INOTEC: 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.
INOTEC
Largest movements
- Tangible fixed assets -€56,900
down €56,900 (-2.4%), from €2.4m to €2.3m
- Cash +€49,394
up €49,394 (+188.0%), from €26,278 to €75,672
mainly Depreciation (+€56,900) and Net result for the year (+€31,976)
- Profit (loss) carried forward +€31,976
up €31,976 (+2.4%), from -€1.4m to -€1.3m
- Gross operating margin -€74,302
down €74,302 (-51.5%), from €144,218 to €69,916
- Provisions -€25,000
new in 2025: -€25,000
- Depreciation +€4,373
up €4,373 (+8.3%), from €52,526 to €56,900
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 | €2,492,824 | €2,507,016 | +€14,192 | +0.6% |
| Fixed assets | 21/28 | €2,366,086 | €2,309,186 | -€56,900 | -2.4% |
| Tangible fixed assets | 22/27 | €2,366,086 | €2,309,186 | -€56,900 | -2.4% |
| Land and buildings | 22 | €2,366,086 | €2,309,186 | -€56,900 | -2.4% |
| Current assets | 29/58 | €126,738 | €197,830 | +€71,092 | +56.1% |
| Amounts receivable within one year | 40/41 | - | €1,606 | +€1,606 | |
| Other amounts receivable | 41 | - | €1,606 | +€1,606 | |
| Cash at bank and in hand | 54/58 | €26,278 | €75,672 | +€49,394 | +188.0% |
| Deferred charges and accrued income | 490/1 | €100,460 | €120,552 | +€20,092 | +20.0% |
| Total equity and liabilities | 10/49 | €2,492,824 | €2,507,016 | +€14,192 | +0.6% |
| Equity | 10/15 | €1,237,980 | €1,269,957 | +€31,976 | +2.6% |
| Contributions | 10/11 | €2,592,176 | €2,592,176 | = | 0.0% |
| Capital | 10 | €2,592,176 | €2,592,176 | = | 0.0% |
| Issued capital | 100 | €2,592,176 | €2,592,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,354,196 | -€1,322,219 | +€31,976 | +2.4% |
| Provisions and deferred taxes | 16 | €500,000 | €475,000 | -€25,000 | -5.0% |
| Provisions for liabilities and charges | 160/5 | €500,000 | €475,000 | -€25,000 | -5.0% |
| Other liabilities and charges | 164/5 | €500,000 | €475,000 | -€25,000 | -5.0% |
| Amounts payable | 17/49 | €754,843 | €762,059 | +€7,216 | +1.0% |
| Amounts payable within one year | 42/48 | €754,843 | €757,559 | +€2,716 | +0.4% |
| Trade debts | 44 | €9,704 | €11,221 | +€1,517 | +15.6% |
| Suppliers | 440/4 | €9,704 | €11,221 | +€1,517 | +15.6% |
| Other amounts payable | 47/48 | €745,140 | €746,338 | +€1,198 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,526 | €56,900 | +€4,373 | +8.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€25,000 | -€25,000 | |
| Other operating charges | 640/8 | €4,743 | €5,658 | +€916 | +19.3% |
| Gross operating margin | 9900 | €144,218 | €69,916 | -€74,302 | -51.5% |
| Operating profit (loss) | 9901 | €86,949 | €32,358 | -€54,592 | -62.8% |
| Financial income | 75/76B | €356 | €0 | -€356 | -100.0% |
| Recurring financial income | 75 | €356 | €0 | -€356 | -100.0% |
| Financial charges | 65/66B | €550 | €381 | -€169 | -30.7% |
| Recurring financial charges | 65 | €550 | €381 | -€169 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €86,755 | €31,976 | -€54,779 | -63.1% |
| Profit (loss) for the period | 9904 | €86,755 | €31,976 | -€54,779 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,755 | €31,976 | -€54,779 | -63.1% |
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 5 October 2026 via checked.be.