InMac: 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.
InMac
Largest movements
- Receivables within one year -€1.6m
down €1.6m (-48.9%), from €3.2m to €1.6m
of which Other amounts receivable: -€1.3m
- Cash +€544,776
up €544,776 (+102.9%), from €529,518 to €1.1m
mainly Receivables within one year (+€1.6m) and Stocks and contracts (+€527,516)
- Stocks and contracts -€527,516
down €527,516 (-42.4%), from €1.2m to €717,517
- Tangible fixed assets +€215,331
up €215,331 (+58.4%), from €368,987 to €584,318
of which Furniture and vehicles: +€131,273
- Trade debts -€1.7m
down €1.7m (-71.1%), from €2.4m to €705,597
- Reserves +€267,079
up €267,079 (+11.1%), from €2.4m to €2.7m
- Tax, wage and social debts +€94,612
new in 2025: €94,612
of which Taxes: +€68,372
- Turnover -€2.0m
down €2.0m (-16.1%), from €12.2m to €10.2m
- Goods and materials -€1.9m
down €1.9m (-16.7%), from €11.3m to €9.4m
of which Purchases: -€2.4m
- Financial income +€322,256
up €322,256 (+283.1%), from €113,823 to €436,079
of which Non-recurring financial income: +€400,000
- Staff costs +€265,320
up €265,320 (+711.4%), from €37,296 to €302,616
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 | €5,391,681 | €4,061,241 | -€1.3m | -24.7% |
| Fixed assets | 21/28 | €396,317 | €604,448 | +€208,131 | +52.5% |
| Intangible fixed assets | 21 | €27,330 | €20,130 | -€7,200 | -26.3% |
| Tangible fixed assets | 22/27 | €368,987 | €584,318 | +€215,331 | +58.4% |
| Plant, machinery and equipment | 23 | €109,470 | €86,380 | -€23,090 | -21.1% |
| Furniture and vehicles | 24 | €21,455 | €152,728 | +€131,273 | +611.9% |
| Other tangible fixed assets | 26 | €238,061 | €345,209 | +€107,148 | +45.0% |
| Current assets | 29/58 | €4,995,364 | €3,456,793 | -€1.5m | -30.8% |
| Stocks and contracts in progress | 3 | €1,245,033 | €717,517 | -€527,516 | -42.4% |
| Stocks | 30/36 | €1,245,033 | €717,517 | -€527,516 | -42.4% |
| Goods purchased for resale | 34 | €1,245,033 | €717,517 | -€527,516 | -42.4% |
| Amounts receivable within one year | 40/41 | €3,214,878 | €1,642,231 | -€1.6m | -48.9% |
| Trade receivables | 40 | €1,665,708 | €1,417,715 | -€247,993 | -14.9% |
| Other amounts receivable | 41 | €1,549,170 | €224,516 | -€1.3m | -85.5% |
| Cash at bank and in hand | 54/58 | €529,518 | €1,074,295 | +€544,776 | +102.9% |
| Deferred charges and accrued income | 490/1 | €5,935 | €22,749 | +€16,814 | +283.3% |
| Total equity and liabilities | 10/49 | €5,391,681 | €4,061,241 | -€1.3m | -24.7% |
| Equity | 10/15 | €2,923,312 | €3,190,390 | +€267,079 | +9.1% |
| Contributions | 10/11 | €510,604 | €510,604 | = | 0.0% |
| Reserves | 13 | €2,412,708 | €2,679,786 | +€267,079 | +11.1% |
| Distributable reserves | 133 | €2,412,708 | €2,679,786 | +€267,079 | +11.1% |
| Amounts payable | 17/49 | €2,468,370 | €870,850 | -€1.6m | -64.7% |
| Amounts payable after more than one year | 17 | - | €43,333 | +€43,333 | |
| Financial debts | 170/4 | - | €43,333 | +€43,333 | |
| Credit institutions | 173 | - | €43,333 | +€43,333 | |
| Amounts payable within one year | 42/48 | €2,438,819 | €815,209 | -€1.6m | -66.6% |
| Current portion of amounts payable after more than one year | 42 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €2,438,819 | €705,597 | -€1.7m | -71.1% |
| Suppliers | 440/4 | €2,438,819 | €705,597 | -€1.7m | -71.1% |
| Taxes, remuneration and social security | 45 | - | €94,612 | +€94,612 | |
| Taxes | 450/3 | - | €68,372 | +€68,372 | |
| Remuneration and social security | 454/9 | - | €26,240 | +€26,240 | |
| Accrued charges and deferred income | 492/3 | €29,551 | €12,308 | -€17,243 | -58.3% |
| Operating income | 70/76A | €12,378,867 | €10,535,907 | -€1.8m | -14.9% |
| Turnover | 70 | €12,174,385 | €10,219,505 | -€2.0m | -16.1% |
| Other operating income | 74 | €204,482 | €295,779 | +€91,297 | +44.6% |
| Non-recurring operating income | 76A | - | €20,623 | +€20,623 | |
| Operating charges | 60/66A | €12,259,663 | €10,603,657 | -€1.7m | -13.5% |
| Goods for resale, raw materials and consumables | 60 | €11,308,348 | €9,424,528 | -€1.9m | -16.7% |
| Purchases | 600/8 | €11,292,983 | €8,897,012 | -€2.4m | -21.2% |
| Change in stocks: decrease (increase) | 609 | €15,366 | €527,516 | +€512,150 | +3333.1% |
| Services and other goods | 61 | €787,201 | €680,832 | -€106,368 | -13.5% |
| Remuneration, social security and pensions | 62 | €37,296 | €302,616 | +€265,320 | +711.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,086 | €178,118 | +€62,032 | +53.4% |
| Other operating charges | 640/8 | €10,732 | €17,563 | +€6,831 | +63.7% |
| Operating profit (loss) | 9901 | €119,204 | -€67,749 | -€186,954 | |
| Financial income | 75/76B | €113,823 | €436,079 | +€322,256 | +283.1% |
| Recurring financial income | 75 | €113,823 | €36,079 | -€77,744 | -68.3% |
| Income from current assets | 751 | - | €3,692 | +€3,692 | |
| Other financial income | 752/9 | €113,823 | €32,387 | -€81,436 | -71.5% |
| Non-recurring financial income | 76B | - | €400,000 | +€400,000 | |
| Financial charges | 65/66B | €994 | €6,709 | +€5,715 | +575.2% |
| Recurring financial charges | 65 | €994 | €6,709 | +€5,715 | +575.2% |
| Debt charges | 650 | €8 | €921 | +€912 | +10938.0% |
| Other financial charges | 652/9 | €985 | €5,788 | +€4,803 | +487.5% |
| Profit (loss) for the period before taxes | 9903 | €232,033 | €361,621 | +€129,587 | +55.8% |
| Income taxes | 67/77 | €58,460 | €94,542 | +€36,082 | +61.7% |
| Taxes | 670/3 | €58,460 | €94,542 | +€36,082 | +61.7% |
| Profit (loss) for the period | 9904 | €173,574 | €267,079 | +€93,505 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €173,574 | €267,079 | +€93,505 | +53.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.