Inovo: what changed
Inovo
Largest movements
- Cash +€37,772
up €37,772 (+27.5%), from €137,187 to €174,959
mainly Accrued charges and deferred income (+€20,846) and Net result for the year (+€17,656)
- Receivables within one year +€7,994
up €7,994 (+85.6%), from €9,336 to €17,330
of which Trade receivables: +€7,980
- Stocks and contracts -€7,500
down €7,500 (-8.3%), from €90,000 to €82,500
- Accrued charges and deferred income +€20,846
up €20,846 (+1,390%), from €1,500 to €22,346
- Reserves +€17,656
up €17,656 (+8.4%), from €209,042 to €226,698
of which Distributable reserves: +€17,656
- Gross operating margin -€14,264
down €14,264 (-30.3%), from €47,094 to €32,829
- Taxes -€2,778
down €2,778 (-17.0%), from €16,339 to €13,561
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,135 | €274,788 | +€37,653 | +15.9% |
| Fixed assets | 21/28 | €612 | €0 | -€612 | -100% |
| Tangible fixed assets | 22/27 | €612 | €0 | -€612 | -100% |
| Furniture and vehicles | 24 | €612 | €0 | -€612 | -100% |
| Current assets | 29/58 | €236,523 | €274,788 | +€38,266 | +16.2% |
| Stocks and contracts in progress | 3 | €90,000 | €82,500 | -€7,500 | -8.3% |
| Stocks | 30/36 | €90,000 | €82,500 | -€7,500 | -8.3% |
| Amounts receivable within one year | 40/41 | €9,336 | €17,330 | +€7,994 | +85.6% |
| Trade receivables | 40 | €0 | €7,980 | +€7,980 | |
| Other amounts receivable | 41 | €9,336 | €9,350 | +€14 | +0.1% |
| Cash at bank and in hand | 54/58 | €137,187 | €174,959 | +€37,772 | +27.5% |
| Total equity and liabilities | 10/49 | €237,135 | €274,788 | +€37,653 | +15.9% |
| Equity | 10/15 | €221,442 | €239,098 | +€17,656 | +8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €209,042 | €226,698 | +€17,656 | +8.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €207,182 | €224,838 | +€17,656 | +8.5% |
| Amounts payable | 17/49 | €15,693 | €35,690 | +€19,997 | +127% |
| Amounts payable within one year | 42/48 | €14,193 | €13,344 | -€849 | -6.0% |
| Trade debts | 44 | €1,783 | €251 | -€1,532 | -85.9% |
| Suppliers | 440/4 | €1,783 | €251 | -€1,532 | -85.9% |
| Taxes, remuneration and social security | 45 | €2,800 | €4,565 | +€1,765 | +63.0% |
| Taxes | 450/3 | €2,800 | €4,565 | +€1,765 | +63.0% |
| Other amounts payable | 47/48 | €9,610 | €8,529 | -€1,082 | -11.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €22,346 | +€20,846 | +1,390% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €705 | €612 | -€93 | -13.2% |
| Other operating charges | 640/8 | €830 | €786 | -€44 | -5.3% |
| Gross operating margin | 9900 | €47,094 | €32,829 | -€14,264 | -30.3% |
| Operating profit (loss) | 9901 | €45,559 | €31,431 | -€14,128 | -31.0% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €194 | €214 | +€20 | +10.1% |
| Recurring financial charges | 65 | €194 | €214 | +€20 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €45,371 | €31,218 | -€14,154 | -31.2% |
| Income taxes | 67/77 | €16,339 | €13,561 | -€2,778 | -17.0% |
| Profit (loss) for the period | 9904 | €29,032 | €17,656 | -€11,376 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,032 | €17,656 | -€11,376 | -39.2% |
Next steps
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 6 November 2026 via checked.be.