INEB: 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.
INEB
Largest movements
- Cash -€9,158
down €9,158 (-26.6%), from €34,478 to €25,320
mainly Net result for the year (-€6,368) and Investment in fixed assets (net) (-€4,368)
- Tangible fixed assets +€2,778
up €2,778 (+67.3%), from €4,129 to €6,908
of which Plant, machinery and equipment: +€2,414
- Receivables within one year -€686
down €686 (-5.2%), from €13,162 to €12,476
- Reserves -€6,368
down €6,368 (-20.9%), from €30,443 to €24,075
- Tax, wage and social debts -€2,528
down €2,528 (-14.2%), from €17,748 to €15,219
of which Taxes: -€10,478
- Trade debts +€1,831
up €1,831 (+169.7%), from €1,079 to €2,910
- Gross operating margin -€42,552
down €42,552, from €41,707 to -€845
- Taxes -€7,675
down €7,675 (-98.0%), from €7,830 to €155
- Depreciation +€984
up €984 (+162.5%), from €606 to €1,590
- Financial charges +€815
up €815 (+32.2%), from €2,532 to €3,347
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 | €51,770 | €44,704 | -€7,065 | -13.6% |
| Fixed assets | 21/28 | €4,129 | €6,908 | +€2,778 | +67.3% |
| Tangible fixed assets | 22/27 | €4,129 | €6,908 | +€2,778 | +67.3% |
| Plant, machinery and equipment | 23 | - | €2,414 | +€2,414 | |
| Furniture and vehicles | 24 | €2,401 | €1,849 | -€552 | -23.0% |
| Other tangible fixed assets | 26 | €1,728 | €2,644 | +€916 | +53.0% |
| Current assets | 29/58 | €47,640 | €37,797 | -€9,844 | -20.7% |
| Amounts receivable within one year | 40/41 | €13,162 | €12,476 | -€686 | -5.2% |
| Trade receivables | 40 | €13,162 | €12,476 | -€686 | -5.2% |
| Cash at bank and in hand | 54/58 | €34,478 | €25,320 | -€9,158 | -26.6% |
| Total equity and liabilities | 10/49 | €51,770 | €44,704 | -€7,065 | -13.6% |
| Equity | 10/15 | €32,943 | €26,575 | -€6,368 | -19.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,443 | €24,075 | -€6,368 | -20.9% |
| Distributable reserves | 133 | €30,443 | €24,075 | -€6,368 | -20.9% |
| Amounts payable | 17/49 | €18,827 | €18,129 | -€698 | -3.7% |
| Amounts payable within one year | 42/48 | €18,827 | €18,129 | -€698 | -3.7% |
| Trade debts | 44 | €1,079 | €2,910 | +€1,831 | +169.7% |
| Suppliers | 440/4 | €1,079 | €2,910 | +€1,831 | +169.7% |
| Taxes, remuneration and social security | 45 | €17,748 | €15,219 | -€2,528 | -14.2% |
| Taxes | 450/3 | €15,098 | €4,619 | -€10,478 | -69.4% |
| Remuneration and social security | 454/9 | €2,650 | €10,600 | +€7,950 | +300.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €606 | €1,590 | +€984 | +162.5% |
| Other operating charges | 640/8 | €296 | €430 | +€135 | +45.5% |
| Gross operating margin | 9900 | €41,707 | -€845 | -€42,552 | |
| Operating profit (loss) | 9901 | €40,805 | -€2,865 | -€43,670 | |
| Financial charges | 65/66B | €2,532 | €3,347 | +€815 | +32.2% |
| Recurring financial charges | 65 | €2,532 | €3,347 | +€815 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €38,273 | -€6,213 | -€44,486 | |
| Income taxes | 67/77 | €7,830 | €155 | -€7,675 | -98.0% |
| Profit (loss) for the period | 9904 | €30,443 | -€6,368 | -€36,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,443 | -€6,368 | -€36,811 |
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 2 October 2026 via checked.be.