inesu-promo: 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.
inesu-promo
Largest movements
- Tangible fixed assets -€140,325
down €140,325 (-22.1%), from €635,392 to €495,067
of which Other tangible fixed assets: -€137,649
- Current investments -€94,850
down €94,850 (-25.4%), from €373,664 to €278,814
- Cash -€49,482
down €49,482 (-72.1%), from €68,636 to €19,154
mainly Net result for the year (-€146,133) and Contributions, distributions and other (-€111,008)
- Receivables within one year +€39,559
up €39,559 (+211%), from €18,767 to €58,326
of which Trade receivables: +€34,146
- Profit (loss) carried forward -€146,133
down €146,133 (-25.2%), from €579,430 to €433,297
- Investment grants -€111,008
down €111,008 (-24.3%), from €456,734 to €345,726
- Gross operating margin -€12,818
down €12,818 (-4.0%), from €321,026 to €308,208
- Financial income -€7,031
down €7,031 (-50.0%), from €14,062 to €7,031
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 | €1,155,505 | €908,049 | -€247,456 | -21.4% |
| Fixed assets | 21/28 | €639,487 | €496,677 | -€142,810 | -22.3% |
| Intangible fixed assets | 21 | €4,095 | €1,610 | -€2,485 | -60.7% |
| Tangible fixed assets | 22/27 | €635,392 | €495,067 | -€140,325 | -22.1% |
| Plant, machinery and equipment | 23 | €1,457 | €729 | -€728 | -50.0% |
| Furniture and vehicles | 24 | €10,397 | €8,449 | -€1,948 | -18.7% |
| Other tangible fixed assets | 26 | €623,538 | €485,889 | -€137,649 | -22.1% |
| Current assets | 29/58 | €516,018 | €411,372 | -€104,646 | -20.3% |
| Stocks and contracts in progress | 3 | €49,511 | €43,321 | -€6,190 | -12.5% |
| Stocks | 30/36 | €49,511 | €43,321 | -€6,190 | -12.5% |
| Amounts receivable within one year | 40/41 | €18,767 | €58,326 | +€39,559 | +211% |
| Trade receivables | 40 | €13,439 | €47,585 | +€34,146 | +254% |
| Other amounts receivable | 41 | €5,328 | €10,741 | +€5,413 | +102% |
| Current investments | 50/53 | €373,664 | €278,814 | -€94,850 | -25.4% |
| Cash at bank and in hand | 54/58 | €68,636 | €19,154 | -€49,482 | -72.1% |
| Deferred charges and accrued income | 490/1 | €5,440 | €11,757 | +€6,317 | +116% |
| Total equity and liabilities | 10/49 | €1,155,505 | €908,049 | -€247,456 | -21.4% |
| Equity | 10/15 | €1,036,164 | €779,023 | -€257,141 | -24.8% |
| Profit (loss) carried forward | 14 | €579,430 | €433,297 | -€146,133 | -25.2% |
| Investment grants | 15 | €456,734 | €345,726 | -€111,008 | -24.3% |
| Amounts payable | 17/49 | €119,341 | €129,026 | +€9,685 | +8.1% |
| Amounts payable within one year | 42/48 | €118,425 | €128,724 | +€10,299 | +8.7% |
| Trade debts | 44 | €46,628 | €74,186 | +€27,558 | +59.1% |
| Suppliers | 440/4 | €46,628 | €74,186 | +€27,558 | +59.1% |
| Taxes, remuneration and social security | 45 | €48,854 | €42,035 | -€6,819 | -14.0% |
| Taxes | 450/3 | €8,121 | €6,656 | -€1,465 | -18.0% |
| Remuneration and social security | 454/9 | €40,733 | €35,379 | -€5,354 | -13.1% |
| Accrued charges and deferred income | 492/3 | €916 | €302 | -€614 | -67.0% |
| Remuneration, social security and pensions | 62 | €308,372 | €305,236 | -€3,136 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,593 | €150,267 | -€1,326 | -0.9% |
| Other operating charges | 640/8 | €2,067 | €1,034 | -€1,033 | -50.0% |
| Gross operating margin | 9900 | €321,026 | €308,208 | -€12,818 | -4.0% |
| Operating profit (loss) | 9901 | -€141,006 | -€148,329 | -€7,323 | -5.2% |
| Financial income | 75/76B | €14,062 | €7,031 | -€7,031 | -50.0% |
| Recurring financial income | 75 | €14,062 | €7,031 | -€7,031 | -50.0% |
| Financial charges | 65/66B | €2,524 | €3,153 | +€629 | +24.9% |
| Recurring financial charges | 65 | €2,524 | €3,153 | +€629 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | -€129,468 | -€144,451 | -€14,983 | -11.6% |
| Income taxes | 67/77 | €4,775 | €1,682 | -€3,093 | -64.8% |
| Profit (loss) for the period | 9904 | -€134,243 | -€146,133 | -€11,890 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€134,243 | -€146,133 | -€11,890 | -8.9% |
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 25 October 2026 via checked.be.