Inemeris: 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.
Inemeris
Largest movements
- Current investments +€750,000
new in 2025: €750,000
- Cash -€706,903
down €706,903 (-67.4%), from €1.0m to €342,358
mainly Current investments (-€750,000) and Contributions, distributions and other (-€335,499)
- Tangible fixed assets -€20,614
down €20,614 (-38.2%), from €54,031 to €33,417
of which Furniture and vehicles: -€20,054
- Receivables within one year -€15,750
down €15,750 (-95.9%), from €16,425 to €675
of which Other amounts receivable: -€15,750
- Deferred charges and accrued income +€14,435
up €14,435 (+575.4%), from €2,509 to €16,944
- Other debts +€331,242
up €331,242 (+4945.5%), from €6,698 to €337,940
- Reserves -€289,735
down €289,735 (-26.9%), from €1.1m to €786,201
- Advances received -€15,851
down €15,851 (-100.0%), from €15,851 to €0
- Gross operating margin -€194,250
down €194,250 (-72.3%), from €268,697 to €74,447
- Taxes -€55,939
down €55,939 (-74.9%), from €74,642 to €18,703
- Financial income +€14,427
new in 2025: €14,427
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 | €1,122,225 | €1,143,393 | +€21,168 | +1.9% |
| Fixed assets | 21/28 | €54,031 | €33,417 | -€20,614 | -38.2% |
| Tangible fixed assets | 22/27 | €54,031 | €33,417 | -€20,614 | -38.2% |
| Plant, machinery and equipment | 23 | €1,476 | €916 | -€560 | -37.9% |
| Furniture and vehicles | 24 | €52,555 | €32,501 | -€20,054 | -38.2% |
| Current assets | 29/58 | €1,068,194 | €1,109,977 | +€41,782 | +3.9% |
| Amounts receivable within one year | 40/41 | €16,425 | €675 | -€15,750 | -95.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €16,425 | €675 | -€15,750 | -95.9% |
| Current investments | 50/53 | - | €750,000 | +€750,000 | |
| Cash at bank and in hand | 54/58 | €1,049,260 | €342,358 | -€706,903 | -67.4% |
| Deferred charges and accrued income | 490/1 | €2,509 | €16,944 | +€14,435 | +575.4% |
| Total equity and liabilities | 10/49 | €1,122,225 | €1,143,393 | +€21,168 | +1.9% |
| Equity | 10/15 | €1,080,936 | €791,201 | -€289,735 | -26.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,075,936 | €786,201 | -€289,735 | -26.9% |
| Distributable reserves | 133 | €1,075,936 | €786,201 | -€289,735 | -26.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,290 | €352,193 | +€310,903 | +753.0% |
| Amounts payable within one year | 42/48 | €41,290 | €347,865 | +€306,575 | +742.5% |
| Financial debts | 43 | €668 | €605 | -€63 | -9.5% |
| Credit institutions | 430/8 | €668 | €605 | -€63 | -9.5% |
| Trade debts | 44 | €2,882 | €2,845 | -€37 | -1.3% |
| Suppliers | 440/4 | €2,882 | €2,845 | -€37 | -1.3% |
| Advances received on contracts in progress | 46 | €15,851 | €0 | -€15,851 | -100.0% |
| Taxes, remuneration and social security | 45 | €15,190 | €6,475 | -€8,715 | -57.4% |
| Taxes | 450/3 | €15,190 | €4,375 | -€10,815 | -71.2% |
| Remuneration and social security | 454/9 | €0 | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €6,698 | €337,940 | +€331,242 | +4945.5% |
| Accrued charges and deferred income | 492/3 | - | €4,328 | +€4,328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,614 | €20,614 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,206 | €1,209 | +€4 | +0.3% |
| Gross operating margin | 9900 | €268,697 | €74,447 | -€194,250 | -72.3% |
| Operating profit (loss) | 9901 | €246,877 | €52,623 | -€194,254 | -78.7% |
| Financial income | 75/76B | - | €14,427 | +€14,427 | |
| Recurring financial income | 75 | - | €14,427 | +€14,427 | |
| Financial charges | 65/66B | €82 | €2,584 | +€2,502 | +3059.5% |
| Recurring financial charges | 65 | €82 | €2,584 | +€2,502 | +3059.5% |
| Profit (loss) for the period before taxes | 9903 | €246,795 | €64,467 | -€182,328 | -73.9% |
| Income taxes | 67/77 | €74,642 | €18,703 | -€55,939 | -74.9% |
| Profit (loss) for the period | 9904 | €172,154 | €45,764 | -€126,389 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €172,154 | €45,764 | -€126,389 | -73.4% |
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 3 October 2026 via checked.be.