INBOEDEL EXPRESS: 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.
INBOEDEL EXPRESS
Largest movements
- Receivables within one year +€12,665
up €12,665 (+221%), from €5,741 to €18,406
- Cash -€3,334
down €3,334 (-26.6%), from €12,554 to €9,220
mainly Receivables within one year (-€12,665) and Investment in fixed assets (net) (-€3,306)
- Tangible fixed assets +€1,431
up €1,431 (+90.4%), from €1,583 to €3,014
of which Plant, machinery and equipment: +€2,865
- Deferred charges and accrued income -€1,100
no longer reported in 2025 (was €1,100)
- Tax, wage and social debts +€13,245
up €13,245 (+95.5%), from €13,866 to €27,110
- Profit (loss) carried forward -€3,115
down €3,115 (-14.0%), from -€22,257 to -€25,372
- Other debts -€481
down €481 (-2.3%), from €20,714 to €20,233
- Gross operating margin -€21,077
down €21,077 (-99.8%), from €21,126 to €49
- Depreciation -€458
down €458 (-19.6%), from €2,332 to €1,875
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 | €25,414 | €34,978 | +€9,564 | +37.6% |
| Fixed assets | 21/28 | €1,583 | €3,014 | +€1,431 | +90.4% |
| Tangible fixed assets | 22/27 | €1,583 | €3,014 | +€1,431 | +90.4% |
| Plant, machinery and equipment | 23 | €149 | €3,014 | +€2,865 | +1,920% |
| Furniture and vehicles | 24 | €1,434 | - | -€1,434 | |
| Current assets | 29/58 | €23,831 | €31,963 | +€8,133 | +34.1% |
| Stocks and contracts in progress | 3 | €4,436 | €4,338 | -€98 | -2.2% |
| Stocks | 30/36 | €4,436 | €4,338 | -€98 | -2.2% |
| Amounts receivable within one year | 40/41 | €5,741 | €18,406 | +€12,665 | +221% |
| Trade receivables | 40 | €5,741 | €18,406 | +€12,665 | +221% |
| Cash at bank and in hand | 54/58 | €12,554 | €9,220 | -€3,334 | -26.6% |
| Deferred charges and accrued income | 490/1 | €1,100 | - | -€1,100 | |
| Total equity and liabilities | 10/49 | €25,414 | €34,978 | +€9,564 | +37.6% |
| Equity | 10/15 | -€12,257 | -€15,372 | -€3,115 | -25.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,257 | -€25,372 | -€3,115 | -14.0% |
| Amounts payable | 17/49 | €37,671 | €50,350 | +€12,679 | +33.7% |
| Amounts payable within one year | 42/48 | €37,671 | €50,350 | +€12,679 | +33.7% |
| Trade debts | 44 | €3,091 | €3,007 | -€85 | -2.7% |
| Suppliers | 440/4 | €3,091 | €3,007 | -€85 | -2.7% |
| Taxes, remuneration and social security | 45 | €13,866 | €27,110 | +€13,245 | +95.5% |
| Taxes | 450/3 | €13,866 | €27,110 | +€13,245 | +95.5% |
| Other amounts payable | 47/48 | €20,714 | €20,233 | -€481 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,332 | €1,875 | -€458 | -19.6% |
| Other operating charges | 640/8 | €919 | €1,015 | +€96 | +10.5% |
| Gross operating margin | 9900 | €21,126 | €49 | -€21,077 | -99.8% |
| Operating profit (loss) | 9901 | €17,874 | -€2,841 | -€20,716 | |
| Financial income | 75/76B | €47 | €13 | -€34 | -71.7% |
| Recurring financial income | 75 | €47 | €13 | -€34 | -71.7% |
| Financial charges | 65/66B | €358 | €287 | -€71 | -19.9% |
| Recurring financial charges | 65 | €358 | €287 | -€71 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €17,563 | -€3,115 | -€20,678 | |
| Profit (loss) for the period | 9904 | €17,563 | -€3,115 | -€20,678 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,563 | -€3,115 | -€20,678 |
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 24 October 2026 via checked.be.