INBV: 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.
INBV
Largest movements
- Receivables within one year -€483,081
down €483,081 (-84.6%), from €571,196 to €88,115
of which Other amounts receivable: -€443,756
- Current investments +€290,000
up €290,000 (+66.7%), from €435,000 to €725,000
- Cash +€94,587
up €94,587 (+881.0%), from €10,736 to €105,322
mainly Receivables within one year (+€483,081) and Depreciation (+€73,876)
- Tangible fixed assets -€73,876
down €73,876 (-7.8%), from €947,588 to €873,712
of which Land and buildings: -€63,932
- Other debts -€152,229
down €152,229 (-38.8%), from €392,745 to €240,516
- Gross operating margin -€41,061
down €41,061 (-18.7%), from €219,586 to €178,525
- Financial charges -€9,122
down €9,122 (-20.3%), from €44,876 to €35,754
- Depreciation -€7,919
down €7,919 (-9.7%), from €81,794 to €73,876
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 | €1,968,008 | €1,795,487 | -€172,521 | -8.8% |
| Fixed assets | 21/28 | €947,588 | €873,712 | -€73,876 | -7.8% |
| Tangible fixed assets | 22/27 | €947,588 | €873,712 | -€73,876 | -7.8% |
| Land and buildings | 22 | €937,643 | €873,712 | -€63,932 | -6.8% |
| Furniture and vehicles | 24 | €9,944 | €0 | -€9,944 | -100.0% |
| Current assets | 29/58 | €1,020,421 | €921,775 | -€98,645 | -9.7% |
| Amounts receivable within one year | 40/41 | €571,196 | €88,115 | -€483,081 | -84.6% |
| Trade receivables | 40 | €119,588 | €80,263 | -€39,325 | -32.9% |
| Other amounts receivable | 41 | €451,607 | €7,852 | -€443,756 | -98.3% |
| Current investments | 50/53 | €435,000 | €725,000 | +€290,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €10,736 | €105,322 | +€94,587 | +881.0% |
| Deferred charges and accrued income | 490/1 | €3,489 | €3,338 | -€151 | -4.3% |
| Total equity and liabilities | 10/49 | €1,968,008 | €1,795,487 | -€172,521 | -8.8% |
| Equity | 10/15 | €992,601 | €978,630 | -€13,971 | -1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €986,401 | €972,430 | -€13,971 | -1.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €986,401 | €972,430 | -€13,971 | -1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €975,407 | €816,857 | -€158,550 | -16.3% |
| Amounts payable after more than one year | 17 | €513,952 | €528,547 | +€14,596 | +2.8% |
| Financial debts | 170/4 | - | €528,547 | +€528,547 | |
| Other amounts payable | 178/9 | €513,952 | - | -€513,952 | |
| Amounts payable within one year | 42/48 | €461,455 | €288,309 | -€173,146 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,242 | €106 | -€7,135 | -98.5% |
| Suppliers | 440/4 | €7,242 | €106 | -€7,135 | -98.5% |
| Taxes, remuneration and social security | 45 | €61,469 | €47,687 | -€13,782 | -22.4% |
| Taxes | 450/3 | €61,469 | €47,687 | -€13,782 | -22.4% |
| Other amounts payable | 47/48 | €392,745 | €240,516 | -€152,229 | -38.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,794 | €73,876 | -€7,919 | -9.7% |
| Other operating charges | 640/8 | €6,415 | €6,569 | +€154 | +2.4% |
| Gross operating margin | 9900 | €219,586 | €178,525 | -€41,061 | -18.7% |
| Operating profit (loss) | 9901 | €131,377 | €98,080 | -€33,297 | -25.3% |
| Financial income | 75/76B | €15,694 | €17,543 | +€1,849 | +11.8% |
| Recurring financial income | 75 | €15,694 | €17,543 | +€1,849 | +11.8% |
| Financial charges | 65/66B | €44,876 | €35,754 | -€9,122 | -20.3% |
| Recurring financial charges | 65 | €44,876 | €35,754 | -€9,122 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €102,194 | €79,869 | -€22,326 | -21.8% |
| Income taxes | 67/77 | €22,881 | €22,411 | -€470 | -2.1% |
| Profit (loss) for the period | 9904 | €79,313 | €57,457 | -€21,856 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,313 | €57,457 | -€21,856 | -27.6% |
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 2 October 2026 via checked.be.