INeKA: 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.
INeKA
Largest movements
- Cash +€36,540
up €36,540 (+40.1%), from €91,168 to €127,708
mainly Net result for the year (+€37,421) and Tax, wage and social debts (+€25,728)
- Receivables within one year -€20,226
down €20,226 (-18.6%), from €108,924 to €88,698
of which Other amounts receivable: -€29,815
- Tangible fixed assets -€5,112
down €5,112 (-54.3%), from €9,419 to €4,307
of which Furniture and vehicles: -€3,930
- Deferred charges and accrued income +€2,517
new in 2025: €2,517
- Tax, wage and social debts +€25,728
up €25,728 (+106%), from €24,367 to €50,094
- Reserves -€14,303
down €14,303 (-8.3%), from €171,901 to €157,599
of which Distributable reserves: -€14,303
- Trade debts +€2,293
up €2,293 (+31.5%), from €7,285 to €9,577
- Depreciation -€9,835
down €9,835 (-61.2%), from €16,060 to €6,225
- Gross operating margin -€2,964
down €2,964 (-4.5%), from €65,372 to €62,408
- Taxes +€1,445
up €1,445 (+7.5%), from €19,340 to €20,785
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.
Derived cash bridge
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 | €209,887 | €223,605 | +€13,718 | +6.5% |
| Fixed assets | 21/28 | €9,794 | €4,682 | -€5,112 | -52.2% |
| Tangible fixed assets | 22/27 | €9,419 | €4,307 | -€5,112 | -54.3% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €2,721 | €1,538 | -€1,182 | -43.5% |
| Furniture and vehicles | 24 | €6,698 | €2,768 | -€3,930 | -58.7% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €200,093 | €218,923 | +€18,830 | +9.4% |
| Amounts receivable within one year | 40/41 | €108,924 | €88,698 | -€20,226 | -18.6% |
| Trade receivables | 40 | €41,178 | €50,767 | +€9,588 | +23.3% |
| Other amounts receivable | 41 | €67,746 | €37,931 | -€29,815 | -44.0% |
| Cash at bank and in hand | 54/58 | €91,168 | €127,708 | +€36,540 | +40.1% |
| Deferred charges and accrued income | 490/1 | - | €2,517 | +€2,517 | |
| Total equity and liabilities | 10/49 | €209,887 | €223,605 | +€13,718 | +6.5% |
| Equity | 10/15 | €178,235 | €163,933 | -€14,303 | -8.0% |
| Contributions | 10/11 | €6,334 | €6,334 | = | 0.0% |
| Reserves | 13 | €171,901 | €157,599 | -€14,303 | -8.3% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,717 | €1,717 | = | 0.0% |
| Distributable reserves | 133 | €168,284 | €153,981 | -€14,303 | -8.5% |
| Amounts payable | 17/49 | €31,651 | €59,672 | +€28,020 | +88.5% |
| Amounts payable within one year | 42/48 | €31,651 | €59,672 | +€28,020 | +88.5% |
| Trade debts | 44 | €7,285 | €9,577 | +€2,293 | +31.5% |
| Suppliers | 440/4 | €7,285 | €9,577 | +€2,293 | +31.5% |
| Taxes, remuneration and social security | 45 | €24,367 | €50,094 | +€25,728 | +106% |
| Taxes | 450/3 | €24,367 | €50,094 | +€25,728 | +106% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,060 | €6,225 | -€9,835 | -61.2% |
| Other operating charges | 640/8 | €1,244 | €969 | -€275 | -22.1% |
| Gross operating margin | 9900 | €65,372 | €62,408 | -€2,964 | -4.5% |
| Operating profit (loss) | 9901 | €48,068 | €55,214 | +€7,146 | +14.9% |
| Financial income | 75/76B | €3,687 | €3,140 | -€547 | -14.8% |
| Recurring financial income | 75 | €3,687 | €3,140 | -€547 | -14.8% |
| Financial charges | 65/66B | €541 | €148 | -€393 | -72.7% |
| Recurring financial charges | 65 | €541 | €148 | -€393 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €51,214 | €58,206 | +€6,992 | +13.7% |
| Income taxes | 67/77 | €19,340 | €20,785 | +€1,445 | +7.5% |
| Profit (loss) for the period | 9904 | €31,874 | €37,421 | +€5,547 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,874 | €37,421 | +€5,547 | +17.4% |
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 14 October 2026 via checked.be.