INBA: 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.
INBA
Largest movements
- Cash +€29,223
up €29,223 (+53.9%), from €54,206 to €83,429
mainly Depreciation (+€20,677) and Stocks and contracts (+€13,703)
- Stocks and contracts -€13,703
down €13,703 (-84.6%), from €16,203 to €2,500
- Receivables within one year -€9,346
down €9,346 (-8.5%), from €109,690 to €100,344
of which Trade receivables: -€12,051
- Tangible fixed assets -€8,177
down €8,177 (-14.4%), from €56,767 to €48,590
- Debts after one year -€6,712
down €6,712 (-27.1%), from €24,722 to €18,010
- Tax, wage and social debts +€6,476
up €6,476 (+112.9%), from €5,737 to €12,213
of which Taxes: +€9,377
- Other debts -€3,086
down €3,086 (-2.1%), from €148,658 to €145,572
- Depreciation +€5,376
up €5,376 (+35.1%), from €15,301 to €20,677
- Gross operating margin +€3,719
up €3,719 (+11.8%), from €31,423 to €35,142
- Staff costs -€1,721
down €1,721 (-12.5%), from €13,793 to €12,072
- Other operating charges +€1,503
up €1,503 (+94.1%), from €1,597 to €3,100
- Financial charges +€517
up €517 (+41.8%), from €1,237 to €1,754
of which Financial charges: +€358
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 | €237,447 | €235,443 | -€2,004 | -0.8% |
| Fixed assets | 21/28 | €57,347 | €49,170 | -€8,177 | -14.3% |
| Tangible fixed assets | 22/27 | €56,767 | €48,590 | -€8,177 | -14.4% |
| Plant, machinery and equipment | 23 | €9,481 | €5,974 | -€3,507 | -37.0% |
| Furniture and vehicles | 24 | €37,296 | €34,674 | -€2,622 | -7.0% |
| Leasing and similar rights | 25 | €9,990 | €7,942 | -€2,048 | -20.5% |
| Financial fixed assets | 28 | €580 | €580 | = | 0.0% |
| Current assets | 29/58 | €180,100 | €186,273 | +€6,173 | +3.4% |
| Stocks and contracts in progress | 3 | €16,203 | €2,500 | -€13,703 | -84.6% |
| Stocks | 30/36 | €16,203 | €2,500 | -€13,703 | -84.6% |
| Amounts receivable within one year | 40/41 | €109,690 | €100,344 | -€9,346 | -8.5% |
| Trade receivables | 40 | €47,906 | €35,855 | -€12,051 | -25.2% |
| Other amounts receivable | 41 | €61,784 | €64,489 | +€2,705 | +4.4% |
| Cash at bank and in hand | 54/58 | €54,206 | €83,429 | +€29,223 | +53.9% |
| Deferred charges and accrued income | 490/1 | €1 | - | -€1 | |
| Total equity and liabilities | 10/49 | €237,447 | €235,443 | -€2,004 | -0.8% |
| Equity | 10/15 | €50,270 | €50,477 | +€207 | +0.4% |
| Contributions | 10/11 | €7,700 | €7,700 | = | 0.0% |
| Reserves | 13 | €47,345 | €47,345 | = | 0.0% |
| Distributable reserves | 133 | €47,345 | €47,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,775 | -€4,568 | +€207 | +4.3% |
| Amounts payable | 17/49 | €187,177 | €184,966 | -€2,211 | -1.2% |
| Amounts payable after more than one year | 17 | €24,722 | €18,010 | -€6,712 | -27.1% |
| Financial debts | 170/4 | €24,722 | €18,010 | -€6,712 | -27.1% |
| Amounts payable within one year | 42/48 | €162,159 | €165,157 | +€2,998 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €6,446 | €6,711 | +€265 | +4.1% |
| Trade debts | 44 | €1,318 | €661 | -€657 | -49.8% |
| Suppliers | 440/4 | €1,318 | €661 | -€657 | -49.8% |
| Taxes, remuneration and social security | 45 | €5,737 | €12,213 | +€6,476 | +112.9% |
| Taxes | 450/3 | €937 | €10,314 | +€9,377 | +1000.7% |
| Remuneration and social security | 454/9 | €4,800 | €1,899 | -€2,901 | -60.4% |
| Other amounts payable | 47/48 | €148,658 | €145,572 | -€3,086 | -2.1% |
| Accrued charges and deferred income | 492/3 | €296 | €1,799 | +€1,503 | +507.8% |
| Remuneration, social security and pensions | 62 | €13,793 | €12,072 | -€1,721 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,301 | €20,677 | +€5,376 | +35.1% |
| Other operating charges | 640/8 | €1,597 | €3,100 | +€1,503 | +94.1% |
| Non-recurring operating charges | 66A | €452 | - | -€452 | |
| Gross operating margin | 9900 | €31,423 | €35,142 | +€3,719 | +11.8% |
| Operating profit (loss) | 9901 | €280 | -€707 | -€987 | |
| Financial income | 75/76B | €3,728 | €3,407 | -€321 | -8.6% |
| Recurring financial income | 75 | €3,728 | €3,407 | -€321 | -8.6% |
| Financial charges | 65/66B | €1,237 | €1,754 | +€517 | +41.8% |
| Recurring financial charges | 65 | €1,237 | €1,595 | +€358 | +28.9% |
| Non-recurring financial charges | 66B | - | €159 | +€159 | |
| Profit (loss) for the period before taxes | 9903 | €2,771 | €946 | -€1,825 | -65.9% |
| Income taxes | 67/77 | €635 | €739 | +€104 | +16.4% |
| Profit (loss) for the period | 9904 | €2,136 | €207 | -€1,929 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,136 | €207 | -€1,929 | -90.3% |
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 1 October 2026 via checked.be.