INEXIA: what changed
Two fiscal 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.
INEXIA
Largest movements
- Cash -€3,063
down €3,063 (-45.0%), from €6,809 to €3,747
mainly Receivables within one year (-€2,416) and Trade debts (-€2,035)
- Receivables within one year +€2,416
up €2,416 (+32.9%), from €7,340 to €9,756
of which Trade receivables: +€2,430
- Tangible fixed assets +€1,521
new in 2025: €1,521
- Formation expenses -€492
no longer reported in 2025 (was €492)
- Reserves +€4,499
up €4,499 (+90.0%), from €5,000 to €9,499
- Trade debts -€2,035
down €2,035 (-87.5%), from €2,326 to €291
- Tax, wage and social debts -€1,999
down €1,999 (-50.2%), from €3,980 to €1,981
- Gross operating margin -€1,223
down €1,223 (-13.4%), from €9,156 to €7,934
- Depreciation -€784
down €784 (-59.4%), from €1,321 to €537
- Financial charges +€404
up €404 (+448.9%), from €90 to €494
of which Non-recurring financial charges: +€454
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.
Cash bridge derived
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 | €14,641 | €15,107 | +€466 | +3.2% |
| Formation expenses | 20 | €492 | - | -€492 | |
| Fixed assets | 21/28 | - | €1,521 | +€1,521 | |
| Tangible fixed assets | 22/27 | - | €1,521 | +€1,521 | |
| Furniture and vehicles | 24 | - | €1,521 | +€1,521 | |
| Current assets | 29/58 | €14,149 | €13,586 | -€563 | -4.0% |
| Amounts receivable within one year | 40/41 | €7,340 | €9,756 | +€2,416 | +32.9% |
| Trade receivables | 40 | €4,377 | €6,806 | +€2,430 | +55.5% |
| Other amounts receivable | 41 | €2,963 | €2,950 | -€13 | -0.4% |
| Cash at bank and in hand | 54/58 | €6,809 | €3,747 | -€3,063 | -45.0% |
| Deferred charges and accrued income | 490/1 | - | €83 | +€83 | |
| Total equity and liabilities | 10/49 | €14,641 | €15,107 | +€466 | +3.2% |
| Equity | 10/15 | €8,335 | €12,835 | +€4,499 | +54.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €9,499 | +€4,499 | +90.0% |
| Distributable reserves | 133 | €5,000 | €9,499 | +€4,499 | +90.0% |
| Profit (loss) carried forward | 14 | €335 | €335 | = | 0.0% |
| Amounts payable | 17/49 | €6,306 | €2,272 | -€4,034 | -64.0% |
| Amounts payable within one year | 42/48 | €6,306 | €2,272 | -€4,034 | -64.0% |
| Trade debts | 44 | €2,326 | €291 | -€2,035 | -87.5% |
| Suppliers | 440/4 | €2,326 | €291 | -€2,035 | -87.5% |
| Taxes, remuneration and social security | 45 | €3,980 | €1,981 | -€1,999 | -50.2% |
| Taxes | 450/3 | €3,980 | €1,981 | -€1,999 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,321 | €537 | -€784 | -59.4% |
| Gross operating margin | 9900 | €9,156 | €7,934 | -€1,223 | -13.4% |
| Operating profit (loss) | 9901 | €7,835 | €7,397 | -€439 | -5.6% |
| Financial income | 75/76B | €90 | €161 | +€71 | +79.0% |
| Recurring financial income | 75 | €90 | €161 | +€71 | +79.0% |
| Financial charges | 65/66B | €90 | €494 | +€404 | +448.9% |
| Recurring financial charges | 65 | €90 | €40 | -€50 | -55.7% |
| Non-recurring financial charges | 66B | - | €454 | +€454 | |
| Profit (loss) for the period before taxes | 9903 | €7,835 | €7,063 | -€772 | -9.9% |
| Income taxes | 67/77 | €2,500 | €2,564 | +€64 | +2.6% |
| Profit (loss) for the period | 9904 | €5,335 | €4,499 | -€836 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,335 | €4,499 | -€836 | -15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.