INNOWAVE: 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.
INNOWAVE
Largest movements
- Cash +€69,855
up €69,855 (+46.6%), from €150,005 to €219,860
mainly Net result for the year (+€74,881) and Depreciation (+€10,649)
- Tangible fixed assets -€9,625
down €9,625 (-27.0%), from €35,679 to €26,054
of which Furniture and vehicles: -€9,277
- Receivables within one year +€6,560
up €6,560 (+26.5%), from €24,742 to €31,303
of which Trade receivables: +€6,560
- Reserves +€73,581
up €73,581 (+60.0%), from €122,701 to €196,282
- Other debts -€4,272
down €4,272 (-8.3%), from €51,224 to €46,953
- Gross operating margin +€18,505
up €18,505 (+18.4%), from €100,628 to €119,133
- Taxes +€5,612
up €5,612 (+22.8%), from €24,643 to €30,255
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 | €211,739 | €279,612 | +€67,873 | +32.1% |
| Fixed assets | 21/28 | €35,679 | €26,054 | -€9,625 | -27.0% |
| Tangible fixed assets | 22/27 | €35,679 | €26,054 | -€9,625 | -27.0% |
| Plant, machinery and equipment | 23 | €1,237 | €889 | -€348 | -28.1% |
| Furniture and vehicles | 24 | €34,442 | €25,165 | -€9,277 | -26.9% |
| Current assets | 29/58 | €176,060 | €253,558 | +€77,498 | +44.0% |
| Amounts receivable within one year | 40/41 | €24,742 | €31,303 | +€6,560 | +26.5% |
| Trade receivables | 40 | €24,742 | €31,303 | +€6,560 | +26.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €150,005 | €219,860 | +€69,855 | +46.6% |
| Deferred charges and accrued income | 490/1 | €1,312 | €2,395 | +€1,082 | +82.5% |
| Total equity and liabilities | 10/49 | €211,739 | €279,612 | +€67,873 | +32.1% |
| Equity | 10/15 | €128,901 | €202,482 | +€73,581 | +57.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,701 | €196,282 | +€73,581 | +60.0% |
| Distributable reserves | 133 | €122,701 | €196,282 | +€73,581 | +60.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,838 | €77,129 | -€5,708 | -6.9% |
| Amounts payable within one year | 42/48 | €79,834 | €73,779 | -€6,055 | -7.6% |
| Trade debts | 44 | €5,889 | €4,522 | -€1,367 | -23.2% |
| Suppliers | 440/4 | €5,889 | €4,522 | -€1,367 | -23.2% |
| Taxes, remuneration and social security | 45 | €22,720 | €22,304 | -€416 | -1.8% |
| Taxes | 450/3 | €20,470 | €22,304 | +€1,834 | +9.0% |
| Remuneration and social security | 454/9 | €2,250 | €0 | -€2,250 | -100.0% |
| Other amounts payable | 47/48 | €51,224 | €46,953 | -€4,272 | -8.3% |
| Accrued charges and deferred income | 492/3 | €3,004 | €3,351 | +€347 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,453 | €10,649 | +€195 | +1.9% |
| Other operating charges | 640/8 | €124 | €579 | +€455 | +367.7% |
| Gross operating margin | 9900 | €100,628 | €119,133 | +€18,505 | +18.4% |
| Operating profit (loss) | 9901 | €90,051 | €107,905 | +€17,854 | +19.8% |
| Financial income | 75/76B | €12 | €692 | +€680 | +5748.7% |
| Recurring financial income | 75 | €12 | €692 | +€680 | +5748.7% |
| Financial charges | 65/66B | €3,107 | €3,461 | +€354 | +11.4% |
| Recurring financial charges | 65 | €3,107 | €3,461 | +€354 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €86,955 | €105,136 | +€18,180 | +20.9% |
| Income taxes | 67/77 | €24,643 | €30,255 | +€5,612 | +22.8% |
| Profit (loss) for the period | 9904 | €62,312 | €74,881 | +€12,569 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,312 | €74,881 | +€12,569 | +20.2% |
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 9 October 2026 via checked.be.