INHERENT: what changed
INHERENT
Largest movements
- Receivables within one year +€18,828
up €18,828 (+31.5%), from €59,788 to €78,616
of which Trade receivables: +€16,888
- Tangible fixed assets -€15,157
down €15,157 (-7.1%), from €214,512 to €199,355
of which Land and buildings: -€8,615
- Intangible fixed assets -€5,000
down €5,000 (-12.7%), from €39,384 to €34,384
- Profit (loss) carried forward +€28,126
up €28,126 (+277%), from €10,152 to €38,278
- Trade debts -€20,521
no longer reported in 2025 (was €20,521)
- Debts after one year -€18,350
down €18,350 (-10.0%), from €183,279 to €164,929
- Tax, wage and social debts +€10,815
up €10,815 (+62.2%), from €17,375 to €28,190
of which Taxes: +€9,307
- Gross operating margin +€33,680
up €33,680 (+93.5%), from €36,029 to €69,710
- Taxes +€9,599
up €9,599 (+237%), from €4,046 to €13,644
- Financial charges -€2,176
down €2,176 (-27.0%), from €8,050 to €5,874
Change in the result, 2024 to 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.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,101 | €314,153 | -€1,947 | -0.6% |
| Fixed assets | 21/28 | €254,545 | €233,739 | -€20,807 | -8.2% |
| Intangible fixed assets | 21 | €39,384 | €34,384 | -€5,000 | -12.7% |
| Tangible fixed assets | 22/27 | €214,512 | €199,355 | -€15,157 | -7.1% |
| Land and buildings | 22 | €205,506 | €196,891 | -€8,615 | -4.2% |
| Furniture and vehicles | 24 | €9,006 | €2,464 | -€6,542 | -72.6% |
| Financial fixed assets | 28 | €650 | - | -€650 | |
| Current assets | 29/58 | €61,555 | €80,415 | +€18,859 | +30.6% |
| Amounts receivable within one year | 40/41 | €59,788 | €78,616 | +€18,828 | +31.5% |
| Trade receivables | 40 | €21,274 | €38,162 | +€16,888 | +79.4% |
| Other amounts receivable | 41 | €38,515 | €40,454 | +€1,939 | +5.0% |
| Cash at bank and in hand | 54/58 | €1,649 | €1,014 | -€636 | -38.5% |
| Deferred charges and accrued income | 490/1 | €118 | €785 | +€667 | +567% |
| Total equity and liabilities | 10/49 | €316,101 | €314,153 | -€1,947 | -0.6% |
| Equity | 10/15 | €10,452 | €38,578 | +€28,126 | +269% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,152 | €38,278 | +€28,126 | +277% |
| Amounts payable | 17/49 | €305,649 | €275,575 | -€30,074 | -9.8% |
| Amounts payable after more than one year | 17 | €183,279 | €164,929 | -€18,350 | -10.0% |
| Financial debts | 170/4 | €183,279 | €164,929 | -€18,350 | -10.0% |
| Amounts payable within one year | 42/48 | €122,370 | €110,646 | -€11,724 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €21,383 | €18,350 | -€3,033 | -14.2% |
| Trade debts | 44 | €20,521 | - | -€20,521 | |
| Suppliers | 440/4 | €20,521 | - | -€20,521 | |
| Taxes, remuneration and social security | 45 | €17,375 | €28,190 | +€10,815 | +62.2% |
| Taxes | 450/3 | €9,837 | €19,145 | +€9,307 | +94.6% |
| Remuneration and social security | 454/9 | €7,538 | €9,045 | +€1,508 | +20.0% |
| Other amounts payable | 47/48 | €63,091 | €64,106 | +€1,016 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,882 | €20,157 | +€275 | +1.4% |
| Other operating charges | 640/8 | €1,398 | €1,908 | +€510 | +36.5% |
| Gross operating margin | 9900 | €36,029 | €69,710 | +€33,680 | +93.5% |
| Operating profit (loss) | 9901 | €14,750 | €47,645 | +€32,896 | +223% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,050 | €5,874 | -€2,176 | -27.0% |
| Recurring financial charges | 65 | €8,050 | €5,874 | -€2,176 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €6,699 | €41,771 | +€35,072 | +524% |
| Income taxes | 67/77 | €4,046 | €13,644 | +€9,599 | +237% |
| Profit (loss) for the period | 9904 | €2,654 | €28,126 | +€25,473 | +960% |
| Profit (loss) for the period to be appropriated | 9905 | €2,654 | €28,126 | +€25,473 | +960% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.