INATEC: 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.
INATEC
Largest movements
- Receivables within one year -€16,449
down €16,449 (-37.7%), from €43,662 to €27,213
of which Trade receivables: -€19,451
- Tangible fixed assets -€12,110
down €12,110 (-35.5%), from €34,119 to €22,010
of which Furniture and vehicles: -€10,988
- Cash +€11,877
up €11,877 (+21.6%), from €55,018 to €66,895
mainly Receivables within one year (+€16,449) and Depreciation (+€12,110)
- Debts after one year -€6,301
down €6,301 (-14.6%), from €43,115 to €36,814
of which Financial debts: -€6,301
- Reserves -€5,276
down €5,276 (-10.5%), from €50,016 to €44,740
- Tax, wage and social debts -€2,918
down €2,918 (-17.6%), from €16,542 to €13,624
of which Taxes: -€2,918
- Trade debts -€2,216
no longer reported in 2025 (was €2,216)
- Gross operating margin -€18,569
down €18,569 (-62.3%), from €29,796 to €11,227
- Taxes -€3,841
no longer reported in 2025 (was €3,841)
- Financial charges -€552
down €552 (-16.1%), from €3,427 to €2,876
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 | €133,992 | €117,363 | -€16,629 | -12.4% |
| Fixed assets | 21/28 | €34,119 | €22,010 | -€12,110 | -35.5% |
| Tangible fixed assets | 22/27 | €34,119 | €22,010 | -€12,110 | -35.5% |
| Plant, machinery and equipment | 23 | €3,306 | €2,185 | -€1,122 | -33.9% |
| Furniture and vehicles | 24 | €30,813 | €19,825 | -€10,988 | -35.7% |
| Current assets | 29/58 | €99,872 | €95,353 | -€4,519 | -4.5% |
| Amounts receivable within one year | 40/41 | €43,662 | €27,213 | -€16,449 | -37.7% |
| Trade receivables | 40 | €43,662 | €24,211 | -€19,451 | -44.5% |
| Other amounts receivable | 41 | - | €3,002 | +€3,002 | |
| Cash at bank and in hand | 54/58 | €55,018 | €66,895 | +€11,877 | +21.6% |
| Deferred charges and accrued income | 490/1 | €1,193 | €1,245 | +€53 | +4.4% |
| Total equity and liabilities | 10/49 | €133,992 | €117,363 | -€16,629 | -12.4% |
| Equity | 10/15 | €62,429 | €57,153 | -€5,276 | -8.5% |
| Contributions | 10/11 | €12,413 | €12,413 | = | 0.0% |
| Reserves | 13 | €50,016 | €44,740 | -€5,276 | -10.5% |
| Distributable reserves | 133 | €50,016 | €44,740 | -€5,276 | -10.5% |
| Amounts payable | 17/49 | €71,563 | €60,210 | -€11,353 | -15.9% |
| Amounts payable after more than one year | 17 | €43,115 | €36,814 | -€6,301 | -14.6% |
| Financial debts | 170/4 | €11,765 | €5,464 | -€6,301 | -53.6% |
| Other amounts payable | 178/9 | €31,350 | €31,350 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,688 | €21,842 | -€4,846 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €6,032 | €6,301 | +€268 | +4.4% |
| Trade debts | 44 | €2,216 | - | -€2,216 | |
| Suppliers | 440/4 | €2,216 | - | -€2,216 | |
| Taxes, remuneration and social security | 45 | €16,542 | €13,624 | -€2,918 | -17.6% |
| Taxes | 450/3 | €12,942 | €10,024 | -€2,918 | -22.5% |
| Remuneration and social security | 454/9 | €3,600 | €3,600 | = | 0.0% |
| Other amounts payable | 47/48 | €1,898 | €1,917 | +€20 | +1.0% |
| Accrued charges and deferred income | 492/3 | €1,760 | €1,554 | -€206 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,110 | €12,110 | = | 0.0% |
| Other operating charges | 640/8 | €663 | €681 | +€17 | +2.6% |
| Gross operating margin | 9900 | €29,796 | €11,227 | -€18,569 | -62.3% |
| Operating profit (loss) | 9901 | €17,023 | -€1,563 | -€18,586 | |
| Financial income | 75/76B | €111 | €24 | -€88 | -78.7% |
| Recurring financial income | 75 | €111 | €24 | -€88 | -78.7% |
| Financial charges | 65/66B | €3,427 | €2,876 | -€552 | -16.1% |
| Recurring financial charges | 65 | €3,427 | €2,876 | -€552 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €13,707 | -€4,416 | -€18,122 | |
| Income taxes | 67/77 | €3,841 | - | -€3,841 | |
| Profit (loss) for the period | 9904 | €9,865 | -€4,416 | -€14,281 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,865 | -€4,416 | -€14,281 |
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 10 October 2026 via checked.be.