INNOVIT: 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.
INNOVIT
Largest movements
- Receivables within one year +€6,527
up €6,527 (+2.1%), from €304,206 to €310,733
of which Other amounts receivable: +€18,541
- Cash -€3,517
no longer reported in 2024 (was €3,517)
mainly Tax, wage and social debts (-€29,354) and Advances received (-€13,894)
- Trade debts +€36,975
up €36,975 (+219.1%), from €16,879 to €53,855
- Tax, wage and social debts -€29,354
down €29,354 (-33.4%), from €87,893 to €58,539
- Advances received -€13,894
no longer reported in 2024 (was €13,894)
- Reserves +€10,224
up €10,224 (+14.3%), from €71,555 to €81,778
of which Distributable reserves: +€10,224
- Gross operating margin -€86,000
down €86,000 (-79.1%), from €108,673 to €22,673
- Taxes -€37,859
down €37,859 (-96.7%), from €39,165 to €1,306
- Financial income -€11,329
no longer reported in 2024 (was €11,329)
- Financial charges +€1,300
up €1,300 (+36.9%), from €3,524 to €4,824
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 | €308,875 | €311,068 | +€2,192 | +0.7% |
| Fixed assets | 21/28 | €1,055 | €225 | -€830 | -78.7% |
| Tangible fixed assets | 22/27 | €830 | - | -€830 | |
| Furniture and vehicles | 24 | €830 | - | -€830 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €307,820 | €310,843 | +€3,022 | +1.0% |
| Amounts receivable within one year | 40/41 | €304,206 | €310,733 | +€6,527 | +2.1% |
| Trade receivables | 40 | €12,014 | - | -€12,014 | |
| Other amounts receivable | 41 | €292,192 | €310,733 | +€18,541 | +6.3% |
| Cash at bank and in hand | 54/58 | €3,517 | - | -€3,517 | |
| Deferred charges and accrued income | 490/1 | €98 | €109 | +€12 | +12.1% |
| Total equity and liabilities | 10/49 | €308,875 | €311,068 | +€2,192 | +0.7% |
| Equity | 10/15 | €178,880 | €189,104 | +€10,224 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,555 | €81,778 | +€10,224 | +14.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €69,695 | €79,918 | +€10,224 | +14.7% |
| Profit (loss) carried forward | 14 | €88,725 | €88,725 | = | 0.0% |
| Amounts payable | 17/49 | €129,995 | €121,964 | -€8,032 | -6.2% |
| Amounts payable after more than one year | 17 | €893 | - | -€893 | |
| Financial debts | 170/4 | €893 | - | -€893 | |
| Amounts payable within one year | 42/48 | €129,103 | €121,964 | -€7,139 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €5,267 | €4,375 | -€892 | -16.9% |
| Financial debts | 43 | €5,169 | €5,195 | +€26 | +0.5% |
| Credit institutions | 430/8 | €5,169 | €5,195 | +€26 | +0.5% |
| Trade debts | 44 | €16,879 | €53,855 | +€36,975 | +219.1% |
| Suppliers | 440/4 | €16,879 | €53,855 | +€36,975 | +219.1% |
| Advances received on contracts in progress | 46 | €13,894 | - | -€13,894 | |
| Taxes, remuneration and social security | 45 | €87,893 | €58,539 | -€29,354 | -33.4% |
| Taxes | 450/3 | €87,893 | €58,539 | -€29,354 | -33.4% |
| Non-recurring operating income | 76A | - | €22,231 | +€22,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,361 | €830 | -€531 | -39.0% |
| Other operating charges | 640/8 | €4,637 | €5,490 | +€853 | +18.4% |
| Non-recurring operating charges | 66A | €1,621 | - | -€1,621 | |
| Gross operating margin | 9900 | €108,673 | €22,673 | -€86,000 | -79.1% |
| Operating profit (loss) | 9901 | €101,054 | €16,353 | -€84,701 | -83.8% |
| Financial income | 75/76B | €11,329 | - | -€11,329 | |
| Recurring financial income | 75 | €11,329 | - | -€11,329 | |
| Financial charges | 65/66B | €3,524 | €4,824 | +€1,300 | +36.9% |
| Recurring financial charges | 65 | €3,524 | €4,824 | +€1,300 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €108,859 | €11,530 | -€97,330 | -89.4% |
| Income taxes | 67/77 | €39,165 | €1,306 | -€37,859 | -96.7% |
| Profit (loss) for the period | 9904 | €69,695 | €10,224 | -€59,471 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,695 | €10,224 | -€59,471 | -85.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.