INNOVECO PROJECTS: 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.
INNOVECO PROJECTS
Largest movements
- Stocks and contracts +€408,517
up €408,517 (+15.4%), from €2.7m to €3.1m
- Cash -€41,380
down €41,380 (-43.9%), from €94,199 to €52,819
mainly Stocks and contracts (-€408,517) and Tax, wage and social debts (-€9,293)
- Short-term financial debts +€232,913
up €232,913 (+14.7%), from €1.6m to €1.8m
- Profit (loss) carried forward +€46,161
up €46,161 (+69.7%), from -€66,195 to -€20,034
- Other debts +€40,020
up €40,020 (+3.4%), from €1.2m to €1.2m
- Gross operating margin +€135,453
up €135,453, from -€14,323 to €121,130
- Financial charges +€23,544
up €23,544 (+46.1%), from €51,025 to €74,569
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 | €2,774,764 | €3,112,986 | +€338,222 | +12.2% |
| Current assets | 29/58 | €2,774,764 | €3,112,986 | +€338,222 | +12.2% |
| Stocks and contracts in progress | 3 | €2,651,192 | €3,059,708 | +€408,517 | +15.4% |
| Stocks | 30/36 | €2,651,192 | €3,059,708 | +€408,517 | +15.4% |
| Amounts receivable within one year | 40/41 | €29,373 | €458 | -€28,915 | -98.4% |
| Trade receivables | 40 | €29,373 | €58 | -€29,315 | -99.8% |
| Other amounts receivable | 41 | - | €400 | +€400 | |
| Cash at bank and in hand | 54/58 | €94,199 | €52,819 | -€41,380 | -43.9% |
| Total equity and liabilities | 10/49 | €2,774,764 | €3,112,986 | +€338,222 | +12.2% |
| Equity | 10/15 | -€61,195 | -€15,034 | +€46,161 | +75.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,195 | -€20,034 | +€46,161 | +69.7% |
| Amounts payable | 17/49 | €2,835,959 | €3,128,020 | +€292,061 | +10.3% |
| Amounts payable within one year | 42/48 | €2,824,890 | €3,102,015 | +€277,125 | +9.8% |
| Financial debts | 43 | €1,589,563 | €1,822,476 | +€232,913 | +14.7% |
| Credit institutions | 430/8 | €1,589,563 | €1,822,476 | +€232,913 | +14.7% |
| Trade debts | 44 | €38,779 | €52,264 | +€13,484 | +34.8% |
| Suppliers | 440/4 | €38,779 | €52,264 | +€13,484 | +34.8% |
| Taxes, remuneration and social security | 45 | €21,674 | €12,381 | -€9,293 | -42.9% |
| Taxes | 450/3 | €21,674 | €12,381 | -€9,293 | -42.9% |
| Other amounts payable | 47/48 | €1,174,874 | €1,214,894 | +€40,020 | +3.4% |
| Accrued charges and deferred income | 492/3 | €11,068 | €26,005 | +€14,937 | +134.9% |
| Other operating charges | 640/8 | €846 | €400 | -€447 | -52.8% |
| Gross operating margin | 9900 | -€14,323 | €121,130 | +€135,453 | |
| Operating profit (loss) | 9901 | -€15,169 | €120,730 | +€135,899 | |
| Financial charges | 65/66B | €51,025 | €74,569 | +€23,544 | +46.1% |
| Recurring financial charges | 65 | €51,025 | €74,569 | +€23,544 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | -€66,195 | €46,161 | +€112,355 | |
| Profit (loss) for the period | 9904 | -€66,195 | €46,161 | +€112,355 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,195 | €46,161 | +€112,355 |
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 6 October 2026 via checked.be.