INNOVATECH HOLDING: 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 HOLDING
Largest movements
- Cash +€194,040
up €194,040 (+11.1%), from €1.7m to €1.9m
mainly Net result for the year (+€291,907) and Other debts (+€196,783)
- Other debts +€196,783
up €196,783 (+117%), from €167,755 to €364,538
- Profit (loss) carried forward +€100,157
up €100,157 (+3,020%), from €3,316 to €103,473
- Financial income +€292,789
up €292,789 (+1,185%), from €24,708 to €317,498
- Depreciation +€10,652
up €10,652 (+285%), from €3,742 to €14,394
- Gross operating margin +€5,225
up €5,225 (+46.4%), from -€11,250 to -€6,025
- Taxes -€1,105
down €1,105 (-100%), from €1,105 to €0
- Financial charges -€123
down €123 (-2.3%), from €5,294 to €5,172
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 | €7,412,789 | €7,692,051 | +€279,262 | +3.8% |
| Fixed assets | 21/28 | €5,582,253 | €5,622,260 | +€40,008 | +0.7% |
| Tangible fixed assets | 22/27 | €571,755 | €611,762 | +€40,008 | +7.0% |
| Land and buildings | 22 | €571,755 | €611,762 | +€40,008 | +7.0% |
| Financial fixed assets | 28 | €5,010,498 | €5,010,498 | = | 0.0% |
| Current assets | 29/58 | €1,830,537 | €2,069,791 | +€239,255 | +13.1% |
| Amounts receivable within one year | 40/41 | €80,646 | €125,860 | +€45,214 | +56.1% |
| Trade receivables | 40 | - | €8,172 | +€8,172 | |
| Other amounts receivable | 41 | €80,646 | €117,688 | +€37,042 | +45.9% |
| Cash at bank and in hand | 54/58 | €1,749,891 | €1,943,931 | +€194,040 | +11.1% |
| Total equity and liabilities | 10/49 | €7,412,789 | €7,692,051 | +€279,262 | +3.8% |
| Equity | 10/15 | €7,210,207 | €7,310,364 | +€100,157 | +1.4% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €7,188,891 | €7,188,891 | = | 0.0% |
| Distributable reserves | 133 | €7,188,891 | €7,188,891 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,316 | €103,473 | +€100,157 | +3,020% |
| Amounts payable | 17/49 | €202,583 | €381,688 | +€179,105 | +88.4% |
| Amounts payable within one year | 42/48 | €168,409 | €365,191 | +€196,783 | +117% |
| Taxes, remuneration and social security | 45 | €654 | €654 | = | 0.0% |
| Taxes | 450/3 | €654 | €654 | = | 0.0% |
| Other amounts payable | 47/48 | €167,755 | €364,538 | +€196,783 | +117% |
| Accrued charges and deferred income | 492/3 | €34,174 | €16,497 | -€17,677 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,742 | €14,394 | +€10,652 | +285% |
| Gross operating margin | 9900 | -€11,250 | -€6,025 | +€5,225 | +46.4% |
| Operating profit (loss) | 9901 | -€14,992 | -€20,419 | -€5,427 | -36.2% |
| Financial income | 75/76B | €24,708 | €317,498 | +€292,789 | +1,185% |
| Recurring financial income | 75 | €24,708 | €317,498 | +€292,789 | +1,185% |
| Financial charges | 65/66B | €5,294 | €5,172 | -€123 | -2.3% |
| Recurring financial charges | 65 | €5,294 | €5,172 | -€123 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €4,422 | €291,907 | +€287,485 | +6,502% |
| Income taxes | 67/77 | €1,105 | €0 | -€1,105 | -100% |
| Profit (loss) for the period | 9904 | €3,316 | €291,907 | +€288,591 | +8,703% |
| Profit (loss) for the period to be appropriated | 9905 | €3,316 | €291,907 | +€288,591 | +8,703% |
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 23 October 2026 via checked.be.