INOVATIVE: 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.
INOVATIVE
Largest movements
- Deferred charges and accrued income +€9,323
up €9,323 (+487.0%), from €1,914 to €11,237
- Receivables within one year +€5,419
up €5,419 (+3.1%), from €177,490 to €182,909
of which Trade receivables: +€10,241
- Trade debts +€59,902
up €59,902 (+110.6%), from €54,159 to €114,061
- Tax, wage and social debts -€21,887
down €21,887 (-27.7%), from €79,127 to €57,240
of which Remuneration and social security: -€22,089
- Profit (loss) carried forward -€10,547
down €10,547 (-20.4%), from €51,646 to €41,099
- Current portion of long-term debt -€8,642
down €8,642 (-37.6%), from €22,977 to €14,335
- Accrued charges and deferred income +€3,831
up €3,831 (+137.1%), from €2,795 to €6,626
- Staff costs +€143,592
up €143,592 (+49.6%), from €289,717 to €433,309
- Gross operating margin +€109,519
up €109,519 (+32.1%), from €341,370 to €450,889
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 | €247,158 | €263,413 | +€16,254 | +6.6% |
| Fixed assets | 21/28 | €59,026 | €58,246 | -€780 | -1.3% |
| Tangible fixed assets | 22/27 | €59,026 | €58,246 | -€780 | -1.3% |
| Plant, machinery and equipment | 23 | €4,799 | €3,473 | -€1,326 | -27.6% |
| Furniture and vehicles | 24 | €5,586 | €532 | -€5,054 | -90.5% |
| Leasing and similar rights | 25 | €48,642 | €54,242 | +€5,600 | +11.5% |
| Current assets | 29/58 | €188,132 | €205,167 | +€17,034 | +9.1% |
| Amounts receivable within one year | 40/41 | €177,490 | €182,909 | +€5,419 | +3.1% |
| Trade receivables | 40 | €167,668 | €177,909 | +€10,241 | +6.1% |
| Other amounts receivable | 41 | €9,822 | €5,000 | -€4,822 | -49.1% |
| Cash at bank and in hand | 54/58 | €8,728 | €11,020 | +€2,292 | +26.3% |
| Deferred charges and accrued income | 490/1 | €1,914 | €11,237 | +€9,323 | +487.0% |
| Total equity and liabilities | 10/49 | €247,158 | €263,413 | +€16,254 | +6.6% |
| Equity | 10/15 | €56,646 | €46,099 | -€10,547 | -18.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,646 | €41,099 | -€10,547 | -20.4% |
| Amounts payable | 17/49 | €190,512 | €217,314 | +€26,802 | +14.1% |
| Amounts payable after more than one year | 17 | €9,165 | €5,878 | -€3,287 | -35.9% |
| Financial debts | 170/4 | €9,165 | €5,878 | -€3,287 | -35.9% |
| Amounts payable within one year | 42/48 | €178,552 | €204,810 | +€26,258 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €22,977 | €14,335 | -€8,642 | -37.6% |
| Trade debts | 44 | €54,159 | €114,061 | +€59,902 | +110.6% |
| Suppliers | 440/4 | €54,159 | €114,061 | +€59,902 | +110.6% |
| Taxes, remuneration and social security | 45 | €79,127 | €57,240 | -€21,887 | -27.7% |
| Taxes | 450/3 | €1,233 | €1,435 | +€203 | +16.4% |
| Remuneration and social security | 454/9 | €77,894 | €55,805 | -€22,089 | -28.4% |
| Other amounts payable | 47/48 | €22,290 | €19,174 | -€3,116 | -14.0% |
| Accrued charges and deferred income | 492/3 | €2,795 | €6,626 | +€3,831 | +137.1% |
| Remuneration, social security and pensions | 62 | €289,717 | €433,309 | +€143,592 | +49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,925 | €15,957 | -€2,968 | -15.7% |
| Other operating charges | 640/8 | €579 | €4,667 | +€4,088 | +706.0% |
| Non-recurring operating charges | 66A | €311 | - | -€311 | |
| Gross operating margin | 9900 | €341,370 | €450,889 | +€109,519 | +32.1% |
| Operating profit (loss) | 9901 | €31,837 | -€3,045 | -€34,882 | |
| Financial income | 75/76B | €136 | €32 | -€104 | -76.4% |
| Recurring financial income | 75 | €136 | €32 | -€104 | -76.4% |
| Financial charges | 65/66B | €4,653 | €7,183 | +€2,530 | +54.4% |
| Recurring financial charges | 65 | €4,653 | €7,183 | +€2,530 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €27,320 | -€10,196 | -€37,516 | |
| Income taxes | 67/77 | - | €352 | +€352 | |
| Profit (loss) for the period | 9904 | €27,320 | -€10,547 | -€37,868 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,320 | -€10,547 | -€37,868 |
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.