INOTECH: 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.
INOTECH
Largest movements
- Receivables within one year -€35,650
down €35,650 (-40.7%), from €87,560 to €51,910
of which Trade receivables: -€26,148
- Stocks and contracts +€10,792
new in 2025: €10,792
- Cash -€7,939
down €7,939 (-72.8%), from €10,906 to €2,968
mainly Trade debts (-€27,561) and Stocks and contracts (-€10,792)
- Tangible fixed assets -€4,901
down €4,901 (-26.1%), from €18,771 to €13,870
of which Furniture and vehicles: -€3,586
- Deferred charges and accrued income +€1,935
up €1,935 (+93.3%), from €2,074 to €4,009
- Trade debts -€27,561
down €27,561 (-84.7%), from €32,551 to €4,990
- Profit (loss) carried forward -€6,607
down €6,607 (-10.7%), from €61,506 to €54,899
- Tax, wage and social debts -€5,830
no longer reported in 2025 (was €5,830)
- Other debts +€4,445
new in 2025: €4,445
- Turnover -€201,138
down €201,138 (-52.3%), from €384,416 to €183,278
- Purchases and services -€158,773
down €158,773 (-48.9%), from €324,511 to €165,738
- Gross operating margin -€38,750
down €38,750 (-68.8%), from €56,290 to €17,540
- Taxes -€25,429
no longer reported in 2025 (was €25,429)
- Financial income -€23,526
down €23,526 (-83.8%), from €28,090 to €4,564
of which Non-recurring financial income: -€24,324
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 | €119,491 | €83,937 | -€35,553 | -29.8% |
| Fixed assets | 21/28 | €18,951 | €14,260 | -€4,691 | -24.8% |
| Tangible fixed assets | 22/27 | €18,771 | €13,870 | -€4,901 | -26.1% |
| Plant, machinery and equipment | 23 | €3,868 | €2,554 | -€1,315 | -34.0% |
| Furniture and vehicles | 24 | €14,902 | €11,316 | -€3,586 | -24.1% |
| Financial fixed assets | 28 | €180 | €390 | +€210 | +116.7% |
| Current assets | 29/58 | €100,540 | €69,678 | -€30,862 | -30.7% |
| Stocks and contracts in progress | 3 | - | €10,792 | +€10,792 | |
| Stocks | 30/36 | - | €10,792 | +€10,792 | |
| Amounts receivable within one year | 40/41 | €87,560 | €51,910 | -€35,650 | -40.7% |
| Trade receivables | 40 | €74,366 | €48,218 | -€26,148 | -35.2% |
| Other amounts receivable | 41 | €13,194 | €3,692 | -€9,502 | -72.0% |
| Cash at bank and in hand | 54/58 | €10,906 | €2,968 | -€7,939 | -72.8% |
| Deferred charges and accrued income | 490/1 | €2,074 | €4,009 | +€1,935 | +93.3% |
| Total equity and liabilities | 10/49 | €119,491 | €83,937 | -€35,553 | -29.8% |
| Equity | 10/15 | €71,506 | €64,899 | -€6,607 | -9.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,506 | €54,899 | -€6,607 | -10.7% |
| Amounts payable | 17/49 | €47,984 | €19,039 | -€28,946 | -60.3% |
| Amounts payable within one year | 42/48 | €38,381 | €9,435 | -€28,946 | -75.4% |
| Trade debts | 44 | €32,551 | €4,990 | -€27,561 | -84.7% |
| Suppliers | 440/4 | €32,551 | €4,990 | -€27,561 | -84.7% |
| Taxes, remuneration and social security | 45 | €5,830 | - | -€5,830 | |
| Taxes | 450/3 | €5,830 | - | -€5,830 | |
| Other amounts payable | 47/48 | - | €4,445 | +€4,445 | |
| Accrued charges and deferred income | 492/3 | €9,604 | €9,604 | = | 0.0% |
| Turnover | 70 | €384,416 | €183,278 | -€201,138 | -52.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €324,511 | €165,738 | -€158,773 | -48.9% |
| Remuneration, social security and pensions | 62 | €2,413 | €9,635 | +€7,222 | +299.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,719 | €8,169 | -€2,549 | -23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,284 | - | -€2,284 | |
| Other operating charges | 640/8 | €6,677 | €2,347 | -€4,330 | -64.9% |
| Gross operating margin | 9900 | €56,290 | €17,540 | -€38,750 | -68.8% |
| Operating profit (loss) | 9901 | €34,198 | -€2,611 | -€36,809 | |
| Financial income | 75/76B | €28,090 | €4,564 | -€23,526 | -83.8% |
| Recurring financial income | 75 | €169 | €967 | +€798 | +472.0% |
| Non-recurring financial income | 76B | €27,921 | €3,597 | -€24,324 | -87.1% |
| Financial charges | 65/66B | €21,990 | €8,559 | -€13,431 | -61.1% |
| Recurring financial charges | 65 | €16,394 | €8,559 | -€7,835 | -47.8% |
| Non-recurring financial charges | 66B | €5,596 | - | -€5,596 | |
| Profit (loss) for the period before taxes | 9903 | €40,297 | -€6,607 | -€46,904 | |
| Income taxes | 67/77 | €25,429 | - | -€25,429 | |
| Profit (loss) for the period | 9904 | €14,868 | -€6,607 | -€21,475 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,868 | -€6,607 | -€21,475 |
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.