INANCO: 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.
INANCO
Largest movements
- Cash +€9,429
up €9,429 (+22.8%), from €41,355 to €50,784
mainly Depreciation (+€8,441) and Net result for the year (+€7,476)
- Tangible fixed assets -€8,441
down €8,441 (-2.8%), from €298,507 to €290,066
- Debts after one year -€7,944
down €7,944 (-2.8%), from €281,259 to €273,315
- Profit (loss) carried forward +€4,801
no longer reported in 2025 (was -€4,801)
- Gross operating margin +€3,160
up €3,160 (+16.7%), from €18,923 to €22,083
- Taxes +€1,046
up €1,046 (+26150.0%), from €4 to €1,050
- Financial charges -€353
down €353 (-8.8%), from €4,031 to €3,678
- Other operating charges -€337
down €337 (-16.4%), from €2,061 to €1,724
- Financial income +€252
up €252 (+741.2%), from €34 to €286
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €340,555 | €340,850 | +€295 | +0.1% |
| Fixed assets | 21/28 | €298,507 | €290,066 | -€8,441 | -2.8% |
| Tangible fixed assets | 22/27 | €298,507 | €290,066 | -€8,441 | -2.8% |
| Land and buildings | 22 | €298,507 | €290,066 | -€8,441 | -2.8% |
| Current assets | 29/58 | €42,048 | €50,784 | +€8,736 | +20.8% |
| Cash at bank and in hand | 54/58 | €41,355 | €50,784 | +€9,429 | +22.8% |
| Deferred charges and accrued income | 490/1 | €693 | - | -€693 | |
| Total equity and liabilities | 10/49 | €340,555 | €340,850 | +€295 | +0.1% |
| Equity | 10/15 | €40,199 | €47,675 | +€7,476 | +18.6% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | - | €2,675 | +€2,675 | |
| Distributable reserves | 133 | - | €2,675 | +€2,675 | |
| Profit (loss) carried forward | 14 | -€4,801 | - | +€4,801 | |
| Amounts payable | 17/49 | €300,356 | €293,175 | -€7,181 | -2.4% |
| Amounts payable after more than one year | 17 | €281,259 | €273,315 | -€7,944 | -2.8% |
| Financial debts | 170/4 | €281,259 | €273,315 | -€7,944 | -2.8% |
| Amounts payable within one year | 42/48 | €19,097 | €19,860 | +€763 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €14,223 | €14,610 | +€387 | +2.7% |
| Taxes, remuneration and social security | 45 | - | €1,050 | +€1,050 | |
| Taxes | 450/3 | - | €1,050 | +€1,050 | |
| Other amounts payable | 47/48 | €4,874 | €4,200 | -€674 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,448 | €8,441 | -€7 | -0.1% |
| Other operating charges | 640/8 | €2,061 | €1,724 | -€337 | -16.4% |
| Gross operating margin | 9900 | €18,923 | €22,083 | +€3,160 | +16.7% |
| Operating profit (loss) | 9901 | €8,414 | €11,918 | +€3,504 | +41.6% |
| Financial income | 75/76B | €34 | €286 | +€252 | +741.2% |
| Recurring financial income | 75 | €34 | €286 | +€252 | +741.2% |
| Financial charges | 65/66B | €4,031 | €3,678 | -€353 | -8.8% |
| Recurring financial charges | 65 | €4,031 | €3,678 | -€353 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €4,417 | €8,526 | +€4,109 | +93.0% |
| Income taxes | 67/77 | €4 | €1,050 | +€1,046 | +26150.0% |
| Profit (loss) for the period | 9904 | €4,413 | €7,476 | +€3,063 | +69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,413 | €7,476 | +€3,063 | +69.4% |
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 3 October 2026 via checked.be.