INMO-EM: 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.
INMO-EM
Largest movements
- Cash -€92,940
down €92,940 (-45.9%), from €202,320 to €109,380
mainly Other debts (-€106,013) and Receivables within one year (-€25,441)
- Receivables within one year +€25,441
up €25,441 (+11207.5%), from €227 to €25,668
- Tangible fixed assets -€3,712
down €3,712 (-6.0%), from €61,524 to €57,812
- Other debts -€106,013
down €106,013 (-98.2%), from €107,963 to €1,950
- Reserves +€43,232
up €43,232 (+80.0%), from €54,041 to €97,273
of which Distributable reserves: +€43,232
- Tax, wage and social debts -€4,312
no longer reported in 2025 (was €4,312)
- Gross operating margin -€3,549
down €3,549 (-5.4%), from €66,198 to €62,649
- Financial income -€2,582
down €2,582 (-47.3%), from €5,460 to €2,878
- Taxes -€2,001
down €2,001 (-12.2%), from €16,411 to €14,410
- Other operating charges +€955
up €955 (+17.6%), from €5,428 to €6,383
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 | €264,071 | €192,860 | -€71,211 | -27.0% |
| Fixed assets | 21/28 | €61,524 | €57,812 | -€3,712 | -6.0% |
| Tangible fixed assets | 22/27 | €61,524 | €57,812 | -€3,712 | -6.0% |
| Land and buildings | 22 | €61,524 | €57,812 | -€3,712 | -6.0% |
| Current assets | 29/58 | €202,547 | €135,048 | -€67,499 | -33.3% |
| Amounts receivable within one year | 40/41 | €227 | €25,668 | +€25,441 | +11207.5% |
| Other amounts receivable | 41 | €227 | €25,668 | +€25,441 | +11207.5% |
| Cash at bank and in hand | 54/58 | €202,320 | €109,380 | -€92,940 | -45.9% |
| Total equity and liabilities | 10/49 | €264,071 | €192,860 | -€71,211 | -27.0% |
| Equity | 10/15 | €116,041 | €159,273 | +€43,232 | +37.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €54,041 | €97,273 | +€43,232 | +80.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €47,841 | €91,073 | +€43,232 | +90.4% |
| Provisions and deferred taxes | 16 | €33,855 | €31,493 | -€2,362 | -7.0% |
| Deferred taxes | 168 | €33,855 | €31,493 | -€2,362 | -7.0% |
| Amounts payable | 17/49 | €114,175 | €2,094 | -€112,081 | -98.2% |
| Amounts payable within one year | 42/48 | €114,175 | €2,094 | -€112,081 | -98.2% |
| Trade debts | 44 | €1,900 | €144 | -€1,756 | -92.4% |
| Suppliers | 440/4 | €1,900 | €144 | -€1,756 | -92.4% |
| Taxes, remuneration and social security | 45 | €4,312 | - | -€4,312 | |
| Taxes | 450/3 | €4,312 | - | -€4,312 | |
| Other amounts payable | 47/48 | €107,963 | €1,950 | -€106,013 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,372 | €3,712 | -€660 | -15.1% |
| Other operating charges | 640/8 | €5,428 | €6,383 | +€955 | +17.6% |
| Gross operating margin | 9900 | €66,198 | €62,649 | -€3,549 | -5.4% |
| Operating profit (loss) | 9901 | €56,398 | €52,554 | -€3,844 | -6.8% |
| Financial income | 75/76B | €5,460 | €2,878 | -€2,582 | -47.3% |
| Recurring financial income | 75 | €5,460 | €2,878 | -€2,582 | -47.3% |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €61,705 | €55,279 | -€6,426 | -10.4% |
| Income taxes | 67/77 | €16,411 | €14,410 | -€2,001 | -12.2% |
| Profit (loss) for the period | 9904 | €45,294 | €40,869 | -€4,425 | -9.8% |
| Transfer from tax-exempt reserves | 789 | €2,362 | €2,362 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,656 | €43,231 | -€4,425 | -9.3% |
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 3 October 2026 via checked.be.