IN2E: 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.
IN2E
Largest movements
- Cash -€12,256
down €12,256 (-43.8%), from €27,992 to €15,736
mainly Other debts (-€13,602) and Debts after one year (-€12,698)
- Financial fixed assets +€7,729
up €7,729 (+4.2%), from €184,655 to €192,384
- Reserves +€31,172
up €31,172 (+23.4%), from €133,203 to €164,375
of which Distributable reserves: +€31,172
- Other debts -€13,602
down €13,602 (-65.2%), from €20,856 to €7,254
- Debts after one year -€12,698
down €12,698 (-83.1%), from €15,276 to €2,578
- Current portion of long-term debt -€8,310
down €8,310 (-39.6%), from €21,008 to €12,698
- Gross operating margin -€17,998
down €17,998 (-29.4%), from €61,309 to €43,311
- Financial income +€4,829
up €4,829 (+48,285,600%), from €0 to €4,829
- Taxes +€4,568
up €4,568 (+63.5%), from €7,189 to €11,756
- Financial charges -€809
down €809 (-20.5%), from €3,949 to €3,139
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 | €224,436 | €219,688 | -€4,748 | -2.1% |
| Formation expenses | 20 | €198 | €99 | -€99 | -50.0% |
| Fixed assets | 21/28 | €189,217 | €196,493 | +€7,276 | +3.8% |
| Tangible fixed assets | 22/27 | €4,561 | €4,109 | -€453 | -9.9% |
| Plant, machinery and equipment | 23 | €840 | €1,071 | +€231 | +27.5% |
| Furniture and vehicles | 24 | €869 | €614 | -€255 | -29.3% |
| Other tangible fixed assets | 26 | €2,852 | €2,423 | -€429 | -15.0% |
| Financial fixed assets | 28 | €184,655 | €192,384 | +€7,729 | +4.2% |
| Current assets | 29/58 | €35,022 | €23,097 | -€11,925 | -34.1% |
| Amounts receivable within one year | 40/41 | €3,445 | €3,756 | +€311 | +9.0% |
| Trade receivables | 40 | €2,964 | €3,630 | +€666 | +22.5% |
| Other amounts receivable | 41 | €480 | €126 | -€354 | -73.8% |
| Cash at bank and in hand | 54/58 | €27,992 | €15,736 | -€12,256 | -43.8% |
| Deferred charges and accrued income | 490/1 | €3,586 | €3,605 | +€20 | +0.5% |
| Total equity and liabilities | 10/49 | €224,436 | €219,688 | -€4,748 | -2.1% |
| Equity | 10/15 | €151,803 | €182,975 | +€31,172 | +20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,203 | €164,375 | +€31,172 | +23.4% |
| Tax-exempt reserves | 132 | €201 | €201 | = | 0.0% |
| Distributable reserves | 133 | €133,002 | €164,174 | +€31,172 | +23.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,633 | €36,713 | -€35,920 | -49.5% |
| Amounts payable after more than one year | 17 | €15,276 | €2,578 | -€12,698 | -83.1% |
| Financial debts | 170/4 | €15,276 | €2,578 | -€12,698 | -83.1% |
| Amounts payable within one year | 42/48 | €56,995 | €33,761 | -€23,234 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €21,008 | €12,698 | -€8,310 | -39.6% |
| Trade debts | 44 | €4,409 | €3,690 | -€719 | -16.3% |
| Suppliers | 440/4 | €4,409 | €3,690 | -€719 | -16.3% |
| Taxes, remuneration and social security | 45 | €10,722 | €10,119 | -€603 | -5.6% |
| Taxes | 450/3 | €10,722 | €10,119 | -€603 | -5.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €20,856 | €7,254 | -€13,602 | -65.2% |
| Accrued charges and deferred income | 492/3 | €362 | €374 | +€11 | +3.2% |
| Non-recurring operating income | 76A | €30,000 | €0 | -€30,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,242 | €1,418 | +€176 | +14.2% |
| Other operating charges | 640/8 | €907 | €654 | -€253 | -27.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €61,309 | €43,311 | -€17,998 | -29.4% |
| Operating profit (loss) | 9901 | €59,161 | €41,239 | -€17,922 | -30.3% |
| Financial income | 75/76B | €0 | €4,829 | +€4,829 | +48,285,600% |
| Recurring financial income | 75 | €0 | €4,829 | +€4,829 | +48,285,600% |
| Financial charges | 65/66B | €3,949 | €3,139 | -€809 | -20.5% |
| Recurring financial charges | 65 | €3,949 | €3,139 | -€809 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €55,212 | €42,928 | -€12,284 | -22.2% |
| Income taxes | 67/77 | €7,189 | €11,756 | +€4,568 | +63.5% |
| Profit (loss) for the period | 9904 | €48,023 | €31,172 | -€16,851 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,023 | €31,172 | -€16,851 | -35.1% |
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 23 October 2026 via checked.be.