INNOVATION VALLEY: 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 VALLEY
Largest movements
- Receivables within one year -€33,483
down €33,483 (-93.5%), from €35,818 to €2,335
of which Trade receivables: -€33,990
- Cash +€17,762
up €17,762 (+199%), from €8,908 to €26,669
mainly Receivables within one year (+€33,483) and Net result for the year (+€6,137)
- Tangible fixed assets +€1,233
up €1,233 (+60.2%), from €2,050 to €3,284
- Other debts -€14,475
down €14,475 (-60.9%), from €23,759 to €9,284
- Profit (loss) carried forward +€5,337
new in 2022: €5,337
- Tax, wage and social debts -€3,567
down €3,567 (-17.6%), from €20,235 to €16,667
- Trade debts -€1,783
no longer reported in 2022 (was €1,783)
- Gross operating margin -€19,822
down €19,822 (-65.1%), from €30,467 to €10,645
- Taxes -€3,777
down €3,777 (-60.7%), from €6,220 to €2,443
- Depreciation +€983
up €983 (+660%), from €149 to €1,132
- Other operating charges +€353
up €353 (+101%), from €348 to €700
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,776 | €32,288 | -€14,488 | -31.0% |
| Fixed assets | 21/28 | €2,050 | €3,284 | +€1,233 | +60.2% |
| Tangible fixed assets | 22/27 | €2,050 | €3,284 | +€1,233 | +60.2% |
| Furniture and vehicles | 24 | €2,050 | €3,284 | +€1,233 | +60.2% |
| Current assets | 29/58 | €44,726 | €29,004 | -€15,722 | -35.2% |
| Amounts receivable within one year | 40/41 | €35,818 | €2,335 | -€33,483 | -93.5% |
| Trade receivables | 40 | €33,990 | - | -€33,990 | |
| Other amounts receivable | 41 | €1,828 | €2,335 | +€507 | +27.7% |
| Cash at bank and in hand | 54/58 | €8,908 | €26,669 | +€17,762 | +199% |
| Total equity and liabilities | 10/49 | €46,776 | €32,288 | -€14,488 | -31.0% |
| Equity | 10/15 | €1,000 | €6,337 | +€5,337 | +534% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,337 | +€5,337 | |
| Amounts payable | 17/49 | €45,776 | €25,951 | -€19,825 | -43.3% |
| Amounts payable within one year | 42/48 | €45,776 | €25,951 | -€19,825 | -43.3% |
| Trade debts | 44 | €1,783 | - | -€1,783 | |
| Suppliers | 440/4 | €1,783 | - | -€1,783 | |
| Taxes, remuneration and social security | 45 | €20,235 | €16,667 | -€3,567 | -17.6% |
| Taxes | 450/3 | €20,235 | €16,667 | -€3,567 | -17.6% |
| Other amounts payable | 47/48 | €23,759 | €9,284 | -€14,475 | -60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149 | €1,132 | +€983 | +660% |
| Other operating charges | 640/8 | €348 | €700 | +€353 | +101% |
| Gross operating margin | 9900 | €30,467 | €10,645 | -€19,822 | -65.1% |
| Operating profit (loss) | 9901 | €29,970 | €8,813 | -€21,158 | -70.6% |
| Financial income | 75/76B | €57 | - | -€57 | |
| Recurring financial income | 75 | €57 | - | -€57 | |
| Financial charges | 65/66B | €48 | €233 | +€184 | +383% |
| Recurring financial charges | 65 | €48 | €233 | +€184 | +383% |
| Profit (loss) for the period before taxes | 9903 | €29,980 | €8,580 | -€21,399 | -71.4% |
| Income taxes | 67/77 | €6,220 | €2,443 | -€3,777 | -60.7% |
| Profit (loss) for the period | 9904 | €23,759 | €6,137 | -€17,622 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,759 | €6,137 | -€17,622 | -74.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.