INNEXCELL: 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.
INNEXCELL
Largest movements
- Current investments +€185,000
up €185,000 (+77.1%), from €240,000 to €425,000
- Cash -€167,093
down €167,093 (-77.0%), from €217,017 to €49,924
mainly Current investments (-€185,000) and Contributions, distributions and other (-€62,402)
- Receivables within one year +€57,589
up €57,589 (+170.7%), from €33,741 to €91,330
of which Trade receivables: +€45,936
- Financial fixed assets -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets -€8,379
down €8,379 (-39.5%), from €21,222 to €12,843
of which Furniture and vehicles: -€9,749
- Reserves +€47,804
up €47,804 (+9.7%), from €492,493 to €540,297
of which Distributable reserves: +€47,804
- Tax, wage and social debts +€13,578
up €13,578 (+275.5%), from €4,929 to €18,507
- Other debts -€9,681
down €9,681 (-50.9%), from €19,013 to €9,332
- Gross operating margin +€41,038
up €41,038 (+39.8%), from €103,179 to €144,217
- Taxes +€11,749
up €11,749 (+39.8%), from €29,552 to €41,301
- Financial income +€9,449
up €9,449 (+118.2%), from €7,997 to €17,446
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 | €526,980 | €579,148 | +€52,167 | +9.9% |
| Fixed assets | 21/28 | €36,222 | €12,843 | -€23,379 | -64.5% |
| Tangible fixed assets | 22/27 | €21,222 | €12,843 | -€8,379 | -39.5% |
| Plant, machinery and equipment | 23 | - | €1,369 | +€1,369 | |
| Furniture and vehicles | 24 | €21,222 | €11,474 | -€9,749 | -45.9% |
| Financial fixed assets | 28 | €15,000 | - | -€15,000 | |
| Current assets | 29/58 | €490,758 | €566,304 | +€75,546 | +15.4% |
| Amounts receivable within one year | 40/41 | €33,741 | €91,330 | +€57,589 | +170.7% |
| Trade receivables | 40 | €30,394 | €76,330 | +€45,936 | +151.1% |
| Other amounts receivable | 41 | €3,347 | €15,000 | +€11,653 | +348.1% |
| Current investments | 50/53 | €240,000 | €425,000 | +€185,000 | +77.1% |
| Cash at bank and in hand | 54/58 | €217,017 | €49,924 | -€167,093 | -77.0% |
| Deferred charges and accrued income | 490/1 | - | €50 | +€50 | |
| Total equity and liabilities | 10/49 | €526,980 | €579,148 | +€52,167 | +9.9% |
| Equity | 10/15 | €502,493 | €550,297 | +€47,804 | +9.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €492,493 | €540,297 | +€47,804 | +9.7% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €489,493 | €537,297 | +€47,804 | +9.8% |
| Amounts payable | 17/49 | €24,488 | €28,850 | +€4,363 | +17.8% |
| Amounts payable within one year | 42/48 | €24,488 | €28,850 | +€4,363 | +17.8% |
| Trade debts | 44 | €546 | €1,012 | +€466 | +85.3% |
| Suppliers | 440/4 | €546 | €1,012 | +€466 | +85.3% |
| Taxes, remuneration and social security | 45 | €4,929 | €18,507 | +€13,578 | +275.5% |
| Taxes | 450/3 | €4,929 | €18,507 | +€13,578 | +275.5% |
| Other amounts payable | 47/48 | €19,013 | €9,332 | -€9,681 | -50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,522 | €9,781 | +€259 | +2.7% |
| Other operating charges | 640/8 | €331 | €336 | +€6 | +1.7% |
| Gross operating margin | 9900 | €103,179 | €144,217 | +€41,038 | +39.8% |
| Operating profit (loss) | 9901 | €93,326 | €134,100 | +€40,773 | +43.7% |
| Financial income | 75/76B | €7,997 | €17,446 | +€9,449 | +118.2% |
| Recurring financial income | 75 | €7,997 | €17,446 | +€9,449 | +118.2% |
| Financial charges | 65/66B | €40 | €39 | -€1 | -2.5% |
| Recurring financial charges | 65 | €40 | €39 | -€1 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €101,283 | €151,506 | +€50,223 | +49.6% |
| Income taxes | 67/77 | €29,552 | €41,301 | +€11,749 | +39.8% |
| Profit (loss) for the period | 9904 | €71,731 | €110,206 | +€38,475 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,731 | €110,206 | +€38,475 | +53.6% |
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 29 September 2026 via checked.be.