INPROVA: 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.
INPROVA
Largest movements
- Stocks and contracts +€45,727
up €45,727 (+802.7%), from €5,697 to €51,424
- Receivables within one year -€44,445
down €44,445 (-72.4%), from €61,371 to €16,927
- Tangible fixed assets -€28,177
down €28,177 (-3.5%), from €804,267 to €776,090
of which Land and buildings: -€23,247
- Debts after one year +€59,410
up €59,410 (+6.1%), from €972,194 to €1.0m
- Trade debts -€41,841
down €41,841 (-36.0%), from €116,268 to €74,427
- Other debts -€37,606
down €37,606 (-100.0%), from €37,606 to €0
- Tax, wage and social debts -€11,395
down €11,395 (-33.8%), from €33,735 to €22,340
of which Taxes: -€16,107
- Staff costs +€45,803
up €45,803 (+21.2%), from €216,126 to €261,930
- Depreciation -€24,159
down €24,159 (-45.5%), from €53,060 to €28,902
- Gross operating margin +€13,453
up €13,453 (+4.5%), from €298,994 to €312,447
- Financial charges -€9,080
down €9,080 (-42.2%), from €21,504 to €12,424
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 | €889,465 | €864,277 | -€25,188 | -2.8% |
| Fixed assets | 21/28 | €805,674 | €777,497 | -€28,177 | -3.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €804,267 | €776,090 | -€28,177 | -3.5% |
| Land and buildings | 22 | €787,028 | €763,780 | -€23,247 | -3.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €17,239 | €12,309 | -€4,930 | -28.6% |
| Financial fixed assets | 28 | €1,407 | €1,407 | = | 0.0% |
| Current assets | 29/58 | €83,791 | €86,780 | +€2,989 | +3.6% |
| Stocks and contracts in progress | 3 | €5,697 | €51,424 | +€45,727 | +802.7% |
| Stocks | 30/36 | €5,697 | €51,424 | +€45,727 | +802.7% |
| Amounts receivable within one year | 40/41 | €61,371 | €16,927 | -€44,445 | -72.4% |
| Trade receivables | 40 | €61,371 | €16,927 | -€44,445 | -72.4% |
| Cash at bank and in hand | 54/58 | €2,870 | €2,990 | +€121 | +4.2% |
| Deferred charges and accrued income | 490/1 | €13,854 | €15,439 | +€1,586 | +11.4% |
| Total equity and liabilities | 10/49 | €889,465 | €864,277 | -€25,188 | -2.8% |
| Equity | 10/15 | -€367,360 | -€360,918 | +€6,442 | +1.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€417,360 | -€410,918 | +€6,442 | +1.5% |
| Amounts payable | 17/49 | €1,256,825 | €1,225,195 | -€31,630 | -2.5% |
| Amounts payable after more than one year | 17 | €972,194 | €1,031,604 | +€59,410 | +6.1% |
| Financial debts | 170/4 | €972,194 | €1,031,604 | +€59,410 | +6.1% |
| Amounts payable within one year | 42/48 | €284,631 | €193,590 | -€91,040 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €97,022 | €96,824 | -€198 | -0.2% |
| Trade debts | 44 | €116,268 | €74,427 | -€41,841 | -36.0% |
| Suppliers | 440/4 | €116,268 | €74,427 | -€41,841 | -36.0% |
| Taxes, remuneration and social security | 45 | €33,735 | €22,340 | -€11,395 | -33.8% |
| Taxes | 450/3 | €30,983 | €14,876 | -€16,107 | -52.0% |
| Remuneration and social security | 454/9 | €2,752 | €7,463 | +€4,712 | +171.2% |
| Other amounts payable | 47/48 | €37,606 | €0 | -€37,606 | -100.0% |
| Remuneration, social security and pensions | 62 | €216,126 | €261,930 | +€45,803 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,060 | €28,902 | -€24,159 | -45.5% |
| Other operating charges | 640/8 | €4,518 | €2,842 | -€1,676 | -37.1% |
| Gross operating margin | 9900 | €298,994 | €312,447 | +€13,453 | +4.5% |
| Operating profit (loss) | 9901 | €25,289 | €18,774 | -€6,515 | -25.8% |
| Financial income | 75/76B | €252 | €93 | -€159 | -63.1% |
| Recurring financial income | 75 | €252 | €93 | -€159 | -63.1% |
| Financial charges | 65/66B | €21,504 | €12,424 | -€9,080 | -42.2% |
| Recurring financial charges | 65 | €21,504 | €12,424 | -€9,080 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €4,037 | €6,442 | +€2,405 | +59.6% |
| Profit (loss) for the period | 9904 | €4,037 | €6,442 | +€2,405 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,037 | €6,442 | +€2,405 | +59.6% |
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 4 October 2026 via checked.be.