INNOVICO: 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.
INNOVICO
Largest movements
- Cash +€47,650
up €47,650 (+57.4%), from €82,990 to €130,640
mainly Net result for the year (+€36,305) and Deferred charges and accrued income (+€14,563)
- Deferred charges and accrued income -€14,563
down €14,563 (-74.9%), from €19,436 to €4,873
- Profit (loss) carried forward +€36,305
up €36,305 (+37.1%), from €97,810 to €134,115
- Gross operating margin +€8,276
up €8,276 (+18.0%), from €45,930 to €54,206
- Other operating charges -€1,531
down €1,531 (-52.7%), from €2,907 to €1,376
- Taxes +€1,419
up €1,419 (+13.8%), from €10,290 to €11,708
- Financial charges +€656
up €656 (+35.0%), from €1,876 to €2,532
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,732 | €165,799 | +€33,067 | +24.9% |
| Fixed assets | 21/28 | €3,306 | €2,346 | -€960 | -29.0% |
| Tangible fixed assets | 22/27 | €3,306 | €2,346 | -€960 | -29.0% |
| Furniture and vehicles | 24 | €3,306 | €2,346 | -€960 | -29.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €129,427 | €163,453 | +€34,026 | +26.3% |
| Amounts receivable within one year | 40/41 | €27,001 | €27,941 | +€940 | +3.5% |
| Trade receivables | 40 | €25,034 | €25,939 | +€904 | +3.6% |
| Other amounts receivable | 41 | €1,966 | €2,002 | +€36 | +1.8% |
| Cash at bank and in hand | 54/58 | €82,990 | €130,640 | +€47,650 | +57.4% |
| Deferred charges and accrued income | 490/1 | €19,436 | €4,873 | -€14,563 | -74.9% |
| Total equity and liabilities | 10/49 | €132,732 | €165,799 | +€33,067 | +24.9% |
| Equity | 10/15 | €118,270 | €154,575 | +€36,305 | +30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,810 | €134,115 | +€36,305 | +37.1% |
| Amounts payable | 17/49 | €14,462 | €11,224 | -€3,238 | -22.4% |
| Amounts payable within one year | 42/48 | €12,962 | €11,224 | -€1,738 | -13.4% |
| Trade debts | 44 | €639 | €644 | +€5 | +0.8% |
| Suppliers | 440/4 | €639 | €644 | +€5 | +0.8% |
| Taxes, remuneration and social security | 45 | €9,451 | €9,204 | -€247 | -2.6% |
| Taxes | 450/3 | €9,451 | €9,204 | -€247 | -2.6% |
| Other amounts payable | 47/48 | €2,872 | €1,376 | -€1,496 | -52.1% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100.0% |
| Non-recurring operating income | 76A | €950 | €0 | -€950 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,055 | €2,284 | +€229 | +11.1% |
| Other operating charges | 640/8 | €2,907 | €1,376 | -€1,531 | -52.7% |
| Gross operating margin | 9900 | €45,930 | €54,206 | +€8,276 | +18.0% |
| Operating profit (loss) | 9901 | €40,968 | €50,546 | +€9,578 | +23.4% |
| Financial charges | 65/66B | €1,876 | €2,532 | +€656 | +35.0% |
| Recurring financial charges | 65 | €1,876 | €2,532 | +€656 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €39,092 | €48,014 | +€8,922 | +22.8% |
| Income taxes | 67/77 | €10,290 | €11,708 | +€1,419 | +13.8% |
| Profit (loss) for the period | 9904 | €28,802 | €36,305 | +€7,503 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,802 | €36,305 | +€7,503 | +26.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.