I.N.O.A.: what changed
I.N.O.A.
Largest movements
- Cash +€5,418
up €5,418 (+263%), from €2,058 to €7,476
mainly Net result for the year (+€5,702) and Depreciation (+€1,109)
- Tangible fixed assets -€1,108
down €1,108 (-54.6%), from €2,029 to €921
of which Furniture and vehicles: -€733
- Deferred charges and accrued income +€233
up €233 (+73.1%), from €319 to €553
- Profit (loss) carried forward +€4,123
up €4,123, from -€4,123 to €0
- Reserves +€1,579
new in 2025: €1,579
- Other debts -€1,058
down €1,058 (-32.7%), from €3,235 to €2,177
- Trade debts -€195
down €195 (-83.6%), from €233 to €38
- Tax, wage and social debts +€94
up €94 (+151%), from €62 to €156
- Gross operating margin +€9,562
up €9,562 (+1,749%), from €547 to €10,109
- Taxes +€844
up €844 (+1,362%), from €62 to €906
- Other operating charges -€711
down €711 (-91.5%), from €776 to €66
- Financial charges -€234
down €234 (-9.1%), from €2,560 to €2,326
- Depreciation -€163
down €163 (-12.8%), from €1,271 to €1,109
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,408 | €8,950 | +€4,543 | +103% |
| Fixed assets | 21/28 | €2,030 | €921 | -€1,109 | -54.6% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -30.0% |
| Tangible fixed assets | 22/27 | €2,029 | €921 | -€1,108 | -54.6% |
| Plant, machinery and equipment | 23 | €1,188 | €813 | -€375 | -31.6% |
| Furniture and vehicles | 24 | €842 | €108 | -€733 | -87.1% |
| Current assets | 29/58 | €2,378 | €8,029 | +€5,651 | +238% |
| Cash at bank and in hand | 54/58 | €2,058 | €7,476 | +€5,418 | +263% |
| Deferred charges and accrued income | 490/1 | €319 | €553 | +€233 | +73.1% |
| Total equity and liabilities | 10/49 | €4,408 | €8,950 | +€4,543 | +103% |
| Equity | 10/15 | €877 | €6,579 | +€5,702 | +650% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €1,579 | +€1,579 | |
| Distributable reserves | 133 | - | €1,579 | +€1,579 | |
| Profit (loss) carried forward | 14 | -€4,123 | €0 | +€4,123 | |
| Amounts payable | 17/49 | €3,531 | €2,371 | -€1,160 | -32.8% |
| Amounts payable within one year | 42/48 | €3,531 | €2,371 | -€1,160 | -32.8% |
| Trade debts | 44 | €233 | €38 | -€195 | -83.6% |
| Suppliers | 440/4 | €233 | €38 | -€195 | -83.6% |
| Taxes, remuneration and social security | 45 | €62 | €156 | +€94 | +151% |
| Taxes | 450/3 | €62 | €156 | +€94 | +151% |
| Other amounts payable | 47/48 | €3,235 | €2,177 | -€1,058 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,271 | €1,109 | -€163 | -12.8% |
| Other operating charges | 640/8 | €776 | €66 | -€711 | -91.5% |
| Gross operating margin | 9900 | €547 | €10,109 | +€9,562 | +1,749% |
| Operating profit (loss) | 9901 | -€1,501 | €8,934 | +€10,435 | |
| Financial charges | 65/66B | €2,560 | €2,326 | -€234 | -9.1% |
| Recurring financial charges | 65 | €2,560 | €2,326 | -€234 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,061 | €6,608 | +€10,669 | |
| Income taxes | 67/77 | €62 | €906 | +€844 | +1,362% |
| Profit (loss) for the period | 9904 | -€4,123 | €5,702 | +€9,825 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,123 | €5,702 | +€9,825 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.