INAGO: 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.
What changed
INAGO
NACE 87.101, Residential care activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€77,325
2024 · €246,284-€168,959
Equity
€11.9m
2024 · €11.4m+€463,969
Cash
€646,835
2024 · €1.4m-€797,074
Balance sheet total
€43.7m
2024 · €33.9m+€9.8m
Largest movements
Assets
- Tangible fixed assets +€8.1m
up €8.1m (+35.4%), from €22.8m to €30.9m
of which Land and buildings: +€7.4m
- Receivables within one year +€1.4m
up €1.4m (+46.9%), from €3.0m to €4.4m
of which Other amounts receivable: +€1.0m
- Receivables after one year +€1.1m
up €1.1m (+51.6%), from €2.0m to €3.1m
- Cash -€797,074
down €797,074 (-55.2%), from €1.4m to €646,835
mainly Investment in fixed assets (net) (-€9.6m) and Receivables within one year (-€1.4m)
Equity and liabilities
- Debts after one year +€6.9m
up €6.9m (+42.2%), from €16.4m to €23.3m
- Current portion of long-term debt +€921,759
up €921,759 (+60.3%), from €1.5m to €2.4m
- Trade debts +€755,970
up €755,970 (+197.3%), from €383,158 to €1.1m
- Tax, wage and social debts +€665,963
up €665,963 (+19.6%), from €3.4m to €4.1m
of which Remuneration and social security: +€560,705
- Contributions +€660,550
up €660,550 (+24.0%), from €2.8m to €3.4m
Income statement
- Turnover +€5.4m
up €5.4m (+31.0%), from €17.4m to €22.8m
- Staff costs +€4.5m
up €4.5m (+29.1%), from €15.6m to €20.1m
- Other operating income +€615,486
up €615,486 (+19.8%), from €3.1m to €3.7m
- Services and other goods +€608,497
up €608,497 (+39.0%), from €1.6m to €2.2m
- Goods and materials +€444,741
up €444,741 (+22.2%), from €2.0m to €2.4m
of which Purchases: +€444,227
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.
Result 2024
€246,284
Turnover
+€5.4m
Other operating income
+€615,486
Goods and materials
-€444,741
Services and other goods
-€608,497
Staff costs
-€4.5m
Depreciation
-€274,631
Provisions
+€7,558
Other operating charges
+€7,701
Other operating items
+€40,144
Financial income
-€121,276
Financial charges
-€238,836
Result 2025
€77,325
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.
From operations
+€613,828
Investment
-€9.6m
Financing
+€8.2m
Cash 2024
€1.4m
From operations (derived)
+€613,828
Net result for the year
+€77,325
Depreciation
+€1.5m
Receivables after one year
-€1.1m
Smaller working-capital items
+€52,795
Receivables within one year
-€1.4m
Trade debts
+€755,970
Tax, wage and social debts
+€665,963
Investment (derived)
-€9.6m
Investment in fixed assets (net)
-€9.6m
Current investments
-€52,301
Financing
+€8.2m
Debts after one year
+€6.9m
Current portion of long-term debt
+€921,759
Contributions, distributions and other
+€386,644
Cash 2025
€646,835
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,949,333 | €43,716,516 | +€9.8m | +28.8% |
| Fixed assets | 21/28 | €22,830,869 | €30,910,903 | +€8.1m | +35.4% |
| Tangible fixed assets | 22/27 | €22,828,186 | €30,908,220 | +€8.1m | +35.4% |
| Land and buildings | 22 | €21,658,169 | €29,036,267 | +€7.4m | +34.1% |
| Plant, machinery and equipment | 23 | €736,909 | €803,731 | +€66,822 | +9.1% |
| Furniture and vehicles | 24 | €204,675 | €225,671 | +€20,995 | +10.3% |
| Assets under construction and advance payments | 27 | €228,433 | €842,551 | +€614,118 | +268.8% |
| Financial fixed assets | 28 | €2,683 | €2,683 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,683 | €2,683 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,683 | €2,683 | = | 0.0% |
| Current assets | 29/58 | €11,118,464 | €12,805,613 | +€1.7m | +15.2% |
| Amounts receivable after more than one year | 29 | €2,040,192 | €3,093,602 | +€1.1m | +51.6% |
| Other amounts receivable | 291 | €2,040,192 | €3,093,602 | +€1.1m | +51.6% |
| Stocks and contracts in progress | 3 | €109,001 | €114,665 | +€5,664 | +5.2% |
| Stocks | 30/36 | €109,001 | €114,665 | +€5,664 | +5.2% |
| Raw materials and consumables | 30/31 | €109,001 | €114,665 | +€5,664 | +5.2% |
| Amounts receivable within one year | 40/41 | €2,971,535 | €4,365,559 | +€1.4m | +46.9% |
| Trade receivables | 40 | €2,048,156 | €2,409,292 | +€361,136 | +17.6% |
| Other amounts receivable | 41 | €923,378 | €1,956,267 | +€1.0m | +111.9% |
| Current investments | 50/53 | €4,307,247 | €4,359,549 | +€52,301 | +1.2% |
| Other investments | 51/53 | €4,307,247 | €4,359,549 | +€52,301 | +1.2% |
| Cash at bank and in hand | 54/58 | €1,443,909 | €646,835 | -€797,074 | -55.2% |
