Inova Concept: 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.
Inova Concept
Largest movements
- Receivables within one year -€64,903
down €64,903 (-23.4%), from €277,539 to €212,636
of which Trade receivables: -€64,293
- Cash -€23,441
down €23,441 (-58.4%), from €40,163 to €16,723
mainly Accrued charges and deferred income (-€70,404) and Trade debts (-€26,608)
- Tangible fixed assets -€15,589
down €15,589 (-22.4%), from €69,532 to €53,943
of which Furniture and vehicles: -€16,860
- Accrued charges and deferred income -€70,404
no longer reported in 2025 (was €70,404)
- Trade debts -€26,608
down €26,608 (-37.4%), from €71,074 to €44,466
- Debts after one year -€16,545
down €16,545 (-33.7%), from €49,118 to €32,573
- Profit (loss) carried forward +€15,343
up €15,343 (+12.1%), from €127,028 to €142,371
- Other debts -€11,485
down €11,485 (-97.4%), from €11,787 to €302
- Gross operating margin -€71,782
down €71,782 (-56.7%), from €126,701 to €54,919
- Taxes -€14,190
down €14,190 (-69.5%), from €20,407 to €6,217
- Financial charges -€1,407
down €1,407 (-33.5%), from €4,204 to €2,797
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 | €389,135 | €285,202 | -€103,933 | -26.7% |
| Fixed assets | 21/28 | €71,432 | €55,843 | -€15,589 | -21.8% |
| Tangible fixed assets | 22/27 | €69,532 | €53,943 | -€15,589 | -22.4% |
| Plant, machinery and equipment | 23 | €5,695 | €6,965 | +€1,270 | +22.3% |
| Furniture and vehicles | 24 | €63,837 | €46,978 | -€16,860 | -26.4% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €317,702 | €229,359 | -€88,344 | -27.8% |
| Amounts receivable within one year | 40/41 | €277,539 | €212,636 | -€64,903 | -23.4% |
| Trade receivables | 40 | €261,544 | €197,251 | -€64,293 | -24.6% |
| Other amounts receivable | 41 | €15,995 | €15,385 | -€610 | -3.8% |
| Cash at bank and in hand | 54/58 | €40,163 | €16,723 | -€23,441 | -58.4% |
| Total equity and liabilities | 10/49 | €389,135 | €285,202 | -€103,933 | -26.7% |
| Equity | 10/15 | €130,028 | €145,371 | +€15,343 | +11.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,028 | €142,371 | +€15,343 | +12.1% |
| Amounts payable | 17/49 | €259,107 | €139,831 | -€119,276 | -46.0% |
| Amounts payable after more than one year | 17 | €49,118 | €32,573 | -€16,545 | -33.7% |
| Financial debts | 170/4 | €49,118 | €32,573 | -€16,545 | -33.7% |
| Amounts payable within one year | 42/48 | €139,585 | €107,258 | -€32,327 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €16,246 | €16,545 | +€299 | +1.8% |
| Trade debts | 44 | €71,074 | €44,466 | -€26,608 | -37.4% |
| Suppliers | 440/4 | €71,074 | €44,466 | -€26,608 | -37.4% |
| Taxes, remuneration and social security | 45 | €40,478 | €45,945 | +€5,467 | +13.5% |
| Taxes | 450/3 | €20,407 | €27,945 | +€7,538 | +36.9% |
| Remuneration and social security | 454/9 | €20,071 | €18,000 | -€2,071 | -10.3% |
| Other amounts payable | 47/48 | €11,787 | €302 | -€11,485 | -97.4% |
| Accrued charges and deferred income | 492/3 | €70,404 | - | -€70,404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,935 | €20,089 | +€155 | +0.8% |
| Other operating charges | 640/8 | €10,533 | €10,517 | -€16 | -0.2% |
| Non-recurring operating charges | 66A | €5,367 | - | -€5,367 | |
| Gross operating margin | 9900 | €126,701 | €54,919 | -€71,782 | -56.7% |
| Operating profit (loss) | 9901 | €90,866 | €24,313 | -€66,554 | -73.2% |
| Financial income | 75/76B | €39 | €44 | +€5 | +13.7% |
| Recurring financial income | 75 | €39 | €44 | +€5 | +13.7% |
| Financial charges | 65/66B | €4,204 | €2,797 | -€1,407 | -33.5% |
| Recurring financial charges | 65 | €4,204 | €2,797 | -€1,407 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €86,700 | €21,560 | -€65,141 | -75.1% |
| Income taxes | 67/77 | €20,407 | €6,217 | -€14,190 | -69.5% |
| Profit (loss) for the period | 9904 | €66,294 | €15,343 | -€50,951 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,294 | €15,343 | -€50,951 | -76.9% |
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 14 October 2026 via checked.be.