INKETO: 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.
INKETO
Largest movements
- Tangible fixed assets +€464,592
up €464,592 (+1314.9%), from €35,333 to €499,925
of which Land and buildings: +€350,986
- Receivables within one year +€100,597
new in 2025: €100,597
of which Trade receivables: +€100,497
- Intangible fixed assets +€43,007
new in 2025: €43,007
- Stocks and contracts +€18,319
new in 2025: €18,319
- Cash +€16,444
up €16,444 (+84.3%), from €19,498 to €35,942
mainly Debts after one year (+€333,486) and Trade debts (+€200,559)
- Debts after one year +€333,486
new in 2025: €333,486
- Trade debts +€200,559
up €200,559 (+8061.5%), from €2,488 to €203,047
- Current portion of long-term debt +€72,595
up €72,595 (+694.5%), from €10,453 to €83,048
- Reserves +€22,493
up €22,493 (+67.8%), from €33,185 to €55,678
- Tax, wage and social debts +€12,182
up €12,182 (+260.1%), from €4,684 to €16,866
- Gross operating margin +€33,587
up €33,587 (+130.3%), from €25,784 to €59,370
- Depreciation +€9,741
up €9,741 (+62.6%), from €15,557 to €25,298
- Financial charges +€5,634
up €5,634 (+383.1%), from €1,471 to €7,105
- Taxes +€4,995
up €4,995 (+173.2%), from €2,884 to €7,880
- Financial income +€2,361
up €2,361 (+99.8%), from €2,365 to €4,726
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 | €57,825 | €703,464 | +€645,639 | +1116.5% |
| Fixed assets | 21/28 | €35,333 | €542,932 | +€507,599 | +1436.6% |
| Intangible fixed assets | 21 | - | €43,007 | +€43,007 | |
| Tangible fixed assets | 22/27 | €35,333 | €499,925 | +€464,592 | +1314.9% |
| Land and buildings | 22 | €13,651 | €364,637 | +€350,986 | +2571.1% |
| Plant, machinery and equipment | 23 | €16,968 | €22,156 | +€5,188 | +30.6% |
| Furniture and vehicles | 24 | €4,714 | €38,874 | +€34,161 | +724.7% |
| Other tangible fixed assets | 26 | - | €74,258 | +€74,258 | |
| Current assets | 29/58 | €22,492 | €160,532 | +€138,039 | +613.7% |
| Stocks and contracts in progress | 3 | - | €18,319 | +€18,319 | |
| Stocks | 30/36 | - | €18,319 | +€18,319 | |
| Amounts receivable within one year | 40/41 | - | €100,597 | +€100,597 | |
| Trade receivables | 40 | - | €100,497 | +€100,497 | |
| Other amounts receivable | 41 | - | €100 | +€100 | |
| Cash at bank and in hand | 54/58 | €19,498 | €35,942 | +€16,444 | +84.3% |
| Deferred charges and accrued income | 490/1 | €2,995 | €5,674 | +€2,679 | +89.5% |
| Total equity and liabilities | 10/49 | €57,825 | €703,464 | +€645,639 | +1116.5% |
| Equity | 10/15 | €38,185 | €60,678 | +€22,493 | +58.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,185 | €55,678 | +€22,493 | +67.8% |
| Distributable reserves | 133 | €33,185 | €55,678 | +€22,493 | +67.8% |
| Amounts payable | 17/49 | €19,640 | €642,785 | +€623,146 | +3172.9% |
| Amounts payable after more than one year | 17 | - | €333,486 | +€333,486 | |
| Financial debts | 170/4 | - | €333,486 | +€333,486 | |
| Amounts payable within one year | 42/48 | €19,640 | €308,279 | +€288,639 | +1469.7% |
| Current portion of amounts payable after more than one year | 42 | €10,453 | €83,048 | +€72,595 | +694.5% |
| Trade debts | 44 | €2,488 | €203,047 | +€200,559 | +8061.5% |
| Suppliers | 440/4 | €2,488 | €203,047 | +€200,559 | +8061.5% |
| Taxes, remuneration and social security | 45 | €4,684 | €16,866 | +€12,182 | +260.1% |
| Taxes | 450/3 | €4,684 | €16,866 | +€12,182 | +260.1% |
| Other amounts payable | 47/48 | €2,015 | €5,318 | +€3,303 | +163.9% |
| Accrued charges and deferred income | 492/3 | - | €1,021 | +€1,021 | |
| Non-recurring operating income | 76A | - | €3,390 | +€3,390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,557 | €25,298 | +€9,741 | +62.6% |
| Other operating charges | 640/8 | €513 | €1,321 | +€808 | +157.4% |
| Gross operating margin | 9900 | €25,784 | €59,370 | +€33,587 | +130.3% |
| Operating profit (loss) | 9901 | €9,714 | €32,752 | +€23,038 | +237.2% |
| Financial income | 75/76B | €2,365 | €4,726 | +€2,361 | +99.8% |
| Recurring financial income | 75 | €2,365 | €4,726 | +€2,361 | +99.8% |
| Financial charges | 65/66B | €1,471 | €7,105 | +€5,634 | +383.1% |
| Recurring financial charges | 65 | €1,471 | €7,105 | +€5,634 | +383.1% |
| Profit (loss) for the period before taxes | 9903 | €10,608 | €30,373 | +€19,764 | +186.3% |
| Income taxes | 67/77 | €2,884 | €7,880 | +€4,995 | +173.2% |
| Profit (loss) for the period | 9904 | €7,724 | €22,493 | +€14,769 | +191.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,724 | €22,493 | +€14,769 | +191.2% |
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 6 October 2026 via checked.be.