Inevco: 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.
Inevco
Largest movements
- Tangible fixed assets -€21,828
down €21,828 (-3.5%), from €631,119 to €609,291
- Receivables within one year -€7,234
no longer reported in 2025 (was €7,234)
of which Trade receivables: -€6,697
- Profit (loss) carried forward -€18,206
down €18,206 (-19.3%), from -€94,302 to -€112,508
- Debts after one year -€11,420
down €11,420 (-3.1%), from €363,473 to €352,053
- Gross operating margin +€529
up €529 (+3.7%), from €14,333 to €14,862
- Depreciation +€388
up €388 (+1.8%), from €21,441 to €21,828
- Staff costs +€362
up €362 (+17.0%), from €2,128 to €2,490
- Other operating charges +€160
up €160 (+3.1%), from €5,130 to €5,290
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 | €640,004 | €612,447 | -€27,557 | -4.3% |
| Fixed assets | 21/28 | €631,119 | €609,291 | -€21,828 | -3.5% |
| Tangible fixed assets | 22/27 | €631,119 | €609,291 | -€21,828 | -3.5% |
| Land and buildings | 22 | €631,119 | €609,291 | -€21,828 | -3.5% |
| Current assets | 29/58 | €8,885 | €3,156 | -€5,729 | -64.5% |
| Amounts receivable within one year | 40/41 | €7,234 | - | -€7,234 | |
| Trade receivables | 40 | €6,697 | - | -€6,697 | |
| Other amounts receivable | 41 | €537 | - | -€537 | |
| Cash at bank and in hand | 54/58 | €180 | €1,569 | +€1,389 | +773% |
| Deferred charges and accrued income | 490/1 | €1,470 | €1,588 | +€117 | +8.0% |
| Total equity and liabilities | 10/49 | €640,004 | €612,447 | -€27,557 | -4.3% |
| Equity | 10/15 | €55,698 | €37,493 | -€18,206 | -32.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,302 | -€112,508 | -€18,206 | -19.3% |
| Amounts payable | 17/49 | €584,305 | €574,955 | -€9,351 | -1.6% |
| Amounts payable after more than one year | 17 | €363,473 | €352,053 | -€11,420 | -3.1% |
| Financial debts | 170/4 | €363,473 | €352,053 | -€11,420 | -3.1% |
| Amounts payable within one year | 42/48 | €220,333 | €222,902 | +€2,569 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €11,202 | €11,420 | +€218 | +1.9% |
| Trade debts | 44 | €1,561 | €2,709 | +€1,148 | +73.6% |
| Suppliers | 440/4 | €1,561 | €2,709 | +€1,148 | +73.6% |
| Other amounts payable | 47/48 | €207,570 | €208,773 | +€1,203 | +0.6% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €2,128 | €2,490 | +€362 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,441 | €21,828 | +€388 | +1.8% |
| Other operating charges | 640/8 | €5,130 | €5,290 | +€160 | +3.1% |
| Gross operating margin | 9900 | €14,333 | €14,862 | +€529 | +3.7% |
| Operating profit (loss) | 9901 | -€14,366 | -€14,747 | -€380 | -2.6% |
| Financial charges | 65/66B | €3,597 | €3,459 | -€138 | -3.8% |
| Recurring financial charges | 65 | €3,597 | €3,459 | -€138 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,963 | -€18,206 | -€243 | -1.4% |
| Profit (loss) for the period | 9904 | -€17,963 | -€18,206 | -€243 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,963 | -€18,206 | -€243 | -1.4% |
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 21 October 2026 via checked.be.