INKITHO: 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.
INKITHO
Largest movements
- Receivables within one year -€26,546
down €26,546 (-22.0%), from €120,658 to €94,112
of which Trade receivables: -€23,446
- Tangible fixed assets -€13,718
down €13,718 (-10.5%), from €130,604 to €116,885
of which Land and buildings: -€12,381
- Cash -€4,446
down €4,446 (-57.6%), from €7,715 to €3,269
mainly Net result for the year (-€29,689) and Debts after one year (-€14,338)
- Profit (loss) carried forward -€29,689
down €29,689, from €11,091 to -€18,598
- Debts after one year -€14,338
down €14,338 (-10.9%), from €130,984 to €116,646
- Tax, wage and social debts -€7,431
down €7,431 (-35.7%), from €20,801 to €13,371
of which Taxes: -€10,666
- Staff costs +€32,218
up €32,218 (+38.0%), from €84,764 to €116,982
- Gross operating margin +€3,428
up €3,428 (+3.3%), from €104,248 to €107,676
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 | €262,090 | €217,412 | -€44,679 | -17.0% |
| Fixed assets | 21/28 | €130,967 | €117,248 | -€13,718 | -10.5% |
| Tangible fixed assets | 22/27 | €130,604 | €116,885 | -€13,718 | -10.5% |
| Land and buildings | 22 | €125,505 | €113,124 | -€12,381 | -9.9% |
| Plant, machinery and equipment | 23 | €3,646 | €2,695 | -€951 | -26.1% |
| Furniture and vehicles | 24 | €1,236 | €1,050 | -€186 | -15.1% |
| Other tangible fixed assets | 26 | €217 | €17 | -€200 | -92.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €131,124 | €100,163 | -€30,960 | -23.6% |
| Amounts receivable within one year | 40/41 | €120,658 | €94,112 | -€26,546 | -22.0% |
| Trade receivables | 40 | €73,796 | €50,350 | -€23,446 | -31.8% |
| Other amounts receivable | 41 | €46,863 | €43,762 | -€3,100 | -6.6% |
| Cash at bank and in hand | 54/58 | €7,715 | €3,269 | -€4,446 | -57.6% |
| Deferred charges and accrued income | 490/1 | €2,750 | €2,782 | +€32 | +1.2% |
| Total equity and liabilities | 10/49 | €262,090 | €217,412 | -€44,679 | -17.0% |
| Equity | 10/15 | €51,019 | €21,330 | -€29,689 | -58.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,528 | €27,528 | = | 0.0% |
| Distributable reserves | 133 | €27,528 | €27,528 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,091 | -€18,598 | -€29,689 | |
| Amounts payable | 17/49 | €211,071 | €196,081 | -€14,990 | -7.1% |
| Amounts payable after more than one year | 17 | €130,984 | €116,646 | -€14,338 | -10.9% |
| Financial debts | 170/4 | €130,984 | €116,646 | -€14,338 | -10.9% |
| Amounts payable within one year | 42/48 | €74,402 | €71,132 | -€3,270 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €13,995 | €14,338 | +€343 | +2.5% |
| Trade debts | 44 | €15,736 | €17,886 | +€2,150 | +13.7% |
| Suppliers | 440/4 | €15,736 | €17,886 | +€2,150 | +13.7% |
| Taxes, remuneration and social security | 45 | €20,801 | €13,371 | -€7,431 | -35.7% |
| Taxes | 450/3 | €12,053 | €1,387 | -€10,666 | -88.5% |
| Remuneration and social security | 454/9 | €8,748 | €11,984 | +€3,236 | +37.0% |
| Other amounts payable | 47/48 | €23,870 | €25,538 | +€1,668 | +7.0% |
| Accrued charges and deferred income | 492/3 | €5,685 | €8,303 | +€2,618 | +46.1% |
| Remuneration, social security and pensions | 62 | €84,764 | €116,982 | +€32,218 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,978 | €14,217 | +€239 | +1.7% |
| Other operating charges | 640/8 | €3,352 | €2,884 | -€468 | -14.0% |
| Gross operating margin | 9900 | €104,248 | €107,676 | +€3,428 | +3.3% |
| Operating profit (loss) | 9901 | €2,155 | -€26,408 | -€28,562 | |
| Financial income | 75/76B | €210 | €3 | -€207 | -98.6% |
| Recurring financial income | 75 | €210 | €3 | -€207 | -98.6% |
| Financial charges | 65/66B | €3,610 | €3,145 | -€465 | -12.9% |
| Recurring financial charges | 65 | €3,610 | €3,145 | -€465 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,245 | -€29,550 | -€28,305 | -2273.1% |
| Income taxes | 67/77 | €729 | €139 | -€591 | -81.0% |
| Profit (loss) for the period | 9904 | -€1,974 | -€29,689 | -€27,714 | -1403.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,974 | -€29,689 | -€27,714 | -1403.7% |
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 6 October 2026 via checked.be.