INELKA: 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.
INELKA
Largest movements
- Tangible fixed assets -€16,223
down €16,223 (-4.1%), from €395,601 to €379,378
- Cash -€14,115
down €14,115 (-11.0%), from €128,512 to €114,396
mainly Tax, wage and social debts (-€27,459) and Trade debts (-€2,211)
- Tax, wage and social debts -€27,459
no longer reported in 2025 (was €27,459)
- Gross operating margin -€224,703
down €224,703 (-92.8%), from €242,266 to €17,563
- Taxes -€49,366
no longer reported in 2025 (was €49,366)
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 | €526,559 | €496,037 | -€30,522 | -5.8% |
| Fixed assets | 21/28 | €395,601 | €379,378 | -€16,223 | -4.1% |
| Tangible fixed assets | 22/27 | €395,601 | €379,378 | -€16,223 | -4.1% |
| Land and buildings | 22 | €395,601 | €379,378 | -€16,223 | -4.1% |
| Current assets | 29/58 | €130,958 | €116,659 | -€14,299 | -10.9% |
| Amounts receivable within one year | 40/41 | €1,456 | €1,249 | -€207 | -14.2% |
| Trade receivables | 40 | €1,456 | €1,024 | -€432 | -29.6% |
| Other amounts receivable | 41 | - | €224 | +€224 | |
| Cash at bank and in hand | 54/58 | €128,512 | €114,396 | -€14,115 | -11.0% |
| Deferred charges and accrued income | 490/1 | €991 | €1,014 | +€24 | +2.4% |
| Total equity and liabilities | 10/49 | €526,559 | €496,037 | -€30,522 | -5.8% |
| Equity | 10/15 | €378,736 | €378,192 | -€544 | -0.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €173,277 | €173,277 | = | 0.0% |
| Non-distributable reserves | 130/1 | €173,277 | €173,277 | = | 0.0% |
| Other | 1319 | €173,277 | €173,277 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,542 | -€95,085 | -€544 | -0.6% |
| Amounts payable | 17/49 | €147,823 | €117,845 | -€29,978 | -20.3% |
| Amounts payable after more than one year | 17 | €115,000 | €115,000 | = | 0.0% |
| Financial debts | 170/4 | €115,000 | €115,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,823 | €219 | -€30,604 | -99.3% |
| Trade debts | 44 | €2,431 | €219 | -€2,211 | -91.0% |
| Suppliers | 440/4 | €2,431 | €219 | -€2,211 | -91.0% |
| Taxes, remuneration and social security | 45 | €27,459 | - | -€27,459 | |
| Taxes | 450/3 | €27,459 | - | -€27,459 | |
| Other amounts payable | 47/48 | €934 | - | -€934 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,626 | +€626 | +31.3% |
| Non-recurring operating income | 76A | €198,220 | - | -€198,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,864 | €16,223 | +€359 | +2.3% |
| Other operating charges | 640/8 | €4,263 | €2,624 | -€1,639 | -38.4% |
| Gross operating margin | 9900 | €242,266 | €17,563 | -€224,703 | -92.8% |
| Operating profit (loss) | 9901 | €222,139 | -€1,284 | -€223,423 | |
| Financial income | 75/76B | €663 | €906 | +€243 | +36.7% |
| Recurring financial income | 75 | €663 | €906 | +€243 | +36.7% |
| Financial charges | 65/66B | €159 | €166 | +€6 | +4.1% |
| Recurring financial charges | 65 | €159 | €166 | +€6 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €222,643 | -€544 | -€223,186 | |
| Income taxes | 67/77 | €49,366 | - | -€49,366 | |
| Profit (loss) for the period | 9904 | €173,277 | -€544 | -€173,821 | |
| Profit (loss) for the period to be appropriated | 9905 | €173,277 | -€544 | -€173,821 |
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 28 September 2026 via checked.be.