INOVA CONSTRUCTIONS: 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 CONSTRUCTIONS
Largest movements
- Receivables within one year -€345,239
down €345,239 (-70.2%), from €491,764 to €146,526
of which Trade receivables: -€336,016
- Stocks and contracts +€197,112
new in 2025: €197,112
- Cash +€27,008
up €27,008 (+215%), from €12,537 to €39,545
mainly Receivables within one year (+€345,239) and Debts after one year (+€88,084)
- Trade debts -€286,596
down €286,596 (-85.7%), from €334,373 to €47,777
of which Bills of exchange payable: -€287,198
- Debts after one year +€88,084
up €88,084 (+155%), from €56,851 to €144,935
- Other debts +€82,437
new in 2025: €82,437
- Other operating charges +€22,933
up €22,933 (+1,716%), from €1,337 to €24,269
- Financial income +€16,232
up €16,232 (+14,756,564%), from €0 to €16,232
of which Non-recurring financial income: +€16,221
- Gross operating margin -€3,817
down €3,817 (-7.6%), from €50,106 to €46,289
- Financial charges +€1,950
up €1,950 (+27.7%), from €7,035 to €8,985
- Taxes +€1,220
up €1,220 (+18.0%), from €6,776 to €7,996
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 | €535,645 | €419,457 | -€116,188 | -21.7% |
| Fixed assets | 21/28 | €31,344 | €36,274 | +€4,930 | +15.7% |
| Tangible fixed assets | 22/27 | €31,344 | €36,274 | +€4,930 | +15.7% |
| Plant, machinery and equipment | 23 | €1,982 | €2,498 | +€516 | +26.0% |
| Furniture and vehicles | 24 | €29,362 | €33,776 | +€4,414 | +15.0% |
| Current assets | 29/58 | €504,301 | €383,183 | -€121,118 | -24.0% |
| Stocks and contracts in progress | 3 | - | €197,112 | +€197,112 | |
| Stocks | 30/36 | - | €197,112 | +€197,112 | |
| Amounts receivable within one year | 40/41 | €491,764 | €146,526 | -€345,239 | -70.2% |
| Trade receivables | 40 | €473,299 | €137,283 | -€336,016 | -71.0% |
| Other amounts receivable | 41 | €18,465 | €9,243 | -€9,222 | -49.9% |
| Cash at bank and in hand | 54/58 | €12,537 | €39,545 | +€27,008 | +215% |
| Total equity and liabilities | 10/49 | €535,645 | €419,457 | -€116,188 | -21.7% |
| Equity | 10/15 | €129,194 | €132,568 | +€3,375 | +2.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,084 | €132,458 | +€3,375 | +2.6% |
| Amounts payable | 17/49 | €406,452 | €286,889 | -€119,563 | -29.4% |
| Amounts payable after more than one year | 17 | €56,851 | €144,935 | +€88,084 | +155% |
| Financial debts | 170/4 | €56,851 | €144,935 | +€88,084 | +155% |
| Amounts payable within one year | 42/48 | €349,601 | €141,954 | -€207,646 | -59.4% |
| Current portion of amounts payable after more than one year | 42 | €9,154 | €4,516 | -€4,639 | -50.7% |
| Financial debts | 43 | - | €1,038 | +€1,038 | |
| Credit institutions | 430/8 | - | €1,038 | +€1,038 | |
| Trade debts | 44 | €334,373 | €47,777 | -€286,596 | -85.7% |
| Suppliers | 440/4 | €32,503 | €33,105 | +€602 | +1.9% |
| Bills of exchange payable | 441 | €301,870 | €14,672 | -€287,198 | -95.1% |
| Taxes, remuneration and social security | 45 | €6,073 | €6,186 | +€113 | +1.9% |
| Taxes | 450/3 | €6,073 | €6,186 | +€113 | +1.9% |
| Other amounts payable | 47/48 | - | €82,437 | +€82,437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,684 | €17,896 | +€1,213 | +7.3% |
| Other operating charges | 640/8 | €1,337 | €24,269 | +€22,933 | +1,716% |
| Gross operating margin | 9900 | €50,106 | €46,289 | -€3,817 | -7.6% |
| Operating profit (loss) | 9901 | €32,086 | €4,123 | -€27,962 | -87.1% |
| Financial income | 75/76B | €0 | €16,232 | +€16,232 | +14,756,564% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +10,182% |
| Non-recurring financial income | 76B | - | €16,221 | +€16,221 | |
| Financial charges | 65/66B | €7,035 | €8,985 | +€1,950 | +27.7% |
| Recurring financial charges | 65 | €7,035 | €8,985 | +€1,950 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €25,051 | €11,370 | -€13,681 | -54.6% |
| Income taxes | 67/77 | €6,776 | €7,996 | +€1,220 | +18.0% |
| Profit (loss) for the period | 9904 | €18,275 | €3,375 | -€14,901 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,275 | €3,375 | -€14,901 | -81.5% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.