Innovation Lab: 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 Lab
Largest movements
- Receivables within one year -€402,610
down €402,610 (-45.4%), from €886,442 to €483,833
of which Trade receivables: -€525,937
- Stocks and contracts +€80,578
up €80,578 (+31.5%), from €255,614 to €336,192
- Tangible fixed assets -€55,908
down €55,908 (-47.9%), from €116,669 to €60,761
of which Plant, machinery and equipment: -€49,700
- Profit (loss) carried forward -€2.0m
down €2.0m (-87.6%), from -€2.2m to -€4.2m
- Other debts +€1.7m
up €1.7m (+63.1%), from €2.6m to €4.3m
- Tax, wage and social debts -€135,396
down €135,396 (-82.2%), from €164,729 to €29,334
of which Taxes: -€114,949
- Trade debts +€74,601
up €74,601 (+24.5%), from €304,041 to €378,642
- Turnover -€1.8m
down €1.8m (-68.6%), from €2.6m to €801,936
- Gross operating margin -€1.3m
down €1.3m (-6,048%), from -€21,406 to -€1.3m
- Purchases and services +€333,358
up €333,358 (+17.6%), from €1.9m to €2.2m
- Staff costs -€85,348
down €85,348 (-16.7%), from €511,406 to €426,058
- Financial charges +€45,837
up €45,837 (+39.7%), from €115,584 to €161,421
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 | €1,278,009 | €900,691 | -€377,318 | -29.5% |
| Fixed assets | 21/28 | €120,269 | €64,361 | -€55,908 | -46.5% |
| Tangible fixed assets | 22/27 | €116,669 | €60,761 | -€55,908 | -47.9% |
| Plant, machinery and equipment | 23 | €109,994 | €60,295 | -€49,700 | -45.2% |
| Furniture and vehicles | 24 | €6,019 | - | -€6,019 | |
| Other tangible fixed assets | 26 | €655 | €466 | -€189 | -28.9% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €1,157,740 | €836,330 | -€321,410 | -27.8% |
| Stocks and contracts in progress | 3 | €255,614 | €336,192 | +€80,578 | +31.5% |
| Contracts in progress | 37 | €255,614 | €336,192 | +€80,578 | +31.5% |
| Amounts receivable within one year | 40/41 | €886,442 | €483,833 | -€402,610 | -45.4% |
| Trade receivables | 40 | €886,442 | €360,505 | -€525,937 | -59.3% |
| Other amounts receivable | 41 | - | €123,328 | +€123,328 | |
| Cash at bank and in hand | 54/58 | €6,704 | €7,226 | +€522 | +7.8% |
| Deferred charges and accrued income | 490/1 | €8,979 | €9,079 | +€100 | +1.1% |
| Total equity and liabilities | 10/49 | €1,278,009 | €900,691 | -€377,318 | -29.5% |
| Equity | 10/15 | -€2,175,129 | -€4,135,412 | -€2.0m | -90.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,237,129 | -€4,197,412 | -€2.0m | -87.6% |
| Provisions and deferred taxes | 16 | - | €17 | +€17 | |
| Provisions for liabilities and charges | 160/5 | - | €17 | +€17 | |
| Pensions and similar obligations | 160 | - | €17 | +€17 | |
| Amounts payable | 17/49 | €3,453,138 | €5,036,086 | +€1.6m | +45.8% |
| Amounts payable within one year | 42/48 | €3,450,569 | €5,036,086 | +€1.6m | +45.9% |
| Trade debts | 44 | €304,041 | €378,642 | +€74,601 | +24.5% |
| Suppliers | 440/4 | €304,041 | €378,642 | +€74,601 | +24.5% |
| Advances received on contracts in progress | 46 | €365,770 | €360,135 | -€5,635 | -1.5% |
| Taxes, remuneration and social security | 45 | €164,729 | €29,334 | -€135,396 | -82.2% |
| Taxes | 450/3 | €115,838 | €889 | -€114,949 | -99.2% |
| Remuneration and social security | 454/9 | €48,892 | €28,445 | -€20,447 | -41.8% |
| Other amounts payable | 47/48 | €2,616,029 | €4,267,975 | +€1.7m | +63.1% |
| Accrued charges and deferred income | 492/3 | €2,569 | - | -€2,569 | |
| Turnover | 70 | €2,556,553 | €801,936 | -€1.8m | -68.6% |
| Non-recurring operating income | 76A | - | €6,349 | +€6,349 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,899,317 | €2,232,675 | +€333,358 | +17.6% |
| Remuneration, social security and pensions | 62 | €511,406 | €426,058 | -€85,348 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,072 | €43,411 | -€2,661 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17 | +€17 | |
| Other operating charges | 640/8 | €12,792 | €3,452 | -€9,339 | -73.0% |
| Non-recurring operating charges | 66A | - | €10,075 | +€10,075 | |
| Gross operating margin | 9900 | -€21,406 | -€1,315,960 | -€1.3m | -6,048% |
| Operating profit (loss) | 9901 | -€591,676 | -€1,798,972 | -€1.2m | -204% |
| Financial income | 75/76B | €853 | €111 | -€742 | -87.0% |
| Recurring financial income | 75 | €853 | €111 | -€742 | -87.0% |
| Financial charges | 65/66B | €115,584 | €161,421 | +€45,837 | +39.7% |
| Recurring financial charges | 65 | €115,584 | €161,421 | +€45,837 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | -€706,407 | -€1,960,282 | -€1.3m | -178% |
| Income taxes | 67/77 | €655 | - | -€655 | |
| Profit (loss) for the period | 9904 | -€707,062 | -€1,960,282 | -€1.3m | -177% |
| Profit (loss) for the period to be appropriated | 9905 | -€707,062 | -€1,960,282 | -€1.3m | -177% |
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 22 October 2026 via checked.be.