INIGO ADVISORY: 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.
INIGO ADVISORY
Largest movements
- Cash +€100,918
up €100,918 (+107%), from €94,639 to €195,557
mainly Net result for the year (+€109,689) and Tax, wage and social debts (+€6,494)
- Receivables within one year +€2,686
up €2,686 (+31.9%), from €8,412 to €11,098
of which Other amounts receivable: +€2,382
- Tangible fixed assets +€2,626
new in 2025: €2,626
- Reserves +€109,689
up €109,689 (+173%), from €63,264 to €172,953
- Trade debts -€8,225
down €8,225 (-79.3%), from €10,375 to €2,150
- Tax, wage and social debts +€6,494
up €6,494 (+24.1%), from €26,913 to €33,406
- Gross operating margin +€62,187
up €62,187 (+77.6%), from €80,090 to €142,276
- Taxes +€15,140
up €15,140 (+88.9%), from €17,030 to €32,170
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 | €103,052 | €211,010 | +€107,958 | +105% |
| Fixed assets | 21/28 | - | €4,355 | +€4,355 | |
| Tangible fixed assets | 22/27 | - | €2,626 | +€2,626 | |
| Furniture and vehicles | 24 | - | €2,626 | +€2,626 | |
| Financial fixed assets | 28 | - | €1,729 | +€1,729 | |
| Current assets | 29/58 | €103,052 | €206,655 | +€103,603 | +101% |
| Amounts receivable within one year | 40/41 | €8,412 | €11,098 | +€2,686 | +31.9% |
| Trade receivables | 40 | - | €304 | +€304 | |
| Other amounts receivable | 41 | €8,412 | €10,794 | +€2,382 | +28.3% |
| Cash at bank and in hand | 54/58 | €94,639 | €195,557 | +€100,918 | +107% |
| Total equity and liabilities | 10/49 | €103,052 | €211,010 | +€107,958 | +105% |
| Equity | 10/15 | €65,764 | €175,453 | +€109,689 | +167% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €63,264 | €172,953 | +€109,689 | +173% |
| Distributable reserves | 133 | €63,264 | €172,953 | +€109,689 | +173% |
| Amounts payable | 17/49 | €37,288 | €35,557 | -€1,731 | -4.6% |
| Amounts payable within one year | 42/48 | €37,288 | €35,557 | -€1,731 | -4.6% |
| Trade debts | 44 | €10,375 | €2,150 | -€8,225 | -79.3% |
| Suppliers | 440/4 | €10,375 | €2,150 | -€8,225 | -79.3% |
| Taxes, remuneration and social security | 45 | €26,913 | €33,406 | +€6,494 | +24.1% |
| Taxes | 450/3 | €26,913 | €33,406 | +€6,494 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €602 | +€602 | |
| Other operating charges | 640/8 | - | €238 | +€238 | |
| Gross operating margin | 9900 | €80,090 | €142,276 | +€62,187 | +77.6% |
| Operating profit (loss) | 9901 | €80,090 | €141,436 | +€61,346 | +76.6% |
| Financial income | 75/76B | €271 | €531 | +€259 | +95.7% |
| Recurring financial income | 75 | €271 | €531 | +€259 | +95.7% |
| Financial charges | 65/66B | €66 | €107 | +€40 | +60.9% |
| Recurring financial charges | 65 | €66 | €107 | +€40 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €80,295 | €141,859 | +€61,565 | +76.7% |
| Income taxes | 67/77 | €17,030 | €32,170 | +€15,140 | +88.9% |
| Profit (loss) for the period | 9904 | €63,264 | €109,689 | +€46,425 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,264 | €109,689 | +€46,425 | +73.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.