INNOVATION C 2: 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 C 2
Largest movements
- Financial fixed assets -€1.8m
down €1.8m (-23.2%), from €8.0m to €6.1m
- Receivables within one year +€932,933
up €932,933 (+288%), from €323,980 to €1.3m
of which Trade receivables: +€1.0m
- Cash -€333,386
down €333,386 (-100%), from €333,386 to €0
- Profit (loss) carried forward +€5.5m
up €5.5m (+2,525%), from €217,788 to €5.7m
- Debts after one year -€4.4m
down €4.4m (-100%), from €4.4m to €0
- Other debts -€2.9m
down €2.9m (-100.0%), from €2.9m to €897
- Tax, wage and social debts +€1.2m
up €1.2m (+1,292%), from €90,376 to €1.3m
of which Remuneration and social security: +€732,611
- Trade debts -€307,330
down €307,330 (-82.7%), from €371,434 to €64,104
- Financial income +€4.5m
up €4.5m (+453%), from €994,626 to €5.5m
of which Non-recurring financial income: +€5.5m
- Staff costs +€3.0m
up €3.0m (+1,698%), from €178,782 to €3.2m
- Turnover +€2.2m
up €2.2m (+136%), from €1.6m to €3.8m
- Services and other goods -€784,510
down €784,510 (-67.8%), from €1.2m to €372,052
- Financial charges -€100,837
down €100,837 (-83.9%), from €120,221 to €19,384
From the 2022 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,643,449 | €7,394,450 | -€1.2m | -14.5% |
| Fixed assets | 21/28 | €7,980,058 | €6,107,377 | -€1.9m | -23.5% |
| Tangible fixed assets | 22/27 | €24,164 | €0 | -€24,164 | -100% |
| Plant, machinery and equipment | 23 | €5,994 | €0 | -€5,994 | -100% |
| Furniture and vehicles | 24 | €18,170 | €0 | -€18,170 | -100% |
| Financial fixed assets | 28 | €7,955,893 | €6,107,377 | -€1.8m | -23.2% |
| Affiliated companies | 280/1 | €7,955,893 | €6,107,377 | -€1.8m | -23.2% |
| Participating interests | 280 | €7,955,893 | €6,107,377 | -€1.8m | -23.2% |
| Current assets | 29/58 | €663,391 | €1,287,073 | +€623,682 | +94.0% |
| Amounts receivable within one year | 40/41 | €323,980 | €1,256,913 | +€932,933 | +288% |
| Trade receivables | 40 | €182,100 | €1,225,592 | +€1.0m | +573% |
| Other amounts receivable | 41 | €141,880 | €31,321 | -€110,559 | -77.9% |
| Cash at bank and in hand | 54/58 | €333,386 | €0 | -€333,386 | -100% |
| Deferred charges and accrued income | 490/1 | €6,024 | €30,160 | +€24,136 | +401% |
| Total equity and liabilities | 10/49 | €8,643,449 | €7,394,450 | -€1.2m | -14.5% |
| Equity | 10/15 | €513,402 | €6,011,707 | +€5.5m | +1,071% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €45,614 | €45,614 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,614 | €45,614 | = | 0.0% |
| Reserves not available under the articles | 1311 | €45,614 | €45,614 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,788 | €5,716,093 | +€5.5m | +2,525% |
| Amounts payable | 17/49 | €8,130,047 | €1,382,743 | -€6.7m | -83.0% |
| Amounts payable after more than one year | 17 | €4,357,144 | €0 | -€4.4m | -100% |
| Other amounts payable | 178/9 | €4,357,144 | €0 | -€4.4m | -100% |
| Amounts payable within one year | 42/48 | €3,697,350 | €1,382,743 | -€2.3m | -62.6% |
| Current portion of amounts payable after more than one year | 42 | €285,714 | €0 | -€285,714 | -100% |
| Financial debts | 43 | - | €59,870 | +€59,870 | |
| Credit institutions | 430/8 | - | €59,870 | +€59,870 | |
| Trade debts | 44 | €371,434 | €64,104 | -€307,330 | -82.7% |
| Suppliers | 440/4 | €371,434 | €64,104 | -€307,330 | -82.7% |
| Taxes, remuneration and social security | 45 | €90,376 | €1,257,872 | +€1.2m | +1,292% |
| Taxes | 450/3 | €58,249 | €493,134 | +€434,885 | +747% |
| Remuneration and social security | 454/9 | €32,127 | €764,738 | +€732,611 | +2,280% |
| Other amounts payable | 47/48 | €2,949,826 | €897 | -€2.9m | -100.0% |
| Accrued charges and deferred income | 492/3 | €75,553 | €0 | -€75,553 | -100% |
| Operating income | 70/76A | €1,663,568 | €3,846,397 | +€2.2m | +131% |
| Turnover | 70 | €1,627,500 | €3,833,532 | +€2.2m | +136% |
| Other operating income | 74 | €36,068 | €12,865 | -€23,203 | -64.3% |
| Operating charges | 60/66A | €1,343,204 | €3,759,892 | +€2.4m | +180% |
| Services and other goods | 61 | €1,156,562 | €372,052 | -€784,510 | -67.8% |
| Remuneration, social security and pensions | 62 | €178,782 | €3,214,087 | +€3.0m | +1,698% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,952 | €0 | -€5,952 | -100% |
| Other operating charges | 640/8 | €1,909 | €2,316 | +€407 | +21.4% |
| Non-recurring operating charges | 66A | - | €171,437 | +€171,437 | |
| Operating profit (loss) | 9901 | €320,364 | €86,505 | -€233,859 | -73.0% |
| Financial income | 75/76B | €994,626 | €5,501,419 | +€4.5m | +453% |
| Recurring financial income | 75 | €994,626 | €8,127 | -€986,499 | -99.2% |
| Income from financial fixed assets | 750 | €994,286 | €0 | -€994,286 | -100% |
| Income from current assets | 751 | - | €4,457 | +€4,457 | |
| Other financial income | 752/9 | €340 | €3,670 | +€3,330 | +979% |
| Non-recurring financial income | 76B | - | €5,493,292 | +€5.5m | |
| Financial charges | 65/66B | €120,221 | €19,384 | -€100,837 | -83.9% |
| Recurring financial charges | 65 | €120,221 | €19,384 | -€100,837 | -83.9% |
| Debt charges | 650 | €119,245 | €16,923 | -€102,322 | -85.8% |
| Other financial charges | 652/9 | €977 | €2,461 | +€1,484 | +152% |
| Profit (loss) for the period before taxes | 9903 | €1,194,769 | €5,568,540 | +€4.4m | +366% |
| Income taxes | 67/77 | €58,249 | €70,235 | +€11,986 | +20.6% |
| Taxes | 670/3 | €58,249 | €70,235 | +€11,986 | +20.6% |
| Profit (loss) for the period | 9904 | €1,136,520 | €5,498,305 | +€4.4m | +384% |
| Profit (loss) for the period to be appropriated | 9905 | €1,136,520 | €5,498,305 | +€4.4m | +384% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.