INKOJELILO: 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.
INKOJELILO
Largest movements
- Cash +€31,296
up €31,296 (+54.3%), from €57,634 to €88,930
mainly Net result for the year (+€17,339) and Trade debts (+€7,746)
- Stocks and contracts -€6,900
down €6,900 (-23.6%), from €29,227 to €22,326
- Reserves +€17,339
up €17,339 (+26.0%), from €66,783 to €84,121
of which Distributable reserves: +€17,339
- Trade debts +€7,746
up €7,746 (+828.3%), from €935 to €8,682
- Short-term financial debts -€1,553
down €1,553 (-24.7%), from €6,284 to €4,731
- Gross operating margin -€25,216
down €25,216 (-41.7%), from €60,541 to €35,326
- Staff costs -€12,125
down €12,125 (-52.5%), from €23,101 to €10,976
- Taxes -€2,576
down €2,576 (-35.8%), from €7,198 to €4,622
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 | €99,776 | €123,170 | +€23,394 | +23.4% |
| Fixed assets | 21/28 | €12,146 | €11,549 | -€597 | -4.9% |
| Tangible fixed assets | 22/27 | €796 | €199 | -€597 | -75.0% |
| Plant, machinery and equipment | 23 | €796 | €199 | -€597 | -75.0% |
| Financial fixed assets | 28 | €11,350 | €11,350 | = | 0.0% |
| Current assets | 29/58 | €87,630 | €111,621 | +€23,991 | +27.4% |
| Stocks and contracts in progress | 3 | €29,227 | €22,326 | -€6,900 | -23.6% |
| Stocks | 30/36 | €29,227 | €22,326 | -€6,900 | -23.6% |
| Amounts receivable within one year | 40/41 | €770 | €365 | -€405 | -52.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €770 | €365 | -€405 | -52.6% |
| Cash at bank and in hand | 54/58 | €57,634 | €88,930 | +€31,296 | +54.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €99,776 | €123,170 | +€23,394 | +23.4% |
| Equity | 10/15 | €85,383 | €102,721 | +€17,339 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,783 | €84,121 | +€17,339 | +26.0% |
| Non-distributable reserves | 130/1 | €2,108 | €2,108 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,108 | €2,108 | = | 0.0% |
| Distributable reserves | 133 | €64,675 | €82,014 | +€17,339 | +26.8% |
| Amounts payable | 17/49 | €14,393 | €20,448 | +€6,055 | +42.1% |
| Amounts payable within one year | 42/48 | €14,393 | €20,448 | +€6,055 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | - | €380 | +€380 | |
| Financial debts | 43 | €6,284 | €4,731 | -€1,553 | -24.7% |
| Credit institutions | 430/8 | €6,284 | €4,731 | -€1,553 | -24.7% |
| Trade debts | 44 | €935 | €8,682 | +€7,746 | +828.3% |
| Suppliers | 440/4 | €935 | €8,682 | +€7,746 | +828.3% |
| Taxes, remuneration and social security | 45 | €7,174 | €6,656 | -€519 | -7.2% |
| Taxes | 450/3 | €2,783 | €5,536 | +€2,754 | +99.0% |
| Remuneration and social security | 454/9 | €4,392 | €1,119 | -€3,272 | -74.5% |
| Remuneration, social security and pensions | 62 | €23,101 | €10,976 | -€12,125 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €597 | €597 | = | 0.0% |
| Other operating charges | 640/8 | €1,062 | €1,000 | -€62 | -5.9% |
| Gross operating margin | 9900 | €60,541 | €35,326 | -€25,216 | -41.7% |
| Operating profit (loss) | 9901 | €35,781 | €22,753 | -€13,028 | -36.4% |
| Financial charges | 65/66B | €642 | €792 | +€151 | +23.5% |
| Recurring financial charges | 65 | €642 | €792 | +€151 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €35,140 | €21,961 | -€13,179 | -37.5% |
| Income taxes | 67/77 | €7,198 | €4,622 | -€2,576 | -35.8% |
| Profit (loss) for the period | 9904 | €27,942 | €17,339 | -€10,603 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,942 | €17,339 | -€10,603 | -37.9% |
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 7 October 2026 via checked.be.