Ina Corp.: 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.
Ina Corp.
Largest movements
- Receivables within one year -€182,938
down €182,938 (-49.2%), from €371,865 to €188,927
of which Trade receivables: -€210,624
- Stocks and contracts +€43,615
up €43,615 (+129%), from €33,910 to €77,525
- Cash +€13,004
up €13,004 (+756,047%), from €2 to €13,006
mainly Receivables within one year (+€182,938) and Net result for the year (+€105,380)
- Tangible fixed assets +€8,643
up €8,643 (+627%), from €1,379 to €10,022
of which Plant, machinery and equipment: +€7,805
- Deferred charges and accrued income -€7,611
down €7,611 (-82.5%), from €9,221 to €1,609
- Trade debts -€219,559
down €219,559 (-67.6%), from €324,985 to €105,427
- Profit (loss) carried forward +€105,380
up €105,380 (+239%), from €44,157 to €149,537
- Other debts -€15,059
down €15,059 (-100%), from €15,059 to €0
- Gross operating margin +€56,992
up €56,992 (+67.5%), from €84,494 to €141,486
- Staff costs -€26,105
down €26,105, from €25,341 to -€765
- Taxes +€23,551
up €23,551 (+335%), from €7,021 to €30,572
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 | €416,376 | €291,089 | -€125,287 | -30.1% |
| Fixed assets | 21/28 | €1,379 | €10,022 | +€8,643 | +627% |
| Tangible fixed assets | 22/27 | €1,379 | €10,022 | +€8,643 | +627% |
| Plant, machinery and equipment | 23 | €1,379 | €9,184 | +€7,805 | +566% |
| Furniture and vehicles | 24 | - | €838 | +€838 | |
| Current assets | 29/58 | €414,997 | €281,067 | -€133,930 | -32.3% |
| Stocks and contracts in progress | 3 | €33,910 | €77,525 | +€43,615 | +129% |
| Stocks | 30/36 | €33,910 | €77,525 | +€43,615 | +129% |
| Amounts receivable within one year | 40/41 | €371,865 | €188,927 | -€182,938 | -49.2% |
| Trade receivables | 40 | €371,865 | €161,240 | -€210,624 | -56.6% |
| Other amounts receivable | 41 | €0 | €27,686 | +€27,686 | |
| Cash at bank and in hand | 54/58 | €2 | €13,006 | +€13,004 | +756,047% |
| Deferred charges and accrued income | 490/1 | €9,221 | €1,609 | -€7,611 | -82.5% |
| Total equity and liabilities | 10/49 | €416,376 | €291,089 | -€125,287 | -30.1% |
| Equity | 10/15 | €64,157 | €169,537 | +€105,380 | +164% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,157 | €149,537 | +€105,380 | +239% |
| Amounts payable | 17/49 | €352,220 | €121,552 | -€230,667 | -65.5% |
| Amounts payable within one year | 42/48 | €351,105 | €120,477 | -€230,628 | -65.7% |
| Trade debts | 44 | €324,985 | €105,427 | -€219,559 | -67.6% |
| Suppliers | 440/4 | €324,985 | €105,427 | -€219,559 | -67.6% |
| Taxes, remuneration and social security | 45 | €11,060 | €15,051 | +€3,990 | +36.1% |
| Taxes | 450/3 | €5,135 | €15,051 | +€9,916 | +193% |
| Remuneration and social security | 454/9 | €5,925 | €0 | -€5,925 | -100% |
| Other amounts payable | 47/48 | €15,059 | €0 | -€15,059 | -100% |
| Accrued charges and deferred income | 492/3 | €1,115 | €1,075 | -€40 | -3.6% |
| Remuneration, social security and pensions | 62 | €25,341 | -€765 | -€26,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €465 | €1,652 | +€1,187 | +255% |
| Other operating charges | 640/8 | €944 | €956 | +€12 | +1.3% |
| Gross operating margin | 9900 | €84,494 | €141,486 | +€56,992 | +67.5% |
| Operating profit (loss) | 9901 | €57,744 | €139,642 | +€81,898 | +142% |
| Financial income | 75/76B | - | €580 | +€580 | |
| Recurring financial income | 75 | - | €580 | +€580 | |
| Financial charges | 65/66B | €5,466 | €4,270 | -€1,196 | -21.9% |
| Recurring financial charges | 65 | €5,466 | €4,270 | -€1,196 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €52,278 | €135,952 | +€83,674 | +160% |
| Income taxes | 67/77 | €7,021 | €30,572 | +€23,551 | +335% |
| Profit (loss) for the period | 9904 | €45,257 | €105,380 | +€60,123 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €45,257 | €105,380 | +€60,123 | +133% |
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 15 October 2026 via checked.be.