INARIS: 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.
INARIS
Largest movements
- Cash -€24,626
down €24,626 (-59.9%), from €41,130 to €16,505
mainly Contributions, distributions and other (-€96,055) and Investment in fixed assets (net) (-€8,290)
- Receivables within one year +€4,313
up €4,313 (+17.5%), from €24,622 to €28,935
of which Trade receivables: +€7,044
- Reserves -€20,672
down €20,672 (-21.5%), from €96,055 to €75,383
- Tax, wage and social debts +€11,331
up €11,331 (+13,240%), from €86 to €11,416
- Debts after one year -€7,685
down €7,685 (-25.5%), from €30,106 to €22,420
- Trade debts -€2,731
down €2,731 (-87.9%), from €3,108 to €377
- Gross operating margin +€12,871
up €12,871 (+13.8%), from €93,271 to €106,142
- Depreciation +€2,032
up €2,032 (+33.0%), from €6,159 to €8,191
- Taxes +€1,902
up €1,902 (+10.3%), from €18,384 to €20,286
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.
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 | €140,742 | €120,282 | -€20,460 | -14.5% |
| Fixed assets | 21/28 | €73,629 | €73,728 | +€99 | +0.1% |
| Tangible fixed assets | 22/27 | €73,629 | €73,728 | +€99 | +0.1% |
| Land and buildings | 22 | €65,615 | €63,464 | -€2,151 | -3.3% |
| Furniture and vehicles | 24 | €8,013 | €10,264 | +€2,250 | +28.1% |
| Current assets | 29/58 | €67,114 | €46,554 | -€20,559 | -30.6% |
| Amounts receivable within one year | 40/41 | €24,622 | €28,935 | +€4,313 | +17.5% |
| Trade receivables | 40 | €20,190 | €27,234 | +€7,044 | +34.9% |
| Other amounts receivable | 41 | €4,432 | €1,702 | -€2,731 | -61.6% |
| Cash at bank and in hand | 54/58 | €41,130 | €16,505 | -€24,626 | -59.9% |
| Deferred charges and accrued income | 490/1 | €1,361 | €1,114 | -€247 | -18.1% |
| Total equity and liabilities | 10/49 | €140,742 | €120,282 | -€20,460 | -14.5% |
| Equity | 10/15 | €99,055 | €78,383 | -€20,672 | -20.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €96,055 | €75,383 | -€20,672 | -21.5% |
| Distributable reserves | 133 | €96,055 | €75,383 | -€20,672 | -21.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,687 | €41,899 | +€212 | +0.5% |
| Amounts payable after more than one year | 17 | €30,106 | €22,420 | -€7,685 | -25.5% |
| Financial debts | 170/4 | €30,106 | €22,420 | -€7,685 | -25.5% |
| Amounts payable within one year | 42/48 | €11,301 | €19,478 | +€8,177 | +72.4% |
| Current portion of amounts payable after more than one year | 42 | €7,569 | €7,685 | +€116 | +1.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,108 | €377 | -€2,731 | -87.9% |
| Suppliers | 440/4 | €3,108 | €377 | -€2,731 | -87.9% |
| Taxes, remuneration and social security | 45 | €86 | €11,416 | +€11,331 | +13,240% |
| Taxes | 450/3 | €86 | €11,416 | +€11,331 | +13,240% |
| Other amounts payable | 47/48 | €538 | €0 | -€538 | -100% |
| Accrued charges and deferred income | 492/3 | €280 | €0 | -€280 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,159 | €8,191 | +€2,032 | +33.0% |
| Other operating charges | 640/8 | €606 | €914 | +€308 | +50.8% |
| Gross operating margin | 9900 | €93,271 | €106,142 | +€12,871 | +13.8% |
| Operating profit (loss) | 9901 | €86,506 | €97,037 | +€10,531 | +12.2% |
| Financial income | 75/76B | €0 | €48 | +€48 | |
| Recurring financial income | 75 | €0 | €48 | +€48 | |
| Financial charges | 65/66B | €1,601 | €1,416 | -€185 | -11.6% |
| Recurring financial charges | 65 | €1,601 | €1,416 | -€185 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €84,905 | €95,669 | +€10,764 | +12.7% |
| Income taxes | 67/77 | €18,384 | €20,286 | +€1,902 | +10.3% |
| Profit (loss) for the period | 9904 | €66,521 | €75,383 | +€8,862 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,521 | €75,383 | +€8,862 | +13.3% |
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 17 October 2026 via checked.be.