N-INNOVATIVE: 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.
N-INNOVATIVE
Largest movements
- Receivables within one year +€8,997
up €8,997 (+66.8%), from €13,471 to €22,468
of which Other amounts receivable: +€6,481
- Tangible fixed assets +€6,165
up €6,165 (+176%), from €3,510 to €9,674
of which Plant, machinery and equipment: +€5,377
- Cash +€5,672
up €5,672 (+11.6%), from €48,753 to €54,425
mainly Other debts (+€68,417) and Net result for the year (+€64,930)
- Deferred charges and accrued income -€1,441
down €1,441 (-31.2%), from €4,623 to €3,181
- Other debts +€68,417
up €68,417 (+4,539%), from €1,507 to €69,924
- Reserves -€52,995
no longer reported in 2025 (was €52,995)
- Tax, wage and social debts +€3,515
up €3,515 (+26.5%), from €13,267 to €16,782
- Gross operating margin +€16,272
up €16,272 (+22.7%), from €71,673 to €87,945
- Taxes +€3,192
up €3,192 (+20.8%), from €15,312 to €18,504
- Depreciation +€888
up €888 (+110%), from €810 to €1,698
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 | €70,356 | €89,750 | +€19,393 | +27.6% |
| Fixed assets | 21/28 | €3,510 | €9,674 | +€6,165 | +176% |
| Tangible fixed assets | 22/27 | €3,510 | €9,674 | +€6,165 | +176% |
| Plant, machinery and equipment | 23 | €3,510 | €8,887 | +€5,377 | +153% |
| Furniture and vehicles | 24 | - | €788 | +€788 | |
| Current assets | 29/58 | €66,846 | €80,075 | +€13,229 | +19.8% |
| Amounts receivable within one year | 40/41 | €13,471 | €22,468 | +€8,997 | +66.8% |
| Trade receivables | 40 | €13,467 | €15,984 | +€2,516 | +18.7% |
| Other amounts receivable | 41 | €4 | €6,485 | +€6,481 | +171,004% |
| Cash at bank and in hand | 54/58 | €48,753 | €54,425 | +€5,672 | +11.6% |
| Deferred charges and accrued income | 490/1 | €4,623 | €3,181 | -€1,441 | -31.2% |
| Total equity and liabilities | 10/49 | €70,356 | €89,750 | +€19,393 | +27.6% |
| Equity | 10/15 | €55,495 | €2,500 | -€52,995 | -95.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €52,995 | - | -€52,995 | |
| Distributable reserves | 133 | €52,995 | - | -€52,995 | |
| Amounts payable | 17/49 | €14,862 | €87,250 | +€72,388 | +487% |
| Amounts payable within one year | 42/48 | €14,862 | €87,250 | +€72,388 | +487% |
| Trade debts | 44 | €87 | €543 | +€456 | +525% |
| Suppliers | 440/4 | €87 | €543 | +€456 | +525% |
| Taxes, remuneration and social security | 45 | €13,267 | €16,782 | +€3,515 | +26.5% |
| Taxes | 450/3 | €13,267 | €16,782 | +€3,515 | +26.5% |
| Other amounts payable | 47/48 | €1,507 | €69,924 | +€68,417 | +4,539% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €810 | €1,698 | +€888 | +110% |
| Other operating charges | 640/8 | €1,379 | €1,544 | +€165 | +12.0% |
| Non-recurring operating charges | 66A | - | €328 | +€328 | |
| Gross operating margin | 9900 | €71,673 | €87,945 | +€16,272 | +22.7% |
| Operating profit (loss) | 9901 | €69,484 | €84,375 | +€14,891 | +21.4% |
| Financial income | 75/76B | €0 | €79 | +€79 | +79,360% |
| Recurring financial income | 75 | €0 | €79 | +€79 | +79,360% |
| Financial charges | 65/66B | €1,177 | €1,020 | -€156 | -13.3% |
| Recurring financial charges | 65 | €1,177 | €1,020 | -€156 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €68,307 | €83,434 | +€15,127 | +22.1% |
| Income taxes | 67/77 | €15,312 | €18,504 | +€3,192 | +20.8% |
| Profit (loss) for the period | 9904 | €52,995 | €64,930 | +€11,935 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,995 | €64,930 | +€11,935 | +22.5% |
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 14 October 2026 via checked.be.