INNOVATIO: 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.
INNOVATIO
Largest movements
- Tangible fixed assets +€404,905
up €404,905 (+1,103%), from €36,699 to €441,604
of which Land and buildings: +€420,175
- Receivables within one year -€104,370
down €104,370 (-37.1%), from €281,697 to €177,327
of which Trade receivables: -€126,090
- Cash +€62,466
up €62,466 (+61.7%), from €101,200 to €163,666
mainly Debts after one year (+€292,320) and Trade debts (+€133,137)
- Debts after one year +€292,320
new in 2024: €292,320
- Tax, wage and social debts -€136,142
down €136,142 (-65.1%), from €209,272 to €73,130
of which Remuneration and social security: -€82,105
- Trade debts +€133,137
up €133,137 (+2,465%), from €5,401 to €138,538
- Other debts +€75,000
new in 2024: €75,000
- Gross operating margin +€76,954
up €76,954 (+33.8%), from €227,357 to €304,311
- Staff costs +€45,091
up €45,091 (+35.5%), from €126,874 to €171,965
- Depreciation -€18,471
down €18,471 (-48.3%), from €38,280 to €19,809
- Financial income -€8,279
down €8,279 (-98.3%), from €8,425 to €146
- Financial charges +€8,149
up €8,149 (+545%), from €1,496 to €9,645
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,596 | €782,597 | +€363,001 | +86.5% |
| Fixed assets | 21/28 | €36,699 | €441,604 | +€404,905 | +1,103% |
| Tangible fixed assets | 22/27 | €36,699 | €441,604 | +€404,905 | +1,103% |
| Land and buildings | 22 | - | €420,175 | +€420,175 | |
| Plant, machinery and equipment | 23 | €14,953 | €2,572 | -€12,381 | -82.8% |
| Furniture and vehicles | 24 | €21,746 | €18,857 | -€2,889 | -13.3% |
| Current assets | 29/58 | €382,897 | €340,993 | -€41,904 | -10.9% |
| Amounts receivable within one year | 40/41 | €281,697 | €177,327 | -€104,370 | -37.1% |
| Trade receivables | 40 | €126,090 | - | -€126,090 | |
| Other amounts receivable | 41 | €155,607 | €177,327 | +€21,720 | +14.0% |
| Cash at bank and in hand | 54/58 | €101,200 | €163,666 | +€62,466 | +61.7% |
| Total equity and liabilities | 10/49 | €419,596 | €782,597 | +€363,001 | +86.5% |
| Equity | 10/15 | €200,262 | €200,109 | -€153 | -0.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €181,000 | €181,000 | = | 0.0% |
| Distributable reserves | 133 | €181,000 | €181,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,262 | €4,109 | -€153 | -3.6% |
| Amounts payable | 17/49 | €219,334 | €582,488 | +€363,154 | +166% |
| Amounts payable after more than one year | 17 | - | €292,320 | +€292,320 | |
| Financial debts | 170/4 | - | €292,320 | +€292,320 | |
| Amounts payable within one year | 42/48 | €219,334 | €286,668 | +€67,334 | +30.7% |
| Financial debts | 43 | €4,661 | - | -€4,661 | |
| Credit institutions | 430/8 | €4,661 | - | -€4,661 | |
| Trade debts | 44 | €5,401 | €138,538 | +€133,137 | +2,465% |
| Suppliers | 440/4 | €5,401 | €138,538 | +€133,137 | +2,465% |
| Taxes, remuneration and social security | 45 | €209,272 | €73,130 | -€136,142 | -65.1% |
| Taxes | 450/3 | €102,765 | €48,728 | -€54,037 | -52.6% |
| Remuneration and social security | 454/9 | €106,507 | €24,402 | -€82,105 | -77.1% |
| Other amounts payable | 47/48 | - | €75,000 | +€75,000 | |
| Accrued charges and deferred income | 492/3 | - | €3,500 | +€3,500 | |
| Remuneration, social security and pensions | 62 | €126,874 | €171,965 | +€45,091 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,280 | €19,809 | -€18,471 | -48.3% |
| Other operating charges | 640/8 | €9,797 | €3,227 | -€6,570 | -67.1% |
| Gross operating margin | 9900 | €227,357 | €304,311 | +€76,954 | +33.8% |
| Operating profit (loss) | 9901 | €52,406 | €109,310 | +€56,904 | +109% |
| Financial income | 75/76B | €8,425 | €146 | -€8,279 | -98.3% |
| Recurring financial income | 75 | €8,425 | €146 | -€8,279 | -98.3% |
| Financial charges | 65/66B | €1,496 | €9,645 | +€8,149 | +545% |
| Recurring financial charges | 65 | €1,496 | €9,645 | +€8,149 | +545% |
| Profit (loss) for the period before taxes | 9903 | €59,335 | €99,811 | +€40,476 | +68.2% |
| Income taxes | 67/77 | €18,012 | €24,964 | +€6,952 | +38.6% |
| Profit (loss) for the period | 9904 | €41,323 | €74,847 | +€33,524 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,323 | €74,847 | +€33,524 | +81.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.