INEXSA: 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.
INEXSA
Largest movements
- Current investments +€150,000
up €150,000 (+300.0%), from €50,000 to €200,000
- Receivables within one year -€38,565
down €38,565 (-66.9%), from €57,661 to €19,096
of which Other amounts receivable: -€41,066
- Cash -€9,433
down €9,433 (-7.7%), from €122,398 to €112,965
mainly Current investments (-€150,000) and Contributions, distributions and other (-€7,859)
- Reserves +€83,000
up €83,000 (+43.8%), from €189,300 to €272,300
- Trade debts +€11,876
up €11,876 (+57.4%), from €20,702 to €32,578
- Tax, wage and social debts +€9,937
up €9,937 (+165.1%), from €6,017 to €15,954
- Gross operating margin +€45,715
up €45,715 (+54.0%), from €84,589 to €130,304
- Taxes +€15,232
up €15,232 (+68.7%), from €22,163 to €37,395
- Depreciation -€7,103
down €7,103 (-76.9%), from €9,238 to €2,135
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 | €236,126 | €341,400 | +€105,274 | +44.6% |
| Fixed assets | 21/28 | €4,531 | €7,757 | +€3,227 | +71.2% |
| Tangible fixed assets | 22/27 | €4,231 | €7,457 | +€3,227 | +76.3% |
| Furniture and vehicles | 24 | €4,231 | €7,457 | +€3,227 | +76.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €231,595 | €333,643 | +€102,048 | +44.1% |
| Amounts receivable within one year | 40/41 | €57,661 | €19,096 | -€38,565 | -66.9% |
| Trade receivables | 40 | €16,591 | €19,093 | +€2,501 | +15.1% |
| Other amounts receivable | 41 | €41,070 | €4 | -€41,066 | -100.0% |
| Current investments | 50/53 | €50,000 | €200,000 | +€150,000 | +300.0% |
| Cash at bank and in hand | 54/58 | €122,398 | €112,965 | -€9,433 | -7.7% |
| Deferred charges and accrued income | 490/1 | €1,536 | €1,582 | +€46 | +3.0% |
| Total equity and liabilities | 10/49 | €236,126 | €341,400 | +€105,274 | +44.6% |
| Equity | 10/15 | €208,805 | €292,199 | +€83,394 | +39.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189,300 | €272,300 | +€83,000 | +43.8% |
| Distributable reserves | 133 | €189,300 | €272,300 | +€83,000 | +43.8% |
| Profit (loss) carried forward | 14 | €905 | €1,299 | +€394 | +43.5% |
| Amounts payable | 17/49 | €27,320 | €49,201 | +€21,881 | +80.1% |
| Amounts payable within one year | 42/48 | €27,320 | €49,201 | +€21,881 | +80.1% |
| Trade debts | 44 | €20,702 | €32,578 | +€11,876 | +57.4% |
| Suppliers | 440/4 | €20,702 | €32,578 | +€11,876 | +57.4% |
| Taxes, remuneration and social security | 45 | €6,017 | €15,954 | +€9,937 | +165.1% |
| Taxes | 450/3 | €6,017 | €15,954 | +€9,937 | +165.1% |
| Other amounts payable | 47/48 | €601 | €669 | +€67 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,238 | €2,135 | -€7,103 | -76.9% |
| Other operating charges | 640/8 | €451 | €1,628 | +€1,177 | +260.8% |
| Gross operating margin | 9900 | €84,589 | €130,304 | +€45,715 | +54.0% |
| Operating profit (loss) | 9901 | €74,900 | €126,542 | +€51,642 | +68.9% |
| Financial income | 75/76B | €2,566 | €2,292 | -€274 | -10.7% |
| Recurring financial income | 75 | €2,566 | €2,292 | -€274 | -10.7% |
| Financial charges | 65/66B | €423 | €186 | -€237 | -56.0% |
| Recurring financial charges | 65 | €423 | €186 | -€237 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €77,043 | €128,648 | +€51,605 | +67.0% |
| Income taxes | 67/77 | €22,163 | €37,395 | +€15,232 | +68.7% |
| Profit (loss) for the period | 9904 | €54,880 | €91,253 | +€36,373 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,880 | €91,253 | +€36,373 | +66.3% |
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 5 October 2026 via checked.be.