INAID: 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.
INAID
Largest movements
- Tangible fixed assets -€34,948
down €34,948 (-16.6%), from €210,669 to €175,722
- Receivables within one year -€14,382
down €14,382 (-96.3%), from €14,936 to €554
of which Trade receivables: -€14,382
- Cash +€7,301
up €7,301 (+7.1%), from €103,422 to €110,723
mainly Depreciation (+€34,948) and Net result for the year (+€33,227)
- Tax, wage and social debts -€39,662
down €39,662 (-76.6%), from €51,757 to €12,095
- Profit (loss) carried forward +€33,227
up €33,227 (+1,207%), from €2,753 to €35,980
- Debts after one year -€27,000
no longer reported in 2026 (was €27,000)
- Other debts -€4,239
down €4,239 (-99.0%), from €4,283 to €44
- Trade debts -€4,190
no longer reported in 2026 (was €4,190)
- Gross operating margin -€82,515
down €82,515 (-50.3%), from €164,012 to €81,497
- Taxes -€31,190
down €31,190 (-72.1%), from €43,285 to €12,095
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,483 | €287,619 | -€41,864 | -12.7% |
| Fixed assets | 21/28 | €210,669 | €175,722 | -€34,948 | -16.6% |
| Tangible fixed assets | 22/27 | €210,669 | €175,722 | -€34,948 | -16.6% |
| Plant, machinery and equipment | 23 | €210,669 | €175,722 | -€34,948 | -16.6% |
| Current assets | 29/58 | €118,814 | €111,898 | -€6,917 | -5.8% |
| Amounts receivable within one year | 40/41 | €14,936 | €554 | -€14,382 | -96.3% |
| Trade receivables | 40 | €14,382 | - | -€14,382 | |
| Other amounts receivable | 41 | €554 | €554 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,422 | €110,723 | +€7,301 | +7.1% |
| Deferred charges and accrued income | 490/1 | €456 | €620 | +€164 | +36.1% |
| Total equity and liabilities | 10/49 | €329,483 | €287,619 | -€41,864 | -12.7% |
| Equity | 10/15 | €242,253 | €275,480 | +€33,227 | +13.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €234,500 | €234,500 | = | 0.0% |
| Distributable reserves | 133 | €234,500 | €234,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,753 | €35,980 | +€33,227 | +1,207% |
| Amounts payable | 17/49 | €87,230 | €12,140 | -€75,091 | -86.1% |
| Amounts payable after more than one year | 17 | €27,000 | - | -€27,000 | |
| Financial debts | 170/4 | €27,000 | - | -€27,000 | |
| Amounts payable within one year | 42/48 | €60,230 | €12,140 | -€48,091 | -79.8% |
| Trade debts | 44 | €4,190 | - | -€4,190 | |
| Suppliers | 440/4 | €4,190 | - | -€4,190 | |
| Taxes, remuneration and social security | 45 | €51,757 | €12,095 | -€39,662 | -76.6% |
| Taxes | 450/3 | €51,757 | €12,095 | -€39,662 | -76.6% |
| Other amounts payable | 47/48 | €4,283 | €44 | -€4,239 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,994 | €34,948 | +€954 | +2.8% |
| Other operating charges | 640/8 | €844 | €1,023 | +€179 | +21.2% |
| Gross operating margin | 9900 | €164,012 | €81,497 | -€82,515 | -50.3% |
| Operating profit (loss) | 9901 | €129,174 | €45,526 | -€83,648 | -64.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €350 | €205 | -€145 | -41.5% |
| Recurring financial charges | 65 | €350 | €205 | -€145 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €128,824 | €45,322 | -€83,502 | -64.8% |
| Income taxes | 67/77 | €43,285 | €12,095 | -€31,190 | -72.1% |
| Profit (loss) for the period | 9904 | €85,539 | €33,227 | -€52,313 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,539 | €33,227 | -€52,313 | -61.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.