INNUENDO: 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.
INNUENDO
Largest movements
- Receivables within one year +€210,042
up €210,042 (+35.9%), from €584,462 to €794,504
of which Trade receivables: +€144,827
- Cash -€62,371
down €62,371 (-83.6%), from €74,587 to €12,215
mainly Contributions, distributions and other (-€300,000) and Receivables within one year (-€210,042)
- Other debts +€125,005
up €125,005 (+71.4%), from €175,014 to €300,018
- Tax, wage and social debts +€66,969
up €66,969 (+40.5%), from €165,283 to €232,252
of which Taxes: +€66,264
- Profit (loss) carried forward -€38,454
down €38,454 (-54.1%), from €71,055 to €32,601
- Short-term financial debts -€20,107
down €20,107 (-23.6%), from €85,107 to €65,000
- Trade debts +€10,493
up €10,493 (+10.1%), from €104,161 to €114,655
- Gross operating margin +€68,495
up €68,495 (+6.4%), from €1.1m to €1.1m
- Staff costs -€45,809
down €45,809 (-5.6%), from €814,358 to €768,549
- Taxes +€21,534
up €21,534 (+31.4%), from €68,689 to €90,224
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.
Derived cash bridge
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 | €673,778 | €817,684 | +€143,907 | +21.4% |
| Fixed assets | 21/28 | €9,478 | €9,750 | +€272 | +2.9% |
| Tangible fixed assets | 22/27 | €9,478 | €9,750 | +€272 | +2.9% |
| Plant, machinery and equipment | 23 | €4,360 | €2,080 | -€2,280 | -52.3% |
| Furniture and vehicles | 24 | €5,118 | €7,670 | +€2,553 | +49.9% |
| Current assets | 29/58 | €664,300 | €807,934 | +€143,634 | +21.6% |
| Amounts receivable within one year | 40/41 | €584,462 | €794,504 | +€210,042 | +35.9% |
| Trade receivables | 40 | €132,585 | €277,412 | +€144,827 | +109% |
| Other amounts receivable | 41 | €451,876 | €517,092 | +€65,216 | +14.4% |
| Cash at bank and in hand | 54/58 | €74,587 | €12,215 | -€62,371 | -83.6% |
| Deferred charges and accrued income | 490/1 | €5,252 | €1,215 | -€4,037 | -76.9% |
| Total equity and liabilities | 10/49 | €673,778 | €817,684 | +€143,907 | +21.4% |
| Equity | 10/15 | €144,213 | €105,759 | -€38,454 | -26.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €11,158 | €11,158 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,055 | €32,601 | -€38,454 | -54.1% |
| Amounts payable | 17/49 | €529,565 | €711,925 | +€182,360 | +34.4% |
| Amounts payable within one year | 42/48 | €529,565 | €711,925 | +€182,360 | +34.4% |
| Financial debts | 43 | €85,107 | €65,000 | -€20,107 | -23.6% |
| Credit institutions | 430/8 | €85,107 | €65,000 | -€20,107 | -23.6% |
| Trade debts | 44 | €104,161 | €114,655 | +€10,493 | +10.1% |
| Suppliers | 440/4 | €104,161 | €114,655 | +€10,493 | +10.1% |
| Taxes, remuneration and social security | 45 | €165,283 | €232,252 | +€66,969 | +40.5% |
| Taxes | 450/3 | €44,329 | €110,593 | +€66,264 | +149% |
| Remuneration and social security | 454/9 | €120,954 | €121,659 | +€705 | +0.6% |
| Other amounts payable | 47/48 | €175,014 | €300,018 | +€125,005 | +71.4% |
| Remuneration, social security and pensions | 62 | €814,358 | €768,549 | -€45,809 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,246 | €6,612 | +€5,365 | +431% |
| Other operating charges | 640/8 | €518 | €1,124 | +€606 | +117% |
| Gross operating margin | 9900 | €1,064,553 | €1,133,048 | +€68,495 | +6.4% |
| Operating profit (loss) | 9901 | €248,430 | €356,762 | +€108,333 | +43.6% |
| Financial income | 75/76B | €0 | €54 | +€54 | +269,150% |
| Recurring financial income | 75 | €0 | €54 | +€54 | +269,150% |
| Financial charges | 65/66B | €4,628 | €5,046 | +€418 | +9.0% |
| Recurring financial charges | 65 | €4,628 | €5,046 | +€418 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €243,802 | €351,770 | +€107,968 | +44.3% |
| Income taxes | 67/77 | €68,689 | €90,224 | +€21,534 | +31.4% |
| Profit (loss) for the period | 9904 | €175,113 | €261,546 | +€86,434 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €175,113 | €261,546 | +€86,434 | +49.4% |
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 22 October 2026 via checked.be.