INA LEX: what changed
Two fiscal 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 LEX
Largest movements
- Receivables within one year -€14,784
down €14,784 (-76.9%), from €19,225 to €4,441
of which Other amounts receivable: -€17,226
- Cash -€6,592
down €6,592 (-12.4%), from €53,157 to €46,564
mainly Contributions, distributions and other (-€48,843) and Other debts (-€26,326)
- Deferred charges and accrued income -€2,429
down €2,429 (-57.8%), from €4,200 to €1,771
- Other debts -€26,326
down €26,326 (-35.0%), from €75,169 to €48,843
- Tax, wage and social debts +€1,896
up €1,896 (+29.9%), from €6,348 to €8,244
- Gross operating margin +€67,013
up €67,013 (+2584.6%), from €2,593 to €69,606
- Taxes +€16,772
up €16,772 (+2122.6%), from €790 to €17,562
- Depreciation +€1,009
up €1,009 (+91.5%), from €1,103 to €2,113
- Other operating charges +€775
new in 2025: €775
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 | €85,775 | €61,940 | -€23,836 | -27.8% |
| Fixed assets | 21/28 | €9,194 | €9,164 | -€30 | -0.3% |
| Tangible fixed assets | 22/27 | €8,944 | €8,914 | -€30 | -0.3% |
| Furniture and vehicles | 24 | - | €1,432 | +€1,432 | |
| Other tangible fixed assets | 26 | €8,944 | €7,481 | -€1,462 | -16.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €76,582 | €52,776 | -€23,806 | -31.1% |
| Amounts receivable within one year | 40/41 | €19,225 | €4,441 | -€14,784 | -76.9% |
| Trade receivables | 40 | - | €2,442 | +€2,442 | |
| Other amounts receivable | 41 | €19,225 | €1,999 | -€17,226 | -89.6% |
| Cash at bank and in hand | 54/58 | €53,157 | €46,564 | -€6,592 | -12.4% |
| Deferred charges and accrued income | 490/1 | €4,200 | €1,771 | -€2,429 | -57.8% |
| Total equity and liabilities | 10/49 | €85,775 | €61,940 | -€23,836 | -27.8% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €83,275 | €59,440 | -€23,836 | -28.6% |
| Amounts payable within one year | 42/48 | €83,275 | €59,440 | -€23,836 | -28.6% |
| Trade debts | 44 | €1,759 | €2,353 | +€594 | +33.8% |
| Suppliers | 440/4 | €1,759 | €2,353 | +€594 | +33.8% |
| Taxes, remuneration and social security | 45 | €6,348 | €8,244 | +€1,896 | +29.9% |
| Taxes | 450/3 | €6,348 | €8,244 | +€1,896 | +29.9% |
| Other amounts payable | 47/48 | €75,169 | €48,843 | -€26,326 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,103 | €2,113 | +€1,009 | +91.5% |
| Other operating charges | 640/8 | - | €775 | +€775 | |
| Gross operating margin | 9900 | €2,593 | €69,606 | +€67,013 | +2584.6% |
| Operating profit (loss) | 9901 | €1,489 | €66,718 | +€65,229 | +4379.8% |
| Financial income | 75/76B | €548 | €5 | -€543 | -99.1% |
| Recurring financial income | 75 | €548 | €5 | -€543 | -99.1% |
| Financial charges | 65/66B | €129 | €319 | +€189 | +146.3% |
| Recurring financial charges | 65 | €129 | €319 | +€189 | +146.3% |
| Profit (loss) for the period before taxes | 9903 | €1,908 | €66,405 | +€64,497 | +3379.9% |
| Income taxes | 67/77 | €790 | €17,562 | +€16,772 | +2122.6% |
| Profit (loss) for the period | 9904 | €1,118 | €48,843 | +€47,725 | +4268.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,118 | €48,843 | +€47,725 | +4268.4% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.