I-NOX: 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-NOX
Largest movements
- Tangible fixed assets -€20,542
down €20,542 (-6.1%), from €334,949 to €314,408
- Cash +€13,637
up €13,637 (+49.6%), from €27,511 to €41,148
mainly Net result for the year (+€60,303) and Depreciation (+€20,542)
- Receivables within one year -€13,146
down €13,146 (-100.0%), from €13,147 to €1
of which Trade receivables: -€8,000
- Debts after one year -€47,995
down €47,995 (-20.1%), from €238,994 to €190,999
- Reserves +€45,793
up €45,793 (+14.6%), from €312,803 to €358,596
of which Distributable reserves: +€53,558
- Other debts -€18,471
down €18,471 (-27.1%), from €68,087 to €49,617
- Gross operating margin +€47,105
up €47,105 (+66.6%), from €70,711 to €117,816
- Taxes +€12,056
up €12,056 (+87.5%), from €13,780 to €25,837
- Other operating charges +€4,650
up €4,650 (+906%), from €513 to €5,164
- Financial charges -€2,372
down €2,372 (-23.1%), from €10,284 to €7,912
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 | €736,879 | €715,557 | -€21,322 | -2.9% |
| Fixed assets | 21/28 | €694,949 | €674,408 | -€20,542 | -3.0% |
| Tangible fixed assets | 22/27 | €334,949 | €314,408 | -€20,542 | -6.1% |
| Land and buildings | 22 | €334,949 | €314,408 | -€20,542 | -6.1% |
| Financial fixed assets | 28 | €360,000 | €360,000 | = | 0.0% |
| Current assets | 29/58 | €41,930 | €41,149 | -€781 | -1.9% |
| Amounts receivable within one year | 40/41 | €13,147 | €1 | -€13,146 | -100.0% |
| Trade receivables | 40 | €8,000 | €0 | -€8,000 | -100% |
| Other amounts receivable | 41 | €5,147 | €1 | -€5,146 | -100.0% |
| Cash at bank and in hand | 54/58 | €27,511 | €41,148 | +€13,637 | +49.6% |
| Deferred charges and accrued income | 490/1 | €1,272 | €0 | -€1,272 | -100% |
| Total equity and liabilities | 10/49 | €736,879 | €715,557 | -€21,322 | -2.9% |
| Equity | 10/15 | €319,746 | €365,539 | +€45,793 | +14.3% |
| Contributions | 10/11 | €6,943 | €6,943 | = | 0.0% |
| Reserves | 13 | €312,803 | €358,596 | +€45,793 | +14.6% |
| Tax-exempt reserves | 132 | €139,121 | €131,355 | -€7,766 | -5.6% |
| Distributable reserves | 133 | €173,683 | €227,241 | +€53,558 | +30.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €34,780 | €32,839 | -€1,941 | -5.6% |
| Deferred taxes | 168 | €34,780 | €32,839 | -€1,941 | -5.6% |
| Amounts payable | 17/49 | €382,353 | €317,179 | -€65,174 | -17.0% |
| Amounts payable after more than one year | 17 | €238,994 | €190,999 | -€47,995 | -20.1% |
| Financial debts | 170/4 | €238,994 | €190,999 | -€47,995 | -20.1% |
| Amounts payable within one year | 42/48 | €141,064 | €124,485 | -€16,578 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €46,858 | €47,995 | +€1,137 | +2.4% |
| Financial debts | 43 | €2,568 | €0 | -€2,568 | -100% |
| Credit institutions | 430/8 | €2,568 | €0 | -€2,568 | -100% |
| Trade debts | 44 | €19,037 | €19,611 | +€574 | +3.0% |
| Suppliers | 440/4 | €19,037 | €19,611 | +€574 | +3.0% |
| Taxes, remuneration and social security | 45 | €4,513 | €7,263 | +€2,749 | +60.9% |
| Taxes | 450/3 | €4,513 | €7,263 | +€2,749 | +60.9% |
| Other amounts payable | 47/48 | €68,087 | €49,617 | -€18,471 | -27.1% |
| Accrued charges and deferred income | 492/3 | €2,295 | €1,695 | -€600 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,542 | €20,542 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €5,164 | +€4,650 | +906% |
| Gross operating margin | 9900 | €70,711 | €117,816 | +€47,105 | +66.6% |
| Operating profit (loss) | 9901 | €49,656 | €92,111 | +€42,454 | +85.5% |
| Financial charges | 65/66B | €10,284 | €7,912 | -€2,372 | -23.1% |
| Recurring financial charges | 65 | €10,284 | €7,912 | -€2,372 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €39,372 | €84,199 | +€44,827 | +114% |
| Transfer from deferred taxes | 780 | €1,941 | €1,941 | = | 0.0% |
| Income taxes | 67/77 | €13,780 | €25,837 | +€12,056 | +87.5% |
| Profit (loss) for the period | 9904 | €27,533 | €60,303 | +€32,770 | +119% |
| Transfer from tax-exempt reserves | 789 | €7,766 | €7,766 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,299 | €68,069 | +€32,770 | +92.8% |
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 30 October 2026 via checked.be.