INBOKA: 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.
INBOKA
Largest movements
- Tangible fixed assets +€360,510
up €360,510 (+3,718%), from €9,696 to €370,206
of which Land and buildings: +€359,909
- Cash -€50,920
no longer reported in 2025 (was €50,920)
mainly Investment in fixed assets (net) (-€371,569) and Current investments (-€38,963)
- Current investments +€38,963
new in 2025: €38,963
- Receivables within one year -€38,715
down €38,715 (-62.8%), from €61,605 to €22,890
of which Trade receivables: -€35,476
- Deferred charges and accrued income -€7,403
no longer reported in 2025 (was €7,403)
- Debts after one year +€270,972
new in 2025: €270,972
- Profit (loss) carried forward +€19,747
up €19,747 (+22.4%), from €88,335 to €108,082
- Current portion of long-term debt +€14,960
new in 2025: €14,960
- Other operating charges +€45,850
up €45,850 (+18,522%), from €248 to €46,097
- Gross operating margin -€28,478
down €28,478 (-23.7%), from €120,270 to €91,791
- Taxes -€18,561
down €18,561 (-71.9%), from €25,803 to €7,242
- Depreciation +€6,881
up €6,881 (+165%), from €4,179 to €11,060
- Financial charges +€5,939
up €5,939 (+15,010%), from €40 to €5,979
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 | €130,587 | €433,022 | +€302,435 | +232% |
| Fixed assets | 21/28 | €9,696 | €370,206 | +€360,510 | +3,718% |
| Tangible fixed assets | 22/27 | €9,696 | €370,206 | +€360,510 | +3,718% |
| Land and buildings | 22 | - | €359,909 | +€359,909 | |
| Plant, machinery and equipment | 23 | €9,235 | €10,042 | +€807 | +8.7% |
| Furniture and vehicles | 24 | €461 | €255 | -€206 | -44.7% |
| Current assets | 29/58 | €120,891 | €62,817 | -€58,075 | -48.0% |
| Stocks and contracts in progress | 3 | €963 | €963 | = | 0.0% |
| Stocks | 30/36 | €963 | €963 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,605 | €22,890 | -€38,715 | -62.8% |
| Trade receivables | 40 | €57,408 | €21,933 | -€35,476 | -61.8% |
| Other amounts receivable | 41 | €4,197 | €958 | -€3,239 | -77.2% |
| Current investments | 50/53 | - | €38,963 | +€38,963 | |
| Cash at bank and in hand | 54/58 | €50,920 | - | -€50,920 | |
| Deferred charges and accrued income | 490/1 | €7,403 | - | -€7,403 | |
| Total equity and liabilities | 10/49 | €130,587 | €433,022 | +€302,435 | +232% |
| Equity | 10/15 | €108,795 | €128,542 | +€19,747 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,335 | €108,082 | +€19,747 | +22.4% |
| Amounts payable | 17/49 | €21,792 | €304,480 | +€282,688 | +1,297% |
| Amounts payable after more than one year | 17 | - | €270,972 | +€270,972 | |
| Financial debts | 170/4 | - | €270,972 | +€270,972 | |
| Amounts payable within one year | 42/48 | €21,792 | €33,508 | +€11,716 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | - | €14,960 | +€14,960 | |
| Trade debts | 44 | €3,630 | €3,604 | -€25 | -0.7% |
| Suppliers | 440/4 | €3,630 | €3,604 | -€25 | -0.7% |
| Taxes, remuneration and social security | 45 | €13,458 | €9,588 | -€3,870 | -28.8% |
| Taxes | 450/3 | €13,458 | €9,588 | -€3,870 | -28.8% |
| Other amounts payable | 47/48 | €4,704 | €5,356 | +€651 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,179 | €11,060 | +€6,881 | +165% |
| Other operating charges | 640/8 | €248 | €46,097 | +€45,850 | +18,522% |
| Gross operating margin | 9900 | €120,270 | €91,791 | -€28,478 | -23.7% |
| Operating profit (loss) | 9901 | €115,843 | €34,634 | -€81,209 | -70.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -72.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -72.2% |
| Financial charges | 65/66B | €40 | €5,979 | +€5,939 | +15,010% |
| Recurring financial charges | 65 | €40 | €5,979 | +€5,939 | +15,010% |
| Profit (loss) for the period before taxes | 9903 | €115,804 | €28,655 | -€87,148 | -75.3% |
| Income taxes | 67/77 | €25,803 | €7,242 | -€18,561 | -71.9% |
| Profit (loss) for the period | 9904 | €90,001 | €21,413 | -€68,587 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,001 | €21,413 | -€68,587 | -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 18 October 2026 via checked.be.