INNOVATION CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year -€18,808
down €18,808 (-9.4%), from €199,626 to €180,818
of which Other amounts receivable: -€34,708
- Trade debts -€24,444
down €24,444 (-89.4%), from €27,355 to €2,911
- Short-term financial debts +€2,703
up €2,703 (+215.9%), from €1,252 to €3,955
- Profit (loss) carried forward +€2,600
up €2,600 (+1.6%), from €159,855 to €162,455
- Gross operating margin -€14,431
down €14,431 (-89.8%), from €16,069 to €1,638
- Financial income -€1,155
down €1,155 (-11.1%), from €10,412 to €9,257
- Financial charges -€797
down €797 (-27.9%), from €2,856 to €2,059
- Taxes +€467
up €467 (+24.2%), from €1,934 to €2,401
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.
Cash bridge derived
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 | €204,047 | €183,457 | -€20,590 | -10.1% |
| Fixed assets | 21/28 | €1,489 | - | -€1,489 | |
| Tangible fixed assets | 22/27 | €1,489 | - | -€1,489 | |
| Plant, machinery and equipment | 23 | €896 | - | -€896 | |
| Furniture and vehicles | 24 | €593 | - | -€593 | |
| Current assets | 29/58 | €202,558 | €183,457 | -€19,101 | -9.4% |
| Amounts receivable within one year | 40/41 | €199,626 | €180,818 | -€18,808 | -9.4% |
| Trade receivables | 40 | €5,455 | €21,355 | +€15,900 | +291.5% |
| Other amounts receivable | 41 | €194,171 | €159,463 | -€34,708 | -17.9% |
| Cash at bank and in hand | 54/58 | €54 | €54 | -€0 | -0.3% |
| Deferred charges and accrued income | 490/1 | €2,878 | €2,585 | -€293 | -10.2% |
| Total equity and liabilities | 10/49 | €204,047 | €183,457 | -€20,590 | -10.1% |
| Equity | 10/15 | €171,115 | €173,715 | +€2,600 | +1.5% |
| Contributions | 10/11 | €9,400 | €9,400 | = | 0.0% |
| Capital | 10 | €9,400 | - | -€9,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €9,200 | - | -€9,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €159,855 | €162,455 | +€2,600 | +1.6% |
| Amounts payable | 17/49 | €32,932 | €9,741 | -€23,191 | -70.4% |
| Amounts payable within one year | 42/48 | €32,932 | €9,741 | -€23,191 | -70.4% |
| Current portion of amounts payable after more than one year | 42 | €1,251 | - | -€1,251 | |
| Financial debts | 43 | €1,252 | €3,955 | +€2,703 | +215.9% |
| Credit institutions | 430/8 | €1,252 | €3,955 | +€2,703 | +215.9% |
| Trade debts | 44 | €27,355 | €2,911 | -€24,444 | -89.4% |
| Suppliers | 440/4 | €27,355 | €2,911 | -€24,444 | -89.4% |
| Taxes, remuneration and social security | 45 | €3,074 | €2,876 | -€198 | -6.4% |
| Taxes | 450/3 | €3,074 | €2,876 | -€198 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,404 | €1,489 | +€85 | +6.1% |
| Other operating charges | 640/8 | €2,466 | €2,345 | -€121 | -4.9% |
| Gross operating margin | 9900 | €16,069 | €1,638 | -€14,431 | -89.8% |
| Operating profit (loss) | 9901 | €12,199 | -€2,196 | -€14,395 | |
| Financial income | 75/76B | €10,412 | €9,257 | -€1,155 | -11.1% |
| Recurring financial income | 75 | €10,412 | €9,257 | -€1,155 | -11.1% |
| Financial charges | 65/66B | €2,856 | €2,059 | -€797 | -27.9% |
| Recurring financial charges | 65 | €2,856 | €2,059 | -€797 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €19,755 | €5,002 | -€14,753 | -74.7% |
| Income taxes | 67/77 | €1,934 | €2,401 | +€467 | +24.2% |
| Profit (loss) for the period | 9904 | €17,821 | €2,601 | -€15,220 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,821 | €2,601 | -€15,220 | -85.4% |
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 12 October 2026 via checked.be.