INELEC ELECTRO: 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.
INELEC ELECTRO
Largest movements
- Cash +€63,864
up €63,864 (+95.5%), from €66,867 to €130,731
mainly Net result for the year (+€104,669) and Receivables within one year (+€63,607)
- Receivables within one year -€63,607
down €63,607 (-35.0%), from €181,577 to €117,970
of which Trade receivables: -€55,486
- Tax, wage and social debts +€32,393
up €32,393 (+237%), from €13,683 to €46,075
of which Remuneration and social security: +€31,379
- Trade debts -€19,736
down €19,736 (-76.6%), from €25,749 to €6,013
- Other debts -€14,958
down €14,958 (-12.6%), from €118,854 to €103,896
- Reserves +€2,669
up €2,669 (+3.4%), from €78,659 to €81,328
- Staff costs +€54,246
up €54,246 (+23.5%), from €230,938 to €285,184
- Gross operating margin +€39,823
up €39,823 (+11.3%), from €353,603 to €393,426
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,444 | €248,701 | +€257 | +0.1% |
| Current assets | 29/58 | €248,444 | €248,701 | +€257 | +0.1% |
| Amounts receivable within one year | 40/41 | €181,577 | €117,970 | -€63,607 | -35.0% |
| Trade receivables | 40 | €170,339 | €114,853 | -€55,486 | -32.6% |
| Other amounts receivable | 41 | €11,238 | €3,118 | -€8,121 | -72.3% |
| Cash at bank and in hand | 54/58 | €66,867 | €130,731 | +€63,864 | +95.5% |
| Total equity and liabilities | 10/49 | €248,444 | €248,701 | +€257 | +0.1% |
| Equity | 10/15 | €89,857 | €92,525 | +€2,669 | +3.0% |
| Contributions | 10/11 | €11,197 | €11,197 | = | 0.0% |
| Reserves | 13 | €78,659 | €81,328 | +€2,669 | +3.4% |
| Distributable reserves | 133 | €78,659 | €81,328 | +€2,669 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €158,587 | €156,176 | -€2,411 | -1.5% |
| Amounts payable within one year | 42/48 | €158,285 | €155,984 | -€2,301 | -1.5% |
| Trade debts | 44 | €25,749 | €6,013 | -€19,736 | -76.6% |
| Suppliers | 440/4 | €25,749 | €6,013 | -€19,736 | -76.6% |
| Taxes, remuneration and social security | 45 | €13,683 | €46,075 | +€32,393 | +237% |
| Taxes | 450/3 | €2,604 | €3,618 | +€1,014 | +38.9% |
| Remuneration and social security | 454/9 | €11,079 | €42,457 | +€31,379 | +283% |
| Other amounts payable | 47/48 | €118,854 | €103,896 | -€14,958 | -12.6% |
| Accrued charges and deferred income | 492/3 | €302 | €192 | -€110 | -36.4% |
| Remuneration, social security and pensions | 62 | €230,938 | €285,184 | +€54,246 | +23.5% |
| Other operating charges | 640/8 | €683 | €699 | +€16 | +2.3% |
| Gross operating margin | 9900 | €353,603 | €393,426 | +€39,823 | +11.3% |
| Operating profit (loss) | 9901 | €121,982 | €107,544 | -€14,438 | -11.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €342 | €234 | -€108 | -31.6% |
| Recurring financial charges | 65 | €342 | €234 | -€108 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €121,639 | €107,309 | -€14,330 | -11.8% |
| Income taxes | 67/77 | €2,153 | €2,641 | +€487 | +22.6% |
| Profit (loss) for the period | 9904 | €119,486 | €104,669 | -€14,817 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €119,486 | €104,669 | -€14,817 | -12.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.