InOpSys: 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.
What changed
InOpSys
NACE 72.109, Other research and development on natural sciences
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2.0m
2024 · -€1.9m-€101,697
Equity
€3.1m
2024 · €5.2m-€2.0m
Cash
€1,171
2024 · €72,442-€71,271
Balance sheet total
€11.0m
2024 · €9.3m+€1.7m
Largest movements
Assets
- Stocks and contracts +€754,641
up €754,641 (+221.8%), from €340,209 to €1.1m
- Tangible fixed assets +€560,086
up €560,086 (+10.5%), from €5.3m to €5.9m
of which Plant, machinery and equipment: +€402,959
- Receivables within one year +€510,102
up €510,102 (+24.5%), from €2.1m to €2.6m
of which Trade receivables: +€492,282
- Intangible fixed assets -€131,246
down €131,246 (-25.3%), from €518,446 to €387,199
Equity and liabilities
- Contributions -€11.0m
down €11.0m (-68.1%), from €16.2m to €5.2m
- Profit (loss) carried forward +€9.0m
up €9.0m (+81.5%), from -€11.1m to -€2.0m
- Debts after one year +€4.0m
up €4.0m (+168.7%), from €2.4m to €6.3m
- Trade debts -€282,861
down €282,861 (-28.6%), from €987,633 to €704,772
Income statement
- Depreciation +€104,495
up €104,495 (+5.4%), from €1.9m to €2.0m
- Financial income -€65,571
down €65,571 (-47.0%), from €139,605 to €74,034
of which Non-recurring financial income: -€50,956
- Financial charges -€65,003
down €65,003 (-27.3%), from €238,033 to €173,030
- Gross operating margin +€29,364
up €29,364 (+1.7%), from €1.7m to €1.7m
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.
Result 2024
-€1.9m
Gross operating margin
+€29,364
Staff costs
-€5,838
Depreciation
-€104,495
Other operating charges
-€1,582
Other operating items
-€2,501
Financial income
-€65,571
Financial charges
+€65,003
Taxes
-€16,076
Result 2025
-€2.0m
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.
From operations
-€1.6m
Investment
-€2.5m
Financing
+€3.9m
Cash 2024
€72,442
From operations (derived)
-€1.6m
Net result for the year
-€2.0m
Depreciation
+€2.0m
Receivables after one year
-€6,615
Stocks and contracts
-€754,641
Receivables within one year
-€510,102
Deferred charges and accrued income
-€28,693
Trade debts
-€282,861
Tax, wage and social debts
-€32,979
Other debts
-€15,891
Accrued charges and deferred income
+€13,983
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
+€3.9m
Debts after one year
+€4.0m
Current portion of long-term debt
+€12,143
Contributions, distributions and other
-€50,529
Cash 2025
€1,171
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,335,421 | €10,989,504 | +€1.7m | +17.7% |
| Fixed assets | 21/28 | €6,475,575 | €6,900,878 | +€425,303 | +6.6% |
| Intangible fixed assets | 21 | €518,446 | €387,199 | -€131,246 | -25.3% |
| Tangible fixed assets | 22/27 | €5,328,870 | €5,888,956 | +€560,086 | +10.5% |
| Plant, machinery and equipment | 23 | €4,806,903 | €5,209,862 | +€402,959 | +8.4% |
| Furniture and vehicles | 24 | €78,089 | €122,314 | +€44,224 | +56.6% |
| Leasing and similar rights | 25 | €194,301 | €121,438 | -€72,863 | -37.5% |
| Other tangible fixed assets | 26 | €32,265 | €98,923 | +€66,657 | +206.6% |
| Assets under construction and advance payments | 27 | €217,312 | €336,420 | +€119,108 | +54.8% |
| Financial fixed assets | 28 | €628,260 | €624,723 | -€3,537 | -0.6% |
| Current assets | 29/58 | €2,859,845 | €4,088,626 | +€1.2m | +43.0% |
| Amounts receivable after more than one year | 29 | €172,116 | €178,731 | +€6,615 | +3.8% |
| Other amounts receivable | 291 | €172,116 | €178,731 | +€6,615 | +3.8% |
