INAÏS: 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.
INAÏS
Largest movements
- Cash -€83,605
down €83,605 (-53.7%), from €155,568 to €71,964
mainly Net result for the year (-€123,546) and Debts after one year (-€14,248)
- Tangible fixed assets -€43,436
down €43,436 (-30.3%), from €143,303 to €99,867
of which Other tangible fixed assets: -€35,956
- Receivables within one year +€11,548
up €11,548 (+54.2%), from €21,319 to €32,868
of which Trade receivables: +€11,431
- Profit (loss) carried forward -€123,546
down €123,546 (-92.0%), from -€134,296 to -€257,842
- Trade debts +€19,671
up €19,671 (+96.6%), from €20,354 to €40,025
- Debts after one year -€14,248
down €14,248 (-66.3%), from €21,498 to €7,250
- Tax, wage and social debts +€13,211
up €13,211 (+25.3%), from €52,181 to €65,392
of which Remuneration and social security: +€15,492
- Other debts -€10,097
down €10,097 (-5.7%), from €175,793 to €165,696
- Staff costs +€85,539
up €85,539 (+37.6%), from €227,729 to €313,268
- Gross operating margin -€32,016
down €32,016 (-12.0%), from €267,508 to €235,492
- Financial charges -€14,007
down €14,007 (-89.2%), from €15,709 to €1,702
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 | €334,447 | €219,865 | -€114,582 | -34.3% |
| Fixed assets | 21/28 | €143,303 | €99,867 | -€43,436 | -30.3% |
| Tangible fixed assets | 22/27 | €143,303 | €99,867 | -€43,436 | -30.3% |
| Plant, machinery and equipment | 23 | €16,737 | €9,257 | -€7,480 | -44.7% |
| Other tangible fixed assets | 26 | €126,566 | €90,610 | -€35,956 | -28.4% |
| Current assets | 29/58 | €191,144 | €119,998 | -€71,147 | -37.2% |
| Stocks and contracts in progress | 3 | €9,246 | €9,419 | +€174 | +1.9% |
| Stocks | 30/36 | €9,246 | €9,419 | +€174 | +1.9% |
| Amounts receivable within one year | 40/41 | €21,319 | €32,868 | +€11,548 | +54.2% |
| Trade receivables | 40 | €21,319 | €32,751 | +€11,431 | +53.6% |
| Other amounts receivable | 41 | - | €117 | +€117 | |
| Cash at bank and in hand | 54/58 | €155,568 | €71,964 | -€83,605 | -53.7% |
| Deferred charges and accrued income | 490/1 | €5,011 | €5,747 | +€737 | +14.7% |
| Total equity and liabilities | 10/49 | €334,447 | €219,865 | -€114,582 | -34.3% |
| Equity | 10/15 | €50,704 | -€72,842 | -€123,546 | |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,296 | -€257,842 | -€123,546 | -92.0% |
| Amounts payable | 17/49 | €283,743 | €292,707 | +€8,964 | +3.2% |
| Amounts payable after more than one year | 17 | €21,498 | €7,250 | -€14,248 | -66.3% |
| Other amounts payable | 178/9 | €21,498 | €7,250 | -€14,248 | -66.3% |
| Amounts payable within one year | 42/48 | €262,245 | €285,361 | +€23,116 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €13,917 | €14,248 | +€331 | +2.4% |
| Trade debts | 44 | €20,354 | €40,025 | +€19,671 | +96.6% |
| Suppliers | 440/4 | €20,354 | €40,025 | +€19,671 | +96.6% |
| Taxes, remuneration and social security | 45 | €52,181 | €65,392 | +€13,211 | +25.3% |
| Taxes | 450/3 | €21,278 | €18,998 | -€2,281 | -10.7% |
| Remuneration and social security | 454/9 | €30,903 | €46,395 | +€15,492 | +50.1% |
| Other amounts payable | 47/48 | €175,793 | €165,696 | -€10,097 | -5.7% |
| Accrued charges and deferred income | 492/3 | - | €96 | +€96 | |
| Remuneration, social security and pensions | 62 | €227,729 | €313,268 | +€85,539 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,688 | €43,436 | -€252 | -0.6% |
| Other operating charges | 640/8 | €1,720 | €1,507 | -€213 | -12.4% |
| Gross operating margin | 9900 | €267,508 | €235,492 | -€32,016 | -12.0% |
| Operating profit (loss) | 9901 | -€5,629 | -€122,719 | -€117,090 | -2,080% |
| Financial income | 75/76B | €272 | €1,084 | +€812 | +299% |
| Recurring financial income | 75 | €272 | €1,084 | +€812 | +299% |
| Financial charges | 65/66B | €15,709 | €1,702 | -€14,007 | -89.2% |
| Recurring financial charges | 65 | €15,709 | €1,702 | -€14,007 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,066 | -€123,338 | -€102,271 | -485% |
| Income taxes | 67/77 | €221 | €208 | -€13 | -5.8% |
| Profit (loss) for the period | 9904 | -€21,287 | -€123,546 | -€102,259 | -480% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,287 | -€123,546 | -€102,259 | -480% |
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 20 October 2026 via checked.be.