Inaequo Consulting: 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.
Inaequo Consulting
Largest movements
- Tangible fixed assets -€21,140
down €21,140 (-4.2%), from €498,580 to €477,440
of which Land and buildings: -€19,808
- Cash -€17,526
down €17,526 (-100%), from €17,526 to €0
mainly Net result for the year (-€39,277) and Trade debts (-€19,235)
- Deferred charges and accrued income +€9,550
up €9,550 (+42.2%), from €22,616 to €32,166
- Receivables within one year -€7,805
down €7,805 (-22.7%), from €34,419 to €26,614
of which Trade receivables: -€9,777
- Profit (loss) carried forward -€39,277
down €39,277 (-704%), from -€5,579 to -€44,855
- Other debts +€32,402
new in 2025: €32,402
- Trade debts -€19,235
down €19,235 (-88.1%), from €21,833 to €2,598
- Debts after one year -€17,833
down €17,833 (-3.7%), from €488,122 to €470,289
of which Financial debts: -€17,833
- Tax, wage and social debts -€6,974
down €6,974 (-75.4%), from €9,250 to €2,276
- Gross operating margin -€23,213
down €23,213, from €22,478 to -€735
- Depreciation +€5,267
up €5,267 (+33.2%), from €15,873 to €21,140
- Financial charges +€3,619
up €3,619 (+27.9%), from €12,957 to €16,577
- Taxes +€1,951
up €1,951, from -€1,626 to €325
- Other operating charges -€409
down €409 (-45.0%), from €909 to €500
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 | €577,780 | €537,158 | -€40,622 | -7.0% |
| Fixed assets | 21/28 | €498,580 | €477,440 | -€21,140 | -4.2% |
| Tangible fixed assets | 22/27 | €498,580 | €477,440 | -€21,140 | -4.2% |
| Land and buildings | 22 | €489,340 | €469,532 | -€19,808 | -4.0% |
| Furniture and vehicles | 24 | €759 | €87 | -€673 | -88.6% |
| Other tangible fixed assets | 26 | €8,481 | €7,822 | -€660 | -7.8% |
| Current assets | 29/58 | €79,201 | €59,719 | -€19,482 | -24.6% |
| Amounts receivable within one year | 40/41 | €34,419 | €26,614 | -€7,805 | -22.7% |
| Trade receivables | 40 | €34,197 | €24,420 | -€9,777 | -28.6% |
| Other amounts receivable | 41 | €222 | €2,194 | +€1,972 | +887% |
| Current investments | 50/53 | €4,639 | €939 | -€3,700 | -79.8% |
| Cash at bank and in hand | 54/58 | €17,526 | €0 | -€17,526 | -100% |
| Deferred charges and accrued income | 490/1 | €22,616 | €32,166 | +€9,550 | +42.2% |
| Total equity and liabilities | 10/49 | €577,780 | €537,158 | -€40,622 | -7.0% |
| Equity | 10/15 | €41,415 | €2,139 | -€39,277 | -94.8% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €46,794 | €46,794 | = | 0.0% |
| Distributable reserves | 133 | €46,794 | €46,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,579 | -€44,855 | -€39,277 | -704% |
| Amounts payable | 17/49 | €536,365 | €535,020 | -€1,345 | -0.3% |
| Amounts payable after more than one year | 17 | €488,122 | €470,289 | -€17,833 | -3.7% |
| Financial debts | 170/4 | €484,522 | €466,689 | -€17,833 | -3.7% |
| Other amounts payable | 178/9 | €3,600 | €3,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,243 | €58,829 | +€10,586 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €17,160 | €17,833 | +€673 | +3.9% |
| Financial debts | 43 | - | €3,720 | +€3,720 | |
| Credit institutions | 430/8 | - | €3,720 | +€3,720 | |
| Trade debts | 44 | €21,833 | €2,598 | -€19,235 | -88.1% |
| Suppliers | 440/4 | €21,833 | €2,598 | -€19,235 | -88.1% |
| Taxes, remuneration and social security | 45 | €9,250 | €2,276 | -€6,974 | -75.4% |
| Taxes | 450/3 | €9,250 | €2,276 | -€6,974 | -75.4% |
| Other amounts payable | 47/48 | - | €32,402 | +€32,402 | |
| Accrued charges and deferred income | 492/3 | - | €5,902 | +€5,902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,873 | €21,140 | +€5,267 | +33.2% |
| Other operating charges | 640/8 | €909 | €500 | -€409 | -45.0% |
| Gross operating margin | 9900 | €22,478 | -€735 | -€23,213 | |
| Operating profit (loss) | 9901 | €5,696 | -€22,375 | -€28,071 | |
| Financial income | 75/76B | €56 | €0 | -€56 | -100.0% |
| Recurring financial income | 75 | €56 | €0 | -€56 | -100.0% |
| Financial charges | 65/66B | €12,957 | €16,577 | +€3,619 | +27.9% |
| Recurring financial charges | 65 | €12,957 | €16,577 | +€3,619 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,205 | -€38,952 | -€31,747 | -441% |
| Income taxes | 67/77 | -€1,626 | €325 | +€1,951 | |
| Profit (loss) for the period | 9904 | -€5,579 | -€39,277 | -€33,698 | -604% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,579 | -€39,277 | -€33,698 | -604% |
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 29 October 2026 via checked.be.