INNERFROG
InactiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-06-2026 PDF all 9 filings
Turnover
≈ €72,000
Estimated: probably between €33,000 and €170,000
Total assets
€58,416▼ 40.6%
2024 · €98,287
Net result
-€27,401
2024 · €6,927
Working capital
€20,132▼ 57.1%
2024 · €46,966
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€26,222
2025
20182025
Net result
-€27,401
2025
20182025
Equity
€25,316
▼ 52.7%
2025
20182025
Total assets
€58,416
▼ 40.6%
2025
20182025
Debt
€33,100
▼ 26.0%
2025
20182025
Working capital
€20,132
▼ 57.1%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€12,513-€18,232▲ 45.7%€3,088▼ 83.1%€10,809▲ 250%-€3,065-€5,939▼ 93.8%€10,633-€26,222
Net result€9,394-€12,805▲ 36.3%€1,455▼ 88.6%€7,254▲ 399%-€4,831-€7,221▼ 49.5%€6,927-€27,401
Equity€45,665-€55,470▲ 21.5%€56,925▲ 2.6%€66,779▲ 17.3%€55,477▼ 16.9%€47,456▼ 14.5%€53,550▲ 12.8%€25,316▼ 52.7%
Total assets€74,998-€112,434▲ 49.9%€154,419▲ 37.3%€147,455▼ 4.5%€126,774▼ 14.0%€96,775▼ 23.7%€98,287▲ 1.6%€58,416▼ 40.6%
Debt€29,333-€56,963▲ 94.2%€97,493▲ 71.2%€80,675▼ 17.3%€71,297▼ 11.6%€49,319▼ 30.8%€44,737▼ 9.3%€33,100▼ 26.0%
Working capital€43,074-€53,250▲ 23.6%€55,066▲ 3.4%€60,709▲ 10.2%€50,371▼ 17.0%€41,456▼ 17.7%€46,966▲ 13.3%€20,132▼ 57.1%
The operating result for 2025 is a loss of €26,222, after a profit of €10,633 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,416
Fixed assets
€18,872 ▼ 22.7%
Current assets
€39,544 ▼ 46.5%
Equity and liabilities €58,416
Equity
€25,316 ▼ 52.7%
Debt
€33,100 ▼ 26.0%
Debt's share of the balance-sheet total rises from 45.5% to 56.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€20,667▼
2024 · €15,892
Cash flow
-€21,846▼
2024 · €12,186
Current ratio
2.04▼
2024 · 2.75
Debt to equity
1.31▲
2024 · 0.84
ROE
-108.2%▼
2024 · 12.9%
ROA
-46.9%▼
2024 · 7.0%
Interest coverage
-19.88▼
2024 · 12.90
Debt ≤ 1 year
€19,412▼
2024 · €26,893
Debt > 1 year
€13,688▼
2024 · €17,805
Income taxes
€148▼
2024 · €2,475
Staff costs
€28,670▼
2024 · €31,742
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,633 | €1,009 | €1,321 | €1,821 | - |
| Intangible fixed assets | - | - | €1,750 | - | - |
| Depreciation and write-downs of the year | €9,887 | €10,200 | €10,428 | €5,259 | €5,555 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €26,222 | €28,319 | €31,132 | €31,742 | €28,670 | ▼ 9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €377 | €4,905 | €7,315 | €9,887 | €10,200 | €10,428 | €5,259 | €5,555 | ▲ 5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €2,839 | - | - | - |
| Other operating charges640/8 | - | - | - | €814 | €596 | €1,088 | €852 | €1,474 | ▲ 73.1% |
| Gross operating margin9900 | €13,083 | €30,303 | €41,219 | €47,732 | €36,050 | €39,548 | €48,486 | €9,478 | ▼ 80.5% |
| Operating profit (loss)9901 | €12,513 | €18,232 | €3,088 | €10,809 | -€3,065 | -€5,939 | €10,633 | -€26,222 | - |
| Financial income75/76B | - | - | - | - | €31 | €219 | €1 | €8 | ▲ 685% |
| Recurring financial income75 | €305 | - | €25 | - | €31 | €219 | €1 | €8 | ▲ 685% |
| Financial charges65/66B | - | - | - | €1,514 | €1,351 | €1,343 | €1,232 | €1,040 | ▼ 15.6% |
| Recurring financial charges65 | €205 | €375 | €1,657 | €1,514 | €1,351 | €1,343 | €1,232 | €1,040 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €12,613 | €17,858 | €1,455 | €9,295 | -€4,386 | -€7,062 | €9,402 | -€27,253 | - |
| Income taxes67/77 | €3,219 | €5,053 | €0 | €2,041 | €446 | €159 | €2,475 | €148 | ▼ 94.0% |
| Profit (loss) for the period9904 | €9,394 | €12,805 | €1,455 | €7,254 | -€4,831 | -€7,221 | €6,927 | -€27,401 | - |
| Profit (loss) for the period to be appropriated9905 | €9,394 | €12,805 | €1,455 | €7,254 | -€4,831 | -€7,221 | €6,927 | -€27,401 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €74,998 | €112,434 | €154,419 | €147,455 | €126,774 | €96,775 | €98,287 | €58,416 | ▼ 40.6% |
| Fixed assets21/28 | €2,629 | €18,666 | €47,667 | €44,413 | €35,222 | €27,865 | €24,427 | €18,872 | ▼ 22.7% |
