INIVAS: 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.
INIVAS
Largest movements
- Cash -€15
down €15 (-1.5%), from €1,024 to €1,009
mainly Net result for the year (-€1,932)
- Deferred charges and accrued income -€12
no longer reported in 2025 (was €12)
- Profit (loss) carried forward -€1,932
down €1,932 (-10.6%), from -€18,233 to -€20,164
- Other debts +€1,905
up €1,905 (+11.1%), from €17,194 to €19,099
- Gross operating margin +€4,302
up €4,302 (+69.8%), from -€6,160 to -€1,859
- Purchases and services +€1,859
new in 2025: €1,859
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 | €1,036 | €1,009 | -€27 | -2.6% |
| Formation expenses | 20 | - | €0 | = | |
| Current assets | 29/58 | €1,036 | €1,009 | -€27 | -2.6% |
| Cash at bank and in hand | 54/58 | €1,024 | €1,009 | -€15 | -1.5% |
| Deferred charges and accrued income | 490/1 | €12 | - | -€12 | |
| Total equity and liabilities | 10/49 | €1,036 | €1,009 | -€27 | -2.6% |
| Equity | 10/15 | -€16,733 | -€18,664 | -€1,932 | -11.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,233 | -€20,164 | -€1,932 | -10.6% |
| Amounts payable | 17/49 | €17,768 | €19,673 | +€1,905 | +10.7% |
| Amounts payable within one year | 42/48 | €17,768 | €19,673 | +€1,905 | +10.7% |
| Trade debts | 44 | €575 | €575 | = | 0.0% |
| Suppliers | 440/4 | €575 | €575 | = | 0.0% |
| Other amounts payable | 47/48 | €17,194 | €19,099 | +€1,905 | +11.1% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,859 | +€1,859 | |
| Gross operating margin | 9900 | -€6,160 | -€1,859 | +€4,302 | +69.8% |
| Operating profit (loss) | 9901 | -€6,160 | -€1,859 | +€4,302 | +69.8% |
| Financial charges | 65/66B | €128 | €73 | -€54 | -42.6% |
| Recurring financial charges | 65 | €128 | €73 | -€54 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,288 | -€1,932 | +€4,356 | +69.3% |
| Profit (loss) for the period | 9904 | -€6,288 | -€1,932 | +€4,356 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,288 | -€1,932 | +€4,356 | +69.3% |
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 28 September 2026 via checked.be.