INNOVIOR: 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.
INNOVIOR
Largest movements
- Tangible fixed assets -€178,677
down €178,677 (-10.0%), from €1.8m to €1.6m
of which Land and buildings: -€246,214
- Cash +€84,046
up €84,046 (+61.2%), from €137,276 to €221,322
mainly Net result for the year (+€215,755) and Investment in fixed assets (net) (+€103,441)
- Short-term financial debts -€250,000
no longer reported in 2025 (was €250,000)
- Reserves +€185,755
up €185,755 (+44.2%), from €420,527 to €606,281
of which Tax-exempt reserves: +€144,448
- Debts after one year -€99,528
down €99,528 (-10.2%), from €971,330 to €871,802
of which Financial debts: -€94,528
- Provisions +€48,149
new in 2025: €48,149
- Other debts +€29,033
up €29,033 (+43.4%), from €66,904 to €95,937
- Gross operating margin +€208,059
up €208,059 (+112%), from €185,556 to €393,616
- Financial charges -€9,893
down €9,893 (-40.4%), from €24,470 to €14,578
- Taxes +€9,314
up €9,314 (+45.6%), from €20,428 to €29,742
- Other operating charges -€7,268
down €7,268 (-39.7%), from €18,306 to €11,038
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 | €1,925,064 | €1,834,560 | -€90,505 | -4.7% |
| Fixed assets | 21/28 | €1,783,858 | €1,605,181 | -€178,677 | -10.0% |
| Tangible fixed assets | 22/27 | €1,783,858 | €1,605,181 | -€178,677 | -10.0% |
| Land and buildings | 22 | €1,381,414 | €1,135,200 | -€246,214 | -17.8% |
| Plant, machinery and equipment | 23 | €7,075 | €6,145 | -€929 | -13.1% |
| Furniture and vehicles | 24 | €760 | €1,735 | +€975 | +128% |
| Other tangible fixed assets | 26 | €394,610 | €462,101 | +€67,491 | +17.1% |
| Current assets | 29/58 | €141,206 | €229,378 | +€88,172 | +62.4% |
| Amounts receivable within one year | 40/41 | - | €4,920 | +€4,920 | |
| Trade receivables | 40 | - | €4,920 | +€4,920 | |
| Cash at bank and in hand | 54/58 | €137,276 | €221,322 | +€84,046 | +61.2% |
| Deferred charges and accrued income | 490/1 | €3,931 | €3,136 | -€795 | -20.2% |
| Total equity and liabilities | 10/49 | €1,925,064 | €1,834,560 | -€90,505 | -4.7% |
| Equity | 10/15 | €476,327 | €662,081 | +€185,755 | +39.0% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €420,527 | €606,281 | +€185,755 | +44.2% |
| Tax-exempt reserves | 132 | - | €144,448 | +€144,448 | |
| Distributable reserves | 133 | €420,527 | €461,833 | +€41,306 | +9.8% |
| Provisions and deferred taxes | 16 | - | €48,149 | +€48,149 | |
| Deferred taxes | 168 | - | €48,149 | +€48,149 | |
| Amounts payable | 17/49 | €1,448,738 | €1,124,329 | -€324,409 | -22.4% |
| Amounts payable after more than one year | 17 | €971,330 | €871,802 | -€99,528 | -10.2% |
| Financial debts | 170/4 | €896,330 | €801,802 | -€94,528 | -10.5% |
| Other amounts payable | 178/9 | €75,000 | €70,000 | -€5,000 | -6.7% |
| Amounts payable within one year | 42/48 | €475,657 | €252,527 | -€223,131 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €96,570 | €94,528 | -€2,042 | -2.1% |
| Financial debts | 43 | €250,000 | - | -€250,000 | |
| Credit institutions | 430/8 | €250,000 | - | -€250,000 | |
| Trade debts | 44 | €32,874 | €22,488 | -€10,386 | -31.6% |
| Suppliers | 440/4 | €32,874 | €22,488 | -€10,386 | -31.6% |
| Taxes, remuneration and social security | 45 | €29,309 | €39,573 | +€10,264 | +35.0% |
| Taxes | 450/3 | €27,359 | €37,157 | +€9,798 | +35.8% |
| Remuneration and social security | 454/9 | €1,950 | €2,417 | +€467 | +23.9% |
| Other amounts payable | 47/48 | €66,904 | €95,937 | +€29,033 | +43.4% |
| Accrued charges and deferred income | 492/3 | €1,750 | - | -€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,782 | €75,236 | +€1,454 | +2.0% |
| Other operating charges | 640/8 | €18,306 | €11,038 | -€7,268 | -39.7% |
| Non-recurring operating charges | 66A | €63 | €270 | +€207 | +328% |
| Gross operating margin | 9900 | €185,556 | €393,616 | +€208,059 | +112% |
| Operating profit (loss) | 9901 | €93,406 | €307,072 | +€213,666 | +229% |
| Financial income | 75/76B | €353 | €1,152 | +€799 | +226% |
| Recurring financial income | 75 | €353 | €1,152 | +€799 | +226% |
| Financial charges | 65/66B | €24,470 | €14,578 | -€9,893 | -40.4% |
| Recurring financial charges | 65 | €24,470 | €14,578 | -€9,893 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €69,289 | €293,646 | +€224,357 | +324% |
| Transfer from deferred taxes | 780 | - | €1,836 | +€1,836 | |
| Transfer to deferred taxes | 680 | - | €49,986 | +€49,986 | |
| Income taxes | 67/77 | €20,428 | €29,742 | +€9,314 | +45.6% |
| Profit (loss) for the period | 9904 | €48,861 | €215,755 | +€166,894 | +342% |
| Transfer from tax-exempt reserves | 789 | - | €5,509 | +€5,509 | |
| Transfer to tax-exempt reserves | 689 | - | €149,957 | +€149,957 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,861 | €71,306 | +€22,446 | +45.9% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.