INNOVINI: 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.
INNOVINI
Largest movements
- Cash +€69,894
up €69,894 (+28.4%), from €245,683 to €315,577
mainly Net result for the year (+€54,545) and Other debts (+€28,732)
- Deferred charges and accrued income +€6,375
up €6,375 (+229.7%), from €2,775 to €9,150
- Reserves +€54,545
up €54,545 (+24.8%), from €219,742 to €274,287
of which Tax-exempt reserves: +€50,520
- Other debts +€28,732
up €28,732 (+171.8%), from €16,726 to €45,458
- Tax, wage and social debts -€9,484
down €9,484 (-28.4%), from €33,385 to €23,900
- Financial charges +€52,626
up €52,626 (+3946.5%), from €1,334 to €53,960
- Gross operating margin +€13,022
up €13,022 (+11.6%), from €112,184 to €125,206
- Taxes -€7,427
down €7,427 (-31.4%), from €23,632 to €16,204
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 | €271,210 | €347,939 | +€76,729 | +28.3% |
| Fixed assets | 21/28 | €2,678 | €2,182 | -€496 | -18.5% |
| Tangible fixed assets | 22/27 | €2,678 | €2,182 | -€496 | -18.5% |
| Plant, machinery and equipment | 23 | €2,678 | €2,182 | -€496 | -18.5% |
| Current assets | 29/58 | €268,532 | €345,757 | +€77,225 | +28.8% |
| Amounts receivable within one year | 40/41 | €20,074 | €21,030 | +€956 | +4.8% |
| Trade receivables | 40 | €20,074 | €21,030 | +€956 | +4.8% |
| Cash at bank and in hand | 54/58 | €245,683 | €315,577 | +€69,894 | +28.4% |
| Deferred charges and accrued income | 490/1 | €2,775 | €9,150 | +€6,375 | +229.7% |
| Total equity and liabilities | 10/49 | €271,210 | €347,939 | +€76,729 | +28.3% |
| Equity | 10/15 | €220,742 | €275,287 | +€54,545 | +24.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €219,742 | €274,287 | +€54,545 | +24.8% |
| Tax-exempt reserves | 132 | - | €50,520 | +€50,520 | |
| Distributable reserves | 133 | €219,742 | €223,767 | +€4,025 | +1.8% |
| Amounts payable | 17/49 | €50,469 | €72,652 | +€22,183 | +44.0% |
| Amounts payable within one year | 42/48 | €50,469 | €70,282 | +€19,814 | +39.3% |
| Trade debts | 44 | €358 | €924 | +€566 | +158.2% |
| Suppliers | 440/4 | €358 | €924 | +€566 | +158.2% |
| Taxes, remuneration and social security | 45 | €33,385 | €23,900 | -€9,484 | -28.4% |
| Taxes | 450/3 | €33,385 | €23,900 | -€9,484 | -28.4% |
| Other amounts payable | 47/48 | €16,726 | €45,458 | +€28,732 | +171.8% |
| Accrued charges and deferred income | 492/3 | - | €2,370 | +€2,370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €474 | €496 | +€22 | +4.7% |
| Gross operating margin | 9900 | €112,184 | €125,206 | +€13,022 | +11.6% |
| Operating profit (loss) | 9901 | €111,710 | €124,710 | +€13,000 | +11.6% |
| Financial charges | 65/66B | €1,334 | €53,960 | +€52,626 | +3946.5% |
| Recurring financial charges | 65 | €1,334 | €53,960 | +€52,626 | +3946.5% |
| Profit (loss) for the period before taxes | 9903 | €110,376 | €70,750 | -€39,627 | -35.9% |
| Income taxes | 67/77 | €23,632 | €16,204 | -€7,427 | -31.4% |
| Profit (loss) for the period | 9904 | €86,745 | €54,545 | -€32,199 | -37.1% |
| Transfer to tax-exempt reserves | 689 | - | €50,520 | +€50,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,745 | €4,025 | -€82,719 | -95.4% |
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 9 October 2026 via checked.be.