INEX: what changed
What changed
INEX
NACE 64.910, Financial service activities, except insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€546,773
31-12-2024 · €448,909+€97,864
Equity
€10.4m
31-12-2024 · €9.8m+€546,773
Cash
€801,700
31-12-2024 · €208,345+€593,355
Balance sheet total
€12.3m
31-12-2024 · €11.4m+€912,051
Largest movements
Assets
- Cash +€593,355
up €593,355 (+285%), from €208,345 to €801,700
mainly Net result for the year (+€546,773) and Depreciation (+€434,195)
- Tangible fixed assets +€482,386
up €482,386 (+6.7%), from €7.2m to €7.7m
of which Assets under construction and advance payments: +€568,842
Equity and liabilities
- Profit (loss) carried forward +€546,773
up €546,773 (+11.5%), from €4.8m to €5.3m
- Trade debts +€319,495
up €319,495 (+102%), from €314,012 to €633,507
Income statement
- Services and other goods -€283,837
down €283,837 (-26.2%), from €1.1m to €800,057
- Financial income -€56,877
down €56,877 (-42.9%), from €132,500 to €75,623
of which Financial income: -€56,878
- Other operating income -€42,024
down €42,024 (-95.4%), from €44,042 to €2,019
- Other operating charges +€34,643
up €34,643 (+18.6%), from €186,595 to €221,238
- Turnover -€32,284
down €32,284 (-1.5%), from €2.2m to €2.2m
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
€448,909
Turnover
-€32,284
Other operating income
-€42,024
Services and other goods
+€283,837
Staff costs
+€571
Depreciation
+€3,939
Other operating charges
-€34,643
Financial income
-€56,877
Financial charges
-€954
Taxes
-€23,701
Result 31-12-2025
€546,773
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.4m
Investment
-€802,709
Financing
€0
Cash 31-12-2024
€208,345
From operations (derived)
+€1.4m
Net result for the year
+€546,773
Depreciation
+€434,195
Receivables within one year
+€49,818
Trade debts
+€319,495
Tax, wage and social debts
+€490
Other debts
+€45,293
Investment (derived)
-€802,709
Investment in fixed assets (net)
-€916,581
Current investments
+€113,872
Cash 31-12-2025
€801,700
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,352,578 | €12,264,629 | +€912,051 | +8.0% |
| Fixed assets | 21/28 | €7,224,400 | €7,706,786 | +€482,386 | +6.7% |
| Tangible fixed assets | 22/27 | €7,219,417 | €7,701,803 | +€482,386 | +6.7% |
| Land and buildings | 22 | €6,578,310 | €6,532,140 | -€46,170 | -0.7% |
| Plant, machinery and equipment | 23 | €376,189 | €335,904 | -€40,285 | -10.7% |
| Assets under construction and advance payments | 27 | €264,918 | €833,759 | +€568,842 | +215% |
| Financial fixed assets | 28 | €4,983 | €4,983 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,983 | €4,983 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,983 | €4,983 | = | 0.0% |
| Current assets | 29/58 | €4,128,178 | €4,557,843 | +€429,665 | +10.4% |
| Amounts receivable within one year | 40/41 | €201,790 | €151,972 | -€49,818 | -24.7% |
| Trade receivables | 40 | €130,085 | €120,325 | -€9,759 | -7.5% |
| Other amounts receivable | 41 | €71,706 | €31,647 | -€40,059 | -55.9% |
| Current investments | 50/53 | €3,718,043 | €3,604,172 | -€113,872 | -3.1% |
| Other investments | 51/53 | €3,718,043 | €3,604,172 | -€113,872 | -3.1% |
| Cash at bank and in hand | 54/58 | €208,345 | €801,700 | +€593,355 | +285% |
| Total equity and liabilities | 10/49 | €11,352,578 | €12,264,629 | +€912,051 | +8.0% |
| Equity | 10/15 | €9,814,098 | €10,360,872 | +€546,773 | +5.6% |
| Contributions | 10/11 | €111,817 | €111,817 | = | 0.0% |
| Reserves | 13 | €4,949,786 | €4,949,786 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,097 | €38,097 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,441 | €13,441 | = | 0.0% |
| Other | 1319 | €24,656 | €24,656 | = | 0.0% |
| Tax-exempt reserves | 132 | €732,369 | €732,369 | = | 0.0% |
| Distributable reserves | 133 | €4,179,319 | €4,179,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,752,496 | €5,299,269 | +€546,773 | +11.5% |
| Amounts payable | 17/49 | €1,538,480 | €1,903,758 | +€365,278 | +23.7% |
| Amounts payable within one year | 42/48 | €1,538,480 | €1,903,758 | +€365,278 | +23.7% |
| Trade debts | 44 | €314,012 | €633,507 | +€319,495 | +102% |
| Suppliers | 440/4 | €314,012 | €633,507 | +€319,495 | +102% |
| Taxes, remuneration and social security | 45 | €6,335 | €6,825 | +€490 | +7.7% |
| Taxes | 450/3 | €1,343 | €1,444 | +€101 | +7.5% |
| Remuneration and social security | 454/9 | €4,992 | €5,381 | +€389 | +7.8% |
| Other amounts payable | 47/48 | €1,218,132 | €1,263,425 | +€45,293 | +3.7% |
| Operating income | 70/76A | €2,258,232 | €2,183,924 | -€74,308 | -3.3% |
| Turnover | 70 | €2,214,189 | €2,181,905 | -€32,284 | -1.5% |
| Other operating income | 74 | €44,042 | €2,019 | -€42,024 | -95.4% |
| Operating charges | 60/66A | €1,779,352 | €1,525,649 | -€253,704 | -14.3% |
| Services and other goods | 61 | €1,083,893 | €800,057 | -€283,837 | -26.2% |
| Remuneration, social security and pensions | 62 | €70,730 | €70,160 | -€571 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438,134 | €434,195 | -€3,939 | -0.9% |
| Other operating charges | 640/8 | €186,595 | €221,238 | +€34,643 | +18.6% |
| Operating profit (loss) | 9901 | €478,879 | €658,275 | +€179,396 | +37.5% |
| Financial income | 75/76B | €132,500 | €75,623 | -€56,877 | -42.9% |
| Recurring financial income | 75 | €132,500 | €75,622 | -€56,878 | -42.9% |
| Income from current assets | 751 | €132,500 | €75,622 | -€56,878 | -42.9% |
| Non-recurring financial income | 76B | - | €1 | +€1 | |
| Financial charges | 65/66B | €12,071 | €13,024 | +€954 | +7.9% |
| Recurring financial charges | 65 | €12,070 | €13,024 | +€954 | +7.9% |
| Other financial charges | 652/9 | €12,070 | €13,024 | +€954 | +7.9% |
| Non-recurring financial charges | 66B | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €599,309 | €720,874 | +€121,566 | +20.3% |
| Income taxes | 67/77 | €150,400 | €174,101 | +€23,701 | +15.8% |
| Taxes | 670/3 | €150,400 | €174,101 | +€23,701 | +15.8% |
| Profit (loss) for the period | 9904 | €448,909 | €546,773 | +€97,864 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €448,909 | €546,773 | +€97,864 | +21.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.