INNOVATIEF: what changed
INNOVATIEF
Largest movements
- Receivables within one year -€22,706
down €22,706 (-71.4%), from €31,798 to €9,092
of which Trade receivables: -€24,672
- Stocks and contracts +€4,159
up €4,159 (+6.6%), from €62,609 to €66,768
of which Stocks: +€5,648
- Tangible fixed assets -€3,135
down €3,135 (-32.2%), from €9,740 to €6,605
of which Furniture and vehicles: -€1,794
- Cash +€2,152
up €2,152 (+13.8%), from €15,648 to €17,799
mainly Receivables within one year (+€22,706) and Accrued charges and deferred income (+€4,177)
- Other debts -€11,560
down €11,560 (-76.7%), from €15,066 to €3,506
- Trade debts -€11,455
down €11,455 (-49.5%), from €23,136 to €11,681
- Profit (loss) carried forward -€4,266
down €4,266 (-15.4%), from -€27,646 to -€31,913
- Accrued charges and deferred income +€4,177
up €4,177 (+173%), from €2,410 to €6,587
- Tax, wage and social debts +€3,078
up €3,078 (+17.5%), from €17,542 to €20,620
of which Remuneration and social security: +€2,804
- Staff costs +€19,324
up €19,324 (+16.3%), from €118,705 to €138,029
- Depreciation -€17,764
down €17,764 (-85.0%), from €20,899 to €3,135
- Gross operating margin -€10,832
down €10,832 (-7.0%), from €153,891 to €143,059
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,336 | €101,310 | -€20,026 | -16.5% |
| Fixed assets | 21/28 | €9,840 | €6,705 | -€3,135 | -31.9% |
| Tangible fixed assets | 22/27 | €9,740 | €6,605 | -€3,135 | -32.2% |
| Plant, machinery and equipment | 23 | €4,484 | €3,292 | -€1,192 | -26.6% |
| Furniture and vehicles | 24 | €4,808 | €3,014 | -€1,794 | -37.3% |
| Other tangible fixed assets | 26 | €449 | €299 | -€150 | -33.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €111,496 | €94,605 | -€16,891 | -15.1% |
| Stocks and contracts in progress | 3 | €62,609 | €66,768 | +€4,159 | +6.6% |
| Stocks | 30/36 | €22,935 | €28,583 | +€5,648 | +24.6% |
| Contracts in progress | 37 | €39,674 | €38,185 | -€1,489 | -3.8% |
| Amounts receivable within one year | 40/41 | €31,798 | €9,092 | -€22,706 | -71.4% |
| Trade receivables | 40 | €29,513 | €4,841 | -€24,672 | -83.6% |
| Other amounts receivable | 41 | €2,285 | €4,251 | +€1,966 | +86.0% |
| Cash at bank and in hand | 54/58 | €15,648 | €17,799 | +€2,152 | +13.8% |
| Deferred charges and accrued income | 490/1 | €1,442 | €946 | -€496 | -34.4% |
| Total equity and liabilities | 10/49 | €121,336 | €101,310 | -€20,026 | -16.5% |
| Equity | 10/15 | €63,182 | €58,916 | -€4,266 | -6.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €65,828 | €65,828 | = | 0.0% |
| Distributable reserves | 133 | €65,828 | €65,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,646 | -€31,913 | -€4,266 | -15.4% |
| Amounts payable | 17/49 | €58,154 | €42,395 | -€15,759 | -27.1% |
| Amounts payable within one year | 42/48 | €55,744 | €35,808 | -€19,937 | -35.8% |
| Trade debts | 44 | €23,136 | €11,681 | -€11,455 | -49.5% |
| Suppliers | 440/4 | €23,136 | €11,681 | -€11,455 | -49.5% |
| Taxes, remuneration and social security | 45 | €17,542 | €20,620 | +€3,078 | +17.5% |
| Taxes | 450/3 | €439 | €713 | +€274 | +62.4% |
| Remuneration and social security | 454/9 | €17,103 | €19,907 | +€2,804 | +16.4% |
| Other amounts payable | 47/48 | €15,066 | €3,506 | -€11,560 | -76.7% |
| Accrued charges and deferred income | 492/3 | €2,410 | €6,587 | +€4,177 | +173% |
| Non-recurring operating income | 76A | €9,836 | €0 | -€9,836 | -100% |
| Remuneration, social security and pensions | 62 | €118,705 | €138,029 | +€19,324 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,899 | €3,135 | -€17,764 | -85.0% |
| Other operating charges | 640/8 | €2,497 | €2,773 | +€275 | +11.0% |
| Non-recurring operating charges | 66A | €270 | €0 | -€270 | -100% |
| Gross operating margin | 9900 | €153,891 | €143,059 | -€10,832 | -7.0% |
| Operating profit (loss) | 9901 | €11,520 | -€877 | -€12,397 | |
| Financial income | 75/76B | €979 | €52 | -€928 | -94.7% |
| Recurring financial income | 75 | €979 | €52 | -€928 | -94.7% |
| Financial charges | 65/66B | €3,994 | €3,100 | -€894 | -22.4% |
| Recurring financial charges | 65 | €3,994 | €3,100 | -€894 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €8,505 | -€3,925 | -€12,431 | |
| Income taxes | 67/77 | €348 | €341 | -€7 | -2.1% |
| Profit (loss) for the period | 9904 | €8,157 | -€4,266 | -€12,423 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,157 | -€4,266 | -€12,423 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.