| Deferred charges and accrued income | 490/1 | €246,580 | €225,403 | -€21,177 | -8.6% |
| Total equity and liabilities | 10/49 | €33,949,333 | €43,716,516 | +€9.8m | +28.8% |
| Equity | 10/15 | €11,418,162 | €11,882,131 | +€463,969 | +4.1% |
| Contributions | 10/11 | €2,755,650 | €3,416,200 | +€660,550 | +24.0% |
| Reserves | 13 | €141,392 | €145,259 | +€3,866 | +2.7% |
| Non-distributable reserves | 130/1 | €141,392 | €145,259 | +€3,866 | +2.7% |
| Reserves not available under the articles | 1311 | €141,392 | €145,259 | +€3,866 | +2.7% |
| Profit (loss) carried forward | 14 | €1,812,564 | €1,886,023 | +€73,459 | +4.1% |
| Investment grants | 15 | €6,708,555 | €6,434,650 | -€273,906 | -4.1% |
| Provisions and deferred taxes | 16 | €143,384 | €158,043 | +€14,659 | +10.2% |
| Provisions for liabilities and charges | 160/5 | €143,384 | €158,043 | +€14,659 | +10.2% |
| Other liabilities and charges | 164/5 | €143,384 | €158,043 | +€14,659 | +10.2% |
| Amounts payable | 17/49 | €22,387,786 | €31,676,341 | +€9.3m | +41.5% |
| Amounts payable after more than one year | 17 | €16,394,236 | €23,316,476 | +€6.9m | +42.2% |
| Financial debts | 170/4 | €16,394,236 | €23,316,476 | +€6.9m | +42.2% |
| Credit institutions | 173 | €15,981,093 | €22,972,190 | +€7.0m | +43.7% |
| Other loans | 174 | €413,143 | €344,286 | -€68,857 | -16.7% |
| Amounts payable within one year | 42/48 | €5,703,612 | €8,066,790 | +€2.4m | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €1,527,819 | €2,449,577 | +€921,759 | +60.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €383,158 | €1,139,128 | +€755,970 | +197.3% |
| Suppliers | 440/4 | €383,158 | €1,139,128 | +€755,970 | +197.3% |
| Taxes, remuneration and social security | 45 | €3,393,469 | €4,059,431 | +€665,963 | +19.6% |
| Taxes | 450/3 | €385,352 | €490,610 | +€105,258 | +27.3% |
| Remuneration and social security | 454/9 | €3,008,116 | €3,568,821 | +€560,705 | +18.6% |
| Other amounts payable | 47/48 | €399,167 | €418,653 | +€19,486 | +4.9% |
| Accrued charges and deferred income | 492/3 | €289,938 | €293,075 | +€3,137 | +1.1% |
| Operating income | 70/76A | €20,672,625 | €26,628,277 | +€6.0m | +28.8% |
| Turnover | 70 | €17,378,491 | €22,768,566 | +€5.4m | +31.0% |
| Own construction capitalised | 72 | €0 | €66,621 | +€66,621 | |
| Other operating income | 74 | €3,116,363 | €3,731,848 | +€615,486 | +19.8% |
| Non-recurring operating income | 76A | €177,772 | €61,241 | -€116,531 | -65.6% |
| Operating charges | 60/66A | €20,660,549 | €26,425,048 | +€5.8m | +27.9% |
| Goods for resale, raw materials and consumables | 60 | €2,004,621 | €2,449,362 | +€444,741 | +22.2% |
| Purchases | 600/8 | €2,010,799 | €2,455,026 | +€444,227 | +22.1% |
| Change in stocks: decrease (increase) | 609 | -€6,178 | -€5,664 | +€514 | +8.3% |
| Services and other goods | 61 | €1,559,733 | €2,168,230 | +€608,497 | +39.0% |
| Remuneration, social security and pensions | 62 | €15,595,048 | €20,136,992 | +€4.5m | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,234,579 | €1,509,210 | +€274,631 | +22.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €22,217 | €14,659 | -€7,558 | -34.0% |
| Other operating charges | 640/8 | €54,650 | €46,949 | -€7,701 | -14.1% |
| Non-recurring operating charges | 66A | €189,700 | €99,647 | -€90,054 | -47.5% |
| Operating profit (loss) | 9901 | €12,076 | €203,228 | +€191,152 | +1582.9% |
| Financial income | 75/76B | €533,330 | €412,055 | -€121,276 | -22.7% |
| Recurring financial income | 75 | €533,330 | €412,055 | -€121,276 | -22.7% |
| Income from current assets | 751 | €165,565 | €61,127 | -€104,439 | -63.1% |
| Other financial income | 752/9 | €367,765 | €350,928 | -€16,837 | -4.6% |
| Financial charges | 65/66B | €299,122 | €537,958 | +€238,836 | +79.8% |
| Recurring financial charges | 65 | €299,122 | €537,958 | +€238,836 | +79.8% |
| Debt charges | 650 | €281,703 | €531,094 | +€249,391 | +88.5% |
| Other financial charges | 652/9 | €17,419 | €6,864 | -€10,555 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | €246,284 | €77,325 | -€168,959 | -68.6% |
| Profit (loss) for the period | 9904 | €246,284 | €77,325 | -€168,959 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €246,284 | €77,325 | -€168,959 | -68.6% |
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 8 October 2026 via checked.be.