INNOVI: 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.
INNOVI
Largest movements
- Receivables within one year +€288,972
up €288,972 (+55.1%), from €524,033 to €813,005
of which Other amounts receivable: +€247,690
- Financial fixed assets -€80,917
down €80,917 (-2.2%), from €3.7m to €3.6m
- Reserves +€275,048
up €275,048 (+8.9%), from €3.1m to €3.4m
of which Distributable reserves: +€275,048
- Short-term financial debts -€190,185
down €190,185 (-20.6%), from €922,185 to €732,000
- Other debts +€110,815
up €110,815 (+17.7%), from €626,851 to €737,666
- Gross operating margin +€26,748
up €26,748 (+16.7%), from €159,712 to €186,460
- Financial income +€20,769
up €20,769 (+8.2%), from €254,409 to €275,178
- Depreciation +€6,227
up €6,227 (+6.5%), from €95,852 to €102,079
- Financial charges +€6,015
up €6,015 (+8.7%), from €68,790 to €74,805
- Taxes +€2,151
up €2,151 (+542%), from €397 to €2,548
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 | €7,216,296 | €7,440,162 | +€223,867 | +3.1% |
| Fixed assets | 21/28 | €6,517,006 | €6,466,997 | -€50,010 | -0.8% |
| Tangible fixed assets | 22/27 | €2,804,249 | €2,835,156 | +€30,907 | +1.1% |
| Land and buildings | 22 | €2,679,773 | €2,723,559 | +€43,787 | +1.6% |
| Plant, machinery and equipment | 23 | €24,574 | €20,266 | -€4,309 | -17.5% |
| Furniture and vehicles | 24 | €93,902 | €85,331 | -€8,571 | -9.1% |
| Other tangible fixed assets | 26 | €6,000 | €6,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,712,758 | €3,631,841 | -€80,917 | -2.2% |
| Current assets | 29/58 | €699,289 | €973,165 | +€273,876 | +39.2% |
| Amounts receivable after more than one year | 29 | €74,984 | €78,673 | +€3,689 | +4.9% |
| Other amounts receivable | 291 | €74,984 | €78,673 | +€3,689 | +4.9% |
| Amounts receivable within one year | 40/41 | €524,033 | €813,005 | +€288,972 | +55.1% |
| Trade receivables | 40 | €16,556 | €57,838 | +€41,282 | +249% |
| Other amounts receivable | 41 | €507,476 | €755,167 | +€247,690 | +48.8% |
| Cash at bank and in hand | 54/58 | €98,184 | €79,392 | -€18,792 | -19.1% |
| Deferred charges and accrued income | 490/1 | €2,089 | €2,096 | +€7 | +0.3% |
| Total equity and liabilities | 10/49 | €7,216,296 | €7,440,162 | +€223,867 | +3.1% |
| Equity | 10/15 | €5,620,042 | €5,895,089 | +€275,048 | +4.9% |
| Contributions | 10/11 | €1,184,646 | €1,184,646 | = | 0.0% |
| Capital | 10 | €1,184,646 | €1,184,646 | = | 0.0% |
| Issued capital | 100 | €1,184,646 | €1,184,646 | = | 0.0% |
| Revaluation surpluses | 12 | €1,330,951 | €1,330,951 | = | 0.0% |
| Reserves | 13 | €3,104,445 | €3,379,492 | +€275,048 | +8.9% |
| Non-distributable reserves | 130/1 | €118,465 | €118,465 | = | 0.0% |
| Legal reserve | 130 | €118,465 | €118,465 | = | 0.0% |
| Distributable reserves | 133 | €2,985,980 | €3,261,027 | +€275,048 | +9.2% |
| Amounts payable | 17/49 | €1,596,254 | €1,545,073 | -€51,181 | -3.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,574,528 | €1,496,387 | -€78,141 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €922,185 | €732,000 | -€190,185 | -20.6% |
| Credit institutions | 430/8 | €922,185 | €732,000 | -€190,185 | -20.6% |
| Trade debts | 44 | €8,524 | €1,617 | -€6,907 | -81.0% |
| Suppliers | 440/4 | €8,524 | €1,617 | -€6,907 | -81.0% |
| Taxes, remuneration and social security | 45 | €16,967 | €25,104 | +€8,136 | +48.0% |
| Taxes | 450/3 | €16,967 | €25,104 | +€8,136 | +48.0% |
| Other amounts payable | 47/48 | €626,851 | €737,666 | +€110,815 | +17.7% |
| Accrued charges and deferred income | 492/3 | €21,726 | €48,686 | +€26,960 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,852 | €102,079 | +€6,227 | +6.5% |
| Other operating charges | 640/8 | €5,564 | €7,159 | +€1,595 | +28.7% |
| Gross operating margin | 9900 | €159,712 | €186,460 | +€26,748 | +16.7% |
| Operating profit (loss) | 9901 | €58,296 | €77,223 | +€18,926 | +32.5% |
| Financial income | 75/76B | €254,409 | €275,178 | +€20,769 | +8.2% |
| Recurring financial income | 75 | €254,409 | €275,178 | +€20,769 | +8.2% |
| Financial charges | 65/66B | €68,790 | €74,805 | +€6,015 | +8.7% |
| Recurring financial charges | 65 | €68,790 | €74,805 | +€6,015 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €243,916 | €277,595 | +€33,680 | +13.8% |
| Income taxes | 67/77 | €397 | €2,548 | +€2,151 | +542% |
| Profit (loss) for the period | 9904 | €243,518 | €275,048 | +€31,529 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €243,518 | €275,048 | +€31,529 | +12.9% |
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.