INAS BELGIO: 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.
INAS BELGIO
Largest movements
- Cash -€15,145
down €15,145 (-9.3%), from €163,571 to €148,426
mainly Trade debts (-€25,100) and Debts after one year (-€25,000)
- Receivables within one year +€2,488
up €2,488 (+203%), from €1,226 to €3,714
of which Other amounts receivable: +€3,714
- Tangible fixed assets +€2,231
up €2,231 (+101%), from €2,217 to €4,448
- Profit (loss) carried forward +€58,809
up €58,809 (+21.9%), from -€267,966 to -€209,158
- Trade debts -€25,100
down €25,100 (-41.0%), from €61,186 to €36,086
- Debts after one year -€25,000
down €25,000 (-41.7%), from €60,000 to €35,000
- Current portion of long-term debt -€15,000
down €15,000 (-50.0%), from €30,000 to €15,000
- Tax, wage and social debts -€3,228
down €3,228 (-5.9%), from €54,863 to €51,634
of which Remuneration and social security: -€10,602
- Staff costs -€115,555
down €115,555 (-22.8%), from €507,231 to €391,676
- Gross operating margin -€102,812
down €102,812 (-18.5%), from €555,680 to €452,867
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 | €170,663 | €161,263 | -€9,400 | -5.5% |
| Fixed assets | 21/28 | €2,947 | €5,179 | +€2,231 | +75.7% |
| Tangible fixed assets | 22/27 | €2,217 | €4,448 | +€2,231 | +101% |
| Furniture and vehicles | 24 | €2,217 | €4,448 | +€2,231 | +101% |
| Financial fixed assets | 28 | €731 | €731 | = | 0.0% |
| Current assets | 29/58 | €167,716 | €156,085 | -€11,631 | -6.9% |
| Amounts receivable within one year | 40/41 | €1,226 | €3,714 | +€2,488 | +203% |
| Trade receivables | 40 | €1,226 | €0 | -€1,226 | -100% |
| Other amounts receivable | 41 | - | €3,714 | +€3,714 | |
| Cash at bank and in hand | 54/58 | €163,571 | €148,426 | -€15,145 | -9.3% |
| Deferred charges and accrued income | 490/1 | €2,919 | €3,945 | +€1,026 | +35.1% |
| Total equity and liabilities | 10/49 | €170,663 | €161,263 | -€9,400 | -5.5% |
| Equity | 10/15 | -€35,548 | €23,261 | +€58,809 | |
| Contributions | 10/11 | €167,686 | €167,686 | = | 0.0% |
| Capital | 10 | €167,686 | €167,686 | = | 0.0% |
| Reserves | 13 | €64,733 | €64,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€267,966 | -€209,158 | +€58,809 | +21.9% |
| Amounts payable | 17/49 | €206,211 | €138,003 | -€68,208 | -33.1% |
| Amounts payable after more than one year | 17 | €60,000 | €35,000 | -€25,000 | -41.7% |
| Financial debts | 170/4 | €60,000 | €35,000 | -€25,000 | -41.7% |
| Amounts payable within one year | 42/48 | €146,049 | €102,720 | -€43,328 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Trade debts | 44 | €61,186 | €36,086 | -€25,100 | -41.0% |
| Suppliers | 440/4 | €61,186 | €36,086 | -€25,100 | -41.0% |
| Taxes, remuneration and social security | 45 | €54,863 | €51,634 | -€3,228 | -5.9% |
| Taxes | 450/3 | €2,786 | €10,159 | +€7,374 | +265% |
| Remuneration and social security | 454/9 | €52,077 | €41,475 | -€10,602 | -20.4% |
| Accrued charges and deferred income | 492/3 | €162 | €282 | +€120 | +74.0% |
| Remuneration, social security and pensions | 62 | €507,231 | €391,676 | -€115,555 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €881 | €2,193 | +€1,312 | +149% |
| Other operating charges | 640/8 | €508 | €0 | -€508 | -100% |
| Gross operating margin | 9900 | €555,680 | €452,867 | -€102,812 | -18.5% |
| Operating profit (loss) | 9901 | €47,060 | €58,999 | +€11,939 | +25.4% |
| Financial income | 75/76B | €184 | €356 | +€171 | +92.8% |
| Recurring financial income | 75 | €184 | €356 | +€171 | +92.8% |
| Financial charges | 65/66B | €2,055 | €451 | -€1,603 | -78.0% |
| Recurring financial charges | 65 | €2,055 | €451 | -€1,603 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €45,189 | €58,903 | +€13,714 | +30.3% |
| Income taxes | 67/77 | €165 | €94 | -€70 | -42.6% |
| Profit (loss) for the period | 9904 | €45,025 | €58,809 | +€13,784 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,025 | €58,809 | +€13,784 | +30.6% |
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 18 October 2026 via checked.be.