INOCO: 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.
INOCO
Largest movements
- Cash -€127,761
down €127,761 (-60.8%), from €210,214 to €82,454
mainly Contributions, distributions and other (-€300,000)
- Tangible fixed assets -€72,809
down €72,809 (-7.5%), from €966,163 to €893,354
of which Land and buildings: -€72,710
- Receivables within one year -€26,303
down €26,303 (-11.8%), from €223,400 to €197,097
of which Other amounts receivable: -€22,305
- Reserves -€235,000
down €235,000 (-24.3%), from €966,799 to €731,799
of which Distributable reserves: -€235,000
- Taxes +€12,049
up €12,049 (+59.8%), from €20,138 to €32,187
- Gross operating margin +€8,195
up €8,195 (+3.8%), from €216,964 to €225,159
- Financial income +€7,919
up €7,919 (+104.1%), from €7,608 to €15,527
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 | €1,866,259 | €1,639,387 | -€226,872 | -12.2% |
| Fixed assets | 21/28 | €966,163 | €893,354 | -€72,809 | -7.5% |
| Tangible fixed assets | 22/27 | €966,163 | €893,354 | -€72,809 | -7.5% |
| Land and buildings | 22 | €966,064 | €893,354 | -€72,710 | -7.5% |
| Plant, machinery and equipment | 23 | €99 | - | -€99 | |
| Current assets | 29/58 | €900,096 | €746,032 | -€154,064 | -17.1% |
| Amounts receivable within one year | 40/41 | €223,400 | €197,097 | -€26,303 | -11.8% |
| Trade receivables | 40 | €12,600 | €8,603 | -€3,997 | -31.7% |
| Other amounts receivable | 41 | €210,800 | €188,494 | -€22,305 | -10.6% |
| Current investments | 50/53 | €466,482 | €466,482 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €210,214 | €82,454 | -€127,761 | -60.8% |
| Total equity and liabilities | 10/49 | €1,866,259 | €1,639,387 | -€226,872 | -12.2% |
| Equity | 10/15 | €1,140,954 | €906,934 | -€234,020 | -20.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €59 | €59 | = | 0.0% |
| Reserves | 13 | €966,799 | €731,799 | -€235,000 | -24.3% |
| Non-distributable reserves | 130/1 | €6,240 | €6,240 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €90 | €90 | = | 0.0% |
| Distributable reserves | 133 | €960,559 | €725,559 | -€235,000 | -24.5% |
| Profit (loss) carried forward | 14 | €112,596 | €113,576 | +€980 | +0.9% |
| Amounts payable | 17/49 | €725,305 | €732,453 | +€7,148 | +1.0% |
| Amounts payable after more than one year | 17 | €627,359 | €627,359 | = | 0.0% |
| Financial debts | 170/4 | €627,359 | €627,359 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,946 | €105,094 | +€7,148 | +7.3% |
| Taxes, remuneration and social security | 45 | €12,671 | €17,121 | +€4,450 | +35.1% |
| Taxes | 450/3 | €11,371 | €17,121 | +€5,750 | +50.6% |
| Remuneration and social security | 454/9 | €1,300 | - | -€1,300 | |
| Other amounts payable | 47/48 | €85,275 | €87,973 | +€2,698 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,301 | €72,809 | -€492 | -0.7% |
| Other operating charges | 640/8 | €29,831 | €31,057 | +€1,226 | +4.1% |
| Gross operating margin | 9900 | €216,964 | €225,159 | +€8,195 | +3.8% |
| Operating profit (loss) | 9901 | €113,832 | €121,293 | +€7,461 | +6.6% |
| Financial income | 75/76B | €7,608 | €15,527 | +€7,919 | +104.1% |
| Recurring financial income | 75 | €7,608 | €15,527 | +€7,919 | +104.1% |
| Financial charges | 65/66B | €38,715 | €38,653 | -€62 | -0.2% |
| Recurring financial charges | 65 | €38,715 | €38,653 | -€62 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €82,725 | €98,167 | +€15,442 | +18.7% |
| Income taxes | 67/77 | €20,138 | €32,187 | +€12,049 | +59.8% |
| Profit (loss) for the period | 9904 | €62,587 | €65,980 | +€3,393 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,587 | €65,980 | +€3,393 | +5.4% |
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 30 September 2026 via checked.be.