INOVATIO: what changed
Two fiscal 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.
INOVATIO
Largest movements
- Receivables within one year +€22,661
up €22,661 (+14.5%), from €156,681 to €179,342
of which Trade receivables: +€19,310
- Profit (loss) carried forward +€20,372
up €20,372, from -€20,372 to €0
- Short-term financial debts +€5,000
up €5,000, from €0 to €5,000
- Trade debts -€4,109
down €4,109 (-95.0%), from €4,325 to €215
- Other debts -€2,492
down €2,492 (-2.7%), from €92,185 to €89,693
- Gross operating margin +€38,299
up €38,299, from -€19,343 to €18,956
- Taxes +€3,752
up €3,752 (+898.8%), from €417 to €4,169
- Financial income +€1,416
up €1,416 (+15.6%), from €9,063 to €10,478
- Depreciation +€355
up €355 (+20.5%), from €1,728 to €2,083
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.
Cash bridge derived
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 | €222,176 | €242,824 | +€20,648 | +9.3% |
| Fixed assets | 21/28 | €6,260 | €4,178 | -€2,083 | -33.3% |
| Tangible fixed assets | 22/27 | €6,260 | €4,178 | -€2,083 | -33.3% |
| Plant, machinery and equipment | 23 | €3,531 | €2,278 | -€1,252 | -35.5% |
| Furniture and vehicles | 24 | €2,730 | €1,899 | -€830 | -30.4% |
| Current assets | 29/58 | €215,915 | €238,646 | +€22,731 | +10.5% |
| Amounts receivable after more than one year | 29 | €49,047 | €51,009 | +€1,962 | +4.0% |
| Trade receivables | 290 | €49,047 | €51,009 | +€1,962 | +4.0% |
| Stocks and contracts in progress | 3 | €2,407 | €2,407 | = | 0.0% |
| Stocks | 30/36 | €2,407 | €2,407 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €156,681 | €179,342 | +€22,661 | +14.5% |
| Trade receivables | 40 | €17,377 | €36,687 | +€19,310 | +111.1% |
| Other amounts receivable | 41 | €139,304 | €142,655 | +€3,351 | +2.4% |
| Cash at bank and in hand | 54/58 | €6,095 | €5,715 | -€380 | -6.2% |
| Deferred charges and accrued income | 490/1 | €1,686 | €174 | -€1,512 | -89.7% |
| Total equity and liabilities | 10/49 | €222,176 | €242,824 | +€20,648 | +9.3% |
| Equity | 10/15 | €117,271 | €139,520 | +€22,249 | +19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,443 | €133,320 | +€1,877 | +1.4% |
| Distributable reserves | 133 | €131,443 | €133,320 | +€1,877 | +1.4% |
| Profit (loss) carried forward | 14 | -€20,372 | €0 | +€20,372 | |
| Amounts payable | 17/49 | €104,905 | €103,304 | -€1,601 | -1.5% |
| Amounts payable within one year | 42/48 | €104,905 | €103,304 | -€1,601 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | €0 | €5,000 | +€5,000 | |
| Trade debts | 44 | €4,325 | €215 | -€4,109 | -95.0% |
| Suppliers | 440/4 | €4,325 | €215 | -€4,109 | -95.0% |
| Taxes, remuneration and social security | 45 | €8,396 | €8,396 | = | 0.0% |
| Taxes | 450/3 | €8,396 | €8,396 | = | 0.0% |
| Other amounts payable | 47/48 | €92,185 | €89,693 | -€2,492 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,728 | €2,083 | +€355 | +20.5% |
| Other operating charges | 640/8 | €662 | €696 | +€34 | +5.1% |
| Gross operating margin | 9900 | -€19,343 | €18,956 | +€38,299 | |
| Operating profit (loss) | 9901 | -€21,734 | €16,177 | +€37,911 | |
| Financial income | 75/76B | €9,063 | €10,478 | +€1,416 | +15.6% |
| Recurring financial income | 75 | €9,063 | €10,478 | +€1,416 | +15.6% |
| Financial charges | 65/66B | €273 | €237 | -€36 | -13.3% |
| Recurring financial charges | 65 | €273 | €237 | -€36 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,944 | €26,419 | +€39,362 | |
| Income taxes | 67/77 | €417 | €4,169 | +€3,752 | +898.8% |
| Profit (loss) for the period | 9904 | -€13,361 | €22,249 | +€35,611 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,361 | €22,249 | +€35,611 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.