Ineo Res: 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.
Ineo Res
Largest movements
- Receivables within one year +€74,293
up €74,293 (+184%), from €40,346 to €114,639
of which Other amounts receivable: +€97,954
- Receivables after one year -€41,000
down €41,000 (-13.4%), from €307,000 to €266,000
- Cash +€8,795
up €8,795 (+27.6%), from €31,808 to €40,603
mainly Net result for the year (+€101,182) and Receivables after one year (+€41,000)
- Deferred charges and accrued income +€6,011
up €6,011 (+45.0%), from €13,362 to €19,373
- Reserves +€31,182
up €31,182 (+9.1%), from €342,322 to €373,503
of which Distributable reserves: +€31,182
- Tax, wage and social debts +€14,928
up €14,928 (+48.3%), from €30,937 to €45,865
of which Taxes: +€14,928
- Gross operating margin +€25,500
up €25,500 (+27.4%), from €92,918 to €118,418
- Other operating charges +€6,581
up €6,581 (+16,518%), from €40 to €6,621
- Financial income +€6,011
up €6,011 (+45.0%), from €13,362 to €19,373
- Taxes +€5,796
up €5,796 (+25.7%), from €22,541 to €28,337
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 | €397,685 | €444,499 | +€46,814 | +11.8% |
| Fixed assets | 21/28 | €5,169 | €3,884 | -€1,285 | -24.9% |
| Tangible fixed assets | 22/27 | €5,169 | €3,884 | -€1,285 | -24.9% |
| Furniture and vehicles | 24 | €2,869 | €1,584 | -€1,285 | -44.8% |
| Other tangible fixed assets | 26 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €392,516 | €440,615 | +€48,099 | +12.3% |
| Amounts receivable after more than one year | 29 | €307,000 | €266,000 | -€41,000 | -13.4% |
| Other amounts receivable | 291 | €307,000 | €266,000 | -€41,000 | -13.4% |
| Amounts receivable within one year | 40/41 | €40,346 | €114,639 | +€74,293 | +184% |
| Trade receivables | 40 | €23,661 | €0 | -€23,661 | -100% |
| Other amounts receivable | 41 | €16,685 | €114,639 | +€97,954 | +587% |
| Cash at bank and in hand | 54/58 | €31,808 | €40,603 | +€8,795 | +27.6% |
| Deferred charges and accrued income | 490/1 | €13,362 | €19,373 | +€6,011 | +45.0% |
| Total equity and liabilities | 10/49 | €397,685 | €444,499 | +€46,814 | +11.8% |
| Equity | 10/15 | €360,922 | €392,103 | +€31,182 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,322 | €373,503 | +€31,182 | +9.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €340,462 | €371,643 | +€31,182 | +9.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €36,764 | €52,396 | +€15,632 | +42.5% |
| Amounts payable within one year | 42/48 | €36,764 | €52,396 | +€15,632 | +42.5% |
| Trade debts | 44 | €5,826 | €6,530 | +€704 | +12.1% |
| Suppliers | 440/4 | €5,826 | €6,530 | +€704 | +12.1% |
| Taxes, remuneration and social security | 45 | €30,937 | €45,865 | +€14,928 | +48.3% |
| Taxes | 450/3 | €27,437 | €42,365 | +€14,928 | +54.4% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,285 | €1,285 | = | 0.0% |
| Other operating charges | 640/8 | €40 | €6,621 | +€6,581 | +16,518% |
| Gross operating margin | 9900 | €92,918 | €118,418 | +€25,500 | +27.4% |
| Operating profit (loss) | 9901 | €91,594 | €110,513 | +€18,919 | +20.7% |
| Financial income | 75/76B | €13,362 | €19,373 | +€6,011 | +45.0% |
| Recurring financial income | 75 | €13,362 | €19,373 | +€6,011 | +45.0% |
| Financial charges | 65/66B | €554 | €367 | -€187 | -33.7% |
| Recurring financial charges | 65 | €554 | €367 | -€187 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €104,402 | €129,518 | +€25,116 | +24.1% |
| Income taxes | 67/77 | €22,541 | €28,337 | +€5,796 | +25.7% |
| Profit (loss) for the period | 9904 | €81,861 | €101,182 | +€19,320 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,861 | €101,182 | +€19,320 | +23.6% |
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 30 October 2026 via checked.be.