machinery and equipment | 23 | €272 | €6,128 | +€5,857 | +2,156% |
| Furniture and vehicles | 24 | €2,854 | €8,454 | +€5,600 | +196% |
| Financial fixed assets | 28 | €19,700 | €19,700 | = | 0.0% |
| Current assets | 29/58 | €136,618 | €99,136 | -€37,482 | -27.4% |
| Amounts receivable within one year | 40/41 | €128,860 | €95,120 | -€33,740 | -26.2% |
| Trade receivables | 40 | €7,260 | €14,920 | +€7,660 | +106% |
| Other amounts receivable | 41 | €121,600 | €80,200 | -€41,400 | -34.0% |
| Cash at bank and in hand | 54/58 | €7,379 | €3,654 | -€3,726 | -50.5% |
| Deferred charges and accrued income | 490/1 | €379 | €362 | -€17 | -4.5% |
| Total equity and liabilities | 10/49 | €576,506 | €532,000 | -€44,506 | -7.7% |
| Equity | 10/15 | -€238,950 | -€271,049 | -€32,098 | -13.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €143,250 | €143,250 | = | 0.0% |
| Reserves | 13 | €6,350 | €6,350 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,350 | €6,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€408,550 | -€440,648 | -€32,098 | -7.9% |
| Amounts payable | 17/49 | €815,456 | €803,048 | -€12,408 | -1.5% |
| Amounts payable after more than one year | 17 | €700,000 | €700,000 | = | 0.0% |
| Financial debts | 170/4 | €700,000 | €700,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,236 | €103,048 | -€8,188 | -7.4% |
| Trade debts | 44 | €7,957 | €8,681 | +€724 | +9.1% |
| Suppliers | 440/4 | €7,957 | €8,681 | +€724 | +9.1% |
| Taxes, remuneration and social security | 45 | - | €1,526 | +€1,526 | |
| Taxes | 450/3 | - | €1,526 | +€1,526 | |
| Other amounts payable | 47/48 | €103,279 | €92,841 | -€10,438 | -10.1% |
| Accrued charges and deferred income | 492/3 | €4,220 | - | -€4,220 | |
| Non-recurring operating income | 76A | - | €425 | +€425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,170 | €21,651 | +€481 | +2.3% |
| Other operating charges | 640/8 | €2,594 | €3,403 | +€809 | +31.2% |
| Gross operating margin | 9900 | €18,685 | -€6,222 | -€24,906 | |
| Operating profit (loss) | 9901 | -€5,080 | -€31,276 | -€26,196 | -516% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.4% |
| Financial charges | 65/66B | €135 | €624 | +€489 | +362% |
| Recurring financial charges | 65 | €135 | €624 | +€489 | +362% |
| Profit (loss) for the period before taxes | 9903 | -€5,214 | -€31,900 | -€26,685 | -512% |
| Income taxes | 67/77 | - | €199 | +€199 | |
| Profit (loss) for the period | 9904 | -€5,214 | -€32,098 | -€26,884 | -516% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,214 | -€32,098 | -€26,884 | -516% |
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 30 October 2026 via checked.be.