INAGRAS: 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.
What changed
INAGRAS
NACE 46.851, Wholesale of industrial chemicals
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€510,774
31-12-2024 · €488,224+€22,550
Equity
€6.1m
31-12-2024 · €5.6m+€510,774
Cash
€2.4m
31-12-2024 · €1.2m+€1.2m
Balance sheet total
€7.6m
31-12-2024 · €7.7m-€70,776
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-59.6%), from €2.3m to €929,338
of which Trade receivables: -€1.0m
- Cash +€1.2m
up €1.2m (+104%), from €1.2m to €2.4m
mainly Receivables within one year (+€1.4m) and Other debts (+€600,000)
Equity and liabilities
- Trade debts -€792,452
down €792,452 (-59.1%), from €1.3m to €548,995
- Other debts +€600,000
up €600,000, from €0 to €600,000
- Profit (loss) carried forward +€510,774
up €510,774 (+860%), from €59,374 to €570,148
- Accrued charges and deferred income -€380,782
down €380,782 (-60.6%), from €628,264 to €247,481
Income statement
- Gross operating margin -€173,188
down €173,188 (-12.6%), from €1.4m to €1.2m
- Taxes -€126,449
down €126,449 (-73.3%), from €172,476 to €46,027
- Financial income +€39,562
up €39,562 (+46.5%), from €85,000 to €124,562
- Staff costs -€33,267
down €33,267 (-5.0%), from €670,120 to €636,853
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
€488,224
Gross operating margin
-€173,188
Staff costs
+€33,267
Depreciation
-€1,919
Other operating charges
+€167
Other operating items
+€2,497
Financial income
+€39,562
Financial charges
-€4,285
Taxes
+€126,449
Result 31-12-2025
€510,774
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.3m
Investment
-€65,022
Financing
€0
Cash 31-12-2024
€1.2m
From operations (derived)
+€1.3m
Net result for the year
+€510,774
Depreciation
+€57,724
Stocks and contracts
-€59,184
Receivables within one year
+€1.4m
Deferred charges and accrued income
-€3,158
Trade debts
-€792,452
Tax, wage and social debts
-€8,316
Other debts
+€600,000
Accrued charges and deferred income
-€380,782
Investment (derived)
-€65,022
Investment in fixed assets (net)
-€65,022
Cash 31-12-2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,685,192 | €7,614,416 | -€70,776 | -0.9% |
| Fixed assets | 21/28 | €2,944,751 | €2,952,049 | +€7,298 | +0.2% |
| Intangible fixed assets | 21 | €22,347 | €15,783 | -€6,564 | -29.4% |
| Tangible fixed assets | 22/27 | €309,593 | €323,455 | +€13,862 | +4.5% |
| Land and buildings | 22 | €166,838 | €153,273 | -€13,564 | -8.1% |
| Plant, machinery and equipment | 23 | €12,441 | €33,336 | +€20,895 | +168% |
| Furniture and vehicles | 24 | €130,315 | €136,846 | +€6,531 | +5.0% |
| Financial fixed assets | 28 | €2,612,810 | €2,612,810 | = | 0.0% |
| Current assets | 29/58 | €4,740,441 | €4,662,368 | -€78,074 | -1.6% |
| Stocks and contracts in progress | 3 | €1,251,166 | €1,310,350 | +€59,184 | +4.7% |
| Stocks | 30/36 | €1,251,166 | €1,310,350 | +€59,184 | +4.7% |
| Amounts receivable within one year | 40/41 | €2,300,659 | €929,338 | -€1.4m | -59.6% |
| Trade receivables | 40 | €1,851,065 | €822,044 | -€1.0m | -55.6% |
| Other amounts receivable | 41 | €449,595 | €107,294 | -€342,301 | -76.1% |
| Cash at bank and in hand | 54/58 | €1,182,221 | €2,413,126 | +€1.2m | +104% |
| Deferred charges and accrued income | 490/1 | €6,395 | €9,553 | +€3,158 | +49.4% |
| Total equity and liabilities | 10/49 | €7,685,192 | €7,614,416 | -€70,776 | -0.9% |
| Equity | 10/15 | €5,604,374 | €6,115,148 | +€510,774 | +9.1% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Capital | 10 | €850,000 | €850,000 | = | 0.0% |
| Issued capital | 100 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €4,695,000 | €4,695,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Legal reserve | 130 | €85,000 | €85,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €4,600,000 | €4,600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,374 | €570,148 | +€510,774 | +860% |
| Amounts payable | 17/49 | €2,080,818 | €1,499,268 | -€581,550 | -27.9% |
| Amounts payable within one year | 42/48 | €1,452,555 | €1,251,787 | -€200,768 | -13.8% |
| Trade debts | 44 | €1,341,447 | €548,995 | -€792,452 | -59.1% |
| Suppliers | 440/4 | €1,341,447 | €548,995 | -€792,452 | -59.1% |
| Taxes, remuneration and social security | 45 | €111,108 | €102,793 | -€8,316 | -7.5% |
| Taxes | 450/3 | €54,954 | €36,440 | -€18,514 | -33.7% |
| Remuneration and social security | 454/9 | €56,154 | €66,353 | +€10,199 | +18.2% |
| Other amounts payable | 47/48 | €0 | €600,000 | +€600,000 | |
| Accrued charges and deferred income | 492/3 | €628,264 | €247,481 | -€380,782 | -60.6% |
| Non-recurring operating income | 76A | €13,994 | €0 | -€13,994 | -100% |
| Remuneration, social security and pensions | 62 | €670,120 | €636,853 | -€33,267 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,806 | €57,724 | +€1,919 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €11,678 | €11,511 | -€167 | -1.4% |
| Non-recurring operating charges | 66A | €4,678 | €2,182 | -€2,497 | -53.4% |
| Gross operating margin | 9900 | €1,370,158 | €1,196,970 | -€173,188 | -12.6% |
| Operating profit (loss) | 9901 | €627,876 | €488,700 | -€139,176 | -22.2% |
| Financial income | 75/76B | €85,000 | €124,562 | +€39,562 | +46.5% |
| Recurring financial income | 75 | €85,000 | €124,562 | +€39,562 | +46.5% |
| Financial charges | 65/66B | €52,176 | €56,462 | +€4,285 | +8.2% |
| Recurring financial charges | 65 | €52,176 | €56,462 | +€4,285 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €660,700 | €556,801 | -€103,899 | -15.7% |
| Income taxes | 67/77 | €172,476 | €46,027 | -€126,449 | -73.3% |
| Profit (loss) for the period | 9904 | €488,224 | €510,774 | +€22,550 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €488,224 | €510,774 | +€22,550 | +4.6% |
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 13 October 2026 via checked.be.