InnovX: what changed
Two fiscal 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.
InnovX
Largest movements
- Cash +€31,581
up €31,581 (+28.3%), from €111,646 to €143,227
mainly Other debts (+€131,700) and Net result for the year (+€100,250)
- Receivables within one year +€31,102
up €31,102 (+71.0%), from €43,797 to €74,900
of which Other amounts receivable: +€20,481
- Other debts +€131,700
up €131,700 (+222.0%), from €59,314 to €191,014
- Reserves -€68,991
down €68,991 (-100.0%), from €68,991 to €0
of which Distributable reserves: -€68,991
- Trade debts +€8,742
up €8,742 (+111.0%), from €7,872 to €16,614
- Tax, wage and social debts -€5,352
down €5,352 (-38.3%), from €13,959 to €8,607
- Gross operating margin +€43,874
up €43,874 (+48.5%), from €90,467 to €134,341
- Taxes +€10,787
up €10,787 (+55.3%), from €19,501 to €30,288
- Depreciation +€2,416
up €2,416 (+298.9%), from €809 to €3,225
- Financial income +€1,507
up €1,507 (+2202.0%), from €68 to €1,575
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.
Cash bridge derived
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 | €171,741 | €237,711 | +€65,970 | +38.4% |
| Fixed assets | 21/28 | €5,058 | €6,661 | +€1,603 | +31.7% |
| Tangible fixed assets | 22/27 | €5,058 | €5,961 | +€903 | +17.9% |
| Furniture and vehicles | 24 | €5,058 | €5,961 | +€903 | +17.9% |
| Financial fixed assets | 28 | - | €700 | +€700 | |
| Current assets | 29/58 | €166,683 | €231,050 | +€64,367 | +38.6% |
| Amounts receivable within one year | 40/41 | €43,797 | €74,900 | +€31,102 | +71.0% |
| Trade receivables | 40 | €43,797 | €54,419 | +€10,621 | +24.3% |
| Other amounts receivable | 41 | €0 | €20,481 | +€20,481 | |
| Cash at bank and in hand | 54/58 | €111,646 | €143,227 | +€31,581 | +28.3% |
| Deferred charges and accrued income | 490/1 | €11,240 | €12,924 | +€1,684 | +15.0% |
| Total equity and liabilities | 10/49 | €171,741 | €237,711 | +€65,970 | +38.4% |
| Equity | 10/15 | €87,591 | €18,600 | -€68,991 | -78.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,991 | €0 | -€68,991 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €68,991 | €0 | -€68,991 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,150 | €219,111 | +€134,961 | +160.4% |
| Amounts payable within one year | 42/48 | €81,579 | €217,204 | +€135,625 | +166.3% |
| Financial debts | 43 | €433 | €969 | +€536 | +123.8% |
| Other loans | 439 | €433 | €969 | +€536 | +123.8% |
| Trade debts | 44 | €7,872 | €16,614 | +€8,742 | +111.0% |
| Suppliers | 440/4 | €7,872 | €16,614 | +€8,742 | +111.0% |
| Taxes, remuneration and social security | 45 | €13,959 | €8,607 | -€5,352 | -38.3% |
| Taxes | 450/3 | €13,959 | €8,607 | -€5,352 | -38.3% |
| Other amounts payable | 47/48 | €59,314 | €191,014 | +€131,700 | +222.0% |
| Accrued charges and deferred income | 492/3 | €2,572 | €1,908 | -€664 | -25.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €3,225 | +€2,416 | +298.9% |
| Other operating charges | 640/8 | €953 | €1,029 | +€76 | +8.0% |
| Non-recurring operating charges | 66A | - | €200 | +€200 | |
| Gross operating margin | 9900 | €90,467 | €134,341 | +€43,874 | +48.5% |
| Operating profit (loss) | 9901 | €88,706 | €129,887 | +€41,182 | +46.4% |
| Financial income | 75/76B | €68 | €1,575 | +€1,507 | +2202.0% |
| Recurring financial income | 75 | €68 | €1,575 | +€1,507 | +2202.0% |
| Financial charges | 65/66B | €2,142 | €924 | -€1,218 | -56.9% |
| Recurring financial charges | 65 | €2,142 | €924 | -€1,218 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €86,632 | €130,538 | +€43,906 | +50.7% |
| Income taxes | 67/77 | €19,501 | €30,288 | +€10,787 | +55.3% |
| Profit (loss) for the period | 9904 | €67,131 | €100,250 | +€33,119 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,131 | €100,250 | +€33,119 | +49.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.