INNOVATREE: 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.
INNOVATREE
Largest movements
- Receivables within one year +€18,029
up €18,029 (+159.9%), from €11,275 to €29,304
of which Other amounts receivable: +€14,530
- Cash +€10,396
up €10,396 (+440.0%), from €2,363 to €12,759
mainly Net result for the year (+€45,271) and Other debts (+€13,570)
- Tangible fixed assets -€3,351
down €3,351 (-21.8%), from €15,348 to €11,997
of which Furniture and vehicles: -€1,798
- Other debts +€13,570
up €13,570 (+46.1%), from €29,430 to €43,000
- Trade debts +€6,089
up €6,089 (+433.8%), from €1,404 to €7,493
- Tax, wage and social debts +€3,248
up €3,248 (+29.2%), from €11,143 to €14,391
of which Taxes: +€3,757
- Profit (loss) carried forward +€2,271
up €2,271 (+223.4%), from €1,017 to €3,288
- Gross operating margin +€20,387
up €20,387 (+49.0%), from €41,566 to €61,953
- Taxes +€4,436
up €4,436 (+54.5%), from €8,147 to €12,584
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 | €68,557 | €93,738 | +€25,181 | +36.7% |
| Fixed assets | 21/28 | €53,403 | €50,052 | -€3,351 | -6.3% |
| Tangible fixed assets | 22/27 | €15,348 | €11,997 | -€3,351 | -21.8% |
| Furniture and vehicles | 24 | €6,482 | €4,684 | -€1,798 | -27.7% |
| Other tangible fixed assets | 26 | €8,866 | €7,312 | -€1,554 | -17.5% |
| Financial fixed assets | 28 | €38,055 | €38,055 | = | 0.0% |
| Current assets | 29/58 | €15,155 | €43,687 | +€28,532 | +188.3% |
| Amounts receivable within one year | 40/41 | €11,275 | €29,304 | +€18,029 | +159.9% |
| Trade receivables | 40 | €11,260 | €14,759 | +€3,499 | +31.1% |
| Other amounts receivable | 41 | €15 | €14,545 | +€14,530 | +96867.7% |
| Cash at bank and in hand | 54/58 | €2,363 | €12,759 | +€10,396 | +440.0% |
| Deferred charges and accrued income | 490/1 | €1,517 | €1,624 | +€107 | +7.0% |
| Total equity and liabilities | 10/49 | €68,557 | €93,738 | +€25,181 | +36.7% |
| Equity | 10/15 | €26,517 | €28,788 | +€2,271 | +8.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,017 | €3,288 | +€2,271 | +223.4% |
| Amounts payable | 17/49 | €42,040 | €64,950 | +€22,909 | +54.5% |
| Amounts payable within one year | 42/48 | €41,977 | €64,884 | +€22,907 | +54.6% |
| Trade debts | 44 | €1,404 | €7,493 | +€6,089 | +433.8% |
| Suppliers | 440/4 | €1,404 | €7,493 | +€6,089 | +433.8% |
| Taxes, remuneration and social security | 45 | €11,143 | €14,391 | +€3,248 | +29.2% |
| Taxes | 450/3 | €10,635 | €14,391 | +€3,757 | +35.3% |
| Remuneration and social security | 454/9 | €508 | - | -€508 | |
| Other amounts payable | 47/48 | €29,430 | €43,000 | +€13,570 | +46.1% |
| Accrued charges and deferred income | 492/3 | €64 | €66 | +€2 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,351 | €3,351 | = | 0.0% |
| Other operating charges | 640/8 | €660 | €726 | +€66 | +10.0% |
| Gross operating margin | 9900 | €41,566 | €61,953 | +€20,387 | +49.0% |
| Operating profit (loss) | 9901 | €37,555 | €57,876 | +€20,321 | +54.1% |
| Financial income | 75/76B | €6 | €33 | +€27 | +496.9% |
| Recurring financial income | 75 | €6 | €33 | +€27 | +496.9% |
| Financial charges | 65/66B | €281 | €54 | -€227 | -80.8% |
| Recurring financial charges | 65 | €281 | €54 | -€227 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €37,280 | €57,855 | +€20,575 | +55.2% |
| Income taxes | 67/77 | €8,147 | €12,584 | +€4,436 | +54.5% |
| Profit (loss) for the period | 9904 | €29,133 | €45,271 | +€16,139 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,133 | €45,271 | +€16,139 | +55.4% |
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 9 October 2026 via checked.be.