IN4 VALUE: 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.
IN4 VALUE
Largest movements
- Cash +€12,548
up €12,548 (+10.9%), from €115,514 to €128,062
mainly Depreciation (+€10,719) and Net result for the year (+€6,452)
- Tangible fixed assets -€10,719
down €10,719 (-87.4%), from €12,268 to €1,549
of which Furniture and vehicles: -€10,545
- Receivables within one year -€4,372
down €4,372 (-40.8%), from €10,720 to €6,347
of which Other amounts receivable: -€4,618
- Other debts -€9,906
down €9,906 (-69.5%), from €14,262 to €4,356
- Reserves +€6,452
up €6,452 (+5.6%), from €114,793 to €121,245
- Tax, wage and social debts +€2,309
up €2,309 (+100.7%), from €2,292 to €4,601
- Gross operating margin -€1,836
down €1,836 (-7.4%), from €24,648 to €22,812
- Financial income +€730
up €730 (+1021.7%), from €71 to €802
- Taxes -€428
down €428 (-7.1%), from €5,993 to €5,564
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 | €141,017 | €139,661 | -€1,356 | -1.0% |
| Fixed assets | 21/28 | €12,268 | €1,549 | -€10,719 | -87.4% |
| Tangible fixed assets | 22/27 | €12,268 | €1,549 | -€10,719 | -87.4% |
| Plant, machinery and equipment | 23 | €175 | - | -€175 | |
| Furniture and vehicles | 24 | €12,093 | €1,549 | -€10,545 | -87.2% |
| Current assets | 29/58 | €128,750 | €138,112 | +€9,363 | +7.3% |
| Amounts receivable within one year | 40/41 | €10,720 | €6,347 | -€4,372 | -40.8% |
| Trade receivables | 40 | €3,870 | €4,116 | +€246 | +6.4% |
| Other amounts receivable | 41 | €6,849 | €2,231 | -€4,618 | -67.4% |
| Cash at bank and in hand | 54/58 | €115,514 | €128,062 | +€12,548 | +10.9% |
| Deferred charges and accrued income | 490/1 | €2,516 | €3,704 | +€1,187 | +47.2% |
| Total equity and liabilities | 10/49 | €141,017 | €139,661 | -€1,356 | -1.0% |
| Equity | 10/15 | €123,819 | €130,270 | +€6,452 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €114,793 | €121,245 | +€6,452 | +5.6% |
| Distributable reserves | 133 | €114,793 | €121,245 | +€6,452 | +5.6% |
| Profit (loss) carried forward | 14 | €2,825 | €2,825 | = | 0.0% |
| Amounts payable | 17/49 | €17,199 | €9,391 | -€7,808 | -45.4% |
| Amounts payable within one year | 42/48 | €17,199 | €9,391 | -€7,808 | -45.4% |
| Trade debts | 44 | €644 | €434 | -€210 | -32.7% |
| Suppliers | 440/4 | €644 | €434 | -€210 | -32.7% |
| Taxes, remuneration and social security | 45 | €2,292 | €4,601 | +€2,309 | +100.7% |
| Taxes | 450/3 | €2,292 | €4,601 | +€2,309 | +100.7% |
| Other amounts payable | 47/48 | €14,262 | €4,356 | -€9,906 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,829 | €10,719 | -€109 | -1.0% |
| Other operating charges | 640/8 | €782 | €800 | +€18 | +2.4% |
| Gross operating margin | 9900 | €24,648 | €22,812 | -€1,836 | -7.4% |
| Operating profit (loss) | 9901 | €13,038 | €11,293 | -€1,745 | -13.4% |
| Financial income | 75/76B | €71 | €802 | +€730 | +1021.7% |
| Recurring financial income | 75 | €71 | €802 | +€730 | +1021.7% |
| Financial charges | 65/66B | €95 | €78 | -€17 | -17.5% |
| Recurring financial charges | 65 | €95 | €78 | -€17 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €13,014 | €12,016 | -€998 | -7.7% |
| Income taxes | 67/77 | €5,993 | €5,564 | -€428 | -7.1% |
| Profit (loss) for the period | 9904 | €7,021 | €6,452 | -€570 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,021 | €6,452 | -€570 | -8.1% |
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 12 October 2026 via checked.be.