INOVEST: 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.
INOVEST
Largest movements
- Tangible fixed assets -€62,446
down €62,446 (-4.9%), from €1.3m to €1.2m
of which Land and buildings: -€62,291
- Debts after one year -€316,945
down €316,945 (-32.9%), from €963,395 to €646,450
of which Financial debts: -€316,945
- Other debts +€285,899
up €285,899 (+68.0%), from €420,485 to €706,384
- Profit (loss) carried forward -€32,424
down €32,424 (-19.0%), from -€170,460 to -€202,884
- Purchases and services +€11,120
up €11,120 (+80.5%), from €13,820 to €24,940
- Financial charges +€7,620
up €7,620 (+31.7%), from €24,051 to €31,671
- Turnover +€6,013
up €6,013 (+6.3%), from €96,113 to €102,126
- Gross operating margin -€4,031
down €4,031 (-4.9%), from €82,293 to €78,262
- Financial income +€3,574
up €3,574 (+495%), from €722 to €4,296
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.
Derived cash bridge
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 | €1,281,290 | €1,217,069 | -€64,221 | -5.0% |
| Fixed assets | 21/28 | €1,274,282 | €1,211,836 | -€62,446 | -4.9% |
| Tangible fixed assets | 22/27 | €1,274,282 | €1,211,836 | -€62,446 | -4.9% |
| Land and buildings | 22 | €1,145,163 | €1,082,872 | -€62,291 | -5.4% |
| Plant, machinery and equipment | 23 | €128,469 | €128,487 | +€18 | 0.0% |
| Furniture and vehicles | 24 | €650 | €477 | -€173 | -26.6% |
| Current assets | 29/58 | €7,008 | €5,233 | -€1,775 | -25.3% |
| Cash at bank and in hand | 54/58 | €4,515 | €5,233 | +€718 | +15.9% |
| Deferred charges and accrued income | 490/1 | €2,493 | - | -€2,493 | |
| Total equity and liabilities | 10/49 | €1,281,290 | €1,217,069 | -€64,221 | -5.0% |
| Equity | 10/15 | -€151,860 | -€184,284 | -€32,424 | -21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,460 | -€202,884 | -€32,424 | -19.0% |
| Amounts payable | 17/49 | €1,433,150 | €1,401,353 | -€31,797 | -2.2% |
| Amounts payable after more than one year | 17 | €963,395 | €646,450 | -€316,945 | -32.9% |
| Financial debts | 170/4 | €945,830 | €628,885 | -€316,945 | -33.5% |
| Other amounts payable | 178/9 | €17,565 | €17,565 | = | 0.0% |
| Amounts payable within one year | 42/48 | €469,755 | €754,902 | +€285,147 | +60.7% |
| Current portion of amounts payable after more than one year | 42 | €47,639 | €48,203 | +€564 | +1.2% |
| Trade debts | 44 | €1,631 | €315 | -€1,316 | -80.7% |
| Suppliers | 440/4 | €1,631 | €315 | -€1,316 | -80.7% |
| Other amounts payable | 47/48 | €420,485 | €706,384 | +€285,899 | +68.0% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Turnover | 70 | €96,113 | €102,126 | +€6,013 | +6.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,820 | €24,940 | +€11,120 | +80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,143 | €79,050 | +€1,907 | +2.5% |
| Other operating charges | 640/8 | €4,007 | €4,261 | +€254 | +6.3% |
| Gross operating margin | 9900 | €82,293 | €78,262 | -€4,031 | -4.9% |
| Operating profit (loss) | 9901 | €1,143 | -€5,049 | -€6,192 | |
| Financial income | 75/76B | €722 | €4,296 | +€3,574 | +495% |
| Recurring financial income | 75 | €722 | €4,296 | +€3,574 | +495% |
| Financial charges | 65/66B | €24,051 | €31,671 | +€7,620 | +31.7% |
| Recurring financial charges | 65 | €24,051 | €31,671 | +€7,620 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,186 | -€32,424 | -€10,238 | -46.1% |
| Profit (loss) for the period | 9904 | -€22,186 | -€32,424 | -€10,238 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,186 | -€32,424 | -€10,238 | -46.1% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.