Innoverde: 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.
Innoverde
Largest movements
- Receivables within one year +€180,676
up €180,676 (+16,791%), from €1,076 to €181,752
of which Trade receivables: +€180,000
- Cash +€39,283
up €39,283 (+257%), from €15,272 to €54,555
mainly Net result for the year (+€204,815) and Tax, wage and social debts (+€41,895)
- Current investments +€13,786
up €13,786 (+177%), from €7,767 to €21,553
- Tangible fixed assets +€5,915
up €5,915 (+2.9%), from €202,311 to €208,227
of which Land and buildings: +€5,176
- Reserves +€204,815
up €204,815 (+451%), from €45,455 to €250,270
- Tax, wage and social debts +€41,895
up €41,895 (+831%), from €5,043 to €46,938
- Debts after one year -€6,145
down €6,145 (-3.7%), from €166,709 to €160,564
- Gross operating margin +€248,378
up €248,378 (+679%), from €36,590 to €284,969
- Taxes +€57,031
up €57,031 (+1,140%), from €5,002 to €62,033
- Depreciation +€4,478
up €4,478 (+86.1%), from €5,204 to €9,683
- Other operating charges -€4,007
down €4,007 (-75.8%), from €5,286 to €1,278
- Financial charges +€3,710
up €3,710 (+94.8%), from €3,913 to €7,623
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 | €228,624 | €468,131 | +€239,508 | +105% |
| Fixed assets | 21/28 | €203,311 | €209,227 | +€5,915 | +2.9% |
| Tangible fixed assets | 22/27 | €202,311 | €208,227 | +€5,915 | +2.9% |
| Land and buildings | 22 | €197,431 | €202,607 | +€5,176 | +2.6% |
| Plant, machinery and equipment | 23 | €4,025 | €3,153 | -€872 | -21.7% |
| Furniture and vehicles | 24 | €856 | €2,468 | +€1,612 | +188% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €25,312 | €258,905 | +€233,592 | +923% |
| Amounts receivable within one year | 40/41 | €1,076 | €181,752 | +€180,676 | +16,791% |
| Trade receivables | 40 | - | €180,000 | +€180,000 | |
| Other amounts receivable | 41 | €1,076 | €1,752 | +€676 | +62.8% |
| Current investments | 50/53 | €7,767 | €21,553 | +€13,786 | +177% |
| Cash at bank and in hand | 54/58 | €15,272 | €54,555 | +€39,283 | +257% |
| Deferred charges and accrued income | 490/1 | €1,198 | €1,045 | -€153 | -12.8% |
| Total equity and liabilities | 10/49 | €228,624 | €468,131 | +€239,508 | +105% |
| Equity | 10/15 | €48,455 | €253,270 | +€204,815 | +423% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,455 | €250,270 | +€204,815 | +451% |
| Distributable reserves | 133 | €45,455 | €250,270 | +€204,815 | +451% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €180,169 | €214,861 | +€34,693 | +19.3% |
| Amounts payable after more than one year | 17 | €166,709 | €160,564 | -€6,145 | -3.7% |
| Financial debts | 170/4 | €166,709 | €160,564 | -€6,145 | -3.7% |
| Amounts payable within one year | 42/48 | €12,326 | €53,668 | +€41,342 | +335% |
| Current portion of amounts payable after more than one year | 42 | €5,902 | €6,145 | +€243 | +4.1% |
| Trade debts | 44 | €1,381 | €584 | -€797 | -57.7% |
| Suppliers | 440/4 | €1,381 | €584 | -€797 | -57.7% |
| Taxes, remuneration and social security | 45 | €5,043 | €46,938 | +€41,895 | +831% |
| Taxes | 450/3 | €5,043 | €46,938 | +€41,895 | +831% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,134 | €630 | -€504 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,204 | €9,683 | +€4,478 | +86.1% |
| Other operating charges | 640/8 | €5,286 | €1,278 | -€4,007 | -75.8% |
| Non-recurring operating charges | 66A | €697 | €0 | -€697 | -100% |
| Gross operating margin | 9900 | €36,590 | €284,969 | +€248,378 | +679% |
| Operating profit (loss) | 9901 | €25,403 | €274,008 | +€248,605 | +979% |
| Financial income | 75/76B | €392 | €463 | +€71 | +18.1% |
| Recurring financial income | 75 | €392 | €463 | +€71 | +18.1% |
| Financial charges | 65/66B | €3,913 | €7,623 | +€3,710 | +94.8% |
| Recurring financial charges | 65 | €3,913 | €7,623 | +€3,710 | +94.8% |
| Profit (loss) for the period before taxes | 9903 | €21,883 | €266,848 | +€244,965 | +1,119% |
| Income taxes | 67/77 | €5,002 | €62,033 | +€57,031 | +1,140% |
| Profit (loss) for the period | 9904 | €16,881 | €204,815 | +€187,934 | +1,113% |
| Profit (loss) for the period to be appropriated | 9905 | €16,881 | €204,815 | +€187,934 | +1,113% |
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 14 October 2026 via checked.be.