INNOVATION ENGINEERING & CONSTRUCTION: 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 ENGINEERING & CONSTRUCTION
Largest movements
- Receivables within one year -€165,325
down €165,325 (-22.7%), from €729,262 to €563,937
of which Trade receivables: -€181,981
- Tangible fixed assets +€63,780
up €63,780 (+35.6%), from €178,938 to €242,717
of which Land and buildings: +€36,938
- Stocks and contracts +€56,236
up €56,236 (+108%), from €52,000 to €108,236
of which Contracts in progress: +€56,236
- Cash +€30,518
up €30,518 (+7.0%), from €433,052 to €463,570
mainly Receivables within one year (+€165,325) and Advances received (+€97,000)
- Trade debts -€112,114
down €112,114 (-37.8%), from €296,900 to €184,786
- Reserves -€100,000
down €100,000 (-35.7%), from €280,292 to €180,292
of which Distributable reserves: -€100,000
- Advances received +€97,000
up €97,000 (+94.2%), from €103,000 to €200,000
- Profit (loss) carried forward +€80,384
up €80,384 (+16.7%), from €482,322 to €562,706
- Tax, wage and social debts +€25,395
up €25,395 (+15.5%), from €163,934 to €189,330
of which Taxes: +€20,718
- Staff costs +€73,990
up €73,990 (+10.9%), from €675,950 to €749,940
- Taxes -€26,866
down €26,866 (-50.6%), from €53,135 to €26,269
- Depreciation +€18,572
up €18,572 (+53.2%), from €34,908 to €53,480
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 | €1,405,448 | €1,398,252 | -€7,197 | -0.5% |
| Fixed assets | 21/28 | €178,938 | €242,717 | +€63,780 | +35.6% |
| Tangible fixed assets | 22/27 | €178,938 | €242,717 | +€63,780 | +35.6% |
| Land and buildings | 22 | €37,659 | €74,597 | +€36,938 | +98.1% |
| Plant, machinery and equipment | 23 | €73,631 | €90,662 | +€17,031 | +23.1% |
| Furniture and vehicles | 24 | €67,648 | €77,459 | +€9,811 | +14.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,226,511 | €1,155,534 | -€70,976 | -5.8% |
| Stocks and contracts in progress | 3 | €52,000 | €108,236 | +€56,236 | +108% |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €52,000 | €108,236 | +€56,236 | +108% |
| Amounts receivable within one year | 40/41 | €729,262 | €563,937 | -€165,325 | -22.7% |
| Trade receivables | 40 | €729,262 | €547,281 | -€181,981 | -25.0% |
| Other amounts receivable | 41 | €0 | €16,656 | +€16,656 | |
| Cash at bank and in hand | 54/58 | €433,052 | €463,570 | +€30,518 | +7.0% |
| Deferred charges and accrued income | 490/1 | €12,196 | €19,791 | +€7,595 | +62.3% |
| Total equity and liabilities | 10/49 | €1,405,448 | €1,398,252 | -€7,197 | -0.5% |
| Equity | 10/15 | €832,614 | €812,998 | -€19,616 | -2.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €280,292 | €180,292 | -€100,000 | -35.7% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,986 | €29,986 | = | 0.0% |
| Distributable reserves | 133 | €243,306 | €143,306 | -€100,000 | -41.1% |
| Profit (loss) carried forward | 14 | €482,322 | €562,706 | +€80,384 | +16.7% |
| Amounts payable | 17/49 | €572,834 | €585,253 | +€12,419 | +2.2% |
| Amounts payable within one year | 42/48 | €563,834 | €574,116 | +€10,282 | +1.8% |
| Trade debts | 44 | €296,900 | €184,786 | -€112,114 | -37.8% |
| Suppliers | 440/4 | €296,900 | €184,786 | -€112,114 | -37.8% |
| Advances received on contracts in progress | 46 | €103,000 | €200,000 | +€97,000 | +94.2% |
| Taxes, remuneration and social security | 45 | €163,934 | €189,330 | +€25,395 | +15.5% |
| Taxes | 450/3 | €75,280 | €95,998 | +€20,718 | +27.5% |
| Remuneration and social security | 454/9 | €88,655 | €93,332 | +€4,677 | +5.3% |
| Accrued charges and deferred income | 492/3 | €9,000 | €11,137 | +€2,137 | +23.7% |
| Non-recurring operating income | 76A | €475 | €0 | -€475 | -100% |
| Remuneration, social security and pensions | 62 | €675,950 | €749,940 | +€73,990 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,908 | €53,480 | +€18,572 | +53.2% |
| Other operating charges | 640/8 | €10,625 | €9,585 | -€1,040 | -9.8% |
| Non-recurring operating charges | 66A | €853 | €810 | -€43 | -5.0% |
| Gross operating margin | 9900 | €925,639 | €925,714 | +€75 | 0.0% |
| Operating profit (loss) | 9901 | €203,303 | €111,899 | -€91,404 | -45.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €4,270 | €5,246 | +€976 | +22.8% |
| Recurring financial charges | 65 | €4,270 | €5,246 | +€976 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €199,033 | €106,654 | -€92,380 | -46.4% |
| Income taxes | 67/77 | €53,135 | €26,269 | -€26,866 | -50.6% |
| Profit (loss) for the period | 9904 | €145,898 | €80,384 | -€65,514 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €145,898 | €80,384 | -€65,514 | -44.9% |
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 23 October 2026 via checked.be.