InnoVelTec: 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.
InnoVelTec
Largest movements
- Receivables within one year +€17,228
up €17,228 (+137%), from €12,538 to €29,766
of which Trade receivables: +€17,452
- Cash -€16,668
down €16,668 (-23.9%), from €69,710 to €53,042
mainly Contributions, distributions and other (-€43,529) and Receivables within one year (-€17,228)
- Tangible fixed assets +€2,720
up €2,720 (+62.5%), from €4,352 to €7,072
of which Furniture and vehicles: +€3,080
- Deferred charges and accrued income -€1,855
down €1,855 (-30.5%), from €6,071 to €4,217
- Reserves -€10,428
down €10,428 (-18.9%), from €55,119 to €44,691
of which Distributable reserves: -€10,428
- Other debts +€5,965
up €5,965 (+98.8%), from €6,035 to €12,000
- Trade debts +€3,521
up €3,521 (+1,008%), from €349 to €3,870
- Debts after one year +€2,497
new in 2025: €2,497
- Tax, wage and social debts -€1,551
down €1,551 (-13.7%), from €11,317 to €9,766
- Gross operating margin +€16,596
up €16,596 (+53.5%), from €30,996 to €47,591
- Taxes +€3,888
up €3,888 (+64.9%), from €5,986 to €9,874
- Depreciation -€1,483
down €1,483 (-32.3%), from €4,597 to €3,114
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 | €92,671 | €94,096 | +€1,425 | +1.5% |
| Fixed assets | 21/28 | €4,352 | €7,072 | +€2,720 | +62.5% |
| Tangible fixed assets | 22/27 | €4,352 | €7,072 | +€2,720 | +62.5% |
| Plant, machinery and equipment | 23 | €572 | €211 | -€360 | -63.0% |
| Furniture and vehicles | 24 | €3,781 | €6,861 | +€3,080 | +81.5% |
| Current assets | 29/58 | €88,319 | €87,024 | -€1,294 | -1.5% |
| Amounts receivable within one year | 40/41 | €12,538 | €29,766 | +€17,228 | +137% |
| Trade receivables | 40 | €12,199 | €29,651 | +€17,452 | +143% |
| Other amounts receivable | 41 | €339 | €115 | -€224 | -66.1% |
| Cash at bank and in hand | 54/58 | €69,710 | €53,042 | -€16,668 | -23.9% |
| Deferred charges and accrued income | 490/1 | €6,071 | €4,217 | -€1,855 | -30.5% |
| Total equity and liabilities | 10/49 | €92,671 | €94,096 | +€1,425 | +1.5% |
| Equity | 10/15 | €73,719 | €63,291 | -€10,428 | -14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,119 | €44,691 | -€10,428 | -18.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,259 | €42,831 | -€10,428 | -19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,951 | €30,805 | +€11,853 | +62.5% |
| Amounts payable after more than one year | 17 | - | €2,497 | +€2,497 | |
| Financial debts | 170/4 | - | €2,497 | +€2,497 | |
| Amounts payable within one year | 42/48 | €17,701 | €26,550 | +€8,849 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | - | €914 | +€914 | |
| Trade debts | 44 | €349 | €3,870 | +€3,521 | +1,008% |
| Suppliers | 440/4 | €349 | €3,870 | +€3,521 | +1,008% |
| Taxes, remuneration and social security | 45 | €11,317 | €9,766 | -€1,551 | -13.7% |
| Taxes | 450/3 | €11,317 | €9,766 | -€1,551 | -13.7% |
| Other amounts payable | 47/48 | €6,035 | €12,000 | +€5,965 | +98.8% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,758 | +€508 | +40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,597 | €3,114 | -€1,483 | -32.3% |
| Other operating charges | 640/8 | €563 | €527 | -€36 | -6.3% |
| Gross operating margin | 9900 | €30,996 | €47,591 | +€16,596 | +53.5% |
| Operating profit (loss) | 9901 | €25,835 | €43,950 | +€18,115 | +70.1% |
| Financial income | 75/76B | €21 | €14 | -€7 | -34.4% |
| Recurring financial income | 75 | €21 | €14 | -€7 | -34.4% |
| Financial charges | 65/66B | €1,202 | €988 | -€215 | -17.9% |
| Recurring financial charges | 65 | €1,202 | €988 | -€215 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €24,653 | €42,976 | +€18,322 | +74.3% |
| Income taxes | 67/77 | €5,986 | €9,874 | +€3,888 | +64.9% |
| Profit (loss) for the period | 9904 | €18,667 | €33,101 | +€14,434 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,667 | €33,101 | +€14,434 | +77.3% |
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 15 October 2026 via checked.be.