INOMETAL: 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.
INOMETAL
Largest movements
- Receivables within one year -€23,444
down €23,444 (-57.9%), from €40,493 to €17,049
of which Trade receivables: -€19,288
- Tangible fixed assets -€19,580
down €19,580 (-46.4%), from €42,237 to €22,656
of which Plant, machinery and equipment: -€13,324
- Cash +€16,162
up €16,162 (+51.4%), from €31,425 to €47,587
mainly Receivables within one year (+€23,444) and Net result for the year (+€16,303)
- Stocks and contracts +€12,813
up €12,813 (+139%), from €9,187 to €22,000
- Financial fixed assets +€10,000
new in 2025: €10,000
- Reserves +€16,300
up €16,300 (+21.4%), from €76,000 to €92,300
- Current portion of long-term debt -€11,854
down €11,854 (-38.7%), from €30,592 to €18,739
- Trade debts -€4,792
down €4,792 (-97.6%), from €4,910 to €118
- Debts after one year -€3,739
down €3,739 (-66.0%), from €5,665 to €1,926
- Gross operating margin -€27,449
down €27,449 (-40.9%), from €67,096 to €39,648
- Taxes -€17,522
down €17,522 (-71.9%), from €24,376 to €6,854
- Financial income -€12,150
down €12,150 (-98.2%), from €12,372 to €222
of which Non-recurring financial income: -€12,366
- Financial charges +€3,649
up €3,649 (+253%), from €1,443 to €5,092
of which Non-recurring financial charges: +€4,000
- Depreciation +€1,582
up €1,582 (+16.7%), from €9,489 to €11,071
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 | €123,917 | €119,655 | -€4,262 | -3.4% |
| Formation expenses | 20 | €575 | €363 | -€212 | -36.8% |
| Fixed assets | 21/28 | €42,237 | €32,656 | -€9,580 | -22.7% |
| Tangible fixed assets | 22/27 | €42,237 | €22,656 | -€19,580 | -46.4% |
| Plant, machinery and equipment | 23 | €25,770 | €12,446 | -€13,324 | -51.7% |
| Furniture and vehicles | 24 | €16,466 | €10,210 | -€6,256 | -38.0% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €81,106 | €86,636 | +€5,531 | +6.8% |
| Stocks and contracts in progress | 3 | €9,187 | €22,000 | +€12,813 | +139% |
| Stocks | 30/36 | €9,187 | €22,000 | +€12,813 | +139% |
| Amounts receivable within one year | 40/41 | €40,493 | €17,049 | -€23,444 | -57.9% |
| Trade receivables | 40 | €19,288 | - | -€19,288 | |
| Other amounts receivable | 41 | €21,206 | €17,049 | -€4,157 | -19.6% |
| Cash at bank and in hand | 54/58 | €31,425 | €47,587 | +€16,162 | +51.4% |
| Total equity and liabilities | 10/49 | €123,917 | €119,655 | -€4,262 | -3.4% |
| Equity | 10/15 | €82,405 | €98,708 | +€16,303 | +19.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €76,000 | €92,300 | +€16,300 | +21.4% |
| Distributable reserves | 133 | €76,000 | €92,300 | +€16,300 | +21.4% |
| Profit (loss) carried forward | 14 | €405 | €408 | +€3 | +0.7% |
| Amounts payable | 17/49 | €41,512 | €20,948 | -€20,565 | -49.5% |
| Amounts payable after more than one year | 17 | €5,665 | €1,926 | -€3,739 | -66.0% |
| Financial debts | 170/4 | €5,665 | €1,926 | -€3,739 | -66.0% |
| Amounts payable within one year | 42/48 | €35,847 | €19,021 | -€16,826 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €30,592 | €18,739 | -€11,854 | -38.7% |
| Trade debts | 44 | €4,910 | €118 | -€4,792 | -97.6% |
| Suppliers | 440/4 | €4,910 | €118 | -€4,792 | -97.6% |
| Taxes, remuneration and social security | 45 | €345 | - | -€345 | |
| Taxes | 450/3 | €345 | - | -€345 | |
| Other amounts payable | 47/48 | - | €165 | +€165 | |
| Remuneration, social security and pensions | 62 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,489 | €11,071 | +€1,582 | +16.7% |
| Other operating charges | 640/8 | €819 | €520 | -€299 | -36.5% |
| Gross operating margin | 9900 | €67,096 | €39,648 | -€27,449 | -40.9% |
| Operating profit (loss) | 9901 | €56,789 | €28,027 | -€28,762 | -50.6% |
| Financial income | 75/76B | €12,372 | €222 | -€12,150 | -98.2% |
| Recurring financial income | 75 | €6 | €222 | +€216 | +3,468% |
| Non-recurring financial income | 76B | €12,366 | - | -€12,366 | |
| Financial charges | 65/66B | €1,443 | €5,092 | +€3,649 | +253% |
| Recurring financial charges | 65 | €1,443 | €1,092 | -€351 | -24.3% |
| Non-recurring financial charges | 66B | - | €4,000 | +€4,000 | |
| Profit (loss) for the period before taxes | 9903 | €67,718 | €23,157 | -€44,561 | -65.8% |
| Income taxes | 67/77 | €24,376 | €6,854 | -€17,522 | -71.9% |
| Profit (loss) for the period | 9904 | €43,342 | €16,303 | -€27,039 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,342 | €16,303 | -€27,039 | -62.4% |
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 19 October 2026 via checked.be.