INEXIS: 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.
INEXIS
Largest movements
- Cash +€18,264
up €18,264 (+12.9%), from €141,972 to €160,236
mainly Other debts (+€138,024) and Net result for the year (+€19,713)
- Tangible fixed assets -€14,115
down €14,115 (-31.2%), from €45,279 to €31,165
of which Furniture and vehicles: -€14,403
- Other debts +€138,024
up €138,024 (+1,450%), from €9,517 to €147,541
- Reserves -€120,287
down €120,287 (-95.5%), from €125,970 to €5,683
of which Distributable reserves: -€120,287
- Debts after one year -€12,664
down €12,664 (-45.4%), from €27,911 to €15,247
- Gross operating margin -€21,330
down €21,330 (-33.4%), from €63,847 to €42,516
- Taxes -€4,259
down €4,259 (-44.1%), from €9,649 to €5,390
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 | €203,015 | €207,115 | +€4,101 | +2.0% |
| Fixed assets | 21/28 | €45,279 | €31,165 | -€14,115 | -31.2% |
| Tangible fixed assets | 22/27 | €45,279 | €31,165 | -€14,115 | -31.2% |
| Plant, machinery and equipment | 23 | €1,168 | €1,478 | +€309 | +26.5% |
| Furniture and vehicles | 24 | €44,090 | €29,687 | -€14,403 | -32.7% |
| Other tangible fixed assets | 26 | €21 | - | -€21 | |
| Current assets | 29/58 | €157,735 | €175,950 | +€18,215 | +11.5% |
| Amounts receivable within one year | 40/41 | €15,161 | €15,715 | +€554 | +3.7% |
| Trade receivables | 40 | €14,810 | €10,164 | -€4,646 | -31.4% |
| Other amounts receivable | 41 | €351 | €5,551 | +€5,200 | +1,483% |
| Cash at bank and in hand | 54/58 | €141,972 | €160,236 | +€18,264 | +12.9% |
| Deferred charges and accrued income | 490/1 | €602 | - | -€602 | |
| Total equity and liabilities | 10/49 | €203,015 | €207,115 | +€4,101 | +2.0% |
| Equity | 10/15 | €144,570 | €24,283 | -€120,287 | -83.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,970 | €5,683 | -€120,287 | -95.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €124,110 | €3,823 | -€120,287 | -96.9% |
| Amounts payable | 17/49 | €58,444 | €182,832 | +€124,388 | +213% |
| Amounts payable after more than one year | 17 | €27,911 | €15,247 | -€12,664 | -45.4% |
| Financial debts | 170/4 | €27,911 | €15,247 | -€12,664 | -45.4% |
| Amounts payable within one year | 42/48 | €30,053 | €167,168 | +€137,115 | +456% |
| Current portion of amounts payable after more than one year | 42 | €12,301 | €12,664 | +€363 | +3.0% |
| Trade debts | 44 | €1,871 | €2,078 | +€208 | +11.1% |
| Suppliers | 440/4 | €1,871 | €2,078 | +€208 | +11.1% |
| Taxes, remuneration and social security | 45 | €6,365 | €4,885 | -€1,480 | -23.2% |
| Taxes | 450/3 | €6,365 | €4,885 | -€1,480 | -23.2% |
| Other amounts payable | 47/48 | €9,517 | €147,541 | +€138,024 | +1,450% |
| Accrued charges and deferred income | 492/3 | €480 | €416 | -€64 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,094 | €15,159 | +€65 | +0.4% |
| Other operating charges | 640/8 | €715 | €671 | -€44 | -6.1% |
| Non-recurring operating charges | 66A | - | €21 | +€21 | |
| Gross operating margin | 9900 | €63,847 | €42,516 | -€21,330 | -33.4% |
| Operating profit (loss) | 9901 | €48,038 | €26,665 | -€21,373 | -44.5% |
| Financial charges | 65/66B | €1,989 | €1,562 | -€427 | -21.5% |
| Recurring financial charges | 65 | €1,989 | €1,562 | -€427 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €46,049 | €25,103 | -€20,945 | -45.5% |
| Income taxes | 67/77 | €9,649 | €5,390 | -€4,259 | -44.1% |
| Profit (loss) for the period | 9904 | €36,399 | €19,713 | -€16,686 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,399 | €19,713 | -€16,686 | -45.8% |
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 17 October 2026 via checked.be.