INBEMA: 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.
INBEMA
Largest movements
- Tangible fixed assets -€146,184
down €146,184 (-52.4%), from €279,178 to €132,994
- Cash +€145,604
up €145,604 (+94,352%), from €154 to €145,758
mainly Investment in fixed assets (net) (+€141,247) and Net result for the year (+€73,763)
- Receivables within one year -€39,571
down €39,571 (-80.4%), from €49,200 to €9,629
of which Trade receivables: -€27,375
- Debts after one year -€74,028
down €74,028 (-73.0%), from €101,461 to €27,434
of which Financial debts: -€59,028
- Reserves +€51,480
up €51,480 (+55.1%), from €93,359 to €144,839
of which Distributable reserves: +€43,339
- Tax, wage and social debts -€34,909
down €34,909 (-87.1%), from €40,057 to €5,148
- Profit (loss) carried forward +€22,283
up €22,283, from -€22,283 to €0
- Current portion of long-term debt -€6,036
down €6,036 (-48.3%), from €12,497 to €6,461
- Gross operating margin +€77,801
up €77,801 (+882%), from €8,825 to €86,626
- Taxes -€47,412
down €47,412 (-90.2%), from €52,560 to €5,148
- Depreciation -€4,438
down €4,438 (-47.3%), from €9,375 to €4,937
- Financial charges +€1,406
up €1,406 (+189%), from €744 to €2,150
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 | €328,532 | €288,381 | -€40,151 | -12.2% |
| Fixed assets | 21/28 | €279,178 | €132,994 | -€146,184 | -52.4% |
| Tangible fixed assets | 22/27 | €279,178 | €132,994 | -€146,184 | -52.4% |
| Land and buildings | 22 | €279,178 | €132,994 | -€146,184 | -52.4% |
| Current assets | 29/58 | €49,354 | €155,387 | +€106,033 | +215% |
| Amounts receivable within one year | 40/41 | €49,200 | €9,629 | -€39,571 | -80.4% |
| Trade receivables | 40 | €27,375 | €0 | -€27,375 | -100% |
| Other amounts receivable | 41 | €21,825 | €9,629 | -€12,196 | -55.9% |
| Cash at bank and in hand | 54/58 | €154 | €145,758 | +€145,604 | +94,352% |
| Total equity and liabilities | 10/49 | €328,532 | €288,381 | -€40,151 | -12.2% |
| Equity | 10/15 | €171,076 | €244,839 | +€73,763 | +43.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €93,359 | €144,839 | +€51,480 | +55.1% |
| Non-distributable reserves | 130/1 | €1,859 | €10,000 | +€8,141 | +438% |
| Legal reserve | 130 | €1,859 | €10,000 | +€8,141 | +438% |
| Distributable reserves | 133 | €91,500 | €134,839 | +€43,339 | +47.4% |
| Profit (loss) carried forward | 14 | -€22,283 | €0 | +€22,283 | |
| Amounts payable | 17/49 | €157,456 | €43,542 | -€113,914 | -72.3% |
| Amounts payable after more than one year | 17 | €101,461 | €27,434 | -€74,028 | -73.0% |
| Financial debts | 170/4 | €86,461 | €27,434 | -€59,028 | -68.3% |
| Other amounts payable | 178/9 | €15,000 | €0 | -€15,000 | -100% |
| Amounts payable within one year | 42/48 | €55,995 | €16,109 | -€39,886 | -71.2% |
| Current portion of amounts payable after more than one year | 42 | €12,497 | €6,461 | -€6,036 | -48.3% |
| Trade debts | 44 | €3,441 | €4,500 | +€1,058 | +30.8% |
| Suppliers | 440/4 | €3,441 | €4,500 | +€1,058 | +30.8% |
| Taxes, remuneration and social security | 45 | €40,057 | €5,148 | -€34,909 | -87.1% |
| Taxes | 450/3 | €40,057 | €5,148 | -€34,909 | -87.1% |
| Non-recurring operating income | 76A | - | €71,378 | +€71,378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,375 | €4,937 | -€4,438 | -47.3% |
| Other operating charges | 640/8 | €1,137 | €629 | -€508 | -44.7% |
| Gross operating margin | 9900 | €8,825 | €86,626 | +€77,801 | +882% |
| Operating profit (loss) | 9901 | -€1,687 | €81,061 | +€82,748 | |
| Financial charges | 65/66B | €744 | €2,150 | +€1,406 | +189% |
| Recurring financial charges | 65 | €744 | €2,150 | +€1,406 | +189% |
| Profit (loss) for the period before taxes | 9903 | -€2,431 | €78,911 | +€81,342 | |
| Income taxes | 67/77 | €52,560 | €5,148 | -€47,412 | -90.2% |
| Profit (loss) for the period | 9904 | -€54,990 | €73,763 | +€128,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,990 | €73,763 | +€128,753 |
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 14 October 2026 via checked.be.