INNOVESYS: 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.
INNOVESYS
Largest movements
- Cash +€190,810
up €190,810 (+170.4%), from €111,988 to €302,798
mainly Net result for the year (+€164,927) and Other debts (+€38,717)
- Tangible fixed assets +€88,025
up €88,025 (+810.2%), from €10,865 to €98,891
of which Furniture and vehicles: +€57,218
- Receivables within one year -€24,149
down €24,149 (-8.9%), from €270,212 to €246,063
of which Trade receivables: -€21,928
- Reserves +€164,927
up €164,927 (+63.6%), from €259,176 to €424,103
- Other debts +€38,717
up €38,717 (+69.0%), from €56,089 to €94,805
- Trade debts +€30,640
up €30,640, from €0 to €30,640
- Tax, wage and social debts +€19,973
up €19,973 (+25.9%), from €77,229 to €97,203
of which Remuneration and social security: +€27,956
- Staff costs +€115,437
up €115,437 (+161.3%), from €71,558 to €186,995
- Gross operating margin +€108,506
up €108,506 (+32.1%), from €338,438 to €446,944
- Other operating charges +€25,342
up €25,342 (+2321.7%), from €1,092 to €26,434
- Depreciation +€12,112
up €12,112 (+358.5%), from €3,379 to €15,492
- Taxes -€10,595
down €10,595 (-16.7%), from €63,506 to €52,910
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 | €394,494 | €649,779 | +€255,285 | +64.7% |
| Fixed assets | 21/28 | €10,865 | €98,891 | +€88,025 | +810.2% |
| Tangible fixed assets | 22/27 | €10,865 | €98,891 | +€88,025 | +810.2% |
| Plant, machinery and equipment | 23 | €8,947 | €39,754 | +€30,807 | +344.3% |
| Furniture and vehicles | 24 | €1,918 | €59,136 | +€57,218 | +2983.2% |
| Current assets | 29/58 | €383,629 | €550,888 | +€167,260 | +43.6% |
| Amounts receivable within one year | 40/41 | €270,212 | €246,063 | -€24,149 | -8.9% |
| Trade receivables | 40 | €264,748 | €242,821 | -€21,928 | -8.3% |
| Other amounts receivable | 41 | €5,463 | €3,242 | -€2,221 | -40.7% |
| Cash at bank and in hand | 54/58 | €111,988 | €302,798 | +€190,810 | +170.4% |
| Deferred charges and accrued income | 490/1 | €1,429 | €2,028 | +€599 | +41.9% |
| Total equity and liabilities | 10/49 | €394,494 | €649,779 | +€255,285 | +64.7% |
| Equity | 10/15 | €261,176 | €426,103 | +€164,927 | +63.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €259,176 | €424,103 | +€164,927 | +63.6% |
| Distributable reserves | 133 | €259,176 | €424,103 | +€164,927 | +63.6% |
| Amounts payable | 17/49 | €133,318 | €223,676 | +€90,358 | +67.8% |
| Amounts payable within one year | 42/48 | €133,318 | €223,676 | +€90,358 | +67.8% |
| Financial debts | 43 | - | €1,029 | +€1,029 | |
| Credit institutions | 430/8 | - | €1,029 | +€1,029 | |
| Trade debts | 44 | €0 | €30,640 | +€30,640 | |
| Suppliers | 440/4 | €0 | €30,640 | +€30,640 | |
| Taxes, remuneration and social security | 45 | €77,229 | €97,203 | +€19,973 | +25.9% |
| Taxes | 450/3 | €53,961 | €45,979 | -€7,983 | -14.8% |
| Remuneration and social security | 454/9 | €23,268 | €51,224 | +€27,956 | +120.1% |
| Other amounts payable | 47/48 | €56,089 | €94,805 | +€38,717 | +69.0% |
| Remuneration, social security and pensions | 62 | €71,558 | €186,995 | +€115,437 | +161.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,379 | €15,492 | +€12,112 | +358.5% |
| Other operating charges | 640/8 | €1,092 | €26,434 | +€25,342 | +2321.7% |
| Gross operating margin | 9900 | €338,438 | €446,944 | +€108,506 | +32.1% |
| Operating profit (loss) | 9901 | €262,410 | €218,024 | -€44,386 | -16.9% |
| Financial income | 75/76B | €33 | €596 | +€563 | +1702.1% |
| Recurring financial income | 75 | €33 | €596 | +€563 | +1702.1% |
| Financial charges | 65/66B | €3,957 | €783 | -€3,174 | -80.2% |
| Recurring financial charges | 65 | €3,957 | €783 | -€3,174 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | €258,486 | €217,837 | -€40,648 | -15.7% |
| Income taxes | 67/77 | €63,506 | €52,910 | -€10,595 | -16.7% |
| Profit (loss) for the period | 9904 | €194,980 | €164,927 | -€30,053 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €194,980 | €164,927 | -€30,053 | -15.4% |
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 30 September 2026 via checked.be.