Innovative Capital: 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.
Innovative Capital
Largest movements
- Financial fixed assets +€122,760
new in 2025: €122,760
- Receivables within one year +€14,519
up €14,519 (+189%), from €7,691 to €22,210
of which Trade receivables: +€10,000
- Debts after one year +€96,943
new in 2025: €96,943
- Other debts +€27,510
new in 2025: €27,510
- Current portion of long-term debt +€10,083
new in 2025: €10,083
- Trade debts +€8,597
up €8,597 (+1,870%), from €460 to €9,057
- Profit (loss) carried forward -€5,565
down €5,565 (-208%), from -€2,679 to -€8,244
- Financial charges +€2,533
up €2,533 (+5,848%), from €43 to €2,576
- Other operating charges +€1,747
up €1,747 (+3,493%), from €50 to €1,797
- Depreciation -€1,043
no longer reported in 2025 (was €1,043)
- Gross operating margin +€350
up €350 (+22.7%), from -€1,542 to -€1,192
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 | €7,781 | €145,349 | +€137,568 | +1,768% |
| Fixed assets | 21/28 | - | €122,760 | +€122,760 | |
| Financial fixed assets | 28 | - | €122,760 | +€122,760 | |
| Current assets | 29/58 | €7,781 | €22,589 | +€14,808 | +190% |
| Amounts receivable within one year | 40/41 | €7,691 | €22,210 | +€14,519 | +189% |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | €7,691 | €12,210 | +€4,519 | +58.8% |
| Cash at bank and in hand | 54/58 | €90 | €379 | +€289 | +322% |
| Total equity and liabilities | 10/49 | €7,781 | €145,349 | +€137,568 | +1,768% |
| Equity | 10/15 | €7,321 | €1,756 | -€5,565 | -76.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,679 | -€8,244 | -€5,565 | -208% |
| Amounts payable | 17/49 | €460 | €143,593 | +€143,133 | +31,129% |
| Amounts payable after more than one year | 17 | - | €96,943 | +€96,943 | |
| Financial debts | 170/4 | - | €96,943 | +€96,943 | |
| Amounts payable within one year | 42/48 | €460 | €46,650 | +€46,190 | +10,046% |
| Current portion of amounts payable after more than one year | 42 | - | €10,083 | +€10,083 | |
| Trade debts | 44 | €460 | €9,057 | +€8,597 | +1,870% |
| Suppliers | 440/4 | €460 | €9,057 | +€8,597 | +1,870% |
| Other amounts payable | 47/48 | - | €27,510 | +€27,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,043 | - | -€1,043 | |
| Other operating charges | 640/8 | €50 | €1,797 | +€1,747 | +3,493% |
| Gross operating margin | 9900 | -€1,542 | -€1,192 | +€350 | +22.7% |
| Operating profit (loss) | 9901 | -€2,635 | -€2,989 | -€354 | -13.4% |
| Financial charges | 65/66B | €43 | €2,576 | +€2,533 | +5,848% |
| Recurring financial charges | 65 | €43 | €2,576 | +€2,533 | +5,848% |
| Profit (loss) for the period before taxes | 9903 | -€2,679 | -€5,565 | -€2,886 | -108% |
| Profit (loss) for the period | 9904 | -€2,679 | -€5,565 | -€2,886 | -108% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,679 | -€5,565 | -€2,886 | -108% |
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 14 October 2026 via checked.be.