InBo: 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.
InBo
Largest movements
- Tangible fixed assets +€23,298
up €23,298 (+124.0%), from €18,784 to €42,082
of which Other tangible fixed assets: +€23,800
- Cash -€8,201
down €8,201 (-9.5%), from €86,283 to €78,082
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€28,415)
- Profit (loss) carried forward +€21,919
up €21,919 (+16.2%), from €135,074 to €156,993
- Tax, wage and social debts -€9,685
down €9,685 (-25.5%), from €37,956 to €28,271
- Accrued charges and deferred income +€2,102
new in 2025: €2,102
- Gross operating margin +€60,708
up €60,708 (+58.1%), from €104,497 to €165,205
- Taxes +€14,281
up €14,281 (+65.8%), from €21,704 to €35,985
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 | €179,247 | €194,658 | +€15,412 | +8.6% |
| Fixed assets | 21/28 | €19,034 | €42,332 | +€23,298 | +122.4% |
| Tangible fixed assets | 22/27 | €18,784 | €42,082 | +€23,298 | +124.0% |
| Plant, machinery and equipment | 23 | - | €2,822 | +€2,822 | |
| Furniture and vehicles | 24 | €10,177 | €6,853 | -€3,324 | -32.7% |
| Other tangible fixed assets | 26 | €8,607 | €32,407 | +€23,800 | +276.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €160,213 | €152,326 | -€7,886 | -4.9% |
| Amounts receivable within one year | 40/41 | €72,390 | €72,373 | -€17 | 0.0% |
| Trade receivables | 40 | €72,390 | €72,242 | -€148 | -0.2% |
| Other amounts receivable | 41 | - | €131 | +€131 | |
| Cash at bank and in hand | 54/58 | €86,283 | €78,082 | -€8,201 | -9.5% |
| Deferred charges and accrued income | 490/1 | €1,539 | €1,871 | +€331 | +21.5% |
| Total equity and liabilities | 10/49 | €179,247 | €194,658 | +€15,412 | +8.6% |
| Equity | 10/15 | €140,394 | €162,313 | +€21,919 | +15.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,320 | €3,320 | = | 0.0% |
| Distributable reserves | 133 | €3,320 | €3,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,074 | €156,993 | +€21,919 | +16.2% |
| Amounts payable | 17/49 | €38,852 | €32,345 | -€6,507 | -16.7% |
| Amounts payable within one year | 42/48 | €38,852 | €30,243 | -€8,609 | -22.2% |
| Trade debts | 44 | €496 | €1,782 | +€1,286 | +259.2% |
| Suppliers | 440/4 | €496 | €1,782 | +€1,286 | +259.2% |
| Taxes, remuneration and social security | 45 | €37,956 | €28,271 | -€9,685 | -25.5% |
| Taxes | 450/3 | €37,956 | €28,271 | -€9,685 | -25.5% |
| Other amounts payable | 47/48 | €400 | €190 | -€210 | -52.5% |
| Accrued charges and deferred income | 492/3 | - | €2,102 | +€2,102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,535 | €5,117 | +€1,582 | +44.7% |
| Other operating charges | 640/8 | €493 | €689 | +€197 | +39.9% |
| Gross operating margin | 9900 | €104,497 | €165,205 | +€60,708 | +58.1% |
| Operating profit (loss) | 9901 | €100,469 | €159,399 | +€58,930 | +58.7% |
| Financial income | 75/76B | €380 | €387 | +€7 | +1.7% |
| Recurring financial income | 75 | €380 | €387 | +€7 | +1.7% |
| Financial charges | 65/66B | €330 | €1,883 | +€1,553 | +470.8% |
| Recurring financial charges | 65 | €330 | €1,883 | +€1,553 | +470.8% |
| Profit (loss) for the period before taxes | 9903 | €100,520 | €157,904 | +€57,384 | +57.1% |
| Income taxes | 67/77 | €21,704 | €35,985 | +€14,281 | +65.8% |
| Profit (loss) for the period | 9904 | €78,816 | €121,919 | +€43,103 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €78,816 | €121,919 | +€43,103 | +54.7% |
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 2 October 2026 via checked.be.