INAN DONER: 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.
INAN DONER
Largest movements
- Receivables within one year +€143,360
up €143,360 (+144%), from €99,550 to €242,910
of which Trade receivables: +€143,360
- Cash -€36,615
down €36,615 (-87.9%), from €41,668 to €5,053
mainly Receivables within one year (-€143,360) and Trade debts (-€45,278)
- Tangible fixed assets +€15,703
up €15,703 (+175%), from €8,975 to €24,679
of which Furniture and vehicles: +€13,473
- Stocks and contracts -€8,801
down €8,801 (-12.9%), from €68,183 to €59,382
- Reserves +€80,917
up €80,917 (+154%), from €52,638 to €133,555
- Tax, wage and social debts +€50,115
up €50,115 (+334%), from €14,984 to €65,099
of which Taxes: +€42,372
- Trade debts -€45,278
down €45,278 (-29.4%), from €154,166 to €108,889
- Profit (loss) carried forward +€19,144
no longer reported in 2025 (was -€19,144)
- Current portion of long-term debt +€5,934
up €5,934 (+177%), from €3,352 to €9,287
- Gross operating margin +€124,181
up €124,181 (+305%), from €40,776 to €164,958
- Taxes +€34,345
up €34,345 (+1,138%), from €3,019 to €37,364
- Staff costs +€5,972
up €5,972 (+60.4%), from €9,889 to €15,861
- Depreciation +€5,620
up €5,620 (+2,034%), from €276 to €5,897
- Financial charges +€1,975
up €1,975 (+691%), from €286 to €2,260
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 | €218,376 | €332,533 | +€114,157 | +52.3% |
| Fixed assets | 21/28 | €8,975 | €24,889 | +€15,913 | +177% |
| Tangible fixed assets | 22/27 | €8,975 | €24,679 | +€15,703 | +175% |
| Plant, machinery and equipment | 23 | €8,975 | €11,206 | +€2,230 | +24.8% |
| Furniture and vehicles | 24 | - | €13,473 | +€13,473 | |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €209,401 | €307,645 | +€98,244 | +46.9% |
| Stocks and contracts in progress | 3 | €68,183 | €59,382 | -€8,801 | -12.9% |
| Stocks | 30/36 | €68,183 | €59,382 | -€8,801 | -12.9% |
| Amounts receivable within one year | 40/41 | €99,550 | €242,910 | +€143,360 | +144% |
| Trade receivables | 40 | €97,850 | €241,210 | +€143,360 | +147% |
| Other amounts receivable | 41 | €1,700 | €1,700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,668 | €5,053 | -€36,615 | -87.9% |
| Deferred charges and accrued income | 490/1 | - | €299 | +€299 | |
| Total equity and liabilities | 10/49 | €218,376 | €332,533 | +€114,157 | +52.3% |
| Equity | 10/15 | €41,494 | €141,555 | +€100,061 | +241% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €52,638 | €133,555 | +€80,917 | +154% |
| Distributable reserves | 133 | €52,638 | €133,555 | +€80,917 | +154% |
| Profit (loss) carried forward | 14 | -€19,144 | - | +€19,144 | |
| Amounts payable | 17/49 | €176,882 | €190,979 | +€14,096 | +8.0% |
| Amounts payable after more than one year | 17 | - | €3,295 | +€3,295 | |
| Financial debts | 170/4 | - | €3,295 | +€3,295 | |
| Amounts payable within one year | 42/48 | €176,882 | €187,684 | +€10,802 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €3,352 | €9,287 | +€5,934 | +177% |
| Trade debts | 44 | €154,166 | €108,889 | -€45,278 | -29.4% |
| Suppliers | 440/4 | €154,166 | €108,889 | -€45,278 | -29.4% |
| Taxes, remuneration and social security | 45 | €14,984 | €65,099 | +€50,115 | +334% |
| Taxes | 450/3 | €7,461 | €49,833 | +€42,372 | +568% |
| Remuneration and social security | 454/9 | €7,524 | €15,266 | +€7,743 | +103% |
| Other amounts payable | 47/48 | €4,379 | €4,409 | +€30 | +0.7% |
| Remuneration, social security and pensions | 62 | €9,889 | €15,861 | +€5,972 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276 | €5,897 | +€5,620 | +2,034% |
| Other operating charges | 640/8 | €1,116 | €625 | -€491 | -44.0% |
| Non-recurring operating charges | 66A | €26,227 | €2,990 | -€23,237 | -88.6% |
| Gross operating margin | 9900 | €40,776 | €164,958 | +€124,181 | +305% |
| Operating profit (loss) | 9901 | €3,269 | €139,585 | +€136,317 | +4,170% |
| Financial income | 75/76B | €15 | €100 | +€85 | +549% |
| Recurring financial income | 75 | €15 | €100 | +€85 | +549% |
| Financial charges | 65/66B | €286 | €2,260 | +€1,975 | +691% |
| Recurring financial charges | 65 | €286 | €2,260 | +€1,975 | +691% |
| Profit (loss) for the period before taxes | 9903 | €2,998 | €137,425 | +€134,427 | +4,483% |
| Income taxes | 67/77 | €3,019 | €37,364 | +€34,345 | +1,138% |
| Profit (loss) for the period | 9904 | -€21 | €100,061 | +€100,082 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21 | €100,061 | +€100,082 |
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 31 October 2026 via checked.be.