I.N.N.: 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.
I.N.N.
Largest movements
- Receivables within one year +€36,109
up €36,109 (+29.3%), from €123,204 to €159,313
of which Other amounts receivable: +€36,727
- Cash +€19,480
up €19,480 (+23.2%), from €84,099 to €103,579
mainly Net result for the year (+€42,867) and Trade debts (+€9,353)
- Profit (loss) carried forward +€42,867
up €42,867 (+9.0%), from -€478,056 to -€435,189
- Trade debts +€9,353
up €9,353 (+505.6%), from €1,850 to €11,203
- Tax, wage and social debts +€7,021
new in 2025: €7,021
- Debts after one year -€4,385
no longer reported in 2025 (was €4,385)
- Gross operating margin -€8,390
down €8,390 (-16.9%), from €49,538 to €41,147
- Taxes +€7,021
new in 2025: €7,021
- Financial income +€1,656
up €1,656 (+18.8%), from €8,814 to €10,471
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 | €304,471 | €359,445 | +€54,974 | +18.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €96,907 | €96,284 | -€623 | -0.6% |
| Tangible fixed assets | 22/27 | €96,592 | €95,969 | -€623 | -0.6% |
| Land and buildings | 22 | €96,592 | €95,969 | -€623 | -0.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €315 | €315 | = | 0.0% |
| Current assets | 29/58 | €207,564 | €263,161 | +€55,596 | +26.8% |
| Amounts receivable within one year | 40/41 | €123,204 | €159,313 | +€36,109 | +29.3% |
| Trade receivables | 40 | €618 | - | -€618 | |
| Other amounts receivable | 41 | €122,587 | €159,313 | +€36,727 | +30.0% |
| Cash at bank and in hand | 54/58 | €84,099 | €103,579 | +€19,480 | +23.2% |
| Deferred charges and accrued income | 490/1 | €261 | €268 | +€7 | +2.7% |
| Total equity and liabilities | 10/49 | €304,471 | €359,445 | +€54,974 | +18.1% |
| Equity | 10/15 | €290,487 | €333,354 | +€42,867 | +14.8% |
| Contributions | 10/11 | €318,543 | €318,543 | = | 0.0% |
| Capital | 10 | €318,543 | €318,543 | = | 0.0% |
| Issued capital | 100 | €318,543 | €318,543 | = | 0.0% |
| Reserves | 13 | €450,000 | €450,000 | = | 0.0% |
| Distributable reserves | 133 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€478,056 | -€435,189 | +€42,867 | +9.0% |
| Amounts payable | 17/49 | €13,984 | €26,091 | +€12,107 | +86.6% |
| Amounts payable after more than one year | 17 | €4,385 | - | -€4,385 | |
| Financial debts | 170/4 | €4,385 | - | -€4,385 | |
| Amounts payable within one year | 42/48 | €9,349 | €25,962 | +€16,613 | +177.7% |
| Current portion of amounts payable after more than one year | 42 | €4,146 | €4,385 | +€240 | +5.8% |
| Trade debts | 44 | €1,850 | €11,203 | +€9,353 | +505.6% |
| Suppliers | 440/4 | €1,850 | €11,203 | +€9,353 | +505.6% |
| Taxes, remuneration and social security | 45 | - | €7,021 | +€7,021 | |
| Taxes | 450/3 | - | €7,021 | +€7,021 | |
| Other amounts payable | 47/48 | €3,353 | €3,353 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €250 | €129 | -€121 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €623 | €623 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €49,538 | €41,147 | -€8,390 | -16.9% |
| Operating profit (loss) | 9901 | €48,528 | €40,125 | -€8,403 | -17.3% |
| Financial income | 75/76B | €8,814 | €10,471 | +€1,656 | +18.8% |
| Recurring financial income | 75 | €8,814 | €10,471 | +€1,656 | +18.8% |
| Financial charges | 65/66B | €983 | €708 | -€275 | -28.0% |
| Recurring financial charges | 65 | €983 | €708 | -€275 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €56,359 | €49,888 | -€6,472 | -11.5% |
| Income taxes | 67/77 | - | €7,021 | +€7,021 | |
| Profit (loss) for the period | 9904 | €56,359 | €42,867 | -€13,493 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,359 | €42,867 | -€13,493 | -23.9% |
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 8 October 2026 via checked.be.