INADEVS: 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.
INADEVS
Largest movements
- Deferred charges and accrued income +€30,131
up €30,131 (+5316.4%), from €567 to €30,698
- Cash -€25,267
down €25,267 (-40.3%), from €62,712 to €37,445
mainly Deferred charges and accrued income (-€30,131) and Contributions, distributions and other (-€25,833)
- Receivables within one year +€20,693
up €20,693 (+143.4%), from €14,431 to €35,125
of which Trade receivables: +€18,389
- Tangible fixed assets -€3,926
down €3,926 (-43.8%), from €8,956 to €5,030
- Intangible fixed assets -€1,240
down €1,240 (-51.5%), from €2,409 to €1,169
- Other debts +€30,824
up €30,824 (+101460.5%), from €30 to €30,854
- Reserves -€22,711
down €22,711 (-32.2%), from €70,441 to €47,730
of which Distributable reserves: -€22,711
- Tax, wage and social debts +€5,159
up €5,159 (+172.2%), from €2,996 to €8,155
- Trade debts +€4,047
up €4,047 (+68.4%), from €5,916 to €9,963
- Accrued charges and deferred income +€3,920
new in 2025: €3,920
- Financial charges +€29,698
up €29,698 (+5548.2%), from €535 to €30,233
- Depreciation -€12,054
down €12,054 (-64.0%), from €18,833 to €6,779
- Taxes -€5,220
down €5,220 (-65.9%), from €7,916 to €2,696
- Gross operating margin -€1,734
down €1,734 (-3.9%), from €44,384 to €42,650
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 | €89,075 | €109,466 | +€20,391 | +22.9% |
| Fixed assets | 21/28 | €11,364 | €6,198 | -€5,166 | -45.5% |
| Intangible fixed assets | 21 | €2,409 | €1,169 | -€1,240 | -51.5% |
| Tangible fixed assets | 22/27 | €8,956 | €5,030 | -€3,926 | -43.8% |
| Furniture and vehicles | 24 | €8,956 | €5,030 | -€3,926 | -43.8% |
| Current assets | 29/58 | €77,711 | €103,268 | +€25,557 | +32.9% |
| Amounts receivable within one year | 40/41 | €14,431 | €35,125 | +€20,693 | +143.4% |
| Trade receivables | 40 | €14,431 | €32,821 | +€18,389 | +127.4% |
| Other amounts receivable | 41 | - | €2,304 | +€2,304 | |
| Cash at bank and in hand | 54/58 | €62,712 | €37,445 | -€25,267 | -40.3% |
| Deferred charges and accrued income | 490/1 | €567 | €30,698 | +€30,131 | +5316.4% |
| Total equity and liabilities | 10/49 | €89,075 | €109,466 | +€20,391 | +22.9% |
| Equity | 10/15 | €78,853 | €55,309 | -€23,544 | -29.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €70,441 | €47,730 | -€22,711 | -32.2% |
| Tax-exempt reserves | 132 | €1,212 | €1,212 | = | 0.0% |
| Distributable reserves | 133 | €69,229 | €46,517 | -€22,711 | -32.8% |
| Profit (loss) carried forward | 14 | €2,212 | €1,379 | -€833 | -37.7% |
| Amounts payable | 17/49 | €10,222 | €54,157 | +€43,936 | +429.8% |
| Amounts payable within one year | 42/48 | €10,222 | €50,237 | +€40,016 | +391.5% |
| Current portion of amounts payable after more than one year | 42 | €1,279 | €1,265 | -€14 | -1.1% |
| Trade debts | 44 | €5,916 | €9,963 | +€4,047 | +68.4% |
| Suppliers | 440/4 | €5,916 | €9,963 | +€4,047 | +68.4% |
| Taxes, remuneration and social security | 45 | €2,996 | €8,155 | +€5,159 | +172.2% |
| Taxes | 450/3 | €2,996 | €8,155 | +€5,159 | +172.2% |
| Other amounts payable | 47/48 | €30 | €30,854 | +€30,824 | +101460.5% |
| Accrued charges and deferred income | 492/3 | - | €3,920 | +€3,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,833 | €6,779 | -€12,054 | -64.0% |
| Other operating charges | 640/8 | €956 | €653 | -€304 | -31.8% |
| Gross operating margin | 9900 | €44,384 | €42,650 | -€1,734 | -3.9% |
| Operating profit (loss) | 9901 | €24,595 | €35,218 | +€10,624 | +43.2% |
| Financial charges | 65/66B | €535 | €30,233 | +€29,698 | +5548.2% |
| Recurring financial charges | 65 | €535 | €30,233 | +€29,698 | +5548.2% |
| Profit (loss) for the period before taxes | 9903 | €24,059 | €4,985 | -€19,074 | -79.3% |
| Income taxes | 67/77 | €7,916 | €2,696 | -€5,220 | -65.9% |
| Profit (loss) for the period | 9904 | €16,143 | €2,289 | -€13,855 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,143 | €2,289 | -€13,855 | -85.8% |
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 10 October 2026 via checked.be.