Innovation X: 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 X
Largest movements
- Receivables within one year +€23,981
up €23,981 (+114.3%), from €20,975 to €44,956
of which Trade receivables: +€24,228
- Cash -€9,483
down €9,483 (-13.5%), from €70,050 to €60,566
mainly Receivables within one year (-€23,981) and Investment in fixed assets (net) (-€5,422)
- Tangible fixed assets +€3,716
up €3,716 (+155.0%), from €2,397 to €6,112
of which Furniture and vehicles: +€4,680
- Profit (loss) carried forward +€12,112
up €12,112 (+21.5%), from €56,399 to €68,511
- Tax, wage and social debts +€8,531
up €8,531 (+57.4%), from €14,854 to €23,385
of which Taxes: +€5,035
- Trade debts -€2,783
down €2,783 (-100.0%), from €2,783 to €0
- Gross operating margin -€39,476
down €39,476 (-66.9%), from €59,010 to €19,534
- Taxes -€7,584
down €7,584 (-60.1%), from €12,619 to €5,035
- Depreciation +€1,210
up €1,210 (+244.1%), from €496 to €1,706
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.
Cash bridge derived
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 | €93,421 | €111,634 | +€18,213 | +19.5% |
| Fixed assets | 21/28 | €2,397 | €6,112 | +€3,716 | +155.0% |
| Tangible fixed assets | 22/27 | €2,397 | €6,112 | +€3,716 | +155.0% |
| Plant, machinery and equipment | 23 | €2,397 | €1,432 | -€964 | -40.2% |
| Furniture and vehicles | 24 | - | €4,680 | +€4,680 | |
| Current assets | 29/58 | €91,025 | €105,522 | +€14,497 | +15.9% |
| Amounts receivable within one year | 40/41 | €20,975 | €44,956 | +€23,981 | +114.3% |
| Trade receivables | 40 | €20,452 | €44,679 | +€24,228 | +118.5% |
| Other amounts receivable | 41 | €523 | €276 | -€247 | -47.2% |
| Cash at bank and in hand | 54/58 | €70,050 | €60,566 | -€9,483 | -13.5% |
| Total equity and liabilities | 10/49 | €93,421 | €111,634 | +€18,213 | +19.5% |
| Equity | 10/15 | €59,399 | €71,511 | +€12,112 | +20.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,399 | €68,511 | +€12,112 | +21.5% |
| Amounts payable | 17/49 | €34,022 | €40,123 | +€6,101 | +17.9% |
| Amounts payable within one year | 42/48 | €34,022 | €39,472 | +€5,450 | +16.0% |
| Trade debts | 44 | €2,783 | €0 | -€2,783 | -100.0% |
| Suppliers | 440/4 | €2,783 | €0 | -€2,783 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,854 | €23,385 | +€8,531 | +57.4% |
| Taxes | 450/3 | €14,854 | €19,890 | +€5,035 | +33.9% |
| Remuneration and social security | 454/9 | - | €3,495 | +€3,495 | |
| Other amounts payable | 47/48 | €16,385 | €16,087 | -€298 | -1.8% |
| Accrued charges and deferred income | 492/3 | - | €651 | +€651 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €1,706 | +€1,210 | +244.1% |
| Other operating charges | 640/8 | - | €79 | +€79 | |
| Gross operating margin | 9900 | €59,010 | €19,534 | -€39,476 | -66.9% |
| Operating profit (loss) | 9901 | €58,514 | €17,749 | -€40,765 | -69.7% |
| Financial income | 75/76B | - | €173 | +€173 | |
| Recurring financial income | 75 | - | €173 | +€173 | |
| Financial charges | 65/66B | €649 | €774 | +€125 | +19.2% |
| Recurring financial charges | 65 | €649 | €774 | +€125 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €57,865 | €17,147 | -€40,717 | -70.4% |
| Income taxes | 67/77 | €12,619 | €5,035 | -€7,584 | -60.1% |
| Profit (loss) for the period | 9904 | €45,246 | €12,112 | -€33,133 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,246 | €12,112 | -€33,133 | -73.2% |
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 12 October 2026 via checked.be.