M10xInnovation: 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.
M10xInnovation
Largest movements
- Cash +€28,061
up €28,061 (+25.6%), from €109,724 to €137,785
mainly Other debts (+€38,661) and Net result for the year (+€20,273)
- Tangible fixed assets -€7,027
down €7,027 (-41.8%), from €16,804 to €9,776
- Other debts +€38,661
up €38,661 (+10,595%), from €365 to €39,026
- Reserves -€16,864
down €16,864 (-24.2%), from €69,712 to €52,849
- Gross operating margin +€7,686
up €7,686 (+23.9%), from €32,192 to €39,878
- Depreciation +€1,175
up €1,175 (+11.7%), from €10,074 to €11,249
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 | €128,276 | €149,387 | +€21,111 | +16.5% |
| Fixed assets | 21/28 | €16,804 | €9,776 | -€7,027 | -41.8% |
| Tangible fixed assets | 22/27 | €16,804 | €9,776 | -€7,027 | -41.8% |
| Furniture and vehicles | 24 | €16,804 | €9,776 | -€7,027 | -41.8% |
| Current assets | 29/58 | €111,472 | €139,610 | +€28,138 | +25.2% |
| Cash at bank and in hand | 54/58 | €109,724 | €137,785 | +€28,061 | +25.6% |
| Deferred charges and accrued income | 490/1 | €1,748 | €1,825 | +€77 | +4.4% |
| Total equity and liabilities | 10/49 | €128,276 | €149,387 | +€21,111 | +16.5% |
| Equity | 10/15 | €121,005 | €102,849 | -€18,157 | -15.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €69,712 | €52,849 | -€16,864 | -24.2% |
| Distributable reserves | 133 | €69,712 | €52,849 | -€16,864 | -24.2% |
| Profit (loss) carried forward | 14 | €1,293 | - | -€1,293 | |
| Amounts payable | 17/49 | €7,270 | €46,538 | +€39,267 | +540% |
| Amounts payable within one year | 42/48 | €7,270 | €46,538 | +€39,267 | +540% |
| Trade debts | 44 | €197 | €245 | +€48 | +24.4% |
| Suppliers | 440/4 | €197 | €245 | +€48 | +24.4% |
| Taxes, remuneration and social security | 45 | €6,709 | €7,267 | +€558 | +8.3% |
| Taxes | 450/3 | €6,709 | €7,267 | +€558 | +8.3% |
| Other amounts payable | 47/48 | €365 | €39,026 | +€38,661 | +10,595% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,074 | €11,249 | +€1,175 | +11.7% |
| Gross operating margin | 9900 | €32,192 | €39,878 | +€7,686 | +23.9% |
| Operating profit (loss) | 9901 | €22,118 | €28,629 | +€6,511 | +29.4% |
| Financial charges | 65/66B | €121 | €132 | +€11 | +8.9% |
| Recurring financial charges | 65 | €121 | €132 | +€11 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €21,996 | €28,497 | +€6,501 | +29.6% |
| Income taxes | 67/77 | €8,239 | €8,224 | -€15 | -0.2% |
| Profit (loss) for the period | 9904 | €13,758 | €20,273 | +€6,516 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,758 | €20,273 | +€6,516 | +47.4% |
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 27 October 2026 via checked.be.