INOVE-IT: 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.
INOVE-IT
Largest movements
- Cash +€46,868
up €46,868 (+112.0%), from €41,835 to €88,703
mainly Net result for the year (+€25,593) and Receivables within one year (+€19,209)
- Receivables within one year -€19,209
down €19,209 (-29.9%), from €64,324 to €45,114
of which Trade receivables: -€11,126
- Reserves +€25,593
up €25,593 (+26.6%), from €96,209 to €121,802
- Gross operating margin +€1,773
up €1,773 (+4.9%), from €36,159 to €37,932
- Taxes +€667
up €667 (+7.2%), from €9,288 to €9,955
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 | €111,095 | €137,387 | +€26,292 | +23.7% |
| Fixed assets | 21/28 | €3,316 | €2,223 | -€1,093 | -33.0% |
| Tangible fixed assets | 22/27 | €3,316 | €2,223 | -€1,093 | -33.0% |
| Plant, machinery and equipment | 23 | €790 | €591 | -€199 | -25.2% |
| Furniture and vehicles | 24 | €2,526 | €1,632 | -€895 | -35.4% |
| Current assets | 29/58 | €107,778 | €135,164 | +€27,385 | +25.4% |
| Amounts receivable within one year | 40/41 | €64,324 | €45,114 | -€19,209 | -29.9% |
| Trade receivables | 40 | €53,794 | €42,668 | -€11,126 | -20.7% |
| Other amounts receivable | 41 | €10,530 | €2,446 | -€8,083 | -76.8% |
| Cash at bank and in hand | 54/58 | €41,835 | €88,703 | +€46,868 | +112.0% |
| Deferred charges and accrued income | 490/1 | €1,620 | €1,346 | -€273 | -16.9% |
| Total equity and liabilities | 10/49 | €111,095 | €137,387 | +€26,292 | +23.7% |
| Equity | 10/15 | €102,409 | €128,002 | +€25,593 | +25.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,209 | €121,802 | +€25,593 | +26.6% |
| Distributable reserves | 133 | €96,209 | €121,802 | +€25,593 | +26.6% |
| Amounts payable | 17/49 | €8,686 | €9,385 | +€699 | +8.0% |
| Amounts payable within one year | 42/48 | €8,686 | €9,385 | +€699 | +8.0% |
| Trade debts | 44 | €1,289 | €936 | -€353 | -27.4% |
| Suppliers | 440/4 | €1,289 | €936 | -€353 | -27.4% |
| Taxes, remuneration and social security | 45 | €7,397 | €8,182 | +€784 | +10.6% |
| Taxes | 450/3 | €7,397 | €8,182 | +€784 | +10.6% |
| Other amounts payable | 47/48 | - | €267 | +€267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,080 | €1,093 | +€14 | +1.3% |
| Other operating charges | 640/8 | €1,172 | €1,189 | +€18 | +1.5% |
| Gross operating margin | 9900 | €36,159 | €37,932 | +€1,773 | +4.9% |
| Operating profit (loss) | 9901 | €33,908 | €35,649 | +€1,742 | +5.1% |
| Financial income | 75/76B | €150 | €12 | -€137 | -91.7% |
| Recurring financial income | 75 | €150 | €12 | -€137 | -91.7% |
| Financial charges | 65/66B | €118 | €114 | -€4 | -3.0% |
| Recurring financial charges | 65 | €118 | €114 | -€4 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €33,940 | €35,548 | +€1,608 | +4.7% |
| Income taxes | 67/77 | €9,288 | €9,955 | +€667 | +7.2% |
| Profit (loss) for the period | 9904 | €24,652 | €25,593 | +€941 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,652 | €25,593 | +€941 | +3.8% |
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 10 October 2026 via checked.be.