INBUDEC: 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.
INBUDEC
Largest movements
- Cash -€70,507
down €70,507 (-84.5%), from €83,440 to €12,933
mainly Net result for the year (-€100,738) and Debts after one year (-€33,422)
- Tangible fixed assets -€21,390
down €21,390 (-2.5%), from €853,043 to €831,653
of which Land and buildings: -€18,275
- Profit (loss) carried forward -€101,073
down €101,073 (-143.9%), from -€70,223 to -€171,296
- Other debts +€48,411
up €48,411 (+7.3%), from €664,961 to €713,373
- Debts after one year -€33,422
down €33,422 (-10.4%), from €322,895 to €289,473
- Gross operating margin -€109,952
down €109,952, from €63,443 to -€46,509
- Financial charges -€7,400
down €7,400 (-42.6%), from €17,376 to €9,975
- Depreciation +€5,973
up €5,973 (+33.2%), from €18,001 to €23,974
- Other operating charges -€988
down €988 (-4.7%), from €21,048 to €20,060
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 | €1,010,212 | €917,567 | -€92,645 | -9.2% |
| Fixed assets | 21/28 | €920,370 | €902,955 | -€17,415 | -1.9% |
| Tangible fixed assets | 22/27 | €853,043 | €831,653 | -€21,390 | -2.5% |
| Land and buildings | 22 | €832,287 | €814,011 | -€18,275 | -2.2% |
| Furniture and vehicles | 24 | €20,756 | €17,642 | -€3,115 | -15.0% |
| Financial fixed assets | 28 | €67,327 | €71,302 | +€3,975 | +5.9% |
| Current assets | 29/58 | €89,842 | €14,613 | -€75,230 | -83.7% |
| Amounts receivable within one year | 40/41 | €520 | €684 | +€164 | +31.6% |
| Trade receivables | 40 | €50 | - | -€50 | |
| Other amounts receivable | 41 | €470 | €684 | +€214 | +45.6% |
| Current investments | 50/53 | €995 | €995 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €83,440 | €12,933 | -€70,507 | -84.5% |
| Deferred charges and accrued income | 490/1 | €4,887 | - | -€4,887 | |
| Total equity and liabilities | 10/49 | €1,010,212 | €917,567 | -€92,645 | -9.2% |
| Equity | 10/15 | -€20,223 | -€121,296 | -€101,073 | -499.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,223 | -€171,296 | -€101,073 | -143.9% |
| Amounts payable | 17/49 | €1,030,435 | €1,038,863 | +€8,428 | +0.8% |
| Amounts payable after more than one year | 17 | €322,895 | €289,473 | -€33,422 | -10.4% |
| Financial debts | 170/4 | €322,895 | €289,473 | -€33,422 | -10.4% |
| Amounts payable within one year | 42/48 | €707,540 | €749,390 | +€41,850 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €40,316 | €35,677 | -€4,639 | -11.5% |
| Trade debts | 44 | €2,047 | €121 | -€1,926 | -94.1% |
| Suppliers | 440/4 | €2,047 | €121 | -€1,926 | -94.1% |
| Taxes, remuneration and social security | 45 | €217 | €220 | +€3 | +1.6% |
| Taxes | 450/3 | €217 | €220 | +€3 | +1.6% |
| Other amounts payable | 47/48 | €664,961 | €713,373 | +€48,411 | +7.3% |
| Non-recurring operating income | 76A | €75,237 | - | -€75,237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,001 | €23,974 | +€5,973 | +33.2% |
| Other operating charges | 640/8 | €21,048 | €20,060 | -€988 | -4.7% |
| Gross operating margin | 9900 | €63,443 | -€46,509 | -€109,952 | |
| Operating profit (loss) | 9901 | €24,394 | -€90,543 | -€114,937 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €17,376 | €9,975 | -€7,400 | -42.6% |
| Recurring financial charges | 65 | €17,376 | €9,975 | -€7,400 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €7,024 | -€100,518 | -€107,542 | |
| Income taxes | 67/77 | €217 | €220 | +€3 | +1.6% |
| Profit (loss) for the period | 9904 | €6,808 | -€100,738 | -€107,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,808 | -€100,738 | -€107,546 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.