INELIAS: 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.
INELIAS
Largest movements
- Tangible fixed assets +€24,124
up €24,124 (+704%), from €3,429 to €27,553
of which Furniture and vehicles: +€24,538
- Receivables within one year +€3,300
up €3,300 (+37.7%), from €8,752 to €12,051
of which Other amounts receivable: +€2,846
- Cash -€915
down €915 (-30.9%), from €2,957 to €2,042
mainly Investment in fixed assets (net) (-€28,017) and Other debts (-€10,339)
- Profit (loss) carried forward +€40,798
up €40,798 (+95.7%), from -€42,643 to -€1,846
- Other debts -€10,339
down €10,339 (-21.3%), from €48,452 to €38,112
- Trade debts -€2,718
down €2,718 (-87.8%), from €3,094 to €377
- Tax, wage and social debts -€1,231
down €1,231 (-99.7%), from €1,235 to €4
- Gross operating margin +€37,468
up €37,468 (+357%), from €10,507 to €47,975
- Purchases and services -€25,743
down €25,743 (-31.9%), from €80,632 to €54,889
- Financial charges -€12,573
down €12,573 (-97.9%), from €12,841 to €268
of which Non-recurring financial charges: -€12,681
- Turnover +€11,725
up €11,725 (+12.9%), from €91,139 to €102,864
- Other operating charges +€2,412
up €2,412 (+393%), from €614 to €3,027
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 | €15,138 | €41,647 | +€26,509 | +175% |
| Fixed assets | 21/28 | €3,429 | €27,553 | +€24,124 | +704% |
| Tangible fixed assets | 22/27 | €3,429 | €27,553 | +€24,124 | +704% |
| Plant, machinery and equipment | 23 | €689 | €275 | -€413 | -60.0% |
| Furniture and vehicles | 24 | €2,740 | €27,278 | +€24,538 | +896% |
| Current assets | 29/58 | €11,709 | €14,094 | +€2,385 | +20.4% |
| Amounts receivable within one year | 40/41 | €8,752 | €12,051 | +€3,300 | +37.7% |
| Trade receivables | 40 | €6,717 | €7,171 | +€454 | +6.8% |
| Other amounts receivable | 41 | €2,035 | €4,881 | +€2,846 | +140% |
| Cash at bank and in hand | 54/58 | €2,957 | €2,042 | -€915 | -30.9% |
| Total equity and liabilities | 10/49 | €15,138 | €41,647 | +€26,509 | +175% |
| Equity | 10/15 | -€37,643 | €3,154 | +€40,798 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,643 | -€1,846 | +€40,798 | +95.7% |
| Amounts payable | 17/49 | €52,781 | €38,492 | -€14,288 | -27.1% |
| Amounts payable within one year | 42/48 | €52,781 | €38,492 | -€14,288 | -27.1% |
| Trade debts | 44 | €3,094 | €377 | -€2,718 | -87.8% |
| Suppliers | 440/4 | €3,094 | €377 | -€2,718 | -87.8% |
| Taxes, remuneration and social security | 45 | €1,235 | €4 | -€1,231 | -99.7% |
| Taxes | 450/3 | €1,235 | €4 | -€1,231 | -99.7% |
| Other amounts payable | 47/48 | €48,452 | €38,112 | -€10,339 | -21.3% |
| Turnover | 70 | €91,139 | €102,864 | +€11,725 | +12.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €80,632 | €54,889 | -€25,743 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,044 | €3,892 | -€2,152 | -35.6% |
| Other operating charges | 640/8 | €614 | €3,027 | +€2,412 | +393% |
| Gross operating margin | 9900 | €10,507 | €47,975 | +€37,468 | +357% |
| Operating profit (loss) | 9901 | €3,849 | €41,056 | +€37,207 | +967% |
| Financial income | 75/76B | €18 | €10 | -€8 | -45.5% |
| Recurring financial income | 75 | €18 | €10 | -€8 | -45.5% |
| Non-recurring financial income | 76B | €18 | - | -€18 | |
| Financial charges | 65/66B | €12,841 | €268 | -€12,573 | -97.9% |
| Recurring financial charges | 65 | €161 | €268 | +€108 | +67.2% |
| Non-recurring financial charges | 66B | €12,681 | - | -€12,681 | |
| Profit (loss) for the period before taxes | 9903 | -€8,974 | €40,798 | +€49,772 | |
| Profit (loss) for the period | 9904 | -€8,974 | €40,798 | +€49,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,974 | €40,798 | +€49,772 |
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.