INKRE: 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.
INKRE
Largest movements
- Receivables within one year +€16,703
up €16,703 (+43.1%), from €38,790 to €55,494
of which Trade receivables: +€8,918
- Cash +€11,569
up €11,569 (+12.3%), from €94,005 to €105,574
mainly Net result for the year (+€47,935) and Tax, wage and social debts (+€15,872)
- Stocks and contracts +€4,500
up €4,500 (+137%), from €3,295 to €7,795
- Tangible fixed assets +€3,823
up €3,823 (+8.5%), from €44,892 to €48,715
of which Plant, machinery and equipment: +€9,684
- Reserves +€22,935
up €22,935 (+23.4%), from €97,877 to €120,812
of which Distributable reserves: +€22,935
- Tax, wage and social debts +€15,872
up €15,872 (+68.2%), from €23,275 to €39,147
of which Taxes: +€18,506
- Debts after one year -€6,131
down €6,131 (-26.8%), from €22,853 to €16,721
- Trade debts +€5,018
up €5,018 (+74.9%), from €6,703 to €11,721
- Staff costs -€19,567
down €19,567 (-15.8%), from €124,147 to €104,580
- Taxes +€5,789
up €5,789 (+49.5%), from €11,695 to €17,484
- Gross operating margin +€4,736
up €4,736 (+2.6%), from €180,852 to €185,587
- Depreciation +€1,989
up €1,989 (+24.4%), from €8,136 to €10,125
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 | €185,805 | €224,221 | +€38,415 | +20.7% |
| Fixed assets | 21/28 | €49,304 | €53,127 | +€3,823 | +7.8% |
| Tangible fixed assets | 22/27 | €44,892 | €48,715 | +€3,823 | +8.5% |
| Plant, machinery and equipment | 23 | €7,075 | €16,759 | +€9,684 | +137% |
| Furniture and vehicles | 24 | €8,900 | €6,690 | -€2,210 | -24.8% |
| Other tangible fixed assets | 26 | €28,917 | €25,266 | -€3,651 | -12.6% |
| Financial fixed assets | 28 | €4,412 | €4,412 | = | 0.0% |
| Current assets | 29/58 | €136,501 | €171,093 | +€34,592 | +25.3% |
| Stocks and contracts in progress | 3 | €3,295 | €7,795 | +€4,500 | +137% |
| Stocks | 30/36 | €3,295 | €7,795 | +€4,500 | +137% |
| Amounts receivable within one year | 40/41 | €38,790 | €55,494 | +€16,703 | +43.1% |
| Trade receivables | 40 | €2,619 | €11,537 | +€8,918 | +340% |
| Other amounts receivable | 41 | €36,171 | €43,956 | +€7,785 | +21.5% |
| Cash at bank and in hand | 54/58 | €94,005 | €105,574 | +€11,569 | +12.3% |
| Deferred charges and accrued income | 490/1 | €411 | €2,231 | +€1,820 | +443% |
| Total equity and liabilities | 10/49 | €185,805 | €224,221 | +€38,415 | +20.7% |
| Equity | 10/15 | €104,077 | €127,012 | +€22,935 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €97,877 | €120,812 | +€22,935 | +23.4% |
| Tax-exempt reserves | 132 | €534 | €534 | = | 0.0% |
| Distributable reserves | 133 | €97,343 | €120,278 | +€22,935 | +23.6% |
| Amounts payable | 17/49 | €81,729 | €97,208 | +€15,480 | +18.9% |
| Amounts payable after more than one year | 17 | €22,853 | €16,721 | -€6,131 | -26.8% |
| Financial debts | 170/4 | €22,853 | €16,721 | -€6,131 | -26.8% |
| Amounts payable within one year | 42/48 | €57,615 | €79,059 | +€21,444 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €5,836 | €6,131 | +€295 | +5.1% |
| Trade debts | 44 | €6,703 | €11,721 | +€5,018 | +74.9% |
| Suppliers | 440/4 | €6,703 | €11,721 | +€5,018 | +74.9% |
| Taxes, remuneration and social security | 45 | €23,275 | €39,147 | +€15,872 | +68.2% |
| Taxes | 450/3 | €11,023 | €29,529 | +€18,506 | +168% |
| Remuneration and social security | 454/9 | €12,252 | €9,618 | -€2,634 | -21.5% |
| Other amounts payable | 47/48 | €21,802 | €22,061 | +€259 | +1.2% |
| Accrued charges and deferred income | 492/3 | €1,261 | €1,428 | +€167 | +13.2% |
| Remuneration, social security and pensions | 62 | €124,147 | €104,580 | -€19,567 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,136 | €10,125 | +€1,989 | +24.4% |
| Other operating charges | 640/8 | €586 | €369 | -€217 | -37.1% |
| Gross operating margin | 9900 | €180,852 | €185,587 | +€4,736 | +2.6% |
| Operating profit (loss) | 9901 | €47,983 | €70,514 | +€22,531 | +47.0% |
| Financial income | 75/76B | €622 | €566 | -€55 | -8.9% |
| Recurring financial income | 75 | €622 | €566 | -€55 | -8.9% |
| Financial charges | 65/66B | €5,627 | €5,660 | +€33 | +0.6% |
| Recurring financial charges | 65 | €5,627 | €5,660 | +€33 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €42,978 | €65,420 | +€22,442 | +52.2% |
| Income taxes | 67/77 | €11,695 | €17,484 | +€5,789 | +49.5% |
| Profit (loss) for the period | 9904 | €31,282 | €47,935 | +€16,653 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,282 | €47,935 | +€16,653 | +53.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.