| Intangible fixed assets21 | - | - | - | - | - | €1,564 | €980 | €397 | ▼ 59.5% |
| Tangible fixed assets22/27 | €754 | €18,491 | €47,492 | €44,238 | €35,047 | €26,127 | €23,272 | €18,300 | ▼ 21.4% |
| Furniture and vehicles24 | - | - | - | €12,014 | €6,616 | €1,488 | €2,426 | €1,246 | ▼ 48.6% |
| Other tangible fixed assets26 | - | - | - | €32,224 | €28,431 | €24,639 | €20,846 | €17,053 | ▼ 18.2% |
| Financial fixed assets28 | €1,875 | €175 | €175 | €175 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €72,369 | €93,767 | €106,752 | €103,042 | €91,552 | €68,909 | €73,860 | €39,544 | ▼ 46.5% |
| Amounts receivable within one year40/41 | €24,277 | €55,843 | €43,200 | €56,273 | €40,152 | €27,871 | €34,044 | €29,468 | ▼ 13.4% |
| Trade receivables40 | - | - | - | €43,314 | €27,520 | €27,530 | €32,678 | €21,091 | ▼ 35.5% |
| Other amounts receivable41 | - | - | - | €12,959 | €12,632 | €341 | €1,366 | €8,377 | ▲ 513% |
| Cash at bank and in hand54/58 | €46,086 | €37,781 | €63,166 | €45,859 | €50,800 | €39,748 | €38,539 | €9,713 | ▼ 74.8% |
| Deferred charges and accrued income490/1 | - | - | - | €910 | €600 | €1,290 | €1,277 | €363 | ▼ 71.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €74,998 | €112,434 | €154,419 | €147,455 | €126,774 | €96,775 | €98,287 | €58,416 | ▼ 40.6% |
| Equity10/15 | €45,665 | €55,470 | €56,925 | €66,779 | €55,477 | €47,456 | €53,550 | €25,316 | ▼ 52.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €31,405 | €41,210 | €42,665 | €46,319 | €35,017 | €26,996 | €33,090 | €4,856 | ▼ 85.3% |
| Amounts payable17/49 | €29,333 | €56,963 | €97,493 | €80,675 | €71,297 | €49,319 | €44,737 | €33,100 | ▼ 26.0% |
| Amounts payable after more than one year17 | - | €16,446 | €45,772 | €37,940 | €29,960 | €21,827 | €17,805 | €13,688 | ▼ 23.1% |
| Financial debts170/4 | - | - | - | €37,940 | €29,960 | €21,827 | €17,805 | €13,688 | ▼ 23.1% |
| Amounts payable within one year42/48 | €29,296 | €40,517 | €51,685 | €42,333 | €41,181 | €27,453 | €26,893 | €19,412 | ▼ 27.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,831 | €7,981 | €8,133 | €4,022 | €4,117 | ▲ 2.4% |
| Trade debts44 | €8,521 | €8,485 | €14,844 | €15,987 | €8,488 | €3,273 | €6,066 | €1,290 | ▼ 78.7% |
| Suppliers440/4 | - | - | - | €15,987 | €8,488 | €3,273 | €6,066 | €1,290 | ▼ 78.7% |
| Taxes, remuneration and social security45 | - | - | - | €13,305 | €15,989 | €11,631 | €12,528 | €8,932 | ▼ 28.7% |
| Taxes450/3 | - | - | - | €9,668 | €8,058 | €5,580 | €5,544 | €3,211 | ▼ 42.1% |
| Remuneration and social security454/9 | - | - | - | €3,637 | €7,930 | €6,050 | €6,984 | €5,722 | ▼ 18.1% |
| Other amounts payable47/48 | - | - | - | €5,210 | €8,724 | €4,417 | €4,278 | €5,073 | ▲ 18.6% |
| Accrued charges and deferred income492/3 | - | - | - | €402 | €157 | €38 | €39 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,394 | €12,805 | €1,455 | €7,254 | -€4,831 | -€7,221 | €6,927 | -€27,401 | - |
| + Depreciation and write-downs630 | €377 | €4,905 | €7,315 | €9,887 | €10,200 | €10,428 | €5,259 | €5,555 | ▲ 5.6% |
| Operating cash flow (approximation) | €9,771 | €17,711 | €8,770 | €17,141 | €5,369 | €3,207 | €12,186 | -€21,846 | - |
| Investment in fixed assets (approximation) | - | -€20,943 | -€36,316 | -€6,633 | -€1,009 | -€3,071 | -€1,821 | €0 | - |
| Change in cash | - | -€8,305 | €25,385 | -€17,308 | €4,941 | -€11,052 | -€1,209 | -€28,826 | ▼ 2,285% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00128764 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00358577 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00326550 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00300867 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20373663 | |
| 31-12-2020 | micro format | 31-07-2021 | 2021-46800195 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-69300527 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42900269 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-40800423 |