INNOVUM: 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.
INNOVUM
Largest movements
- Receivables within one year -€48,447
down €48,447 (-50.3%), from €96,256 to €47,809
- Current investments -€30,000
down €30,000 (-100%), from €30,000 to €0
- Tangible fixed assets -€23,500
down €23,500 (-2.7%), from €861,091 to €837,591
of which Land and buildings: -€24,538
- Debts after one year -€44,847
down €44,847 (-15.2%), from €294,803 to €249,956
of which Financial debts: -€24,634
- Reserves -€40,313
down €40,313 (-8.2%), from €494,174 to €453,861
of which Distributable reserves: -€40,313
- Profit (loss) carried forward -€25,027
down €25,027, from €0 to -€25,027
- Gross operating margin -€238,291
down €238,291 (-95.0%), from €250,729 to €12,439
- Taxes -€55,772
down €55,772 (-99.4%), from €56,124 to €352
- Depreciation -€22,333
down €22,333 (-45.1%), from €49,572 to €27,239
- Other operating charges -€14,601
down €14,601 (-68.5%), from €21,323 to €6,722
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 | €999,469 | €889,588 | -€109,880 | -11.0% |
| Fixed assets | 21/28 | €861,122 | €837,622 | -€23,500 | -2.7% |
| Tangible fixed assets | 22/27 | €861,091 | €837,591 | -€23,500 | -2.7% |
| Land and buildings | 22 | €794,859 | €770,321 | -€24,538 | -3.1% |
| Plant, machinery and equipment | 23 | €9,862 | €18,264 | +€8,402 | +85.2% |
| Furniture and vehicles | 24 | €49,271 | €28,407 | -€20,864 | -42.3% |
| Other tangible fixed assets | 26 | €7,100 | €20,600 | +€13,500 | +190% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €138,347 | €51,967 | -€86,380 | -62.4% |
| Amounts receivable within one year | 40/41 | €96,256 | €47,809 | -€48,447 | -50.3% |
| Other amounts receivable | 41 | €96,256 | €47,809 | -€48,447 | -50.3% |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100% |
| Cash at bank and in hand | 54/58 | €11,997 | €4,158 | -€7,839 | -65.3% |
| Deferred charges and accrued income | 490/1 | €95 | €0 | -€95 | -100% |
| Total equity and liabilities | 10/49 | €999,469 | €889,588 | -€109,880 | -11.0% |
| Equity | 10/15 | €629,590 | €564,250 | -€65,341 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €116,816 | €116,816 | = | 0.0% |
| Reserves | 13 | €494,174 | €453,861 | -€40,313 | -8.2% |
| Non-distributable reserves | 130/1 | €7,350 | €7,350 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,350 | €7,350 | = | 0.0% |
| Distributable reserves | 133 | €486,824 | €446,511 | -€40,313 | -8.3% |
| Profit (loss) carried forward | 14 | €0 | -€25,027 | -€25,027 | |
| Amounts payable | 17/49 | €369,879 | €325,339 | -€44,540 | -12.0% |
| Amounts payable after more than one year | 17 | €294,803 | €249,956 | -€44,847 | -15.2% |
| Financial debts | 170/4 | €274,590 | €249,956 | -€24,634 | -9.0% |
| Advances received on contracts in progress | 176 | €20,213 | €0 | -€20,213 | -100% |
| Amounts payable within one year | 42/48 | €74,336 | €75,383 | +€1,047 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €44,384 | €44,644 | +€260 | +0.6% |
| Trade debts | 44 | €0 | €434 | +€434 | |
| Suppliers | 440/4 | €0 | €434 | +€434 | |
| Taxes, remuneration and social security | 45 | €29,953 | €25,357 | -€4,595 | -15.3% |
| Taxes | 450/3 | €29,953 | €25,357 | -€4,595 | -15.3% |
| Other amounts payable | 47/48 | €0 | €4,948 | +€4,948 | |
| Accrued charges and deferred income | 492/3 | €740 | €0 | -€740 | -100% |
| Non-recurring operating income | 76A | €10,531 | €0 | -€10,531 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,572 | €27,239 | -€22,333 | -45.1% |
| Other operating charges | 640/8 | €21,323 | €6,722 | -€14,601 | -68.5% |
| Gross operating margin | 9900 | €250,729 | €12,439 | -€238,291 | -95.0% |
| Operating profit (loss) | 9901 | €179,835 | -€21,522 | -€201,357 | |
| Financial income | 75/76B | €3,583 | €3,247 | -€336 | -9.4% |
| Recurring financial income | 75 | €3,583 | €3,247 | -€336 | -9.4% |
| Financial charges | 65/66B | €6,386 | €6,400 | +€14 | +0.2% |
| Recurring financial charges | 65 | €6,386 | €6,400 | +€14 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €177,032 | -€24,675 | -€201,707 | |
| Income taxes | 67/77 | €56,124 | €352 | -€55,772 | -99.4% |
| Profit (loss) for the period | 9904 | €120,908 | -€25,027 | -€145,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €120,908 | -€25,027 | -€145,935 |
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 18 October 2026 via checked.be.