INTERNOVA: 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.
INTERNOVA
Largest movements
- Cash -€24,096
down €24,096 (-23.0%), from €104,801 to €80,705
mainly Other debts (-€47,842) and Contributions, distributions and other (-€30,000)
- Receivables within one year +€17,534
up €17,534 (+167%), from €10,515 to €28,049
of which Trade receivables: +€19,481
- Tangible fixed assets -€6,078
no longer reported in 2025 (was €6,078)
- Other debts -€47,842
down €47,842 (-63.9%), from €74,910 to €27,068
- Reserves +€46,000
up €46,000 (+59.1%), from €77,860 to €123,860
of which Distributable reserves: +€46,000
- Profit (loss) carried forward -€29,959
down €29,959 (-99.8%), from €30,015 to €56
- Tax, wage and social debts +€17,417
up €17,417 (+42.6%), from €40,894 to €58,311
- Other operating charges -€3,250
down €3,250 (-84.6%), from €3,841 to €591
- Gross operating margin -€1,426
down €1,426 (-8.2%), from €17,491 to €16,065
- Depreciation -€828
no longer reported in 2025 (was €828)
- Taxes +€241
up €241 (+2.6%), from €9,180 to €9,421
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 | €243,654 | €231,586 | -€12,068 | -5.0% |
| Fixed assets | 21/28 | €126,078 | €120,000 | -€6,078 | -4.8% |
| Tangible fixed assets | 22/27 | €6,078 | - | -€6,078 | |
| Furniture and vehicles | 24 | €6,078 | - | -€6,078 | |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €117,576 | €111,586 | -€5,990 | -5.1% |
| Amounts receivable within one year | 40/41 | €10,515 | €28,049 | +€17,534 | +167% |
| Trade receivables | 40 | - | €19,481 | +€19,481 | |
| Other amounts receivable | 41 | €10,515 | €8,568 | -€1,947 | -18.5% |
| Cash at bank and in hand | 54/58 | €104,801 | €80,705 | -€24,096 | -23.0% |
| Deferred charges and accrued income | 490/1 | €2,260 | €2,832 | +€572 | +25.3% |
| Total equity and liabilities | 10/49 | €243,654 | €231,586 | -€12,068 | -5.0% |
| Equity | 10/15 | €126,475 | €142,516 | +€16,041 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,860 | €123,860 | +€46,000 | +59.1% |
| 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 | €76,000 | €122,000 | +€46,000 | +60.5% |
| Profit (loss) carried forward | 14 | €30,015 | €56 | -€29,959 | -99.8% |
| Amounts payable | 17/49 | €117,179 | €89,070 | -€28,109 | -24.0% |
| Amounts payable within one year | 42/48 | €117,179 | €89,070 | -€28,109 | -24.0% |
| Trade debts | 44 | €1,375 | €3,691 | +€2,316 | +168% |
| Suppliers | 440/4 | €1,375 | €3,691 | +€2,316 | +168% |
| Taxes, remuneration and social security | 45 | €40,894 | €58,311 | +€17,417 | +42.6% |
| Taxes | 450/3 | €40,894 | €58,311 | +€17,417 | +42.6% |
| Other amounts payable | 47/48 | €74,910 | €27,068 | -€47,842 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €828 | - | -€828 | |
| Other operating charges | 640/8 | €3,841 | €591 | -€3,250 | -84.6% |
| Gross operating margin | 9900 | €17,491 | €16,065 | -€1,426 | -8.2% |
| Operating profit (loss) | 9901 | €12,822 | €15,474 | +€2,652 | +20.7% |
| Financial income | 75/76B | €40,000 | €40,000 | = | 0.0% |
| Recurring financial income | 75 | €40,000 | €40,000 | = | 0.0% |
| Financial charges | 65/66B | €110 | €12 | -€98 | -89.1% |
| Recurring financial charges | 65 | €110 | €12 | -€98 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €52,712 | €55,462 | +€2,750 | +5.2% |
| Income taxes | 67/77 | €9,180 | €9,421 | +€241 | +2.6% |
| Profit (loss) for the period | 9904 | €43,532 | €46,041 | +€2,509 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,532 | €46,041 | +€2,509 | +5.8% |
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 16 October 2026 via checked.be.