I.NEO: what changed
Two financial 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.NEO
Largest movements
- Receivables within one year -€22,087
down €22,087 (-55.1%), from €40,069 to €17,982
of which Trade receivables: -€28,587
- Cash -€10,748
down €10,748 (-59.5%), from €18,050 to €7,302
mainly Other debts (-€20,796) and Net result for the year (-€15,160)
- Tangible fixed assets -€1,443
down €1,443 (-11.9%), from €12,153 to €10,710
of which Furniture and vehicles: -€906
- Deferred charges and accrued income -€782
down €782 (-30.3%), from €2,581 to €1,799
- Other debts -€20,796
down €20,796 (-32.4%), from €64,089 to €43,294
- Profit (loss) carried forward -€15,160
down €15,160 (-17.3%), from -€87,697 to -€102,856
- Tax, wage and social debts +€1,793
up €1,793 (+122%), from €1,475 to €3,268
- Trade debts -€898
down €898 (-20.4%), from €4,410 to €3,513
- Gross operating margin +€30,220
up €30,220 (+74.3%), from -€40,650 to -€10,430
- Financial charges -€692
down €692 (-26.1%), from €2,652 to €1,960
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.
Derived cash bridge
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 | €77,852 | €42,793 | -€35,060 | -45.0% |
| Fixed assets | 21/28 | €17,153 | €15,710 | -€1,443 | -8.4% |
| Tangible fixed assets | 22/27 | €12,153 | €10,710 | -€1,443 | -11.9% |
| Furniture and vehicles | 24 | €7,232 | €6,326 | -€906 | -12.5% |
| Other tangible fixed assets | 26 | €4,921 | €4,384 | -€537 | -10.9% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €60,699 | €27,083 | -€33,617 | -55.4% |
| Amounts receivable within one year | 40/41 | €40,069 | €17,982 | -€22,087 | -55.1% |
| Trade receivables | 40 | €40,069 | €11,482 | -€28,587 | -71.3% |
| Other amounts receivable | 41 | €0 | €6,500 | +€6,500 | |
| Cash at bank and in hand | 54/58 | €18,050 | €7,302 | -€10,748 | -59.5% |
| Deferred charges and accrued income | 490/1 | €2,581 | €1,799 | -€782 | -30.3% |
| Total equity and liabilities | 10/49 | €77,852 | €42,793 | -€35,060 | -45.0% |
| Equity | 10/15 | €7,877 | -€7,282 | -€15,160 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,974 | €76,974 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €76,974 | €76,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,697 | -€102,856 | -€15,160 | -17.3% |
| Amounts payable | 17/49 | €69,975 | €50,075 | -€19,900 | -28.4% |
| Amounts payable within one year | 42/48 | €69,975 | €50,075 | -€19,900 | -28.4% |
| Trade debts | 44 | €4,410 | €3,513 | -€898 | -20.4% |
| Suppliers | 440/4 | €4,410 | €3,513 | -€898 | -20.4% |
| Taxes, remuneration and social security | 45 | €1,475 | €3,268 | +€1,793 | +122% |
| Taxes | 450/3 | €1,475 | €3,268 | +€1,793 | +122% |
| Other amounts payable | 47/48 | €64,089 | €43,294 | -€20,796 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,358 | €1,443 | +€85 | +6.3% |
| Other operating charges | 640/8 | €1,176 | €979 | -€197 | -16.7% |
| Non-recurring operating charges | 66A | €387 | €0 | -€387 | -100% |
| Gross operating margin | 9900 | -€40,650 | -€10,430 | +€30,220 | +74.3% |
| Operating profit (loss) | 9901 | -€43,571 | -€12,852 | +€30,719 | +70.5% |
| Financial income | 75/76B | €42 | €22 | -€20 | -48.1% |
| Recurring financial income | 75 | €42 | €22 | -€20 | -48.1% |
| Financial charges | 65/66B | €2,652 | €1,960 | -€692 | -26.1% |
| Recurring financial charges | 65 | €2,652 | €1,960 | -€692 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,181 | -€14,791 | +€31,391 | +68.0% |
| Income taxes | 67/77 | €404 | €369 | -€35 | -8.6% |
| Profit (loss) for the period | 9904 | -€46,585 | -€15,160 | +€31,426 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,585 | -€15,160 | +€31,426 | +67.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.