INBOCO HOLDING: 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.
INBOCO HOLDING
Largest movements
- Receivables within one year -€7,260
down €7,260 (-70.8%), from €10,260 to €3,000
- Debts after one year -€43,497
down €43,497 (-11.9%), from €364,709 to €321,212
of which Financial debts: -€33,497
- Reserves +€27,732
up €27,732 (+49.5%), from €56,075 to €83,807
- Tax, wage and social debts +€9,042
up €9,042 (+28.4%), from €31,891 to €40,933
of which Taxes: +€8,879
- Depreciation +€2,627
up €2,627 (+57.2%), from €4,595 to €7,222
- Gross operating margin -€1,943
down €1,943 (-2.7%), from €71,436 to €69,492
- Taxes -€1,448
down €1,448 (-8.5%), from €17,019 to €15,571
- Financial charges +€1,382
up €1,382 (+9.6%), from €14,422 to €15,803
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 | €532,609 | €522,517 | -€10,093 | -1.9% |
| Fixed assets | 21/28 | €443,771 | €442,849 | -€922 | -0.2% |
| Tangible fixed assets | 22/27 | €18,771 | €17,849 | -€922 | -4.9% |
| Furniture and vehicles | 24 | €12,552 | €7,290 | -€5,263 | -41.9% |
| Other tangible fixed assets | 26 | €6,218 | €10,559 | +€4,341 | +69.8% |
| Financial fixed assets | 28 | €425,000 | €425,000 | = | 0.0% |
| Current assets | 29/58 | €88,839 | €79,668 | -€9,171 | -10.3% |
| Amounts receivable within one year | 40/41 | €10,260 | €3,000 | -€7,260 | -70.8% |
| Trade receivables | 40 | €10,260 | €3,000 | -€7,260 | -70.8% |
| Cash at bank and in hand | 54/58 | €78,579 | €76,668 | -€1,911 | -2.4% |
| Total equity and liabilities | 10/49 | €532,609 | €522,517 | -€10,093 | -1.9% |
| Equity | 10/15 | €66,075 | €93,807 | +€27,732 | +42.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €56,075 | €83,807 | +€27,732 | +49.5% |
| Distributable reserves | 133 | €56,075 | €83,807 | +€27,732 | +49.5% |
| Amounts payable | 17/49 | €466,534 | €428,709 | -€37,825 | -8.1% |
| Amounts payable after more than one year | 17 | €364,709 | €321,212 | -€43,497 | -11.9% |
| Financial debts | 170/4 | €354,709 | €321,212 | -€33,497 | -9.4% |
| Other amounts payable | 178/9 | €10,000 | - | -€10,000 | |
| Amounts payable within one year | 42/48 | €97,366 | €103,561 | +€6,195 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €57,247 | €58,511 | +€1,264 | +2.2% |
| Trade debts | 44 | €4,041 | - | -€4,041 | |
| Suppliers | 440/4 | €4,041 | - | -€4,041 | |
| Taxes, remuneration and social security | 45 | €31,891 | €40,933 | +€9,042 | +28.4% |
| Taxes | 450/3 | €30,691 | €39,569 | +€8,879 | +28.9% |
| Remuneration and social security | 454/9 | €1,200 | €1,364 | +€163 | +13.6% |
| Other amounts payable | 47/48 | €4,187 | €4,117 | -€70 | -1.7% |
| Accrued charges and deferred income | 492/3 | €4,459 | €3,936 | -€523 | -11.7% |
| Non-recurring operating income | 76A | €2,865 | - | -€2,865 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,595 | €7,222 | +€2,627 | +57.2% |
| Other operating charges | 640/8 | €1,792 | €1,498 | -€294 | -16.4% |
| Gross operating margin | 9900 | €71,436 | €69,492 | -€1,943 | -2.7% |
| Operating profit (loss) | 9901 | €65,048 | €60,772 | -€4,276 | -6.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €14,422 | €15,803 | +€1,382 | +9.6% |
| Recurring financial charges | 65 | €14,422 | €15,803 | +€1,382 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €50,627 | €44,969 | -€5,657 | -11.2% |
| Income taxes | 67/77 | €17,019 | €15,571 | -€1,448 | -8.5% |
| Profit (loss) for the period | 9904 | €33,608 | €29,398 | -€4,209 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,608 | €29,398 | -€4,209 | -12.5% |
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 16 October 2026 via checked.be.