Innovation & Diffusion: what changed
Two fiscal 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.
What changed
Innovation & Diffusion
NACE 41.001, General construction of residential buildings
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€49,419
2023 · €20,860+€28,559
Equity
€502,843
2023 · €480,924+€21,919
Cash
€55,901
2023 · €25,085+€30,816
Balance sheet total
€1.4m
2023 · €1.0m+€390,418
Largest movements
Assets
- Tangible fixed assets +€370,979
up €370,979 (+58.2%), from €637,699 to €1.0m
of which Land and buildings: +€291,426
- Cash +€30,816
up €30,816 (+122.8%), from €25,085 to €55,901
mainly Debts after one year (+€325,156) and Depreciation (+€93,948)
Equity and liabilities
- Debts after one year +€325,156
up €325,156 (+88.7%), from €366,697 to €691,853
- Current portion of long-term debt +€29,627
up €29,627 (+73.7%), from €40,217 to €69,843
- Profit (loss) carried forward +€21,919
up €21,919 (+26.8%), from €81,857 to €103,776
Income statement
- Staff costs -€63,794
down €63,794 (-67.2%), from €94,929 to €31,135
- Depreciation +€48,745
up €48,745 (+107.8%), from €45,202 to €93,948
- Gross operating margin +€32,395
up €32,395 (+16.7%), from €193,804 to €226,199
- Financial charges +€10,473
up €10,473 (+61.2%), from €17,103 to €27,575
- Other operating charges +€7,349
up €7,349 (+133.5%), from €5,504 to €12,853
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.
Result 2023
€20,860
Gross operating margin
+€32,395
Staff costs
+€63,794
Depreciation
-€48,745
Write-downs
-€2,971
Other operating charges
-€7,349
Financial income
-€339
Financial charges
-€10,473
Taxes
+€2,247
Result 2024
€49,419
Cash bridge derived
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.
From operations
+€168,222
Investment
-€464,698
Financing
+€327,292
Cash 2023
€25,085
From operations (derived)
+€168,222
Net result for the year
+€49,419
Depreciation
+€93,948
Stocks and contracts
+€4,935
Receivables within one year
+€4,743
Deferred charges and accrued income
+€1,469
Trade debts
+€13,971
Tax, wage and social debts
-€13,448
Other debts
+€12,217
Accrued charges and deferred income
+€968
Investment (derived)
-€464,698
Investment in fixed assets (net)
-€464,698
Financing
+€327,292
Debts after one year
+€325,156
Current portion of long-term debt
+€29,627
Short-term financial debts
+€9
Contributions, distributions and other
-€27,500
Cash 2024
€55,901
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,022,726 | €1,413,145 | +€390,418 | +38.2% |
| Formation expenses | 20 | €1,125 | €897 | -€229 | -20.3% |
| Fixed assets | 21/28 | €637,699 | €1,008,678 | +€370,979 | +58.2% |
| Tangible fixed assets | 22/27 | €637,699 | €1,008,678 | +€370,979 | +58.2% |
| Land and buildings | 22 | €623,604 | €915,030 | +€291,426 | +46.7% |
| Furniture and vehicles | 24 | €12,759 | €89,178 | +€76,419 | +598.9% |
| Other tangible fixed assets | 26 | €1,336 | €4,470 | +€3,134 | +234.6% |
| Current assets | 29/58 | €383,902 | €403,570 | +€19,668 | +5.1% |
| Stocks and contracts in progress | 3 | €257,657 | €252,722 | -€4,935 | -1.9% |
| Stocks | 30/36 | €257,657 | €252,722 | -€4,935 | -1.9% |
| Amounts receivable within one year | 40/41 | €99,313 | €94,570 | -€4,743 | -4.8% |
| Trade receivables | 40 | €97,913 | €93,170 | -€4,743 | -4.8% |
| Other amounts receivable | 41 | €1,400 | €1,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,085 | €55,901 | +€30,816 | +122.8% |
| Deferred charges and accrued income | 490/1 | €1,846 | €377 | -€1,469 | -79.6% |
| Total equity and liabilities | 10/49 | €1,022,726 | €1,413,145 | +€390,418 | +38.2% |
| Equity | 10/15 | €480,924 | €502,843 | +€21,919 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €314,857 | €314,857 | = | 0.0% |
| Reserves | 13 | €65,610 | €65,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,857 | €103,776 | +€21,919 | +26.8% |
| Amounts payable | 17/49 | €541,802 | €910,302 | +€368,500 | +68.0% |
| Amounts payable after more than one year | 17 | €366,697 | €691,853 | +€325,156 | +88.7% |
| Financial debts | 170/4 | €366,697 | €691,853 | +€325,156 | +88.7% |
| Amounts payable within one year | 42/48 | €175,106 | €217,482 | +€42,376 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €40,217 | €69,843 | +€29,627 | +73.7% |
| Financial debts | 43 | €6,632 | €6,641 | +€9 | +0.1% |
| Other loans | 439 | €6,632 | €6,641 | +€9 | +0.1% |
| Trade debts | 44 | €51,758 | €65,729 | +€13,971 | +27.0% |
| Suppliers | 440/4 | €51,758 | €65,729 | +€13,971 | +27.0% |
| Taxes, remuneration and social security | 45 | €54,016 | €40,569 | -€13,448 | -24.9% |
| Taxes | 450/3 | €41,573 | €40,569 | -€1,005 | -2.4% |
| Remuneration and social security | 454/9 | €12,443 | - | -€12,443 | |
| Other amounts payable | 47/48 | €22,483 | €34,700 | +€12,217 | +54.3% |
| Accrued charges and deferred income | 492/3 | - | €968 | +€968 | |
| Remuneration, social security and pensions | 62 | €94,929 | €31,135 | -€63,794 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,202 | €93,948 | +€48,745 | +107.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,971 | +€2,971 | |
| Other operating charges | 640/8 | €5,504 | €12,853 | +€7,349 | +133.5% |
| Gross operating margin | 9900 | €193,804 | €226,199 | +€32,395 | +16.7% |
| Operating profit (loss) | 9901 | €48,168 | €85,292 | +€37,124 | +77.1% |
| Financial income | 75/76B | €339 | - | -€339 | |
| Recurring financial income | 75 | €339 | - | -€339 | |
| Financial charges | 65/66B | €17,103 | €27,575 | +€10,473 | +61.2% |
| Recurring financial charges | 65 | €17,103 | €27,575 | +€10,473 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €31,405 | €57,716 | +€26,312 | +83.8% |
| Income taxes | 67/77 | €10,545 | €8,298 | -€2,247 | -21.3% |
| Profit (loss) for the period | 9904 | €20,860 | €49,419 | +€28,559 | +136.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,860 | €49,419 | +€28,559 | +136.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.