INNOVATEL: 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.
INNOVATEL
Largest movements
- Cash +€8,578
up €8,578 (+1,080%), from €794 to €9,372
mainly Receivables within one year (+€7,456) and Other debts (+€6,677)
- Receivables within one year -€7,456
down €7,456 (-38.7%), from €19,288 to €11,832
of which Trade receivables: -€8,144
- Tangible fixed assets +€1,415
up €1,415 (+27.1%), from €5,219 to €6,634
- Other debts +€6,677
up €6,677 (+105%), from €6,354 to €13,031
- Tax, wage and social debts -€3,306
down €3,306 (-14.3%), from €23,187 to €19,881
of which Taxes: -€2,293
- Profit (loss) carried forward +€2,172
up €2,172 (+12.9%), from -€16,775 to -€14,603
- Trade debts -€1,492
down €1,492 (-42.8%), from €3,483 to €1,991
- Debts after one year -€1,338
no longer reported in 2025 (was €1,338)
- Gross operating margin +€13,276
up €13,276 (+10.6%), from €125,625 to €138,901
- Staff costs -€1,893
down €1,893 (-1.4%), from €134,343 to €132,450
- Depreciation -€1,876
down €1,876 (-67.7%), from €2,772 to €896
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 | €25,301 | €27,838 | +€2,537 | +10.0% |
| Fixed assets | 21/28 | €5,219 | €6,634 | +€1,415 | +27.1% |
| Tangible fixed assets | 22/27 | €5,219 | €6,634 | +€1,415 | +27.1% |
| Furniture and vehicles | 24 | €5,219 | €6,634 | +€1,415 | +27.1% |
| Current assets | 29/58 | €20,082 | €21,204 | +€1,122 | +5.6% |
| Amounts receivable within one year | 40/41 | €19,288 | €11,832 | -€7,456 | -38.7% |
| Trade receivables | 40 | €19,288 | €11,144 | -€8,144 | -42.2% |
| Other amounts receivable | 41 | - | €688 | +€688 | |
| Cash at bank and in hand | 54/58 | €794 | €9,372 | +€8,578 | +1,080% |
| Total equity and liabilities | 10/49 | €25,301 | €27,838 | +€2,537 | +10.0% |
| Equity | 10/15 | -€10,575 | -€8,403 | +€2,172 | +20.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,775 | -€14,603 | +€2,172 | +12.9% |
| Amounts payable | 17/49 | €35,876 | €36,241 | +€365 | +1.0% |
| Amounts payable after more than one year | 17 | €1,338 | - | -€1,338 | |
| Financial debts | 170/4 | €1,338 | - | -€1,338 | |
| Amounts payable within one year | 42/48 | €34,538 | €36,241 | +€1,703 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €1,514 | €1,338 | -€176 | -11.6% |
| Trade debts | 44 | €3,483 | €1,991 | -€1,492 | -42.8% |
| Suppliers | 440/4 | €3,483 | €1,991 | -€1,492 | -42.8% |
| Taxes, remuneration and social security | 45 | €23,187 | €19,881 | -€3,306 | -14.3% |
| Taxes | 450/3 | €6,514 | €4,221 | -€2,293 | -35.2% |
| Remuneration and social security | 454/9 | €16,673 | €15,660 | -€1,013 | -6.1% |
| Other amounts payable | 47/48 | €6,354 | €13,031 | +€6,677 | +105% |
| Remuneration, social security and pensions | 62 | €134,343 | €132,450 | -€1,893 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,772 | €896 | -€1,876 | -67.7% |
| Other operating charges | 640/8 | €1,795 | €1,478 | -€317 | -17.7% |
| Gross operating margin | 9900 | €125,625 | €138,901 | +€13,276 | +10.6% |
| Operating profit (loss) | 9901 | -€13,285 | €4,077 | +€17,362 | |
| Financial charges | 65/66B | €421 | €405 | -€16 | -3.8% |
| Recurring financial charges | 65 | €421 | €341 | -€80 | -19.0% |
| Non-recurring financial charges | 66B | - | €64 | +€64 | |
| Profit (loss) for the period before taxes | 9903 | -€13,706 | €3,672 | +€17,378 | |
| Income taxes | 67/77 | €2,422 | €1,500 | -€922 | -38.1% |
| Profit (loss) for the period | 9904 | -€16,128 | €2,172 | +€18,300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,128 | €2,172 | +€18,300 |
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 20 October 2026 via checked.be.