INEMA: 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.
INEMA
Largest movements
- Stocks and contracts +€1.2m
new in 2025: €1.2m
- Tangible fixed assets -€99,901
down €99,901 (-100.0%), from €99,901 to €0
- Debts after one year +€1.1m
up €1.1m (+946.6%), from €115,000 to €1.2m
of which Financial debts: +€1.2m
- Reserves -€395,162
down €395,162 (-97.0%), from €407,333 to €12,171
of which Distributable reserves: -€395,162
- Profit (loss) carried forward +€384,273
up €384,273 (+79.5%), from -€483,639 to -€99,366
- Financial income -€389,279
down €389,279 (-94.0%), from €414,311 to €25,032
- Financial charges +€24,181
up €24,181 (+2891.9%), from €836 to €25,018
- Gross operating margin -€1,882
down €1,882 (-23.3%), from -€8,092 to -€9,974
- Other operating charges +€448
up €448 (+93.2%), from €481 to €930
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,546 | €1,219,974 | +€1.1m | +749.9% |
| Fixed assets | 21/28 | €99,901 | €0 | -€99,901 | -100.0% |
| Tangible fixed assets | 22/27 | €99,901 | €0 | -€99,901 | -100.0% |
| Land and buildings | 22 | €99,901 | €0 | -€99,901 | -100.0% |
| Current assets | 29/58 | €43,645 | €1,219,974 | +€1.2m | +2695.2% |
| Stocks and contracts in progress | 3 | - | €1,191,770 | +€1.2m | |
| Stocks | 30/36 | - | €1,191,770 | +€1.2m | |
| Amounts receivable within one year | 40/41 | €7,906 | €512 | -€7,394 | -93.5% |
| Trade receivables | 40 | €315 | €0 | -€315 | -100.0% |
| Other amounts receivable | 41 | €7,591 | €512 | -€7,079 | -93.3% |
| Cash at bank and in hand | 54/58 | €35,739 | €27,692 | -€8,046 | -22.5% |
| Total equity and liabilities | 10/49 | €143,546 | €1,219,974 | +€1.1m | +749.9% |
| Equity | 10/15 | €26,570 | €15,681 | -€10,889 | -41.0% |
| Contributions | 10/11 | €102,876 | €102,876 | = | 0.0% |
| Capital | 10 | €102,876 | €102,876 | = | 0.0% |
| Issued capital | 100 | €102,876 | €102,876 | = | 0.0% |
| Reserves | 13 | €407,333 | €12,171 | -€395,162 | -97.0% |
| Non-distributable reserves | 130/1 | €10,288 | €10,288 | = | 0.0% |
| Legal reserve | 130 | €10,288 | €10,288 | = | 0.0% |
| Distributable reserves | 133 | €397,046 | €1,884 | -€395,162 | -99.5% |
| Profit (loss) carried forward | 14 | -€483,639 | -€99,366 | +€384,273 | +79.5% |
| Amounts payable | 17/49 | €116,976 | €1,204,293 | +€1.1m | +929.5% |
| Amounts payable after more than one year | 17 | €115,000 | €1,203,627 | +€1.1m | +946.6% |
| Financial debts | 170/4 | - | €1,203,627 | +€1.2m | |
| Other amounts payable | 178/9 | €115,000 | €0 | -€115,000 | -100.0% |
| Amounts payable within one year | 42/48 | €1,976 | €666 | -€1,310 | -66.3% |
| Trade debts | 44 | €459 | €666 | +€207 | +45.1% |
| Suppliers | 440/4 | €459 | €666 | +€207 | +45.1% |
| Other amounts payable | 47/48 | €1,517 | €0 | -€1,517 | -100.0% |
| Other operating charges | 640/8 | €481 | €930 | +€448 | +93.2% |
| Gross operating margin | 9900 | -€8,092 | -€9,974 | -€1,882 | -23.3% |
| Operating profit (loss) | 9901 | -€8,573 | -€10,904 | -€2,331 | -27.2% |
| Financial income | 75/76B | €414,311 | €25,032 | -€389,279 | -94.0% |
| Recurring financial income | 75 | €414,311 | €25,032 | -€389,279 | -94.0% |
| Financial charges | 65/66B | €836 | €25,018 | +€24,181 | +2891.9% |
| Recurring financial charges | 65 | €836 | €25,018 | +€24,181 | +2891.9% |
| Profit (loss) for the period before taxes | 9903 | €404,902 | -€10,889 | -€415,791 | |
| Profit (loss) for the period | 9904 | €404,902 | -€10,889 | -€415,791 | |
| Profit (loss) for the period to be appropriated | 9905 | €404,902 | -€10,889 | -€415,791 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.