INNOVIO: 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.
INNOVIO
Largest movements
- Tangible fixed assets +€54,990
up €54,990 (+2,523%), from €2,179 to €57,170
of which Furniture and vehicles: +€53,885
- Receivables within one year +€51,905
up €51,905 (+385%), from €13,467 to €65,372
of which Trade receivables: +€50,376
- Cash +€2,780
up €2,780 (+226%), from €1,231 to €4,011
mainly Debts after one year (+€44,787) and Trade debts (+€42,067)
- Debts after one year +€44,787
new in 2025: €44,787
- Trade debts +€42,067
up €42,067 (+2,257%), from €1,864 to €43,931
- Current portion of long-term debt +€10,213
new in 2025: €10,213
- Reserves +€9,130
up €9,130 (+125%), from €7,287 to €16,416
- Tax, wage and social debts +€3,880
up €3,880 (+82.3%), from €4,717 to €8,597
- Gross operating margin +€2,561
up €2,561 (+16.0%), from €15,991 to €18,552
- Depreciation -€1,534
down €1,534 (-33.3%), from €4,611 to €3,077
- Taxes +€1,171
up €1,171 (+55.0%), from €2,129 to €3,300
- Other operating charges -€1,007
down €1,007 (-89.4%), from €1,127 to €120
- Financial income +€304
up €304 (+193%), from €157 to €461
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 | €17,428 | €127,121 | +€109,693 | +629% |
| Formation expenses | 20 | €103 | - | -€103 | |
| Fixed assets | 21/28 | €2,179 | €57,170 | +€54,990 | +2,523% |
| Tangible fixed assets | 22/27 | €2,179 | €57,170 | +€54,990 | +2,523% |
| Plant, machinery and equipment | 23 | - | €1,106 | +€1,106 | |
| Furniture and vehicles | 24 | €2,179 | €56,064 | +€53,885 | +2,473% |
| Current assets | 29/58 | €15,146 | €69,952 | +€54,806 | +362% |
| Amounts receivable within one year | 40/41 | €13,467 | €65,372 | +€51,905 | +385% |
| Trade receivables | 40 | €8,885 | €59,261 | +€50,376 | +567% |
| Other amounts receivable | 41 | €4,582 | €6,111 | +€1,529 | +33.4% |
| Cash at bank and in hand | 54/58 | €1,231 | €4,011 | +€2,780 | +226% |
| Deferred charges and accrued income | 490/1 | €448 | €568 | +€121 | +27.0% |
| Total equity and liabilities | 10/49 | €17,428 | €127,121 | +€109,693 | +629% |
| Equity | 10/15 | €10,287 | €19,416 | +€9,130 | +88.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,287 | €16,416 | +€9,130 | +125% |
| Distributable reserves | 133 | €7,287 | €16,416 | +€9,130 | +125% |
| Amounts payable | 17/49 | €7,141 | €107,705 | +€100,564 | +1,408% |
| Amounts payable after more than one year | 17 | - | €44,787 | +€44,787 | |
| Financial debts | 170/4 | - | €44,787 | +€44,787 | |
| Amounts payable within one year | 42/48 | €7,141 | €62,918 | +€55,777 | +781% |
| Current portion of amounts payable after more than one year | 42 | - | €10,213 | +€10,213 | |
| Trade debts | 44 | €1,864 | €43,931 | +€42,067 | +2,257% |
| Suppliers | 440/4 | €1,864 | €43,931 | +€42,067 | +2,257% |
| Taxes, remuneration and social security | 45 | €4,717 | €8,597 | +€3,880 | +82.3% |
| Taxes | 450/3 | €4,717 | €8,597 | +€3,880 | +82.3% |
| Other amounts payable | 47/48 | €560 | €176 | -€384 | -68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,611 | €3,077 | -€1,534 | -33.3% |
| Other operating charges | 640/8 | €1,127 | €120 | -€1,007 | -89.4% |
| Gross operating margin | 9900 | €15,991 | €18,552 | +€2,561 | +16.0% |
| Operating profit (loss) | 9901 | €10,253 | €15,355 | +€5,102 | +49.8% |
| Financial income | 75/76B | €157 | €461 | +€304 | +193% |
| Recurring financial income | 75 | €157 | €461 | +€304 | +193% |
| Financial charges | 65/66B | €194 | €386 | +€192 | +99.0% |
| Recurring financial charges | 65 | €194 | €386 | +€192 | +99.0% |
| Profit (loss) for the period before taxes | 9903 | €10,216 | €15,430 | +€5,214 | +51.0% |
| Income taxes | 67/77 | €2,129 | €3,300 | +€1,171 | +55.0% |
| Profit (loss) for the period | 9904 | €8,087 | €12,130 | +€4,043 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,087 | €12,130 | +€4,043 | +50.0% |
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.