INJACO: 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.
INJACO
Largest movements
- Cash -€96,717
down €96,717 (-93.9%), from €102,997 to €6,279
mainly Investment in fixed assets (net) (-€86,030) and Net result for the year (-€46,663)
- Tangible fixed assets +€51,263
up €51,263 (+5.3%), from €966,491 to €1.0m
of which Land and buildings: +€55,722
- Other debts +€53,329
up €53,329 (+8.5%), from €627,194 to €680,524
- Profit (loss) carried forward -€46,663
down €46,663 (-30.1%), from -€155,181 to -€201,844
- Trade debts -€36,639
no longer reported in 2025 (was €36,639)
- Debts after one year -€17,697
down €17,697 (-5.6%), from €316,348 to €298,651
- Depreciation +€11,769
up €11,769 (+51.2%), from €22,998 to €34,766
- Gross operating margin -€10,062
down €10,062 (-82.3%), from €12,226 to €2,164
- Financial income -€3,128
down €3,128 (-92.8%), from €3,372 to €244
- Financial charges +€1,523
up €1,523 (+17.9%), from €8,485 to €10,008
- Other operating charges -€949
down €949 (-18.1%), from €5,246 to €4,297
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 | €1,069,487 | €1,024,118 | -€45,369 | -4.2% |
| Fixed assets | 21/28 | €966,491 | €1,017,754 | +€51,263 | +5.3% |
| Tangible fixed assets | 22/27 | €966,491 | €1,017,754 | +€51,263 | +5.3% |
| Land and buildings | 22 | €932,258 | €987,980 | +€55,722 | +6.0% |
| Plant, machinery and equipment | 23 | €34,233 | €29,774 | -€4,459 | -13.0% |
| Current assets | 29/58 | €102,997 | €6,364 | -€96,633 | -93.8% |
| Amounts receivable within one year | 40/41 | - | €85 | +€85 | |
| Trade receivables | 40 | - | €85 | +€85 | |
| Cash at bank and in hand | 54/58 | €102,997 | €6,279 | -€96,717 | -93.9% |
| Total equity and liabilities | 10/49 | €1,069,487 | €1,024,118 | -€45,369 | -4.2% |
| Equity | 10/15 | €89,306 | €42,643 | -€46,663 | -52.3% |
| Contributions | 10/11 | €223,000 | €223,000 | = | 0.0% |
| Capital | 10 | €223,000 | €223,000 | = | 0.0% |
| Issued capital | 100 | €223,000 | €223,000 | = | 0.0% |
| Reserves | 13 | €21,487 | €21,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,487 | €21,487 | = | 0.0% |
| Legal reserve | 130 | €21,487 | €21,487 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,181 | -€201,844 | -€46,663 | -30.1% |
| Amounts payable | 17/49 | €980,181 | €981,475 | +€1,294 | +0.1% |
| Amounts payable after more than one year | 17 | €316,348 | €298,651 | -€17,697 | -5.6% |
| Financial debts | 170/4 | €316,348 | €298,651 | -€17,697 | -5.6% |
| Amounts payable within one year | 42/48 | €663,833 | €682,824 | +€18,991 | +2.9% |
| Trade debts | 44 | €36,639 | - | -€36,639 | |
| Suppliers | 440/4 | €36,639 | - | -€36,639 | |
| Advances received on contracts in progress | 46 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €627,194 | €680,524 | +€53,329 | +8.5% |
| Non-recurring operating income | 76A | - | €96 | +€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,998 | €34,766 | +€11,769 | +51.2% |
| Other operating charges | 640/8 | €5,246 | €4,297 | -€949 | -18.1% |
| Non-recurring operating charges | 66A | €18,785 | - | -€18,785 | |
| Gross operating margin | 9900 | €12,226 | €2,164 | -€10,062 | -82.3% |
| Operating profit (loss) | 9901 | -€34,803 | -€36,899 | -€2,097 | -6.0% |
| Financial income | 75/76B | €3,372 | €244 | -€3,128 | -92.8% |
| Recurring financial income | 75 | €3,372 | €244 | -€3,128 | -92.8% |
| Financial charges | 65/66B | €8,485 | €10,008 | +€1,523 | +17.9% |
| Recurring financial charges | 65 | €8,485 | €10,008 | +€1,523 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€39,916 | -€46,663 | -€6,748 | -16.9% |
| Profit (loss) for the period | 9904 | -€39,916 | -€46,663 | -€6,748 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,916 | -€46,663 | -€6,748 | -16.9% |
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 13 October 2026 via checked.be.