INNOVATUS: 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.
INNOVATUS
Largest movements
- Cash -€4,262
down €4,262 (-22.3%), from €19,147 to €14,884
mainly Accrued charges and deferred income (-€10,141) and Debts after one year (-€9,277)
- Receivables within one year -€3,784
down €3,784 (-84.6%), from €4,472 to €689
of which Trade receivables: -€4,320
- Profit (loss) carried forward +€16,883
up €16,883, from -€16,883 to €0
- Accrued charges and deferred income -€10,141
down €10,141 (-100%), from €10,141 to €0
- Debts after one year -€9,277
down €9,277 (-100%), from €9,277 to €0
- Current portion of long-term debt -€6,051
down €6,051 (-100%), from €6,051 to €0
- Trade debts +€1,491
up €1,491 (+219%), from €680 to €2,171
- Gross operating margin +€32,765
up €32,765, from -€11,181 to €21,584
- Financial charges +€2,521
up €2,521 (+348%), from €725 to €3,246
- Other operating charges +€396
up €396 (+242%), from €164 to €560
- Taxes +€384
new in 2025: €384
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 | €24,217 | €16,348 | -€7,869 | -32.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €24,217 | €16,348 | -€7,869 | -32.5% |
| Amounts receivable within one year | 40/41 | €4,472 | €689 | -€3,784 | -84.6% |
| Trade receivables | 40 | €4,320 | €0 | -€4,320 | -100% |
| Other amounts receivable | 41 | €152 | €689 | +€537 | +353% |
| Cash at bank and in hand | 54/58 | €19,147 | €14,884 | -€4,262 | -22.3% |
| Deferred charges and accrued income | 490/1 | €598 | €775 | +€177 | +29.6% |
| Total equity and liabilities | 10/49 | €24,217 | €16,348 | -€7,869 | -32.5% |
| Equity | 10/15 | -€3,813 | €13,582 | +€17,394 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,870 | €7,382 | +€511 | +7.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €6,870 | €7,382 | +€511 | +7.4% |
| Profit (loss) carried forward | 14 | -€16,883 | €0 | +€16,883 | |
| Amounts payable | 17/49 | €28,030 | €2,766 | -€25,263 | -90.1% |
| Amounts payable after more than one year | 17 | €9,277 | €0 | -€9,277 | -100% |
| Financial debts | 170/4 | €9,277 | €0 | -€9,277 | -100% |
| Amounts payable within one year | 42/48 | €8,612 | €2,766 | -€5,846 | -67.9% |
| Current portion of amounts payable after more than one year | 42 | €6,051 | €0 | -€6,051 | -100% |
| Financial debts | 43 | €227 | €212 | -€15 | -6.8% |
| Credit institutions | 430/8 | €227 | €212 | -€15 | -6.8% |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €680 | €2,171 | +€1,491 | +219% |
| Suppliers | 440/4 | €680 | €2,171 | +€1,491 | +219% |
| Taxes, remuneration and social security | 45 | €1,654 | €384 | -€1,271 | -76.8% |
| Taxes | 450/3 | €1,654 | €384 | -€1,271 | -76.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €10,141 | €0 | -€10,141 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €164 | €560 | +€396 | +242% |
| Non-recurring operating charges | 66A | €408 | €0 | -€408 | -100% |
| Gross operating margin | 9900 | -€11,181 | €21,584 | +€32,765 | |
| Operating profit (loss) | 9901 | -€11,754 | €21,024 | +€32,777 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €725 | €3,246 | +€2,521 | +348% |
| Recurring financial charges | 65 | €725 | €3,246 | +€2,521 | +348% |
| Profit (loss) for the period before taxes | 9903 | -€12,478 | €17,778 | +€30,256 | |
| Income taxes | 67/77 | - | €384 | +€384 | |
| Profit (loss) for the period | 9904 | -€12,478 | €17,394 | +€29,873 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,478 | €17,394 | +€29,873 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.