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.
InnoReact
Largest movements
- Cash +€54,157
up €54,157 (+59.1%), from €91,569 to €145,726
mainly Receivables within one year (+€39,635) and Net result for the year (+€26,753)
- Receivables within one year -€39,635
down €39,635 (-70.2%), from €56,499 to €16,864
of which Trade receivables: -€53,076
- Tangible fixed assets -€6,903
down €6,903 (-7.0%), from €97,983 to €91,080
of which Plant, machinery and equipment: -€4,134
- Reserves +€26,753
up €26,753 (+12.1%), from €221,254 to €248,007
- Tax, wage and social debts -€10,492
down €10,492 (-100.0%), from €10,492 to €0
- Accrued charges and deferred income -€6,549
no longer reported in 2024 (was €6,549)
- Gross operating margin -€104,770
down €104,770 (-70.6%), from €148,439 to €43,669
- Taxes -€24,266
down €24,266 (-76.2%), from €31,854 to €7,587
- Depreciation +€2,626
up €2,626 (+61.4%), from €4,278 to €6,903
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,052 | €254,007 | +€7,955 | +3.2% |
| Fixed assets | 21/28 | €97,983 | €91,080 | -€6,903 | -7.0% |
| Tangible fixed assets | 22/27 | €97,983 | €91,080 | -€6,903 | -7.0% |
| Land and buildings | 22 | €89,300 | €86,531 | -€2,769 | -3.1% |
| Plant, machinery and equipment | 23 | €8,683 | €4,549 | -€4,134 | -47.6% |
| Current assets | 29/58 | €148,068 | €162,927 | +€14,858 | +10.0% |
| Amounts receivable within one year | 40/41 | €56,499 | €16,864 | -€39,635 | -70.2% |
| Trade receivables | 40 | €56,499 | €3,423 | -€53,076 | -93.9% |
| Other amounts receivable | 41 | - | €13,441 | +€13,441 | |
| Cash at bank and in hand | 54/58 | €91,569 | €145,726 | +€54,157 | +59.1% |
| Deferred charges and accrued income | 490/1 | - | €337 | +€337 | |
| Total equity and liabilities | 10/49 | €246,052 | €254,007 | +€7,955 | +3.2% |
| Equity | 10/15 | €227,254 | €254,007 | +€26,753 | +11.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €221,254 | €248,007 | +€26,753 | +12.1% |
| Distributable reserves | 133 | €221,254 | €248,007 | +€26,753 | +12.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €18,798 | €0 | -€18,798 | -100.0% |
| Amounts payable within one year | 42/48 | €12,249 | €0 | -€12,249 | -100.0% |
| Trade debts | 44 | €1,757 | €0 | -€1,757 | -100.0% |
| Suppliers | 440/4 | €1,757 | €0 | -€1,757 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,492 | €0 | -€10,492 | -100.0% |
| Taxes | 450/3 | €10,492 | €0 | -€10,492 | -100.0% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €6,549 | - | -€6,549 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,278 | €6,903 | +€2,626 | +61.4% |
| Other operating charges | 640/8 | €2,149 | €1,942 | -€207 | -9.6% |
| Gross operating margin | 9900 | €148,439 | €43,669 | -€104,770 | -70.6% |
| Operating profit (loss) | 9901 | €142,012 | €34,823 | -€107,189 | -75.5% |
| Financial charges | 65/66B | €69 | €483 | +€414 | +596.1% |
| Recurring financial charges | 65 | €69 | €483 | +€414 | +596.1% |
| Profit (loss) for the period before taxes | 9903 | €141,943 | €34,340 | -€107,603 | -75.8% |
| Income taxes | 67/77 | €31,854 | €7,587 | -€24,266 | -76.2% |
| Profit (loss) for the period | 9904 | €110,089 | €26,753 | -€83,336 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €110,089 | €26,753 | -€83,336 | -75.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.