INNOVATO: 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.
INNOVATO
Largest movements
- Tangible fixed assets -€44,237
down €44,237 (-9.5%), from €465,933 to €421,696
of which Land and buildings: -€23,707
- Receivables within one year -€23,556
down €23,556 (-9.2%), from €256,595 to €233,039
of which Trade receivables: -€30,250
- Cash -€9,922
down €9,922 (-34.4%), from €28,878 to €18,957
mainly Debts after one year (-€48,966) and Trade debts (-€23,445)
- Debts after one year -€48,966
down €48,966 (-10.7%), from €458,126 to €409,160
- Trade debts -€23,445
down €23,445 (-82.8%), from €28,313 to €4,868
- Gross operating margin -€105,685
down €105,685 (-48.7%), from €216,856 to €111,171
- Taxes -€34,204
down €34,204 (-85.3%), from €40,101 to €5,897
- Staff costs +€31,645
up €31,645 (+195%), from €16,242 to €47,887
- Other operating charges -€19,898
down €19,898 (-87.1%), from €22,832 to €2,934
- Financial income +€6,308
up €6,308 (+110%), from €5,724 to €12,032
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 | €881,416 | €807,625 | -€73,791 | -8.4% |
| Fixed assets | 21/28 | €465,933 | €421,696 | -€44,237 | -9.5% |
| Tangible fixed assets | 22/27 | €465,933 | €421,696 | -€44,237 | -9.5% |
| Land and buildings | 22 | €428,477 | €404,770 | -€23,707 | -5.5% |
| Plant, machinery and equipment | 23 | €4,051 | €2,320 | -€1,731 | -42.7% |
| Furniture and vehicles | 24 | €33,405 | €14,606 | -€18,799 | -56.3% |
| Current assets | 29/58 | €415,483 | €385,929 | -€29,554 | -7.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €256,595 | €233,039 | -€23,556 | -9.2% |
| Trade receivables | 40 | €90,750 | €60,500 | -€30,250 | -33.3% |
| Other amounts receivable | 41 | €165,845 | €172,539 | +€6,694 | +4.0% |
| Current investments | 50/53 | €9,425 | €9,425 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,878 | €18,957 | -€9,922 | -34.4% |
| Deferred charges and accrued income | 490/1 | €20,584 | €24,508 | +€3,924 | +19.1% |
| Total equity and liabilities | 10/49 | €881,416 | €807,625 | -€73,791 | -8.4% |
| Equity | 10/15 | €224,296 | €228,658 | +€4,363 | +1.9% |
| Contributions | 10/11 | €68,592 | €68,592 | = | 0.0% |
| Reserves | 13 | €155,704 | €160,066 | +€4,363 | +2.8% |
| Non-distributable reserves | 130/1 | €7,826 | €0 | -€7,826 | -100% |
| Reserves not available under the articles | 1311 | €7,826 | €0 | -€7,826 | -100% |
| Tax-exempt reserves | 132 | €6,871 | €6,871 | = | 0.0% |
| Distributable reserves | 133 | €141,007 | €153,196 | +€12,189 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €46,867 | €46,867 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €46,867 | €46,867 | = | 0.0% |
| Pensions and similar obligations | 160 | €46,867 | €46,867 | = | 0.0% |
| Amounts payable | 17/49 | €610,253 | €532,100 | -€78,154 | -12.8% |
| Amounts payable after more than one year | 17 | €458,126 | €409,160 | -€48,966 | -10.7% |
| Financial debts | 170/4 | €458,126 | €409,160 | -€48,966 | -10.7% |
| Amounts payable within one year | 42/48 | €150,628 | €121,440 | -€29,188 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €47,870 | €48,966 | +€1,096 | +2.3% |
| Financial debts | 43 | €0 | €1,681 | +€1,681 | |
| Credit institutions | 430/8 | €0 | €1,681 | +€1,681 | |
| Trade debts | 44 | €28,313 | €4,868 | -€23,445 | -82.8% |
| Suppliers | 440/4 | €28,313 | €4,868 | -€23,445 | -82.8% |
| Taxes, remuneration and social security | 45 | €44,445 | €35,926 | -€8,519 | -19.2% |
| Taxes | 450/3 | €34,480 | €20,678 | -€13,802 | -40.0% |
| Remuneration and social security | 454/9 | €9,965 | €15,248 | +€5,283 | +53.0% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €16,242 | €47,887 | +€31,645 | +195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,135 | €45,564 | +€429 | +0.9% |
| Other operating charges | 640/8 | €22,832 | €2,934 | -€19,898 | -87.1% |
| Gross operating margin | 9900 | €216,856 | €111,171 | -€105,685 | -48.7% |
| Operating profit (loss) | 9901 | €132,647 | €14,787 | -€117,861 | -88.9% |
| Financial income | 75/76B | €5,724 | €12,032 | +€6,308 | +110% |
| Recurring financial income | 75 | €5,724 | €12,032 | +€6,308 | +110% |
| Financial charges | 65/66B | €22,047 | €16,559 | -€5,488 | -24.9% |
| Recurring financial charges | 65 | €22,047 | €16,559 | -€5,488 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €116,325 | €10,260 | -€106,065 | -91.2% |
| Income taxes | 67/77 | €40,101 | €5,897 | -€34,204 | -85.3% |
| Profit (loss) for the period | 9904 | €76,224 | €4,363 | -€71,861 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,224 | €4,363 | -€71,861 | -94.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.