INO-CONSTRUCTIONS: 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.
INO-CONSTRUCTIONS
Largest movements
- Cash +€79,880
up €79,880 (+172.6%), from €46,282 to €126,162
mainly Net result for the year (+€86,850) and Receivables within one year (+€19,586)
- Receivables within one year -€19,586
down €19,586 (-26.8%), from €72,948 to €53,362
of which Other amounts receivable: -€70,334
- Tangible fixed assets -€10,654
down €10,654 (-48.3%), from €22,049 to €11,395
- Reserves +€85,000
up €85,000 (+50.3%), from €168,860 to €253,860
of which Distributable reserves: +€85,000
- Other debts -€28,824
down €28,824 (-92.8%), from €31,070 to €2,246
- Trade debts -€12,373
down €12,373 (-97.5%), from €12,687 to €314
- Tax, wage and social debts +€5,723
up €5,723 (+207.7%), from €2,755 to €8,478
- Gross operating margin +€22,786
up €22,786 (+13.0%), from €174,850 to €197,636
- Taxes +€6,807
up €6,807 (+26.2%), from €26,024 to €32,831
- Staff costs -€5,578
down €5,578 (-8.2%), from €67,711 to €62,133
- Depreciation +€2,076
up €2,076 (+21.4%), from €9,678 to €11,754
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,323 | €297,699 | +€51,376 | +20.9% |
| Fixed assets | 21/28 | €22,309 | €11,655 | -€10,654 | -47.8% |
| Tangible fixed assets | 22/27 | €22,049 | €11,395 | -€10,654 | -48.3% |
| Furniture and vehicles | 24 | €22,049 | €11,395 | -€10,654 | -48.3% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €224,014 | €286,044 | +€62,030 | +27.7% |
| Amounts receivable within one year | 40/41 | €72,948 | €53,362 | -€19,586 | -26.8% |
| Trade receivables | 40 | €381 | €51,128 | +€50,747 | +13313.5% |
| Other amounts receivable | 41 | €72,567 | €2,234 | -€70,334 | -96.9% |
| Current investments | 50/53 | €102,000 | €102,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,282 | €126,162 | +€79,880 | +172.6% |
| Deferred charges and accrued income | 490/1 | €2,783 | €4,520 | +€1,737 | +62.4% |
| Total equity and liabilities | 10/49 | €246,323 | €297,699 | +€51,376 | +20.9% |
| Equity | 10/15 | €199,810 | €286,661 | +€86,850 | +43.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,860 | €253,860 | +€85,000 | +50.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €167,000 | €252,000 | +€85,000 | +50.9% |
| Profit (loss) carried forward | 14 | €12,350 | €14,201 | +€1,850 | +15.0% |
| Amounts payable | 17/49 | €46,512 | €11,038 | -€35,474 | -76.3% |
| Amounts payable within one year | 42/48 | €46,512 | €11,038 | -€35,474 | -76.3% |
| Trade debts | 44 | €12,687 | €314 | -€12,373 | -97.5% |
| Suppliers | 440/4 | €12,687 | €314 | -€12,373 | -97.5% |
| Taxes, remuneration and social security | 45 | €2,755 | €8,478 | +€5,723 | +207.7% |
| Taxes | 450/3 | €2,755 | €8,478 | +€5,723 | +207.7% |
| Other amounts payable | 47/48 | €31,070 | €2,246 | -€28,824 | -92.8% |
| Remuneration, social security and pensions | 62 | €67,711 | €62,133 | -€5,578 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,678 | €11,754 | +€2,076 | +21.4% |
| Other operating charges | 640/8 | €1,713 | €1,643 | -€70 | -4.1% |
| Gross operating margin | 9900 | €174,850 | €197,636 | +€22,786 | +13.0% |
| Operating profit (loss) | 9901 | €95,748 | €122,106 | +€26,358 | +27.5% |
| Financial income | 75/76B | €106 | €0 | -€106 | -99.9% |
| Recurring financial income | 75 | €106 | €0 | -€106 | -99.9% |
| Financial charges | 65/66B | €841 | €2,425 | +€1,584 | +188.3% |
| Recurring financial charges | 65 | €841 | €2,425 | +€1,584 | +188.3% |
| Profit (loss) for the period before taxes | 9903 | €95,013 | €119,682 | +€24,668 | +26.0% |
| Income taxes | 67/77 | €26,024 | €32,831 | +€6,807 | +26.2% |
| Profit (loss) for the period | 9904 | €68,989 | €86,850 | +€17,861 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,989 | €86,850 | +€17,861 | +25.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.