INJOMAR: 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.
INJOMAR
Largest movements
- Current investments +€150,201
up €150,201 (+18.9%), from €792,867 to €943,068
- Cash -€36,450
down €36,450 (-34.2%), from €106,590 to €70,141
mainly Current investments (-€150,201) and Tax, wage and social debts (-€24,612)
- Tangible fixed assets -€22,052
down €22,052 (-24.6%), from €89,509 to €67,457
of which Furniture and vehicles: -€20,688
- Reserves +€127,400
up €127,400 (+13.7%), from €927,754 to €1.1m
of which Distributable reserves: +€127,400
- Tax, wage and social debts -€24,612
down €24,612 (-65.3%), from €37,669 to €13,057
- Other debts -€21,611
down €21,611 (-81.8%), from €26,425 to €4,814
- Gross operating margin -€12,805
down €12,805 (-6.3%), from €201,764 to €188,958
- Taxes -€7,641
down €7,641 (-12.3%), from €61,945 to €54,304
- Financial income -€7,326
down €7,326 (-31.7%), from €23,076 to €15,750
- Depreciation +€4,848
up €4,848 (+28.2%), from €17,205 to €22,052
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 | €1,015,844 | €1,093,338 | +€77,494 | +7.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €89,509 | €67,457 | -€22,052 | -24.6% |
| Tangible fixed assets | 22/27 | €89,509 | €67,457 | -€22,052 | -24.6% |
| Plant, machinery and equipment | 23 | €2,612 | €1,691 | -€921 | -35.3% |
| Furniture and vehicles | 24 | €86,454 | €65,766 | -€20,688 | -23.9% |
| Other tangible fixed assets | 26 | €443 | €0 | -€443 | -100.0% |
| Current assets | 29/58 | €926,335 | €1,025,881 | +€99,546 | +10.7% |
| Amounts receivable within one year | 40/41 | €13,758 | €10,152 | -€3,606 | -26.2% |
| Trade receivables | 40 | €13,758 | €10,152 | -€3,606 | -26.2% |
| Current investments | 50/53 | €792,867 | €943,068 | +€150,201 | +18.9% |
| Cash at bank and in hand | 54/58 | €106,590 | €70,141 | -€36,450 | -34.2% |
| Deferred charges and accrued income | 490/1 | €13,119 | €2,520 | -€10,599 | -80.8% |
| Total equity and liabilities | 10/49 | €1,015,844 | €1,093,338 | +€77,494 | +7.6% |
| Equity | 10/15 | €947,754 | €1,075,154 | +€127,400 | +13.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €927,754 | €1,055,154 | +€127,400 | +13.7% |
| Tax-exempt reserves | 132 | €3,816 | €3,816 | = | 0.0% |
| Distributable reserves | 133 | €923,938 | €1,051,338 | +€127,400 | +13.8% |
| Amounts payable | 17/49 | €68,090 | €18,184 | -€49,906 | -73.3% |
| Amounts payable within one year | 42/48 | €68,090 | €18,184 | -€49,906 | -73.3% |
| Trade debts | 44 | €3,996 | €313 | -€3,682 | -92.2% |
| Suppliers | 440/4 | €3,996 | €313 | -€3,682 | -92.2% |
| Taxes, remuneration and social security | 45 | €37,669 | €13,057 | -€24,612 | -65.3% |
| Taxes | 450/3 | €37,669 | €13,057 | -€24,612 | -65.3% |
| Other amounts payable | 47/48 | €26,425 | €4,814 | -€21,611 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,205 | €22,052 | +€4,848 | +28.2% |
| Other operating charges | 640/8 | €1,218 | €722 | -€497 | -40.8% |
| Gross operating margin | 9900 | €201,764 | €188,958 | -€12,805 | -6.3% |
| Operating profit (loss) | 9901 | €183,341 | €166,184 | -€17,156 | -9.4% |
| Financial income | 75/76B | €23,076 | €15,750 | -€7,326 | -31.7% |
| Recurring financial income | 75 | €23,076 | €15,750 | -€7,326 | -31.7% |
| Financial charges | 65/66B | €117 | €231 | +€114 | +97.3% |
| Recurring financial charges | 65 | €117 | €231 | +€114 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €206,299 | €181,703 | -€24,596 | -11.9% |
| Income taxes | 67/77 | €61,945 | €54,304 | -€7,641 | -12.3% |
| Profit (loss) for the period | 9904 | €144,354 | €127,400 | -€16,955 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €144,354 | €127,400 | -€16,955 | -11.7% |
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 3 October 2026 via checked.be.