INBUCO: 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.
INBUCO
Largest movements
- Receivables within one year -€26,123
down €26,123 (-28.5%), from €91,607 to €65,484
of which Trade receivables: -€25,167
- Cash +€18,937
up €18,937 (+137.8%), from €13,744 to €32,681
mainly Receivables within one year (+€26,123) and Depreciation (+€20,362)
- Tangible fixed assets -€15,920
down €15,920 (-24.0%), from €66,219 to €50,299
of which Furniture and vehicles: -€9,869
- Stocks and contracts +€4,568
up €4,568 (+150.9%), from €3,027 to €7,594
- Current portion of long-term debt -€10,895
no longer reported in 2025 (was €10,895)
- Trade debts -€4,255
down €4,255 (-52.5%), from €8,104 to €3,849
- Tax, wage and social debts -€2,086
down €2,086 (-94.8%), from €2,202 to €116
of which Taxes: -€2,086
- Gross operating margin -€22,224
down €22,224 (-13.7%), from €162,688 to €140,464
- Staff costs -€19,424
down €19,424 (-14.9%), from €130,777 to €111,353
- Depreciation -€8,230
down €8,230 (-28.8%), from €28,592 to €20,362
- Taxes +€2,108
up €2,108 (+301.6%), from €699 to €2,807
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 | €176,727 | €158,052 | -€18,675 | -10.6% |
| Fixed assets | 21/28 | €66,765 | €50,845 | -€15,920 | -23.8% |
| Tangible fixed assets | 22/27 | €66,219 | €50,299 | -€15,920 | -24.0% |
| Land and buildings | 22 | €42,743 | €39,263 | -€3,480 | -8.1% |
| Plant, machinery and equipment | 23 | €3,510 | €939 | -€2,571 | -73.3% |
| Furniture and vehicles | 24 | €19,966 | €10,097 | -€9,869 | -49.4% |
| Financial fixed assets | 28 | €545 | €545 | = | 0.0% |
| Current assets | 29/58 | €109,962 | €107,207 | -€2,755 | -2.5% |
| Stocks and contracts in progress | 3 | €3,027 | €7,594 | +€4,568 | +150.9% |
| Stocks | 30/36 | €3,027 | €7,594 | +€4,568 | +150.9% |
| Amounts receivable within one year | 40/41 | €91,607 | €65,484 | -€26,123 | -28.5% |
| Trade receivables | 40 | €89,054 | €63,887 | -€25,167 | -28.3% |
| Other amounts receivable | 41 | €2,553 | €1,596 | -€956 | -37.5% |
| Cash at bank and in hand | 54/58 | €13,744 | €32,681 | +€18,937 | +137.8% |
| Deferred charges and accrued income | 490/1 | €1,584 | €1,448 | -€136 | -8.6% |
| Total equity and liabilities | 10/49 | €176,727 | €158,052 | -€18,675 | -10.6% |
| Equity | 10/15 | €154,147 | €153,183 | -€963 | -0.6% |
| Contributions | 10/11 | €25,780 | €25,780 | = | 0.0% |
| Reserves | 13 | €74,578 | €74,578 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,578 | €2,578 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,578 | €2,578 | = | 0.0% |
| Distributable reserves | 133 | €72,000 | €72,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,789 | €52,825 | -€963 | -1.8% |
| Amounts payable | 17/49 | €22,580 | €4,868 | -€17,712 | -78.4% |
| Amounts payable within one year | 42/48 | €21,201 | €3,964 | -€17,237 | -81.3% |
| Current portion of amounts payable after more than one year | 42 | €10,895 | - | -€10,895 | |
| Trade debts | 44 | €8,104 | €3,849 | -€4,255 | -52.5% |
| Suppliers | 440/4 | €8,104 | €3,849 | -€4,255 | -52.5% |
| Taxes, remuneration and social security | 45 | €2,202 | €116 | -€2,086 | -94.8% |
| Taxes | 450/3 | €2,104 | €18 | -€2,086 | -99.1% |
| Remuneration and social security | 454/9 | €97 | €97 | -€0 | -0.2% |
| Accrued charges and deferred income | 492/3 | €1,379 | €904 | -€475 | -34.5% |
| Non-recurring operating income | 76A | - | €330 | +€330 | |
| Remuneration, social security and pensions | 62 | €130,777 | €111,353 | -€19,424 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,592 | €20,362 | -€8,230 | -28.8% |
| Other operating charges | 640/8 | €5,820 | €6,332 | +€512 | +8.8% |
| Gross operating margin | 9900 | €162,688 | €140,464 | -€22,224 | -13.7% |
| Operating profit (loss) | 9901 | -€2,501 | €2,417 | +€4,917 | |
| Financial income | 75/76B | €150 | €0 | -€150 | -99.8% |
| Recurring financial income | 75 | €150 | €0 | -€150 | -99.8% |
| Financial charges | 65/66B | €836 | €574 | -€263 | -31.4% |
| Recurring financial charges | 65 | €836 | €574 | -€263 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,187 | €1,844 | +€5,031 | |
| Income taxes | 67/77 | €699 | €2,807 | +€2,108 | +301.6% |
| Profit (loss) for the period | 9904 | -€3,886 | -€963 | +€2,923 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,886 | -€963 | +€2,923 | +75.2% |
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 8 October 2026 via checked.be.