INOVERT: 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.
INOVERT
Largest movements
- Receivables within one year -€26,264
no longer reported in 2025 (was €26,264)
of which Trade receivables: -€26,262
- Tangible fixed assets -€11,040
down €11,040 (-30.5%), from €36,201 to €25,161
of which Land and buildings: -€6,443
- Deferred charges and accrued income +€9,100
new in 2025: €9,100
- Trade debts -€27,168
down €27,168 (-98.4%), from €27,596 to €428
- Debts after one year -€20,855
down €20,855 (-88.1%), from €23,663 to €2,808
- Other debts +€12,119
up €12,119 (+3.0%), from €398,027 to €410,146
- Current portion of long-term debt +€10,775
new in 2025: €10,775
- Profit (loss) carried forward -€3,208
down €3,208 (-0.8%), from -€413,716 to -€416,924
- Gross operating margin +€7,069
up €7,069, from -€2,537 to €4,532
- Other operating charges -€2,411
down €2,411 (-41.2%), from €5,856 to €3,446
- Financial charges -€266
down €266 (-9.4%), from €2,832 to €2,566
- Financial income +€75
up €75 (+260.7%), from €29 to €104
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 | €63,484 | €34,986 | -€28,498 | -44.9% |
| Fixed assets | 21/28 | €36,251 | €25,211 | -€11,040 | -30.5% |
| Tangible fixed assets | 22/27 | €36,201 | €25,161 | -€11,040 | -30.5% |
| Land and buildings | 22 | €22,436 | €15,993 | -€6,443 | -28.7% |
| Plant, machinery and equipment | 23 | €13,105 | €8,651 | -€4,454 | -34.0% |
| Furniture and vehicles | 24 | €660 | €517 | -€143 | -21.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €27,233 | €9,775 | -€17,458 | -64.1% |
| Stocks and contracts in progress | 3 | €150 | - | -€150 | |
| Stocks | 30/36 | €150 | - | -€150 | |
| Amounts receivable within one year | 40/41 | €26,264 | - | -€26,264 | |
| Trade receivables | 40 | €26,262 | - | -€26,262 | |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €819 | €675 | -€144 | -17.6% |
| Deferred charges and accrued income | 490/1 | - | €9,100 | +€9,100 | |
| Total equity and liabilities | 10/49 | €63,484 | €34,986 | -€28,498 | -44.9% |
| Equity | 10/15 | -€393,256 | -€396,464 | -€3,208 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€413,716 | -€416,924 | -€3,208 | -0.8% |
| Amounts payable | 17/49 | €456,740 | €431,451 | -€25,290 | -5.5% |
| Amounts payable after more than one year | 17 | €23,663 | €2,808 | -€20,855 | -88.1% |
| Financial debts | 170/4 | €23,663 | €2,808 | -€20,855 | -88.1% |
| Amounts payable within one year | 42/48 | €433,078 | €428,643 | -€4,435 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | - | €10,775 | +€10,775 | |
| Financial debts | 43 | €4,596 | €4,947 | +€351 | +7.6% |
| Credit institutions | 430/8 | €4,596 | €4,947 | +€351 | +7.6% |
| Trade debts | 44 | €27,596 | €428 | -€27,168 | -98.4% |
| Suppliers | 440/4 | €27,596 | €428 | -€27,168 | -98.4% |
| Taxes, remuneration and social security | 45 | €2,859 | €2,347 | -€512 | -17.9% |
| Taxes | 450/3 | €2,859 | €2,347 | -€512 | -17.9% |
| Other amounts payable | 47/48 | €398,027 | €410,146 | +€12,119 | +3.0% |
| Non-recurring operating income | 76A | €15,878 | - | -€15,878 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,436 | €2,456 | +€20 | +0.8% |
| Other operating charges | 640/8 | €5,856 | €3,446 | -€2,411 | -41.2% |
| Gross operating margin | 9900 | -€2,537 | €4,532 | +€7,069 | |
| Operating profit (loss) | 9901 | -€10,829 | -€1,370 | +€9,459 | +87.3% |
| Financial income | 75/76B | €29 | €104 | +€75 | +260.7% |
| Recurring financial income | 75 | €29 | €104 | +€75 | +260.7% |
| Financial charges | 65/66B | €2,832 | €2,566 | -€266 | -9.4% |
| Recurring financial charges | 65 | €2,832 | €2,566 | -€266 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,633 | -€3,832 | +€9,801 | +71.9% |
| Profit (loss) for the period | 9904 | -€13,633 | -€3,832 | +€9,801 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,633 | -€3,832 | +€9,801 | +71.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.