IPinnova: 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.
IPinnova
Largest movements
- Receivables within one year +€100,321
up €100,321 (+957.3%), from €10,480 to €110,801
of which Trade receivables: +€75,141
- Current investments +€79,421
up €79,421 (+15.6%), from €508,791 to €588,212
- Reserves +€134,715
up €134,715 (+28.0%), from €481,776 to €616,491
- Profit (loss) carried forward -€123,491
down €123,491 (-100.0%), from €123,491 to €0
- Other debts +€120,163
up €120,163 (+3611.4%), from €3,327 to €123,491
- Tax, wage and social debts +€40,896
up €40,896 (+129.7%), from €31,536 to €72,431
- Gross operating margin +€55,994
up €55,994 (+37.6%), from €148,995 to €204,990
- Taxes +€15,495
up €15,495 (+29.5%), from €52,523 to €68,018
- Financial charges +€13,856
up €13,856 (+496.7%), from €2,790 to €16,645
- Financial income -€3,335
down €3,335 (-14.2%), from €23,425 to €20,090
- Other operating charges -€2,537
down €2,537 (-96.5%), from €2,630 to €93
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 | €659,228 | €836,501 | +€177,273 | +26.9% |
| Formation expenses | 20 | - | €739 | +€739 | |
| Fixed assets | 21/28 | €18,132 | €14,978 | -€3,154 | -17.4% |
| Tangible fixed assets | 22/27 | €18,132 | €14,978 | -€3,154 | -17.4% |
| Plant, machinery and equipment | 23 | €5,985 | €4,140 | -€1,845 | -30.8% |
| Furniture and vehicles | 24 | €12,147 | €10,838 | -€1,310 | -10.8% |
| Current assets | 29/58 | €641,096 | €820,784 | +€179,688 | +28.0% |
| Amounts receivable within one year | 40/41 | €10,480 | €110,801 | +€100,321 | +957.3% |
| Trade receivables | 40 | €10,480 | €85,621 | +€75,141 | +717.0% |
| Other amounts receivable | 41 | - | €25,180 | +€25,180 | |
| Current investments | 50/53 | €508,791 | €588,212 | +€79,421 | +15.6% |
| Cash at bank and in hand | 54/58 | €120,675 | €121,546 | +€872 | +0.7% |
| Deferred charges and accrued income | 490/1 | €1,150 | €226 | -€925 | -80.4% |
| Total equity and liabilities | 10/49 | €659,228 | €836,501 | +€177,273 | +26.9% |
| Equity | 10/15 | €623,867 | €635,091 | +€11,225 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €481,776 | €616,491 | +€134,715 | +28.0% |
| Distributable reserves | 133 | €481,776 | €616,491 | +€134,715 | +28.0% |
| Profit (loss) carried forward | 14 | €123,491 | €0 | -€123,491 | -100.0% |
| Amounts payable | 17/49 | €35,361 | €201,410 | +€166,048 | +469.6% |
| Amounts payable within one year | 42/48 | €35,361 | €201,410 | +€166,048 | +469.6% |
| Trade debts | 44 | €498 | €5,488 | +€4,989 | +1001.1% |
| Suppliers | 440/4 | €498 | €5,488 | +€4,989 | +1001.1% |
| Taxes, remuneration and social security | 45 | €31,536 | €72,431 | +€40,896 | +129.7% |
| Taxes | 450/3 | €31,536 | €72,431 | +€40,896 | +129.7% |
| Other amounts payable | 47/48 | €3,327 | €123,491 | +€120,163 | +3611.4% |
| Remuneration, social security and pensions | 62 | €519 | - | -€519 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,406 | €5,608 | -€1,798 | -24.3% |
| Other operating charges | 640/8 | €2,630 | €93 | -€2,537 | -96.5% |
| Gross operating margin | 9900 | €148,995 | €204,990 | +€55,994 | +37.6% |
| Operating profit (loss) | 9901 | €138,441 | €199,289 | +€60,849 | +44.0% |
| Financial income | 75/76B | €23,425 | €20,090 | -€3,335 | -14.2% |
| Recurring financial income | 75 | €23,425 | €20,090 | -€3,335 | -14.2% |
| Financial charges | 65/66B | €2,790 | €16,645 | +€13,856 | +496.7% |
| Recurring financial charges | 65 | €2,790 | €16,645 | +€13,856 | +496.7% |
| Profit (loss) for the period before taxes | 9903 | €159,076 | €202,734 | +€43,658 | +27.4% |
| Income taxes | 67/77 | €52,523 | €68,018 | +€15,495 | +29.5% |
| Profit (loss) for the period | 9904 | €106,553 | €134,715 | +€28,162 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €106,553 | €134,715 | +€28,162 | +26.4% |
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 11 October 2026 via checked.be.