Inelmatec: 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.
Inelmatec
Largest movements
- Receivables within one year -€470,344
down €470,344 (-40.2%), from €1.2m to €700,310
of which Trade receivables: -€470,344
- Current investments +€454,031
up €454,031 (+22.7%), from €2.0m to €2.5m
- Tangible fixed assets +€211,272
up €211,272 (+161%), from €130,894 to €342,166
of which Furniture and vehicles: +€205,055
- Cash +€144,161
up €144,161 (+19.1%), from €754,883 to €899,044
mainly Net result for the year (+€914,785) and Receivables within one year (+€470,344)
- Reserves +€614,785
up €614,785 (+15.9%), from €3.9m to €4.5m
of which Distributable reserves: +€614,785
- Tax, wage and social debts -€277,723
down €277,723 (-59.3%), from €468,045 to €190,322
of which Taxes: -€264,895
- Gross operating margin -€137,540
down €137,540 (-7.2%), from €1.9m to €1.8m
- Taxes -€59,525
down €59,525 (-12.0%), from €497,961 to €438,436
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,422,795 | €4,782,091 | +€359,297 | +8.1% |
| Fixed assets | 21/28 | €201,384 | €408,257 | +€206,872 | +103% |
| Tangible fixed assets | 22/27 | €130,894 | €342,166 | +€211,272 | +161% |
| Land and buildings | 22 | €86,233 | €92,450 | +€6,217 | +7.2% |
| Furniture and vehicles | 24 | €44,661 | €249,715 | +€205,055 | +459% |
| Financial fixed assets | 28 | €70,491 | €66,091 | -€4,400 | -6.2% |
| Current assets | 29/58 | €4,221,410 | €4,373,835 | +€152,425 | +3.6% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €191,484 | €223,505 | +€32,021 | +16.7% |
| Stocks | 30/36 | €191,484 | €223,505 | +€32,021 | +16.7% |
| Amounts receivable within one year | 40/41 | €1,170,654 | €700,310 | -€470,344 | -40.2% |
| Trade receivables | 40 | €1,170,654 | €700,310 | -€470,344 | -40.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €2,000,000 | €2,454,031 | +€454,031 | +22.7% |
| Cash at bank and in hand | 54/58 | €754,883 | €899,044 | +€144,161 | +19.1% |
| Deferred charges and accrued income | 490/1 | €14,389 | €6,945 | -€7,444 | -51.7% |
| Total equity and liabilities | 10/49 | €4,422,795 | €4,782,091 | +€359,297 | +8.1% |
| Equity | 10/15 | €3,922,283 | €4,537,068 | +€614,785 | +15.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,860,283 | €4,475,068 | +€614,785 | +15.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €167 | €167 | = | 0.0% |
| Distributable reserves | 133 | €3,853,916 | €4,468,701 | +€614,785 | +16.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €500,512 | €245,023 | -€255,488 | -51.0% |
| Amounts payable within one year | 42/48 | €500,512 | €245,023 | -€255,488 | -51.0% |
| Trade debts | 44 | €32,466 | €54,701 | +€22,234 | +68.5% |
| Suppliers | 440/4 | €32,466 | €54,701 | +€22,234 | +68.5% |
| Taxes, remuneration and social security | 45 | €468,045 | €190,322 | -€277,723 | -59.3% |
| Taxes | 450/3 | €409,126 | €144,231 | -€264,895 | -64.7% |
| Remuneration and social security | 454/9 | €58,919 | €46,091 | -€12,827 | -21.8% |
| Remuneration, social security and pensions | 62 | €370,372 | €373,295 | +€2,923 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,334 | €41,751 | +€15,417 | +58.5% |
| Other operating charges | 640/8 | €5,182 | €15,563 | +€10,381 | +200% |
| Gross operating margin | 9900 | €1,902,147 | €1,764,607 | -€137,540 | -7.2% |
| Operating profit (loss) | 9901 | €1,500,259 | €1,333,998 | -€166,261 | -11.1% |
| Financial income | 75/76B | €8,350 | €21,410 | +€13,059 | +156% |
| Recurring financial income | 75 | €8,350 | €21,410 | +€13,059 | +156% |
| Financial charges | 65/66B | €1,854 | €2,186 | +€332 | +17.9% |
| Recurring financial charges | 65 | €1,854 | €2,186 | +€332 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €1,506,755 | €1,353,221 | -€153,534 | -10.2% |
| Income taxes | 67/77 | €497,961 | €438,436 | -€59,525 | -12.0% |
| Profit (loss) for the period | 9904 | €1,008,794 | €914,785 | -€94,009 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,008,794 | €914,785 | -€94,009 | -9.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.