Innovation & Diffusion: 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.
Innovation & Diffusion
Largest movements
- Tangible fixed assets -€37,342
down €37,342 (-3.7%), from €1.0m to €971,336
of which Land and buildings: -€28,571
- Cash -€31,235
down €31,235 (-55.9%), from €55,901 to €24,666
mainly Trade debts (-€38,308) and Other debts (-€29,900)
- Stocks and contracts -€21,334
down €21,334 (-8.4%), from €252,722 to €231,388
- Trade debts -€38,308
down €38,308 (-58.3%), from €65,729 to €27,421
- Other debts -€29,900
down €29,900 (-86.2%), from €34,700 to €4,800
- Debts after one year -€25,754
down €25,754 (-3.7%), from €691,853 to €666,099
- Tax, wage and social debts -€19,148
down €19,148 (-47.2%), from €40,569 to €21,420
of which Taxes: -€20,670
- Profit (loss) carried forward +€16,011
up €16,011 (+15.4%), from €103,776 to €119,787
- Gross operating margin -€66,204
down €66,204 (-29.3%), from €226,199 to €159,995
- Depreciation -€34,270
down €34,270 (-36.5%), from €93,948 to €59,678
- Other operating charges -€6,832
down €6,832 (-53.2%), from €12,853 to €6,020
- Financial charges +€6,029
up €6,029 (+21.9%), from €27,575 to €33,604
- Write-downs -€2,971
down €2,971 (-100.0%), from €2,971 to €0
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 | €1,413,145 | €1,315,156 | -€97,989 | -6.9% |
| Formation expenses | 20 | €897 | €668 | -€229 | -25.5% |
| Fixed assets | 21/28 | €1,008,678 | €971,336 | -€37,342 | -3.7% |
| Tangible fixed assets | 22/27 | €1,008,678 | €971,336 | -€37,342 | -3.7% |
| Land and buildings | 22 | €915,030 | €886,459 | -€28,571 | -3.1% |
| Furniture and vehicles | 24 | €89,178 | €80,001 | -€9,177 | -10.3% |
| Other tangible fixed assets | 26 | €4,470 | €4,876 | +€405 | +9.1% |
| Current assets | 29/58 | €403,570 | €343,152 | -€60,418 | -15.0% |
| Stocks and contracts in progress | 3 | €252,722 | €231,388 | -€21,334 | -8.4% |
| Stocks | 30/36 | €252,722 | €231,388 | -€21,334 | -8.4% |
| Amounts receivable within one year | 40/41 | €94,570 | €83,236 | -€11,334 | -12.0% |
| Trade receivables | 40 | €93,170 | €52,826 | -€40,344 | -43.3% |
| Other amounts receivable | 41 | €1,400 | €30,410 | +€29,010 | +2072.1% |
| Cash at bank and in hand | 54/58 | €55,901 | €24,666 | -€31,235 | -55.9% |
| Deferred charges and accrued income | 490/1 | €377 | €3,862 | +€3,485 | +924.8% |
| Total equity and liabilities | 10/49 | €1,413,145 | €1,315,156 | -€97,989 | -6.9% |
| Equity | 10/15 | €502,843 | €518,853 | +€16,011 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €314,857 | €314,857 | = | 0.0% |
| Reserves | 13 | €65,610 | €65,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,776 | €119,787 | +€16,011 | +15.4% |
| Amounts payable | 17/49 | €910,302 | €796,303 | -€113,999 | -12.5% |
| Amounts payable after more than one year | 17 | €691,853 | €666,099 | -€25,754 | -3.7% |
| Financial debts | 170/4 | €691,853 | €666,099 | -€25,754 | -3.7% |
| Amounts payable within one year | 42/48 | €217,482 | €130,204 | -€87,278 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €69,843 | €71,562 | +€1,719 | +2.5% |
| Financial debts | 43 | €6,641 | €5,000 | -€1,641 | -24.7% |
| Other loans | 439 | €6,641 | €5,000 | -€1,641 | -24.7% |
| Trade debts | 44 | €65,729 | €27,421 | -€38,308 | -58.3% |
| Suppliers | 440/4 | €65,729 | €27,421 | -€38,308 | -58.3% |
| Taxes, remuneration and social security | 45 | €40,569 | €21,420 | -€19,148 | -47.2% |
| Taxes | 450/3 | €40,569 | €19,899 | -€20,670 | -51.0% |
| Remuneration and social security | 454/9 | - | €1,522 | +€1,522 | |
| Other amounts payable | 47/48 | €34,700 | €4,800 | -€29,900 | -86.2% |
| Accrued charges and deferred income | 492/3 | €968 | €0 | -€968 | -100.0% |
| Remuneration, social security and pensions | 62 | €31,135 | €33,425 | +€2,290 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,948 | €59,678 | -€34,270 | -36.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,971 | €0 | -€2,971 | -100.0% |
| Other operating charges | 640/8 | €12,853 | €6,020 | -€6,832 | -53.2% |
| Non-recurring operating charges | 66A | - | €4,113 | +€4,113 | |
| Gross operating margin | 9900 | €226,199 | €159,995 | -€66,204 | -29.3% |
| Operating profit (loss) | 9901 | €85,292 | €56,758 | -€28,534 | -33.5% |
| Financial income | 75/76B | - | €2,508 | +€2,508 | |
| Recurring financial income | 75 | - | €2,508 | +€2,508 | |
| Financial charges | 65/66B | €27,575 | €33,604 | +€6,029 | +21.9% |
| Recurring financial charges | 65 | €27,575 | €33,604 | +€6,029 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €57,716 | €25,662 | -€32,055 | -55.5% |
| Income taxes | 67/77 | €8,298 | €9,651 | +€1,353 | +16.3% |
| Profit (loss) for the period | 9904 | €49,419 | €16,011 | -€33,408 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,419 | €16,011 | -€33,408 | -67.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.