| Stocks and contracts in progress | 3 | €340,209 | €1,094,849 | +€754,641 | +221.8% |
| Stocks | 30/36 | €340,209 | €1,094,849 | +€754,641 | +221.8% |
| Amounts receivable within one year | 40/41 | €2,078,541 | €2,588,643 | +€510,102 | +24.5% |
| Trade receivables | 40 | €1,671,340 | €2,163,622 | +€492,282 | +29.5% |
| Other amounts receivable | 41 | €407,201 | €425,022 | +€17,821 | +4.4% |
| Cash at bank and in hand | 54/58 | €72,442 | €1,171 | -€71,271 | -98.4% |
| Deferred charges and accrued income | 490/1 | €196,537 | €225,231 | +€28,693 | +14.6% |
| Total equity and liabilities | 10/49 | €9,335,421 | €10,989,504 | +€1.7m | +17.7% |
| Equity | 10/15 | €5,160,612 | €3,136,377 | -€2.0m | -39.2% |
| Contributions | 10/11 | €16,152,465 | €5,152,465 | -€11.0m | -68.1% |
| Capital | 10 | €16,152,465 | €5,152,465 | -€11.0m | -68.1% |
| Issued capital | 100 | €16,152,465 | €5,152,465 | -€11.0m | -68.1% |
| Reserves | 13 | €261 | €261 | = | 0.0% |
| Tax-exempt reserves | 132 | €261 | €261 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,076,052 | -€2,049,758 | +€9.0m | +81.5% |
| Investment grants | 15 | €83,938 | €33,409 | -€50,529 | -60.2% |
| Amounts payable | 17/49 | €4,174,809 | €7,853,128 | +€3.7m | +88.1% |
| Amounts payable after more than one year | 17 | €2,361,384 | €6,345,307 | +€4.0m | +168.7% |
| Financial debts | 170/4 | €2,361,384 | €6,345,307 | +€4.0m | +168.7% |
| Amounts payable within one year | 42/48 | €1,797,353 | €1,477,766 | -€319,587 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €503,934 | €516,077 | +€12,143 | +2.4% |
| Trade debts | 44 | €987,633 | €704,772 | -€282,861 | -28.6% |
| Suppliers | 440/4 | €987,633 | €704,772 | -€282,861 | -28.6% |
| Taxes, remuneration and social security | 45 | €289,871 | €256,893 | -€32,979 | -11.4% |
| Taxes | 450/3 | €42,675 | €76,310 | +€33,635 | +78.8% |
| Remuneration and social security | 454/9 | €247,197 | €180,583 | -€66,614 | -26.9% |
| Other amounts payable | 47/48 | €15,914 | €23 | -€15,891 | -99.9% |
| Accrued charges and deferred income | 492/3 | €16,072 | €30,055 | +€13,983 | +87.0% |
| Non-recurring operating income | 76A | €0 | €100,248 | +€100,248 | |
| Remuneration, social security and pensions | 62 | €1,568,264 | €1,574,103 | +€5,838 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,929,028 | €2,033,524 | +€104,495 | +5.4% |
| Other operating charges | 640/8 | €14,644 | €16,227 | +€1,582 | +10.8% |
| Non-recurring operating charges | 66A | €252 | €2,753 | +€2,501 | +991.2% |
| Gross operating margin | 9900 | €1,697,454 | €1,726,818 | +€29,364 | +1.7% |
| Operating profit (loss) | 9901 | -€1,814,736 | -€1,899,788 | -€85,053 | -4.7% |
| Financial income | 75/76B | €139,605 | €74,034 | -€65,571 | -47.0% |
| Recurring financial income | 75 | €88,648 | €74,034 | -€14,615 | -16.5% |
| Non-recurring financial income | 76B | €50,956 | €0 | -€50,956 | -100.0% |
| Financial charges | 65/66B | €238,033 | €173,030 | -€65,003 | -27.3% |
| Recurring financial charges | 65 | €238,033 | €173,030 | -€65,003 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,913,164 | -€1,998,785 | -€85,621 | -4.5% |
| Income taxes | 67/77 | -€41,155 | -€25,079 | +€16,076 | +39.1% |
| Profit (loss) for the period | 9904 | -€1,872,009 | -€1,973,706 | -€101,697 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,872,009 | -€1,973,706 | -€101,697 | -5.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.