INOLUX: 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.
INOLUX
Largest movements
- Receivables within one year -€51,220
down €51,220 (-69.9%), from €73,255 to €22,035
of which Trade receivables: -€53,059
- Tangible fixed assets -€15,539
down €15,539 (-8.1%), from €192,507 to €176,968
of which Plant, machinery and equipment: -€12,633
- Stocks and contracts +€7,939
up €7,939 (+37.0%), from €21,442 to €29,381
- Cash -€6,818
down €6,818 (-46.6%), from €14,633 to €7,815
mainly Debts after one year (-€27,235) and Investment in fixed assets (net) (-€21,370)
- Debts after one year -€27,235
down €27,235 (-53.0%), from €51,425 to €24,190
- Other debts -€19,123
down €19,123 (-58.8%), from €32,526 to €13,403
- Current portion of long-term debt -€10,324
down €10,324 (-22.5%), from €45,846 to €35,523
- Tax, wage and social debts -€9,080
down €9,080 (-77.0%), from €11,797 to €2,717
of which Remuneration and social security: -€8,736
- Gross operating margin -€112,470
down €112,470 (-46.5%), from €242,034 to €129,564
- Staff costs -€84,453
down €84,453 (-51.2%), from €164,924 to €80,472
- Depreciation -€9,905
down €9,905 (-21.3%), from €46,405 to €36,500
- Taxes -€4,382
down €4,382 (-90.8%), from €4,824 to €443
- Financial charges -€3,045
down €3,045 (-46.1%), from €6,604 to €3,559
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.
Cash bridge derived
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 | €302,865 | €240,380 | -€62,485 | -20.6% |
| Fixed assets | 21/28 | €193,536 | €178,406 | -€15,129 | -7.8% |
| Tangible fixed assets | 22/27 | €192,507 | €176,968 | -€15,539 | -8.1% |
| Land and buildings | 22 | €114,957 | €118,925 | +€3,967 | +3.5% |
| Plant, machinery and equipment | 23 | €39,302 | €26,669 | -€12,633 | -32.1% |
| Furniture and vehicles | 24 | €7,792 | €10,678 | +€2,887 | +37.0% |
| Leasing and similar rights | 25 | €30,455 | €20,696 | -€9,760 | -32.0% |
| Financial fixed assets | 28 | €1,029 | €1,439 | +€410 | +39.8% |
| Current assets | 29/58 | €109,329 | €61,974 | -€47,356 | -43.3% |
| Stocks and contracts in progress | 3 | €21,442 | €29,381 | +€7,939 | +37.0% |
| Stocks | 30/36 | €21,442 | €29,381 | +€7,939 | +37.0% |
| Amounts receivable within one year | 40/41 | €73,255 | €22,035 | -€51,220 | -69.9% |
| Trade receivables | 40 | €69,965 | €16,907 | -€53,059 | -75.8% |
| Other amounts receivable | 41 | €3,289 | €5,128 | +€1,839 | +55.9% |
| Cash at bank and in hand | 54/58 | €14,633 | €7,815 | -€6,818 | -46.6% |
| Deferred charges and accrued income | 490/1 | - | €2,743 | +€2,743 | |
| Total equity and liabilities | 10/49 | €302,865 | €240,380 | -€62,485 | -20.6% |
| Equity | 10/15 | €140,300 | €140,771 | +€471 | +0.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €77,093 | €77,093 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €55,843 | €55,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,207 | €38,678 | +€471 | +1.2% |
| Amounts payable | 17/49 | €162,565 | €99,609 | -€62,956 | -38.7% |
| Amounts payable after more than one year | 17 | €51,425 | €24,190 | -€27,235 | -53.0% |
| Financial debts | 170/4 | €51,425 | €24,190 | -€27,235 | -53.0% |
| Amounts payable within one year | 42/48 | €111,140 | €75,419 | -€35,721 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €45,846 | €35,523 | -€10,324 | -22.5% |
| Trade debts | 44 | €20,971 | €23,776 | +€2,805 | +13.4% |
| Suppliers | 440/4 | €20,971 | €23,776 | +€2,805 | +13.4% |
| Taxes, remuneration and social security | 45 | €11,797 | €2,717 | -€9,080 | -77.0% |
| Taxes | 450/3 | €3,062 | €2,717 | -€345 | -11.3% |
| Remuneration and social security | 454/9 | €8,736 | - | -€8,736 | |
| Other amounts payable | 47/48 | €32,526 | €13,403 | -€19,123 | -58.8% |
| Non-recurring operating income | 76A | - | €8,530 | +€8,530 | |
| Remuneration, social security and pensions | 62 | €164,924 | €80,472 | -€84,453 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,405 | €36,500 | -€9,905 | -21.3% |
| Other operating charges | 640/8 | €9,274 | €8,529 | -€745 | -8.0% |
| Gross operating margin | 9900 | €242,034 | €129,564 | -€112,470 | -46.5% |
| Operating profit (loss) | 9901 | €21,431 | €4,064 | -€17,367 | -81.0% |
| Financial income | 75/76B | €749 | €409 | -€340 | -45.4% |
| Recurring financial income | 75 | €749 | €409 | -€340 | -45.4% |
| Financial charges | 65/66B | €6,604 | €3,559 | -€3,045 | -46.1% |
| Recurring financial charges | 65 | €6,604 | €3,559 | -€3,045 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €15,576 | €914 | -€14,662 | -94.1% |
| Income taxes | 67/77 | €4,824 | €443 | -€4,382 | -90.8% |
| Profit (loss) for the period | 9904 | €10,752 | €471 | -€10,281 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,752 | €471 | -€10,281 | -95.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.