INNOVATION FACILITIES: 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 FACILITIES
Largest movements
- Tangible fixed assets +€69,020
up €69,020 (+2.3%), from €3.0m to €3.1m
of which Plant, machinery and equipment: +€190,046
- Cash -€35,106
down €35,106 (-35.3%), from €99,527 to €64,421
mainly Debts after one year (-€234,249) and Investment in fixed assets (net) (-€190,192)
- Debts after one year -€234,249
down €234,249 (-13.6%), from €1.7m to €1.5m
- Profit (loss) carried forward +€108,710
up €108,710 (+23.7%), from €459,190 to €567,899
- Other debts +€93,440
new in 2025: €93,440
- Trade debts +€33,918
up €33,918 (+91.0%), from €37,261 to €71,179
- Other operating charges -€182,428
down €182,428 (-42.2%), from €432,160 to €249,731
- Gross operating margin -€116,484
down €116,484 (-19.1%), from €611,401 to €494,917
- Depreciation +€15,263
up €15,263 (+14.4%), from €105,909 to €121,173
- Financial income -€9,056
down €9,056 (-27.4%), from €33,056 to €24,000
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 | €3,290,866 | €3,302,060 | +€11,194 | +0.3% |
| Fixed assets | 21/28 | €3,053,477 | €3,122,497 | +€69,020 | +2.3% |
| Tangible fixed assets | 22/27 | €3,047,155 | €3,116,175 | +€69,020 | +2.3% |
| Land and buildings | 22 | €2,932,138 | €2,833,839 | -€98,299 | -3.4% |
| Plant, machinery and equipment | 23 | €92,290 | €282,336 | +€190,046 | +206% |
| Assets under construction and advance payments | 27 | €22,727 | - | -€22,727 | |
| Financial fixed assets | 28 | €6,322 | €6,322 | = | 0.0% |
| Current assets | 29/58 | €237,389 | €179,563 | -€57,826 | -24.4% |
| Amounts receivable within one year | 40/41 | €124,714 | €102,820 | -€21,893 | -17.6% |
| Trade receivables | 40 | €54,944 | €83,924 | +€28,981 | +52.7% |
| Other amounts receivable | 41 | €69,770 | €18,896 | -€50,874 | -72.9% |
| Cash at bank and in hand | 54/58 | €99,527 | €64,421 | -€35,106 | -35.3% |
| Deferred charges and accrued income | 490/1 | €13,148 | €12,321 | -€827 | -6.3% |
| Total equity and liabilities | 10/49 | €3,290,866 | €3,302,060 | +€11,194 | +0.3% |
| Equity | 10/15 | €1,235,889 | €1,314,164 | +€78,275 | +6.3% |
| Contributions | 10/11 | €77,907 | €77,907 | = | 0.0% |
| Capital | 10 | €76,954 | €76,954 | = | 0.0% |
| Issued capital | 100 | €76,954 | €76,954 | = | 0.0% |
| Contributions outside capital | 11 | €953 | €953 | = | 0.0% |
| Share premium | 1100/10 | €953 | €953 | = | 0.0% |
| Reserves | 13 | €193,660 | €186,735 | -€6,925 | -3.6% |
| Non-distributable reserves | 130/1 | €7,695 | €7,695 | = | 0.0% |
| Legal reserve | 130 | €7,695 | €7,695 | = | 0.0% |
| Tax-exempt reserves | 132 | €152,344 | €145,419 | -€6,925 | -4.5% |
| Distributable reserves | 133 | €33,621 | €33,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | €459,190 | €567,899 | +€108,710 | +23.7% |
| Investment grants | 15 | €505,132 | €481,623 | -€23,510 | -4.7% |
| Provisions and deferred taxes | 16 | €50,781 | €48,473 | -€2,308 | -4.5% |
| Deferred taxes | 168 | €50,781 | €48,473 | -€2,308 | -4.5% |
| Amounts payable | 17/49 | €2,004,196 | €1,939,423 | -€64,773 | -3.2% |
| Amounts payable after more than one year | 17 | €1,721,461 | €1,487,213 | -€234,249 | -13.6% |
| Financial debts | 170/4 | €1,721,461 | €1,487,213 | -€234,249 | -13.6% |
| Amounts payable within one year | 42/48 | €282,735 | €452,210 | +€169,476 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | €238,184 | €258,886 | +€20,702 | +8.7% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €37,261 | €71,179 | +€33,918 | +91.0% |
| Suppliers | 440/4 | €37,261 | €71,179 | +€33,918 | +91.0% |
| Taxes, remuneration and social security | 45 | €7,290 | €13,705 | +€6,415 | +88.0% |
| Taxes | 450/3 | €7,290 | €13,705 | +€6,415 | +88.0% |
| Other amounts payable | 47/48 | - | €93,440 | +€93,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,909 | €121,173 | +€15,263 | +14.4% |
| Other operating charges | 640/8 | €432,160 | €249,731 | -€182,428 | -42.2% |
| Gross operating margin | 9900 | €611,401 | €494,917 | -€116,484 | -19.1% |
| Operating profit (loss) | 9901 | €73,332 | €124,013 | +€50,681 | +69.1% |
| Financial income | 75/76B | €33,056 | €24,000 | -€9,056 | -27.4% |
| Recurring financial income | 75 | €33,056 | €24,000 | -€9,056 | -27.4% |
| Financial charges | 65/66B | €53,800 | €48,536 | -€5,263 | -9.8% |
| Recurring financial charges | 65 | €53,800 | €48,536 | -€5,263 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €52,589 | €99,477 | +€46,888 | +89.2% |
| Transfer from deferred taxes | 780 | €2,308 | €2,308 | = | 0.0% |
| Profit (loss) for the period | 9904 | €54,897 | €101,785 | +€46,888 | +85.4% |
| Transfer from tax-exempt reserves | 789 | €6,925 | €6,925 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,822 | €108,710 | +€46,888 | +75.8% |
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 25 October 2026 via checked.be.