INO-IMMO: 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-IMMO
Largest movements
- Tangible fixed assets -€36,170
down €36,170 (-19.4%), from €186,734 to €150,564
of which Land and buildings: -€55,859
- Cash +€9,988
up €9,988 (+263%), from €3,791 to €13,779
mainly Depreciation (+€41,488) and Net result for the year (+€14,504)
- Tax, wage and social debts -€10,805
down €10,805 (-82.1%), from €13,163 to €2,358
of which Taxes: -€10,565
- Trade debts -€10,184
down €10,184 (-96.3%), from €10,574 to €390
- Accrued charges and deferred income -€3,464
no longer reported in 2025 (was €3,464)
- Other operating charges -€7,902
down €7,902 (-95.2%), from €8,301 to €399
- Depreciation +€5,899
up €5,899 (+16.6%), from €35,589 to €41,488
- Gross operating margin -€1,811
down €1,811 (-2.9%), from €63,479 to €61,668
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,356 | €165,239 | -€26,117 | -13.6% |
| Fixed assets | 21/28 | €186,734 | €150,564 | -€36,170 | -19.4% |
| Tangible fixed assets | 22/27 | €186,734 | €150,564 | -€36,170 | -19.4% |
| Land and buildings | 22 | €166,079 | €110,220 | -€55,859 | -33.6% |
| Plant, machinery and equipment | 23 | €5,422 | €30,906 | +€25,484 | +470% |
| Furniture and vehicles | 24 | €15,233 | €9,438 | -€5,795 | -38.0% |
| Current assets | 29/58 | €4,622 | €14,675 | +€10,053 | +218% |
| Amounts receivable within one year | 40/41 | €665 | €726 | +€61 | +9.2% |
| Trade receivables | 40 | €665 | €726 | +€61 | +9.2% |
| Cash at bank and in hand | 54/58 | €3,791 | €13,779 | +€9,988 | +263% |
| Deferred charges and accrued income | 490/1 | €166 | €170 | +€4 | +2.4% |
| Total equity and liabilities | 10/49 | €191,356 | €165,239 | -€26,117 | -13.6% |
| Equity | 10/15 | €148,090 | €147,257 | -€833 | -0.6% |
| Contributions | 10/11 | €15,392 | €15,392 | = | 0.0% |
| Reserves | 13 | €3,285 | €3,285 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,285 | €3,285 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,150 | €127,154 | +€4 | 0.0% |
| Investment grants | 15 | €2,263 | €1,426 | -€837 | -37.0% |
| Provisions and deferred taxes | 16 | €1,166 | €734 | -€432 | -37.0% |
| Deferred taxes | 168 | €1,166 | €734 | -€432 | -37.0% |
| Amounts payable | 17/49 | €42,100 | €17,248 | -€24,852 | -59.0% |
| Amounts payable within one year | 42/48 | €38,636 | €17,248 | -€21,388 | -55.4% |
| Trade debts | 44 | €10,574 | €390 | -€10,184 | -96.3% |
| Suppliers | 440/4 | €10,574 | €390 | -€10,184 | -96.3% |
| Taxes, remuneration and social security | 45 | €13,163 | €2,358 | -€10,805 | -82.1% |
| Taxes | 450/3 | €11,985 | €1,420 | -€10,565 | -88.2% |
| Remuneration and social security | 454/9 | €1,178 | €938 | -€240 | -20.4% |
| Other amounts payable | 47/48 | €14,899 | €14,500 | -€399 | -2.7% |
| Accrued charges and deferred income | 492/3 | €3,464 | - | -€3,464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,589 | €41,488 | +€5,899 | +16.6% |
| Other operating charges | 640/8 | €8,301 | €399 | -€7,902 | -95.2% |
| Gross operating margin | 9900 | €63,479 | €61,668 | -€1,811 | -2.9% |
| Operating profit (loss) | 9901 | €19,589 | €19,781 | +€192 | +1.0% |
| Financial income | 75/76B | €837 | €837 | = | 0.0% |
| Recurring financial income | 75 | €837 | €837 | = | 0.0% |
| Financial charges | 65/66B | €1 | - | -€1 | |
| Recurring financial charges | 65 | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €20,425 | €20,618 | +€193 | +0.9% |
| Transfer from deferred taxes | 780 | €431 | €431 | = | 0.0% |
| Income taxes | 67/77 | €5,957 | €6,545 | +€588 | +9.9% |
| Profit (loss) for the period | 9904 | €14,899 | €14,504 | -€395 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,899 | €14,504 | -€395 | -2.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.