INNOVATION: 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.
INNOVATION
Largest movements
- Tangible fixed assets -€62,246
down €62,246 (-11.9%), from €525,011 to €462,765
of which Furniture and vehicles: -€45,822
- Intangible fixed assets -€10,129
down €10,129 (-18.2%), from €55,725 to €45,596
- Debts after one year -€183,566
down €183,566 (-65.8%), from €279,163 to €95,597
of which Other amounts payable: -€150,000
- Other debts +€131,958
up €131,958 (+2,377%), from €5,551 to €137,509
- Profit (loss) carried forward -€20,305
down €20,305 (-24.6%), from €82,687 to €62,382
- Current portion of long-term debt -€7,305
down €7,305 (-17.9%), from €40,871 to €33,566
- Depreciation -€7,995
down €7,995 (-14.3%), from €55,734 to €47,739
- Other operating charges +€2,272
up €2,272 (+87.0%), from €2,610 to €4,882
- Gross operating margin -€2,033
down €2,033 (-5.6%), from €36,509 to €34,476
- Financial income +€368
up €368 (+184%), from €200 to €567
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 | €655,349 | €579,993 | -€75,356 | -11.5% |
| Fixed assets | 21/28 | €580,736 | €508,361 | -€72,375 | -12.5% |
| Intangible fixed assets | 21 | €55,725 | €45,596 | -€10,129 | -18.2% |
| Tangible fixed assets | 22/27 | €525,011 | €462,765 | -€62,246 | -11.9% |
| Land and buildings | 22 | €423,700 | €407,453 | -€16,247 | -3.8% |
| Plant, machinery and equipment | 23 | €177 | - | -€177 | |
| Furniture and vehicles | 24 | €101,135 | €55,313 | -€45,822 | -45.3% |
| Current assets | 29/58 | €74,612 | €71,632 | -€2,980 | -4.0% |
| Amounts receivable within one year | 40/41 | €2,624 | €3,630 | +€1,006 | +38.3% |
| Trade receivables | 40 | - | €3,630 | +€3,630 | |
| Other amounts receivable | 41 | €2,624 | - | -€2,624 | |
| Cash at bank and in hand | 54/58 | €68,736 | €64,902 | -€3,834 | -5.6% |
| Deferred charges and accrued income | 490/1 | €3,252 | €3,100 | -€152 | -4.7% |
| Total equity and liabilities | 10/49 | €655,349 | €579,993 | -€75,356 | -11.5% |
| Equity | 10/15 | €328,587 | €308,282 | -€20,305 | -6.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €145,900 | €145,900 | = | 0.0% |
| Distributable reserves | 133 | €145,900 | €145,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,687 | €62,382 | -€20,305 | -24.6% |
| Amounts payable | 17/49 | €326,762 | €271,711 | -€55,051 | -16.8% |
| Amounts payable after more than one year | 17 | €279,163 | €95,597 | -€183,566 | -65.8% |
| Financial debts | 170/4 | €127,403 | €93,837 | -€33,566 | -26.3% |
| Other amounts payable | 178/9 | €151,760 | €1,760 | -€150,000 | -98.8% |
| Amounts payable within one year | 42/48 | €47,598 | €176,114 | +€128,516 | +270% |
| Current portion of amounts payable after more than one year | 42 | €40,871 | €33,566 | -€7,305 | -17.9% |
| Trade debts | 44 | €1,016 | €1,167 | +€151 | +14.9% |
| Suppliers | 440/4 | €1,016 | €1,167 | +€151 | +14.9% |
| Taxes, remuneration and social security | 45 | €160 | €3,872 | +€3,712 | +2,314% |
| Taxes | 450/3 | €160 | €1,999 | +€1,839 | +1,146% |
| Remuneration and social security | 454/9 | - | €1,873 | +€1,873 | |
| Other amounts payable | 47/48 | €5,551 | €137,509 | +€131,958 | +2,377% |
| Non-recurring operating income | 76A | - | €3,863 | +€3,863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,734 | €47,739 | -€7,995 | -14.3% |
| Other operating charges | 640/8 | €2,610 | €4,882 | +€2,272 | +87.0% |
| Gross operating margin | 9900 | €36,509 | €34,476 | -€2,033 | -5.6% |
| Operating profit (loss) | 9901 | -€21,835 | -€18,145 | +€3,690 | +16.9% |
| Financial income | 75/76B | €200 | €567 | +€368 | +184% |
| Recurring financial income | 75 | €200 | €567 | +€368 | +184% |
| Financial charges | 65/66B | €2,797 | €2,504 | -€293 | -10.5% |
| Recurring financial charges | 65 | €2,797 | €2,504 | -€293 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,433 | -€20,082 | +€4,351 | +17.8% |
| Income taxes | 67/77 | -€57 | €223 | +€280 | |
| Profit (loss) for the period | 9904 | -€24,376 | -€20,305 | +€4,071 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,376 | -€20,305 | +€4,071 | +16.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.