INEACS: 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.
INEACS
Largest movements
- Tangible fixed assets -€10,028
down €10,028 (-4.1%), from €244,695 to €234,667
of which Land and buildings: -€10,002
- Cash +€3,208
up €3,208 (+200.4%), from €1,601 to €4,808
mainly Depreciation (+€10,028) and Trade debts (+€2,194)
- Profit (loss) carried forward -€9,964
down €9,964 (-72.4%), from -€13,764 to -€23,728
- Gross operating margin +€3,309
up €3,309 (+28.1%), from €11,781 to €15,090
- Other operating charges +€323
up €323 (+11.8%), from €2,739 to €3,062
- Staff costs +€313
up €313 (+2.7%), from €11,651 to €11,964
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 | €266,962 | €260,107 | -€6,855 | -2.6% |
| Fixed assets | 21/28 | €244,695 | €234,667 | -€10,028 | -4.1% |
| Tangible fixed assets | 22/27 | €244,695 | €234,667 | -€10,028 | -4.1% |
| Land and buildings | 22 | €244,074 | €234,072 | -€10,002 | -4.1% |
| Plant, machinery and equipment | 23 | €177 | €150 | -€26 | -15.0% |
| Furniture and vehicles | 24 | €444 | €444 | = | 0.0% |
| Current assets | 29/58 | €22,267 | €25,440 | +€3,173 | +14.3% |
| Stocks and contracts in progress | 3 | €20,369 | €20,369 | = | 0.0% |
| Stocks | 30/36 | €20,369 | €20,369 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €297 | €263 | -€34 | -11.6% |
| Trade receivables | 40 | €267 | €232 | -€34 | -12.9% |
| Other amounts receivable | 41 | €30 | €30 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,601 | €4,808 | +€3,208 | +200.4% |
| Total equity and liabilities | 10/49 | €266,962 | €260,107 | -€6,855 | -2.6% |
| Equity | 10/15 | €204,396 | €194,432 | -€9,964 | -4.9% |
| Contributions | 10/11 | €175,600 | €175,600 | = | 0.0% |
| Capital | 10 | €175,600 | €175,600 | = | 0.0% |
| Issued capital | 100 | €175,600 | €175,600 | = | 0.0% |
| Reserves | 13 | €42,560 | €42,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,560 | €17,560 | = | 0.0% |
| Legal reserve | 130 | €17,560 | €17,560 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,764 | -€23,728 | -€9,964 | -72.4% |
| Amounts payable | 17/49 | €62,566 | €65,675 | +€3,109 | +5.0% |
| Amounts payable within one year | 42/48 | €62,566 | €65,675 | +€3,109 | +5.0% |
| Trade debts | 44 | €1,622 | €3,815 | +€2,194 | +135.3% |
| Suppliers | 440/4 | €1,622 | €3,815 | +€2,194 | +135.3% |
| Taxes, remuneration and social security | 45 | €353 | €905 | +€553 | +156.5% |
| Taxes | 450/3 | €353 | €905 | +€553 | +156.5% |
| Other amounts payable | 47/48 | €60,591 | €60,954 | +€363 | +0.6% |
| Remuneration, social security and pensions | 62 | €11,651 | €11,964 | +€313 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,076 | €10,028 | -€48 | -0.5% |
| Other operating charges | 640/8 | €2,739 | €3,062 | +€323 | +11.8% |
| Gross operating margin | 9900 | €11,781 | €15,090 | +€3,309 | +28.1% |
| Operating profit (loss) | 9901 | -€12,686 | -€9,964 | +€2,722 | +21.5% |
| Financial charges | 65/66B | €0 | €0 | -€0 | -60.0% |
| Recurring financial charges | 65 | €0 | €0 | -€0 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,686 | -€9,964 | +€2,722 | +21.5% |
| Profit (loss) for the period | 9904 | -€12,686 | -€9,964 | +€2,722 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,686 | -€9,964 | +€2,722 | +21.5% |
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 11 October 2026 via checked.be.