Inovéo: what changed
What changed
Inovéo
NACE 01.480, Raising of other animals
filed annual accounts (NBB)
Net result for the year
€729,070
2024 · €106,486+€622,584
Equity
€17.1m
2024 · €16.4m+€679,622
Cash
€2.1m
2024 · €1.8m+€294,706
Balance sheet total
€20.1m
2024 · €19.0m+€1.1m
Largest movements
Assets
- Tangible fixed assets +€646,391
up €646,391 (+27.0%), from €2.4m to €3.0m
of which Assets under construction and advance payments: +€898,511
- Current investments +€520,500
up €520,500 (+7.5%), from €7.0m to €7.5m
- Receivables within one year -€514,932
down €514,932 (-12.8%), from €4.0m to €3.5m
of which Trade receivables: -€538,574
- Cash +€294,706
up €294,706 (+16.2%), from €1.8m to €2.1m
mainly Net result for the year (+€729,070) and Depreciation (+€669,010)
- Stocks and contracts +€277,319
up €277,319 (+18.6%), from €1.5m to €1.8m
Equity and liabilities
- Profit (loss) carried forward +€729,070
new in 2025: €729,070
- Trade debts +€366,490
up €366,490 (+28.0%), from €1.3m to €1.7m
Income statement
- Turnover +€1.3m
up €1.3m (+10.4%), from €12.4m to €13.7m
- Goods and materials +€440,133
up €440,133 (+13.8%), from €3.2m to €3.6m
of which Purchases: +€789,158
- Staff costs +€163,283
up €163,283 (+4.3%), from €3.8m to €3.9m
- Services and other goods +€138,433
up €138,433 (+2.3%), from €6.1m to €6.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€106,486
Turnover
+€1.3m
Other operating income
+€66,825
Goods and materials
-€440,133
Services and other goods
-€138,433
Staff costs
-€163,283
Depreciation
+€16,444
Write-downs
+€10,986
Provisions
+€22,803
Other operating charges
+€17,110
Other operating items
+€24,169
Financial income
-€80,905
Financial charges
-€1,437
Result 2025
€729,070
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.1m
Investment
-€1.7m
Financing
-€49,448
Cash 2024
€1.8m
From operations (derived)
+€2.1m
Net result for the year
+€729,070
Depreciation
+€669,010
Stocks and contracts
-€277,319
Receivables within one year
+€514,932
Deferred charges and accrued income
+€28,974
Provisions
+€27,714
Trade debts
+€366,490
Tax, wage and social debts
+€72,250
Accrued charges and deferred income
-€44,248
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.2m
Current investments
-€520,500
Financing
-€49,448
Contributions, distributions and other
-€49,448
Cash 2025
€2.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,968,954 | €20,070,782 | +€1.1m | +5.8% |
| Fixed assets | 21/28 | €4,544,040 | €5,097,249 | +€553,209 | +12.2% |
| Intangible fixed assets | 21 | €444,577 | €351,395 | -€93,182 | -21.0% |
| Tangible fixed assets | 22/27 | €2,397,991 | €3,044,382 | +€646,391 | +27.0% |
| Land and buildings | 22 | €1,560,420 | €1,313,580 | -€246,840 | -15.8% |
| Plant, machinery and equipment | 23 | €382,201 | €396,367 | +€14,166 | +3.7% |
| Furniture and vehicles | 24 | €217,730 | €197,047 | -€20,683 | -9.5% |
| Other tangible fixed assets | 26 | €227,640 | €228,877 | +€1,236 | +0.5% |
| Assets under construction and advance payments | 27 | €10,000 | €908,511 | +€898,511 | +8,985% |
| Financial fixed assets | 28 | €1,701,473 | €1,701,473 | = | 0.0% |
| Affiliated companies | 280/1 | €1,300,000 | €1,300,000 | = | 0.0% |
| Participating interests | 280 | €1,300,000 | €1,300,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €400,330 | €400,330 | = | 0.0% |
| Participating interests | 282 | €400,330 | €400,330 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,143 | €1,143 | = | 0.0% |
| Shares | 284 | €27 | €27 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,116 | €1,116 | = | 0.0% |
| Current assets | 29/58 | €14,424,914 | €14,973,533 | +€548,619 | +3.8% |
| Stocks and contracts in progress | 3 | €1,493,547 | €1,770,866 | +€277,319 | +18.6% |
| Stocks | 30/36 | €1,493,547 | €1,770,866 | +€277,319 | +18.6% |
| Raw materials and consumables | 30/31 | €97,460 | €114,109 | +€16,649 | +17.1% |
| Work in progress | 32 | €12,938 | €10,173 | -€2,765 | -21.4% |
| Goods purchased for resale | 34 | €1,383,149 | €1,646,584 | +€263,435 | +19.0% |
| Amounts receivable within one year | 40/41 | €4,013,381 | €3,498,449 | -€514,932 | -12.8% |
