InOV8: 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.
InOV8
Largest movements
- Current investments -€15,000
down €15,000 (-4.8%), from €315,000 to €300,000
- Tangible fixed assets -€9,559
down €9,559 (-21.7%), from €44,021 to €34,463
- Reserves -€132,289
down €132,289 (-34.0%), from €389,497 to €257,208
- Other debts +€106,371
up €106,371 (+1,502%), from €7,083 to €113,454
- Gross operating margin -€18,501
down €18,501 (-10.3%), from €178,785 to €160,284
- Depreciation +€7,247
up €7,247 (+314%), from €2,311 to €9,559
- Taxes -€3,828
down €3,828 (-9.9%), from €38,516 to €34,688
- Financial income -€3,538
down €3,538 (-40.4%), from €8,758 to €5,220
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 | €427,221 | €403,747 | -€23,474 | -5.5% |
| Fixed assets | 21/28 | €44,021 | €34,463 | -€9,559 | -21.7% |
| Tangible fixed assets | 22/27 | €44,021 | €34,463 | -€9,559 | -21.7% |
| Furniture and vehicles | 24 | €44,021 | €34,463 | -€9,559 | -21.7% |
| Current assets | 29/58 | €383,200 | €369,284 | -€13,915 | -3.6% |
| Amounts receivable within one year | 40/41 | €41,421 | €41,666 | +€245 | +0.6% |
| Trade receivables | 40 | €40,711 | €40,965 | +€253 | +0.6% |
| Other amounts receivable | 41 | €710 | €701 | -€9 | -1.2% |
| Current investments | 50/53 | €315,000 | €300,000 | -€15,000 | -4.8% |
| Cash at bank and in hand | 54/58 | €22,271 | €25,637 | +€3,366 | +15.1% |
| Deferred charges and accrued income | 490/1 | €4,507 | €1,982 | -€2,525 | -56.0% |
| Total equity and liabilities | 10/49 | €427,221 | €403,747 | -€23,474 | -5.5% |
| Equity | 10/15 | €392,497 | €260,208 | -€132,289 | -33.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €389,497 | €257,208 | -€132,289 | -34.0% |
| Distributable reserves | 133 | €389,497 | €257,208 | -€132,289 | -34.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €34,724 | €143,539 | +€108,815 | +313% |
| Amounts payable within one year | 42/48 | €33,504 | €142,804 | +€109,300 | +326% |
| Trade debts | 44 | €2,269 | €1,326 | -€944 | -41.6% |
| Suppliers | 440/4 | €2,269 | €1,326 | -€944 | -41.6% |
| Taxes, remuneration and social security | 45 | €24,151 | €28,024 | +€3,873 | +16.0% |
| Taxes | 450/3 | €23,151 | €27,024 | +€3,873 | +16.7% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,083 | €113,454 | +€106,371 | +1,502% |
| Accrued charges and deferred income | 492/3 | €1,221 | €736 | -€485 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,311 | €9,559 | +€7,247 | +314% |
| Other operating charges | 640/8 | €440 | €647 | +€207 | +47.0% |
| Non-recurring operating charges | 66A | €13,603 | €0 | -€13,603 | -100% |
| Gross operating margin | 9900 | €178,785 | €160,284 | -€18,501 | -10.3% |
| Operating profit (loss) | 9901 | €162,431 | €150,078 | -€12,353 | -7.6% |
| Financial income | 75/76B | €8,758 | €5,220 | -€3,538 | -40.4% |
| Recurring financial income | 75 | €8,758 | €5,220 | -€3,538 | -40.4% |
| Financial charges | 65/66B | €384 | €463 | +€79 | +20.6% |
| Recurring financial charges | 65 | €384 | €463 | +€79 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €170,804 | €154,834 | -€15,970 | -9.3% |
| Income taxes | 67/77 | €38,516 | €34,688 | -€3,828 | -9.9% |
| Profit (loss) for the period | 9904 | €132,289 | €120,147 | -€12,142 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €132,289 | €120,147 | -€12,142 | -9.2% |
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 17 October 2026 via checked.be.