INBAX: 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.
INBAX
Largest movements
- Cash -€2,174
down €2,174 (-21.9%), from €9,905 to €7,731
mainly Trade debts (-€8,088) and Tax, wage and social debts (-€2,523)
- Trade debts -€8,088
down €8,088 (-58.6%), from €13,805 to €5,717
- Other debts +€7,503
up €7,503 (+3,800%), from €197 to €7,701
- Tax, wage and social debts -€2,523
down €2,523 (-20.8%), from €12,126 to €9,603
of which Remuneration and social security: -€2,546
- Profit (loss) carried forward +€983
up €983 (+5.6%), from €17,560 to €18,543
- Staff costs +€50,734
up €50,734 (+102%), from €49,773 to €100,508
- Gross operating margin +€47,837
up €47,837 (+86.2%), from €55,467 to €103,304
- Other operating charges -€2,556
down €2,556 (-65.5%), from €3,903 to €1,346
- Taxes -€1,202
no longer reported in 2025 (was €1,202)
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 | €49,888 | €47,764 | -€2,125 | -4.3% |
| Fixed assets | 21/28 | €392 | - | -€392 | |
| Tangible fixed assets | 22/27 | €392 | - | -€392 | |
| Furniture and vehicles | 24 | €392 | - | -€392 | |
| Current assets | 29/58 | €49,497 | €47,764 | -€1,733 | -3.5% |
| Amounts receivable within one year | 40/41 | €39,592 | €40,033 | +€441 | +1.1% |
| Trade receivables | 40 | €36,828 | €35,780 | -€1,048 | -2.8% |
| Other amounts receivable | 41 | €2,764 | €4,253 | +€1,489 | +53.9% |
| Cash at bank and in hand | 54/58 | €9,905 | €7,731 | -€2,174 | -21.9% |
| Total equity and liabilities | 10/49 | €49,888 | €47,764 | -€2,125 | -4.3% |
| Equity | 10/15 | €23,760 | €24,743 | +€983 | +4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,560 | €18,543 | +€983 | +5.6% |
| Amounts payable | 17/49 | €26,128 | €23,021 | -€3,107 | -11.9% |
| Amounts payable within one year | 42/48 | €26,128 | €23,021 | -€3,107 | -11.9% |
| Trade debts | 44 | €13,805 | €5,717 | -€8,088 | -58.6% |
| Suppliers | 440/4 | €13,805 | €5,717 | -€8,088 | -58.6% |
| Taxes, remuneration and social security | 45 | €12,126 | €9,603 | -€2,523 | -20.8% |
| Taxes | 450/3 | - | €23 | +€23 | |
| Remuneration and social security | 454/9 | €12,126 | €9,580 | -€2,546 | -21.0% |
| Other amounts payable | 47/48 | €197 | €7,701 | +€7,503 | +3,800% |
| Remuneration, social security and pensions | 62 | €49,773 | €100,508 | +€50,734 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €392 | -€16 | -3.9% |
| Other operating charges | 640/8 | €3,903 | €1,346 | -€2,556 | -65.5% |
| Gross operating margin | 9900 | €55,467 | €103,304 | +€47,837 | +86.2% |
| Operating profit (loss) | 9901 | €1,383 | €1,058 | -€325 | -23.5% |
| Financial income | 75/76B | €480 | €1 | -€478 | -99.8% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2,850% |
| Non-recurring financial income | 76B | €480 | - | -€480 | |
| Financial charges | 65/66B | €103 | €76 | -€27 | -25.9% |
| Recurring financial charges | 65 | €103 | €76 | -€27 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €1,760 | €983 | -€777 | -44.1% |
| Income taxes | 67/77 | €1,202 | - | -€1,202 | |
| Profit (loss) for the period | 9904 | €558 | €983 | +€425 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €558 | €983 | +€425 | +76.2% |
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 13 October 2026 via checked.be.