iNovum: 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.
iNovum
Largest movements
- Receivables within one year +€32,759
up €32,759 (+163%), from €20,154 to €52,914
of which Trade receivables: +€21,931
- Cash +€12,596
up €12,596 (+60.4%), from €20,866 to €33,462
mainly Net result for the year (+€40,005) and Depreciation (+€21,804)
- Tangible fixed assets -€11,161
down €11,161 (-6.5%), from €170,558 to €159,397
of which Furniture and vehicles: -€7,350
- Profit (loss) carried forward +€35,484
up €35,484 (+785%), from €4,521 to €40,005
- Debts after one year -€22,190
down €22,190 (-16.2%), from €137,034 to €114,843
- Tax, wage and social debts +€13,816
up €13,816 (+143%), from €9,680 to €23,496
of which Taxes: +€13,023
- Reserves +€4,521
up €4,521 (+14.2%), from €31,891 to €36,412
- Gross operating margin +€47,533
up €47,533 (+145%), from €32,695 to €80,228
- Taxes +€8,790
up €8,790 (+277%), from €3,171 to €11,962
- Financial charges +€2,208
up €2,208 (+61.1%), from €3,613 to €5,821
- Depreciation +€2,011
up €2,011 (+10.2%), from €19,793 to €21,804
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 | €211,829 | €246,022 | +€34,194 | +16.1% |
| Fixed assets | 21/28 | €170,808 | €159,647 | -€11,161 | -6.5% |
| Tangible fixed assets | 22/27 | €170,558 | €159,397 | -€11,161 | -6.5% |
| Land and buildings | 22 | €93,886 | €90,075 | -€3,812 | -4.1% |
| Furniture and vehicles | 24 | €76,672 | €69,322 | -€7,350 | -9.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €41,021 | €86,376 | +€45,355 | +111% |
| Amounts receivable within one year | 40/41 | €20,154 | €52,914 | +€32,759 | +163% |
| Trade receivables | 40 | €14,036 | €35,967 | +€21,931 | +156% |
| Other amounts receivable | 41 | €6,118 | €16,946 | +€10,828 | +177% |
| Cash at bank and in hand | 54/58 | €20,866 | €33,462 | +€12,596 | +60.4% |
| Total equity and liabilities | 10/49 | €211,829 | €246,022 | +€34,194 | +16.1% |
| Equity | 10/15 | €40,412 | €80,417 | +€40,005 | +99.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €31,891 | €36,412 | +€4,521 | +14.2% |
| Distributable reserves | 133 | €31,891 | €36,412 | +€4,521 | +14.2% |
| Profit (loss) carried forward | 14 | €4,521 | €40,005 | +€35,484 | +785% |
| Amounts payable | 17/49 | €171,417 | €165,605 | -€5,811 | -3.4% |
| Amounts payable after more than one year | 17 | €137,034 | €114,843 | -€22,190 | -16.2% |
| Financial debts | 170/4 | €137,034 | €114,843 | -€22,190 | -16.2% |
| Amounts payable within one year | 42/48 | €34,383 | €50,762 | +€16,379 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €21,462 | €22,190 | +€729 | +3.4% |
| Trade debts | 44 | €3,241 | €5,076 | +€1,834 | +56.6% |
| Suppliers | 440/4 | €3,241 | €5,076 | +€1,834 | +56.6% |
| Taxes, remuneration and social security | 45 | €9,680 | €23,496 | +€13,816 | +143% |
| Taxes | 450/3 | €9,680 | €22,703 | +€13,023 | +135% |
| Remuneration and social security | 454/9 | - | €793 | +€793 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,793 | €21,804 | +€2,011 | +10.2% |
| Other operating charges | 640/8 | €1,611 | €1,302 | -€309 | -19.2% |
| Gross operating margin | 9900 | €32,695 | €80,228 | +€47,533 | +145% |
| Operating profit (loss) | 9901 | €11,290 | €57,122 | +€45,831 | +406% |
| Financial income | 75/76B | €15 | €666 | +€651 | +4,215% |
| Recurring financial income | 75 | €15 | €666 | +€651 | +4,215% |
| Financial charges | 65/66B | €3,613 | €5,821 | +€2,208 | +61.1% |
| Recurring financial charges | 65 | €3,613 | €5,821 | +€2,208 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €7,693 | €51,967 | +€44,274 | +576% |
| Income taxes | 67/77 | €3,171 | €11,962 | +€8,790 | +277% |
| Profit (loss) for the period | 9904 | €4,521 | €40,005 | +€35,484 | +785% |
| Profit (loss) for the period to be appropriated | 9905 | €4,521 | €40,005 | +€35,484 | +785% |
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 26 October 2026 via checked.be.