INOV: 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.
INOV
Largest movements
- Receivables within one year +€13,603
up €13,603 (+93.3%), from €14,579 to €28,182
of which Trade receivables: +€12,442
- Tangible fixed assets -€12,765
down €12,765 (-33.9%), from €37,690 to €24,924
of which Furniture and vehicles: -€12,165
- Cash +€2,242
up €2,242 (+6.0%), from €37,223 to €39,465
mainly Depreciation (+€12,765) and Tax, wage and social debts (+€3,754)
- Tax, wage and social debts +€3,754
up €3,754 (+1,757%), from €214 to €3,968
- Gross operating margin +€23,800
up €23,800, from -€11,132 to €12,669
- Other operating charges +€427
up €427 (+87.7%), from €487 to €914
- Financial charges -€190
down €190 (-51.4%), from €370 to €180
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 | €90,569 | €93,612 | +€3,043 | +3.4% |
| Fixed assets | 21/28 | €37,690 | €24,924 | -€12,765 | -33.9% |
| Tangible fixed assets | 22/27 | €37,690 | €24,924 | -€12,765 | -33.9% |
| Furniture and vehicles | 24 | €30,150 | €17,985 | -€12,165 | -40.3% |
| Other tangible fixed assets | 26 | €7,540 | €6,940 | -€600 | -8.0% |
| Current assets | 29/58 | €52,880 | €68,688 | +€15,808 | +29.9% |
| Amounts receivable within one year | 40/41 | €14,579 | €28,182 | +€13,603 | +93.3% |
| Trade receivables | 40 | - | €12,442 | +€12,442 | |
| Other amounts receivable | 41 | €14,579 | €15,740 | +€1,161 | +8.0% |
| Current investments | 50/53 | €948 | €948 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,223 | €39,465 | +€2,242 | +6.0% |
| Deferred charges and accrued income | 490/1 | €130 | €93 | -€37 | -28.7% |
| Total equity and liabilities | 10/49 | €90,569 | €93,612 | +€3,043 | +3.4% |
| Equity | 10/15 | €90,246 | €89,644 | -€601 | -0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,246 | €67,644 | -€601 | -0.9% |
| Amounts payable | 17/49 | €324 | €3,968 | +€3,644 | +1,126% |
| Amounts payable within one year | 42/48 | €324 | €3,968 | +€3,644 | +1,126% |
| Trade debts | 44 | €110 | - | -€110 | |
| Suppliers | 440/4 | €110 | - | -€110 | |
| Taxes, remuneration and social security | 45 | €214 | €3,968 | +€3,754 | +1,757% |
| Taxes | 450/3 | €214 | €3,968 | +€3,754 | +1,757% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,878 | €12,765 | -€113 | -0.9% |
| Other operating charges | 640/8 | €487 | €914 | +€427 | +87.7% |
| Gross operating margin | 9900 | -€11,132 | €12,669 | +€23,800 | |
| Operating profit (loss) | 9901 | -€24,496 | -€1,010 | +€23,486 | +95.9% |
| Financial income | 75/76B | €758 | €784 | +€26 | +3.4% |
| Recurring financial income | 75 | €758 | €784 | +€26 | +3.4% |
| Financial charges | 65/66B | €370 | €180 | -€190 | -51.4% |
| Recurring financial charges | 65 | €370 | €180 | -€190 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,108 | -€406 | +€23,702 | +98.3% |
| Income taxes | 67/77 | €214 | €195 | -€18 | -8.5% |
| Profit (loss) for the period | 9904 | -€24,322 | -€601 | +€23,720 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,322 | -€601 | +€23,720 | +97.5% |
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 21 October 2026 via checked.be.