INOVATE: 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.
INOVATE
Largest movements
- Receivables within one year +€14,912
up €14,912 (+19.2%), from €77,583 to €92,495
of which Trade receivables: +€7,731
- Tangible fixed assets +€7,318
new in 2025: €7,318
- Cash +€2,512
up €2,512 (+2,676%), from €94 to €2,606
mainly Trade debts (+€15,773) and Net result for the year (+€11,202)
- Trade debts +€15,773
up €15,773 (+41.0%), from €38,501 to €54,274
- Profit (loss) carried forward +€11,202
up €11,202 (+34.2%), from €32,802 to €44,004
- Tax, wage and social debts -€1,721
down €1,721 (-33.9%), from €5,074 to €3,353
- Turnover +€297,562
new in 2025: €297,562
- Purchases and services +€286,154
new in 2025: €286,154
- Gross operating margin -€8,970
down €8,970 (-36.5%), from €24,586 to €15,616
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 | €77,677 | €102,931 | +€25,254 | +32.5% |
| Fixed assets | 21/28 | - | €7,318 | +€7,318 | |
| Tangible fixed assets | 22/27 | - | €7,318 | +€7,318 | |
| Furniture and vehicles | 24 | - | €7,318 | +€7,318 | |
| Current assets | 29/58 | €77,677 | €95,613 | +€17,936 | +23.1% |
| Amounts receivable within one year | 40/41 | €77,583 | €92,495 | +€14,912 | +19.2% |
| Trade receivables | 40 | €75,866 | €83,597 | +€7,731 | +10.2% |
| Other amounts receivable | 41 | €1,717 | €8,898 | +€7,181 | +418% |
| Cash at bank and in hand | 54/58 | €94 | €2,606 | +€2,512 | +2,676% |
| Deferred charges and accrued income | 490/1 | - | €512 | +€512 | |
| Total equity and liabilities | 10/49 | €77,677 | €102,931 | +€25,254 | +32.5% |
| Equity | 10/15 | €34,102 | €45,304 | +€11,202 | +32.8% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,802 | €44,004 | +€11,202 | +34.2% |
| Amounts payable | 17/49 | €43,575 | €57,627 | +€14,052 | +32.2% |
| Amounts payable within one year | 42/48 | €43,575 | €57,627 | +€14,052 | +32.2% |
| Trade debts | 44 | €38,501 | €54,274 | +€15,773 | +41.0% |
| Suppliers | 440/4 | €38,501 | €54,274 | +€15,773 | +41.0% |
| Taxes, remuneration and social security | 45 | €5,074 | €3,353 | -€1,721 | -33.9% |
| Taxes | 450/3 | €5,074 | €3,353 | -€1,721 | -33.9% |
| Turnover | 70 | - | €297,562 | +€297,562 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €286,154 | +€286,154 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,082 | +€1,082 | |
| Other operating charges | 640/8 | €318 | €179 | -€139 | -43.7% |
| Gross operating margin | 9900 | €24,586 | €15,616 | -€8,970 | -36.5% |
| Operating profit (loss) | 9901 | €24,267 | €14,355 | -€9,912 | -40.8% |
| Financial income | 75/76B | - | €348 | +€348 | |
| Recurring financial income | 75 | - | €348 | +€348 | |
| Financial charges | 65/66B | €101 | €148 | +€47 | +47.0% |
| Recurring financial charges | 65 | €101 | €148 | +€47 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €24,167 | €14,555 | -€9,612 | -39.8% |
| Income taxes | 67/77 | €5,074 | €3,353 | -€1,721 | -33.9% |
| Profit (loss) for the period | 9904 | €19,093 | €11,202 | -€7,890 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,093 | €11,202 | -€7,890 | -41.3% |
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 22 October 2026 via checked.be.