INNOVATION PROJETS: what changed
INNOVATION PROJETS
Largest movements
- Receivables within one year -€15,506
down €15,506 (-55.6%), from €27,887 to €12,381
of which Trade receivables: -€19,972
- Deferred charges and accrued income -€3,174
no longer reported in 2025 (was €3,174)
- Tangible fixed assets -€1,632
down €1,632 (-40.0%), from €4,075 to €2,443
- Trade debts -€26,032
down €26,032 (-91.7%), from €28,374 to €2,342
- Profit (loss) carried forward +€5,520
up €5,520 (+238%), from €2,318 to €7,837
- Tax, wage and social debts +€1,769
up €1,769 (+142%), from €1,246 to €3,015
- Other debts -€1,260
down €1,260 (-52.9%), from €2,384 to €1,124
- Gross operating margin +€3,887
up €3,887 (+64.1%), from €6,065 to €9,952
- Financial charges -€825
down €825 (-58.7%), from €1,406 to €581
- Depreciation +€811
up €811 (+98.9%), from €820 to €1,632
- Taxes +€523
up €523 (+42.0%), from €1,246 to €1,769
- Other operating charges +€198
up €198 (+69.3%), from €286 to €483
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,821 | €17,817 | -€20,004 | -52.9% |
| Fixed assets | 21/28 | €4,075 | €2,443 | -€1,632 | -40.0% |
| Tangible fixed assets | 22/27 | €4,075 | €2,443 | -€1,632 | -40.0% |
| Plant, machinery and equipment | 23 | €4,075 | €2,443 | -€1,632 | -40.0% |
| Current assets | 29/58 | €33,746 | €15,374 | -€18,372 | -54.4% |
| Amounts receivable within one year | 40/41 | €27,887 | €12,381 | -€15,506 | -55.6% |
| Trade receivables | 40 | €27,127 | €7,155 | -€19,972 | -73.6% |
| Other amounts receivable | 41 | €760 | €5,225 | +€4,465 | +588% |
| Cash at bank and in hand | 54/58 | €2,685 | €2,994 | +€309 | +11.5% |
| Deferred charges and accrued income | 490/1 | €3,174 | - | -€3,174 | |
| Total equity and liabilities | 10/49 | €37,821 | €17,817 | -€20,004 | -52.9% |
| Equity | 10/15 | €5,818 | €11,337 | +€5,520 | +94.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,318 | €7,837 | +€5,520 | +238% |
| Amounts payable | 17/49 | €32,003 | €6,480 | -€25,523 | -79.8% |
| Amounts payable within one year | 42/48 | €32,003 | €6,480 | -€25,523 | -79.8% |
| Trade debts | 44 | €28,374 | €2,342 | -€26,032 | -91.7% |
| Suppliers | 440/4 | €28,374 | €2,342 | -€26,032 | -91.7% |
| Taxes, remuneration and social security | 45 | €1,246 | €3,015 | +€1,769 | +142% |
| Taxes | 450/3 | €1,246 | €3,015 | +€1,769 | +142% |
| Other amounts payable | 47/48 | €2,384 | €1,124 | -€1,260 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €820 | €1,632 | +€811 | +98.9% |
| Other operating charges | 640/8 | €286 | €483 | +€198 | +69.3% |
| Gross operating margin | 9900 | €6,065 | €9,952 | +€3,887 | +64.1% |
| Operating profit (loss) | 9901 | €4,959 | €7,837 | +€2,877 | +58.0% |
| Financial income | 75/76B | €10 | €32 | +€22 | +219% |
| Recurring financial income | 75 | €10 | €32 | +€22 | +219% |
| Financial charges | 65/66B | €1,406 | €581 | -€825 | -58.7% |
| Recurring financial charges | 65 | €1,406 | €581 | -€825 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €3,563 | €7,288 | +€3,725 | +105% |
| Income taxes | 67/77 | €1,246 | €1,769 | +€523 | +42.0% |
| Profit (loss) for the period | 9904 | €2,318 | €5,520 | +€3,202 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €2,318 | €5,520 | +€3,202 | +138% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.