INESTRANS: 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.
INESTRANS
Largest movements
- Cash +€20,797
up €20,797 (+2,992%), from €695 to €21,492
mainly Net result for the year (+€39,213) and Depreciation (+€25,304)
- Tangible fixed assets -€10,014
down €10,014 (-15.8%), from €63,370 to €53,356
of which Leasing and similar rights: -€14,550
- Receivables within one year +€6,801
up €6,801 (+31.8%), from €21,396 to €28,197
of which Trade receivables: +€7,149
- Profit (loss) carried forward +€39,213
up €39,213, from -€38,338 to €875
- Debts after one year -€14,790
down €14,790 (-79.9%), from €18,520 to €3,730
- Other debts -€6,724
down €6,724 (-8.9%), from €75,796 to €69,072
- Tax, wage and social debts +€1,179
up €1,179 (+12.4%), from €9,511 to €10,690
of which Remuneration and social security: +€5,946
- Gross operating margin +€89,696
up €89,696 (+242%), from €37,008 to €126,704
- Depreciation -€9,327
down €9,327 (-26.9%), from €34,631 to €25,304
- Staff costs +€7,720
up €7,720 (+16.3%), from €47,401 to €55,121
- Financial charges -€1,598
down €1,598 (-35.2%), from €4,534 to €2,936
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 | €85,866 | €103,748 | +€17,882 | +20.8% |
| Fixed assets | 21/28 | €63,775 | €53,931 | -€9,844 | -15.4% |
| Tangible fixed assets | 22/27 | €63,370 | €53,356 | -€10,014 | -15.8% |
| Furniture and vehicles | 24 | €17,537 | €22,073 | +€4,536 | +25.9% |
| Leasing and similar rights | 25 | €45,833 | €31,283 | -€14,550 | -31.7% |
| Financial fixed assets | 28 | €405 | €575 | +€170 | +42.0% |
| Current assets | 29/58 | €22,091 | €49,817 | +€27,726 | +126% |
| Amounts receivable within one year | 40/41 | €21,396 | €28,197 | +€6,801 | +31.8% |
| Trade receivables | 40 | €20,907 | €28,056 | +€7,149 | +34.2% |
| Other amounts receivable | 41 | €489 | €141 | -€348 | -71.2% |
| Cash at bank and in hand | 54/58 | €695 | €21,492 | +€20,797 | +2,992% |
| Deferred charges and accrued income | 490/1 | - | €128 | +€128 | |
| Total equity and liabilities | 10/49 | €85,866 | €103,748 | +€17,882 | +20.8% |
| Equity | 10/15 | -€36,338 | €2,875 | +€39,213 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,338 | €875 | +€39,213 | |
| Amounts payable | 17/49 | €122,204 | €100,873 | -€21,331 | -17.5% |
| Amounts payable after more than one year | 17 | €18,520 | €3,730 | -€14,790 | -79.9% |
| Financial debts | 170/4 | €18,520 | €3,730 | -€14,790 | -79.9% |
| Amounts payable within one year | 42/48 | €103,684 | €97,143 | -€6,541 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €15,778 | €14,790 | -€988 | -6.3% |
| Trade debts | 44 | €2,599 | €2,591 | -€8 | -0.3% |
| Suppliers | 440/4 | €2,599 | €2,591 | -€8 | -0.3% |
| Taxes, remuneration and social security | 45 | €9,511 | €10,690 | +€1,179 | +12.4% |
| Taxes | 450/3 | €6,036 | €1,269 | -€4,767 | -79.0% |
| Remuneration and social security | 454/9 | €3,475 | €9,421 | +€5,946 | +171% |
| Other amounts payable | 47/48 | €75,796 | €69,072 | -€6,724 | -8.9% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €47,401 | €55,121 | +€7,720 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,631 | €25,304 | -€9,327 | -26.9% |
| Other operating charges | 640/8 | €3,296 | €3,371 | +€75 | +2.3% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €37,008 | €126,704 | +€89,696 | +242% |
| Operating profit (loss) | 9901 | -€48,320 | €42,408 | +€90,728 | |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €4,534 | €2,936 | -€1,598 | -35.2% |
| Recurring financial charges | 65 | €4,534 | €2,936 | -€1,598 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | -€52,854 | €39,506 | +€92,360 | |
| Income taxes | 67/77 | -€135 | €293 | +€428 | |
| Profit (loss) for the period | 9904 | -€52,719 | €39,213 | +€91,932 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,719 | €39,213 | +€91,932 |
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 19 October 2026 via checked.be.