INN: 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.
What changed
INN
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€64,389
2024 · €46,814+€17,575
Equity
€335,808
2024 · €271,419+€64,389
Cash
€102,885
2024 · €127,389-€24,504
Balance sheet total
€1.7m
2024 · €1.7m+€3,290
Largest movements
Assets
- Tangible fixed assets +€30,400
up €30,400 (+1.9%), from €1.6m to €1.6m
of which Leasing and similar rights: +€72,395
- Cash -€24,504
down €24,504 (-19.2%), from €127,389 to €102,885
mainly Investment in fixed assets (net) (-€107,267) and Other debts (-€70,500)
Equity and liabilities
- Other debts -€70,500
down €70,500 (-15.8%), from €447,402 to €376,902
- Reserves +€59,888
up €59,888 (+31.5%), from €190,312 to €250,200
of which Distributable reserves: +€60,975
Income statement
- Gross operating margin +€33,209
up €33,209 (+11.1%), from €297,927 to €331,136
- Depreciation +€12,538
up €12,538 (+19.5%), from €64,329 to €76,867
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.
Result 2024
€46,814
Gross operating margin
+€33,209
Staff costs
-€922
Depreciation
-€12,538
Other operating charges
-€2,854
Financial income
+€361
Financial charges
+€1,597
Taxes
-€1,278
Result 2025
€64,389
raises the resultlowers the result
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.
From operations
+€81,383
Investment
-€107,267
Financing
+€1,380
Cash 2024
€127,389
From operations (derived)
+€81,383
Net result for the year
+€64,389
Depreciation
+€76,867
Receivables within one year
+€2,941
Deferred charges and accrued income
-€335
Provisions
-€457
Trade debts
+€15,136
Tax, wage and social debts
-€6,747
Other debts
-€70,500
Accrued charges and deferred income
+€89
Investment (derived)
-€107,267
Investment in fixed assets (net)
-€107,267
Financing
+€1,380
Debts after one year
-€9,812
Current portion of long-term debt
+€11,192
Cash 2025
€102,885
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,737,002 | €1,740,292 | +€3,290 | +0.2% |
| Fixed assets | 21/28 | €1,567,471 | €1,597,871 | +€30,400 | +1.9% |
| Tangible fixed assets | 22/27 | €1,566,168 | €1,596,568 | +€30,400 | +1.9% |
| Land and buildings | 22 | €1,558,138 | €1,516,349 | -€41,789 | -2.7% |
| Furniture and vehicles | 24 | €8,030 | €5,223 | -€2,807 | -35.0% |
| Leasing and similar rights | 25 | - | €72,395 | +€72,395 | |
| Assets under construction and advance payments | 27 | - | €2,601 | +€2,601 | |
| Financial fixed assets | 28 | €1,303 | €1,303 | = | 0.0% |
| Current assets | 29/58 | €169,531 | €142,421 | -€27,110 | -16.0% |
| Amounts receivable within one year | 40/41 | €36,765 | €33,824 | -€2,941 | -8.0% |
| Trade receivables | 40 | €36,722 | €26,970 | -€9,752 | -26.6% |
| Other amounts receivable | 41 | €43 | €6,854 | +€6,811 | +15,840% |
| Cash at bank and in hand | 54/58 | €127,389 | €102,885 | -€24,504 | -19.2% |
| Deferred charges and accrued income | 490/1 | €5,377 | €5,712 | +€335 | +6.2% |
| Total equity and liabilities | 10/49 | €1,737,002 | €1,740,292 | +€3,290 | +0.2% |
| Equity | 10/15 | €271,419 | €335,808 | +€64,389 | +23.7% |
| Contributions | 10/11 | €85,608 | €85,608 | = | 0.0% |
| Reserves | 13 | €190,312 | €250,200 | +€59,888 | +31.5% |
| Tax-exempt reserves | 132 | €70,631 | €69,544 | -€1,087 | -1.5% |
| Distributable reserves | 133 | €119,681 | €180,656 | +€60,975 | +50.9% |
| Profit (loss) carried forward | 14 | -€4,501 | - | +€4,501 | |
| Provisions and deferred taxes | 16 | €15,920 | €15,463 | -€457 | -2.9% |
| Deferred taxes | 168 | €15,920 | €15,463 | -€457 | -2.9% |
| Amounts payable | 17/49 | €1,449,663 | €1,389,021 | -€60,642 | -4.2% |
| Amounts payable after more than one year | 17 | €876,961 | €867,149 | -€9,812 | -1.1% |
| Financial debts | 170/4 | €876,961 | €867,149 | -€9,812 | -1.1% |
| Amounts payable within one year | 42/48 | €566,368 | €515,449 | -€50,919 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €51,032 | €62,224 | +€11,192 | +21.9% |
| Trade debts | 44 | €19,479 | €34,615 | +€15,136 | +77.7% |
| Suppliers | 440/4 | €19,479 | €34,615 | +€15,136 | +77.7% |
| Taxes, remuneration and social security | 45 | €48,455 | €41,708 | -€6,747 | -13.9% |
| Taxes | 450/3 | €25,797 | €18,157 | -€7,640 | -29.6% |
| Remuneration and social security | 454/9 | €22,658 | €23,551 | +€893 | +3.9% |
| Other amounts payable | 47/48 | €447,402 | €376,902 | -€70,500 | -15.8% |
| Accrued charges and deferred income | 492/3 | €6,334 | €6,423 | +€89 | +1.4% |
| Non-recurring operating income | 76A | - | €21,372 | +€21,372 | |
| Remuneration, social security and pensions | 62 | €120,042 | €120,964 | +€922 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,329 | €76,867 | +€12,538 | +19.5% |
| Other operating charges | 640/8 | €12,247 | €15,101 | +€2,854 | +23.3% |
| Gross operating margin | 9900 | €297,927 | €331,136 | +€33,209 | +11.1% |
| Operating profit (loss) | 9901 | €101,309 | €118,204 | +€16,895 | +16.7% |
| Financial income | 75/76B | €326 | €687 | +€361 | +111% |
| Recurring financial income | 75 | €227 | €514 | +€287 | +126% |
| Non-recurring financial income | 76B | €99 | €173 | +€74 | +74.7% |
| Financial charges | 65/66B | €23,881 | €22,284 | -€1,597 | -6.7% |
| Recurring financial charges | 65 | €23,174 | €22,187 | -€987 | -4.3% |
| Non-recurring financial charges | 66B | €707 | €97 | -€610 | -86.3% |
| Profit (loss) for the period before taxes | 9903 | €77,754 | €96,607 | +€18,853 | +24.2% |
| Transfer from deferred taxes | 780 | €456 | €456 | = | 0.0% |
| Income taxes | 67/77 | €31,396 | €32,674 | +€1,278 | +4.1% |
| Profit (loss) for the period | 9904 | €46,814 | €64,389 | +€17,575 | +37.5% |
| Transfer from tax-exempt reserves | 789 | €1,087 | €1,087 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,901 | €65,476 | +€17,575 | +36.7% |
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 15 October 2026 via checked.be.