| Trade receivables | 40 | €3,912,074 | €3,373,500 | -€538,574 | -13.8% |
| Other amounts receivable | 41 | €101,308 | €124,949 | +€23,642 | +23.3% |
| Current investments | 50/53 | €6,950,237 | €7,470,738 | +€520,500 | +7.5% |
| Other investments | 51/53 | €6,950,237 | €7,470,738 | +€520,500 | +7.5% |
| Cash at bank and in hand | 54/58 | €1,816,639 | €2,111,345 | +€294,706 | +16.2% |
| Deferred charges and accrued income | 490/1 | €151,109 | €122,135 | -€28,974 | -19.2% |
| Total equity and liabilities | 10/49 | €18,968,954 | €20,070,782 | +€1.1m | +5.8% |
| Equity | 10/15 | €16,395,124 | €17,074,746 | +€679,622 | +4.1% |
| Contributions | 10/11 | €5,256,463 | €5,256,463 | = | 0.0% |
| Reserves | 13 | €11,052,128 | €11,052,128 | = | 0.0% |
| Non-distributable reserves | 130/1 | €694,849 | €694,849 | = | 0.0% |
| Other | 1319 | €694,849 | €694,849 | = | 0.0% |
| Distributable reserves | 133 | €10,357,278 | €10,357,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €729,070 | +€729,070 | |
| Investment grants | 15 | €86,534 | €37,086 | -€49,448 | -57.1% |
| Provisions and deferred taxes | 16 | €507,257 | €534,971 | +€27,714 | +5.5% |
| Provisions for liabilities and charges | 160/5 | €507,257 | €534,971 | +€27,714 | +5.5% |
| Other liabilities and charges | 164/5 | €507,257 | €534,971 | +€27,714 | +5.5% |
| Amounts payable | 17/49 | €2,066,573 | €2,461,065 | +€394,492 | +19.1% |
| Amounts payable within one year | 42/48 | €2,016,890 | €2,455,630 | +€438,740 | +21.8% |
| Trade debts | 44 | €1,307,827 | €1,674,317 | +€366,490 | +28.0% |
| Suppliers | 440/4 | €1,307,827 | €1,674,317 | +€366,490 | +28.0% |
| Taxes, remuneration and social security | 45 | €709,063 | €781,313 | +€72,250 | +10.2% |
| Taxes | 450/3 | €131,154 | €196,737 | +€65,583 | +50.0% |
| Remuneration and social security | 454/9 | €577,909 | €584,576 | +€6,667 | +1.2% |
| Accrued charges and deferred income | 492/3 | €49,683 | €5,435 | -€44,248 | -89.1% |
| Operating income | 70/76A | €13,552,183 | €14,918,016 | +€1.4m | +10.1% |
| Turnover | 70 | €12,409,506 | €13,697,944 | +€1.3m | +10.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€13,335 | -€2,765 | +€10,570 | +79.3% |
| Other operating income | 74 | €1,156,013 | €1,222,838 | +€66,825 | +5.8% |
| Operating charges | 60/66A | €13,999,325 | €14,660,231 | +€660,906 | +4.7% |
| Goods for resale, raw materials and consumables | 60 | €3,180,358 | €3,620,491 | +€440,133 | +13.8% |
| Purchases | 600/8 | €3,111,418 | €3,900,576 | +€789,158 | +25.4% |
| Change in stocks: decrease (increase) | 609 | €68,941 | -€280,084 | -€349,025 | |
| Services and other goods | 61 | €6,145,066 | €6,283,499 | +€138,433 | +2.3% |
| Remuneration, social security and pensions | 62 | €3,760,744 | €3,924,026 | +€163,283 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €685,454 | €669,010 | -€16,444 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,735 | -€2,251 | -€10,986 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €50,517 | €27,714 | -€22,803 | -45.1% |
| Other operating charges | 640/8 | €154,851 | €137,741 | -€17,110 | -11.0% |
| Non-recurring operating charges | 66A | €13,599 | - | -€13,599 | |
| Operating profit (loss) | 9901 | -€447,142 | €257,785 | +€704,927 | |
| Financial income | 75/76B | €569,234 | €488,329 | -€80,905 | -14.2% |
| Recurring financial income | 75 | €569,234 | €488,329 | -€80,905 | -14.2% |
| Income from financial fixed assets | 750 | €300,000 | €300,000 | = | 0.0% |
| Income from current assets | 751 | €137,333 | €119,510 | -€17,823 | -13.0% |
| Other financial income | 752/9 | €131,902 | €68,819 | -€63,082 | -47.8% |
| Financial charges | 65/66B | €15,607 | €17,044 | +€1,437 | +9.2% |
| Recurring financial charges | 65 | €15,607 | €17,044 | +€1,437 | +9.2% |
| Other financial charges | 652/9 | €15,607 | €17,044 | +€1,437 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €106,486 | €729,070 | +€622,584 | +585% |
| Profit (loss) for the period | 9904 | €106,486 | €729,070 | +€622,584 | +585% |
| Profit (loss) for the period to be appropriated | 9905 | €106,486 | €729,070 | +€622,584 | +585% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.