INOGES: 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.
INOGES
Largest movements
- Cash -€48,762
down €48,762 (-57.2%), from €85,271 to €36,510
mainly Tax, wage and social debts (-€44,122) and Debts after one year (-€39,445)
- Tangible fixed assets -€7,935
down €7,935 (-1.6%), from €507,162 to €499,227
- Profit (loss) carried forward +€51,458
up €51,458 (+29.5%), from €174,586 to €226,044
- Tax, wage and social debts -€44,122
down €44,122 (-51.2%), from €86,103 to €41,981
- Debts after one year -€39,445
down €39,445 (-12.5%), from €316,728 to €277,283
of which Financial debts: -€39,445
- Other debts -€22,324
down €22,324 (-40.7%), from €54,836 to €32,513
- Trade debts -€10,316
down €10,316 (-16.1%), from €64,017 to €53,701
- Gross operating margin -€111,305
down €111,305 (-52.0%), from €213,856 to €102,551
- Taxes -€21,531
down €21,531 (-52.1%), from €41,360 to €19,828
- Staff costs -€16,920
no longer reported in 2025 (was €16,920)
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 | €752,671 | €687,132 | -€65,540 | -8.7% |
| Fixed assets | 21/28 | €507,369 | €499,434 | -€7,935 | -1.6% |
| Tangible fixed assets | 22/27 | €507,162 | €499,227 | -€7,935 | -1.6% |
| Land and buildings | 22 | €507,162 | €499,227 | -€7,935 | -1.6% |
| Financial fixed assets | 28 | €207 | €207 | = | 0.0% |
| Current assets | 29/58 | €245,303 | €187,698 | -€57,605 | -23.5% |
| Amounts receivable within one year | 40/41 | €151,753 | €145,851 | -€5,902 | -3.9% |
| Trade receivables | 40 | €151,753 | €145,851 | -€5,902 | -3.9% |
| Cash at bank and in hand | 54/58 | €85,271 | €36,510 | -€48,762 | -57.2% |
| Deferred charges and accrued income | 490/1 | €8,278 | €5,338 | -€2,941 | -35.5% |
| Total equity and liabilities | 10/49 | €752,671 | €687,132 | -€65,540 | -8.7% |
| Equity | 10/15 | €195,046 | €246,504 | +€51,458 | +26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,586 | €226,044 | +€51,458 | +29.5% |
| Amounts payable | 17/49 | €557,625 | €440,627 | -€116,997 | -21.0% |
| Amounts payable after more than one year | 17 | €316,728 | €277,283 | -€39,445 | -12.5% |
| Financial debts | 170/4 | €311,268 | €271,823 | -€39,445 | -12.7% |
| Other amounts payable | 178/9 | €5,460 | €5,460 | = | 0.0% |
| Amounts payable within one year | 42/48 | €240,897 | €159,162 | -€81,735 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €35,940 | €30,967 | -€4,973 | -13.8% |
| Trade debts | 44 | €64,017 | €53,701 | -€10,316 | -16.1% |
| Suppliers | 440/4 | €64,017 | €53,701 | -€10,316 | -16.1% |
| Taxes, remuneration and social security | 45 | €86,103 | €41,981 | -€44,122 | -51.2% |
| Taxes | 450/3 | €86,103 | €41,981 | -€44,122 | -51.2% |
| Other amounts payable | 47/48 | €54,836 | €32,513 | -€22,324 | -40.7% |
| Accrued charges and deferred income | 492/3 | - | €4,182 | +€4,182 | |
| Remuneration, social security and pensions | 62 | €16,920 | - | -€16,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,993 | €18,524 | +€532 | +3.0% |
| Other operating charges | 640/8 | €5,614 | €6,423 | +€808 | +14.4% |
| Gross operating margin | 9900 | €213,856 | €102,551 | -€111,305 | -52.0% |
| Operating profit (loss) | 9901 | €173,329 | €77,604 | -€95,725 | -55.2% |
| Financial charges | 65/66B | €6,905 | €6,318 | -€588 | -8.5% |
| Recurring financial charges | 65 | €6,905 | €6,318 | -€588 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €166,424 | €71,286 | -€95,138 | -57.2% |
| Income taxes | 67/77 | €41,360 | €19,828 | -€21,531 | -52.1% |
| Profit (loss) for the period | 9904 | €125,064 | €51,458 | -€73,606 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125,064 | €51,458 | -€73,606 | -58.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.