INNOVIA: 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.
INNOVIA
Largest movements
- Receivables within one year +€77,314
up €77,314 (+19.5%), from €396,341 to €473,656
of which Other amounts receivable: +€89,403
- Tangible fixed assets -€74,465
down €74,465 (-3.0%), from €2.5m to €2.4m
of which Land and buildings: -€97,026
- Debts after one year -€62,516
down €62,516 (-16.4%), from €382,134 to €319,618
- Other debts +€43,896
up €43,896 (+96.7%), from €45,415 to €89,311
- Revaluation surpluses -€39,274
down €39,274 (-2.5%), from €1.6m to €1.6m
- Reserves +€39,274
up €39,274 (+7.4%), from €530,922 to €570,196
of which Distributable reserves: +€39,274
- Taxes +€38,638
up €38,638 (+5,329%), from €725 to €39,363
- Staff costs -€35,123
down €35,123 (-58.2%), from €60,329 to €25,206
- Gross operating margin +€21,079
up €21,079 (+7.7%), from €275,271 to €296,349
- Depreciation +€5,302
up €5,302 (+3.7%), from €142,770 to €148,072
- Financial charges -€3,292
down €3,292 (-16.5%), from €19,926 to €16,634
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 | €2,916,924 | €2,915,094 | -€1,830 | -0.1% |
| Fixed assets | 21/28 | €2,506,729 | €2,432,129 | -€74,600 | -3.0% |
| Tangible fixed assets | 22/27 | €2,502,089 | €2,427,624 | -€74,465 | -3.0% |
| Land and buildings | 22 | €2,259,546 | €2,162,520 | -€97,026 | -4.3% |
| Plant, machinery and equipment | 23 | €216,759 | €242,848 | +€26,089 | +12.0% |
| Furniture and vehicles | 24 | €25,784 | €22,256 | -€3,528 | -13.7% |
| Financial fixed assets | 28 | €4,640 | €4,505 | -€135 | -2.9% |
| Current assets | 29/58 | €410,195 | €482,965 | +€72,770 | +17.7% |
| Amounts receivable within one year | 40/41 | €396,341 | €473,656 | +€77,314 | +19.5% |
| Trade receivables | 40 | €12,116 | €27 | -€12,089 | -99.8% |
| Other amounts receivable | 41 | €384,226 | €473,629 | +€89,403 | +23.3% |
| Cash at bank and in hand | 54/58 | €383 | €108 | -€276 | -71.9% |
| Deferred charges and accrued income | 490/1 | €13,470 | €9,202 | -€4,269 | -31.7% |
| Total equity and liabilities | 10/49 | €2,916,924 | €2,915,094 | -€1,830 | -0.1% |
| Equity | 10/15 | €2,322,778 | €2,344,976 | +€22,198 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,590,330 | €1,551,057 | -€39,274 | -2.5% |
| Reserves | 13 | €530,922 | €570,196 | +€39,274 | +7.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €524,722 | €563,996 | +€39,274 | +7.5% |
| Profit (loss) carried forward | 14 | €139,525 | €161,723 | +€22,198 | +15.9% |
| Amounts payable | 17/49 | €594,146 | €570,118 | -€24,028 | -4.0% |
| Amounts payable after more than one year | 17 | €382,134 | €319,618 | -€62,516 | -16.4% |
| Financial debts | 170/4 | €382,134 | €319,618 | -€62,516 | -16.4% |
| Amounts payable within one year | 42/48 | €165,330 | €217,425 | +€52,094 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €65,821 | €64,291 | -€1,530 | -2.3% |
| Financial debts | 43 | - | €166 | +€166 | |
| Credit institutions | 430/8 | - | €166 | +€166 | |
| Trade debts | 44 | €20,416 | €22,046 | +€1,630 | +8.0% |
| Suppliers | 440/4 | €20,416 | €22,046 | +€1,630 | +8.0% |
| Taxes, remuneration and social security | 45 | €33,678 | €41,611 | +€7,933 | +23.6% |
| Taxes | 450/3 | €15,827 | €40,088 | +€24,260 | +153% |
| Remuneration and social security | 454/9 | €17,851 | €1,523 | -€16,327 | -91.5% |
| Other amounts payable | 47/48 | €45,415 | €89,311 | +€43,896 | +96.7% |
| Accrued charges and deferred income | 492/3 | €46,682 | €33,075 | -€13,607 | -29.1% |
| Non-recurring operating income | 76A | €6,000 | €27,503 | +€21,503 | +358% |
| Remuneration, social security and pensions | 62 | €60,329 | €25,206 | -€35,123 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,770 | €148,072 | +€5,302 | +3.7% |
| Other operating charges | 640/8 | €6,888 | €8,822 | +€1,934 | +28.1% |
| Non-recurring operating charges | 66A | €12,226 | €0 | -€12,226 | -100% |
| Gross operating margin | 9900 | €275,271 | €296,349 | +€21,079 | +7.7% |
| Operating profit (loss) | 9901 | €53,057 | €114,249 | +€61,192 | +115% |
| Financial income | 75/76B | €8,952 | €10,946 | +€1,993 | +22.3% |
| Recurring financial income | 75 | €8,952 | €10,946 | +€1,993 | +22.3% |
| Financial charges | 65/66B | €19,926 | €16,634 | -€3,292 | -16.5% |
| Recurring financial charges | 65 | €19,926 | €16,634 | -€3,292 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €42,084 | €108,561 | +€66,478 | +158% |
| Income taxes | 67/77 | €725 | €39,363 | +€38,638 | +5,329% |
| Profit (loss) for the period | 9904 | €41,359 | €69,198 | +€27,840 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,359 | €69,198 | +€27,840 | +67.3% |
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 19 October 2026 via checked.be.