INO HOLDING: 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.
INO HOLDING
Largest movements
- Financial fixed assets +€58,855
up €58,855 (+22.3%), from €263,562 to €322,417
- Tangible fixed assets -€10,709
down €10,709 (-24.0%), from €44,616 to €33,907
of which Furniture and vehicles: -€10,121
- Debts after one year +€25,452
up €25,452 (+61.5%), from €41,364 to €66,817
- Reserves +€21,000
up €21,000 (+25.0%), from €84,000 to €105,000
of which Distributable reserves: +€21,000
- Other debts -€12,979
down €12,979 (-21.2%), from €61,094 to €48,115
- Tax, wage and social debts +€9,442
up €9,442 (+82.7%), from €11,415 to €20,857
- Current portion of long-term debt +€4,733
up €4,733 (+27.5%), from €17,223 to €21,957
- Gross operating margin +€6,691
up €6,691 (+16.9%), from €39,634 to €46,324
- Taxes -€1,329
down €1,329 (-11.4%), from €11,647 to €10,318
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.
Derived cash bridge
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 | €310,607 | €358,784 | +€48,177 | +15.5% |
| Fixed assets | 21/28 | €308,178 | €356,324 | +€48,146 | +15.6% |
| Tangible fixed assets | 22/27 | €44,616 | €33,907 | -€10,709 | -24.0% |
| Plant, machinery and equipment | 23 | €1,787 | €1,199 | -€588 | -32.9% |
| Furniture and vehicles | 24 | €42,829 | €32,709 | -€10,121 | -23.6% |
| Financial fixed assets | 28 | €263,562 | €322,417 | +€58,855 | +22.3% |
| Current assets | 29/58 | €2,429 | €2,459 | +€30 | +1.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,429 | €2,452 | +€22 | +0.9% |
| Deferred charges and accrued income | 490/1 | €0 | €8 | +€8 | |
| Total equity and liabilities | 10/49 | €310,607 | €358,784 | +€48,177 | +15.5% |
| Equity | 10/15 | €179,059 | €200,329 | +€21,270 | +11.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €84,000 | €105,000 | +€21,000 | +25.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €83,000 | €104,000 | +€21,000 | +25.3% |
| Profit (loss) carried forward | 14 | €85,059 | €85,329 | +€270 | +0.3% |
| Amounts payable | 17/49 | €131,548 | €158,455 | +€26,907 | +20.5% |
| Amounts payable after more than one year | 17 | €41,364 | €66,817 | +€25,452 | +61.5% |
| Financial debts | 170/4 | €41,364 | €66,817 | +€25,452 | +61.5% |
| Amounts payable within one year | 42/48 | €90,184 | €91,638 | +€1,454 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €17,223 | €21,957 | +€4,733 | +27.5% |
| Trade debts | 44 | €451 | €709 | +€258 | +57.1% |
| Suppliers | 440/4 | €451 | €709 | +€258 | +57.1% |
| Taxes, remuneration and social security | 45 | €11,415 | €20,857 | +€9,442 | +82.7% |
| Taxes | 450/3 | €11,415 | €20,857 | +€9,442 | +82.7% |
| Other amounts payable | 47/48 | €61,094 | €48,115 | -€12,979 | -21.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,039 | €12,113 | +€74 | +0.6% |
| Other operating charges | 640/8 | €203 | €98 | -€105 | -51.9% |
| Gross operating margin | 9900 | €39,634 | €46,324 | +€6,691 | +16.9% |
| Operating profit (loss) | 9901 | €27,392 | €34,114 | +€6,722 | +24.5% |
| Financial income | 75/76B | €0 | €39 | +€39 | |
| Recurring financial income | 75 | €0 | €39 | +€39 | |
| Financial charges | 65/66B | €2,242 | €2,565 | +€323 | +14.4% |
| Recurring financial charges | 65 | €2,242 | €2,565 | +€323 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €25,150 | €31,588 | +€6,438 | +25.6% |
| Income taxes | 67/77 | €11,647 | €10,318 | -€1,329 | -11.4% |
| Profit (loss) for the period | 9904 | €13,504 | €21,270 | +€7,767 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,504 | €21,270 | +€7,767 | +57.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.