INNOVATIVE MANAGEMENT: what changed
Two fiscal 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 MANAGEMENT
Largest movements
- Current investments +€48,964
up €48,964 (+9.8%), from €501,865 to €550,829
- Cash -€15,412
down €15,412 (-79.8%), from €19,315 to €3,902
mainly Current investments (-€48,964) and Investment in fixed assets (net) (-€12,258)
- Reserves +€31,009
up €31,009 (+4.6%), from €680,704 to €711,713
of which Distributable reserves: +€31,009
- Financial income +€6,123
up €6,123 (+22.1%), from €27,724 to €33,847
- Taxes +€5,273
up €5,273 (+84.6%), from €6,236 to €11,509
- Depreciation -€1,527
down €1,527 (-8.0%), from €18,995 to €17,468
- Turnover +€1,133
up €1,133 (+2.8%), from €40,760 to €41,893
- Financial charges -€850
down €850 (-50.5%), from €1,685 to €835
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 | €777,996 | €806,338 | +€28,342 | +3.6% |
| Fixed assets | 21/28 | €256,817 | €251,607 | -€5,210 | -2.0% |
| Tangible fixed assets | 22/27 | €256,817 | €251,607 | -€5,210 | -2.0% |
| Land and buildings | 22 | €255,369 | €250,456 | -€4,912 | -1.9% |
| Plant, machinery and equipment | 23 | €714 | €595 | -€120 | -16.7% |
| Furniture and vehicles | 24 | €734 | €556 | -€178 | -24.2% |
| Current assets | 29/58 | €521,179 | €554,731 | +€33,552 | +6.4% |
| Current investments | 50/53 | €501,865 | €550,829 | +€48,964 | +9.8% |
| Cash at bank and in hand | 54/58 | €19,315 | €3,902 | -€15,412 | -79.8% |
| Total equity and liabilities | 10/49 | €777,996 | €806,338 | +€28,342 | +3.6% |
| Equity | 10/15 | €747,628 | €782,201 | +€34,573 | +4.6% |
| Contributions | 10/11 | €35,915 | €35,915 | = | 0.0% |
| Capital | 10 | €35,915 | €35,915 | = | 0.0% |
| Issued capital | 100 | €38,592 | €38,592 | = | 0.0% |
| Uncalled capital | 101 | €2,677 | €2,677 | = | 0.0% |
| Reserves | 13 | €680,704 | €711,713 | +€31,009 | +4.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €678,845 | €709,854 | +€31,009 | +4.6% |
| Profit (loss) carried forward | 14 | €31,009 | €34,573 | +€3,564 | +11.5% |
| Provisions and deferred taxes | 16 | - | €500 | +€500 | |
| Provisions for liabilities and charges | 160/5 | - | €500 | +€500 | |
| Major repairs and maintenance | 162 | - | €500 | +€500 | |
| Amounts payable | 17/49 | €30,369 | €23,638 | -€6,731 | -22.2% |
| Amounts payable after more than one year | 17 | €29,569 | €22,838 | -€6,731 | -22.8% |
| Financial debts | 170/4 | €26,254 | €19,069 | -€7,186 | -27.4% |
| Other amounts payable | 178/9 | €3,314 | €3,769 | +€455 | +13.7% |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Turnover | 70 | €40,760 | €41,893 | +€1,133 | +2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,560 | €11,356 | +€796 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,995 | €17,468 | -€1,527 | -8.0% |
| Gross operating margin | 9900 | €30,200 | €30,537 | +€337 | +1.1% |
| Operating profit (loss) | 9901 | €11,205 | €13,069 | +€1,864 | +16.6% |
| Financial income | 75/76B | €27,724 | €33,847 | +€6,123 | +22.1% |
| Recurring financial income | 75 | €27,724 | €33,847 | +€6,123 | +22.1% |
| Financial charges | 65/66B | €1,685 | €835 | -€850 | -50.5% |
| Recurring financial charges | 65 | €1,685 | €835 | -€850 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €37,245 | €46,082 | +€8,837 | +23.7% |
| Income taxes | 67/77 | €6,236 | €11,509 | +€5,273 | +84.6% |
| Profit (loss) for the period | 9904 | €31,009 | €34,573 | +€3,564 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,009 | €34,573 | +€3,564 | +11.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.