INNOVION: 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.
INNOVION
Largest movements
- Tangible fixed assets -€333,756
down €333,756 (-20.8%), from €1.6m to €1.3m
of which Land and buildings: -€319,497
- Cash +€188,461
up €188,461 (+277%), from €68,055 to €256,516
mainly Investment in fixed assets (net) (+€278,509) and Net result for the year (+€146,635)
- Current investments -€112,525
down €112,525 (-20.5%), from €548,140 to €435,615
- Receivables within one year -€100,251
down €100,251 (-47.6%), from €210,516 to €110,265
of which Other amounts receivable: -€60,354
- Debts after one year -€275,512
down €275,512 (-52.6%), from €523,993 to €248,481
- Reserves -€163,549
down €163,549 (-11.2%), from €1.5m to €1.3m
- Other debts +€114,468
up €114,468 (+56.3%), from €203,306 to €317,774
- Short-term financial debts -€26,000
down €26,000 (-18.6%), from €140,000 to €114,000
- Financial charges +€116,769
up €116,769 (+721%), from €16,203 to €132,972
of which Non-recurring financial charges: +€117,465
- Taxes -€61,141
down €61,141 (-47.1%), from €129,923 to €68,782
- Gross operating margin -€51,991
down €51,991 (-11.0%), from €473,907 to €421,916
- Depreciation +€19,151
up €19,151 (+61.8%), from €31,011 to €50,162
- Staff costs +€9,573
up €9,573 (+62.6%), from €15,284 to €24,857
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 | €2,439,270 | €2,081,538 | -€357,732 | -14.7% |
| Fixed assets | 21/28 | €1,605,615 | €1,276,944 | -€328,671 | -20.5% |
| Tangible fixed assets | 22/27 | €1,605,615 | €1,271,859 | -€333,756 | -20.8% |
| Land and buildings | 22 | €1,405,599 | €1,086,102 | -€319,497 | -22.7% |
| Plant, machinery and equipment | 23 | €96,371 | €86,039 | -€10,332 | -10.7% |
| Furniture and vehicles | 24 | €7,645 | €9,718 | +€2,073 | +27.1% |
| Leasing and similar rights | 25 | €96,000 | €90,000 | -€6,000 | -6.3% |
| Financial fixed assets | 28 | - | €5,085 | +€5,085 | |
| Current assets | 29/58 | €833,655 | €804,594 | -€29,061 | -3.5% |
| Amounts receivable within one year | 40/41 | €210,516 | €110,265 | -€100,251 | -47.6% |
| Trade receivables | 40 | €103,274 | €63,377 | -€39,897 | -38.6% |
| Other amounts receivable | 41 | €107,242 | €46,888 | -€60,354 | -56.3% |
| Current investments | 50/53 | €548,140 | €435,615 | -€112,525 | -20.5% |
| Cash at bank and in hand | 54/58 | €68,055 | €256,516 | +€188,461 | +277% |
| Deferred charges and accrued income | 490/1 | €6,944 | €2,198 | -€4,746 | -68.3% |
| Total equity and liabilities | 10/49 | €2,439,270 | €2,081,538 | -€357,732 | -14.7% |
| Equity | 10/15 | €1,462,295 | €1,298,746 | -€163,549 | -11.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,455,995 | €1,292,446 | -€163,549 | -11.2% |
| Distributable reserves | 133 | €1,455,995 | €1,292,446 | -€163,549 | -11.2% |
| Amounts payable | 17/49 | €976,975 | €782,792 | -€194,183 | -19.9% |
| Amounts payable after more than one year | 17 | €523,993 | €248,481 | -€275,512 | -52.6% |
| Financial debts | 170/4 | €523,993 | €248,481 | -€275,512 | -52.6% |
| Amounts payable within one year | 42/48 | €452,982 | €534,311 | +€81,329 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €81,337 | €75,512 | -€5,825 | -7.2% |
| Financial debts | 43 | €140,000 | €114,000 | -€26,000 | -18.6% |
| Credit institutions | 430/8 | €140,000 | €114,000 | -€26,000 | -18.6% |
| Trade debts | 44 | €3,272 | €5,140 | +€1,868 | +57.1% |
| Suppliers | 440/4 | €3,272 | €5,140 | +€1,868 | +57.1% |
| Taxes, remuneration and social security | 45 | €25,067 | €21,885 | -€3,182 | -12.7% |
| Taxes | 450/3 | €22,878 | €19,319 | -€3,559 | -15.6% |
| Remuneration and social security | 454/9 | €2,189 | €2,566 | +€377 | +17.2% |
| Other amounts payable | 47/48 | €203,306 | €317,774 | +€114,468 | +56.3% |
| Remuneration, social security and pensions | 62 | €15,284 | €24,857 | +€9,573 | +62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,011 | €50,162 | +€19,151 | +61.8% |
| Other operating charges | 640/8 | €12,473 | €9,393 | -€3,080 | -24.7% |
| Gross operating margin | 9900 | €473,907 | €421,916 | -€51,991 | -11.0% |
| Operating profit (loss) | 9901 | €415,139 | €337,504 | -€77,635 | -18.7% |
| Financial income | 75/76B | €15,887 | €10,885 | -€5,002 | -31.5% |
| Recurring financial income | 75 | €5,079 | €10,885 | +€5,806 | +114% |
| Non-recurring financial income | 76B | €10,808 | - | -€10,808 | |
| Financial charges | 65/66B | €16,203 | €132,972 | +€116,769 | +721% |
| Recurring financial charges | 65 | €16,203 | €15,507 | -€696 | -4.3% |
| Non-recurring financial charges | 66B | - | €117,465 | +€117,465 | |
| Profit (loss) for the period before taxes | 9903 | €414,823 | €215,417 | -€199,406 | -48.1% |
| Income taxes | 67/77 | €129,923 | €68,782 | -€61,141 | -47.1% |
| Profit (loss) for the period | 9904 | €284,900 | €146,635 | -€138,265 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €284,900 | €146,635 | -€138,265 | -48.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.