Inotra: 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.
Inotra
Largest movements
- Current investments -€675,000
down €675,000 (-42.2%), from €1.6m to €925,000
- Receivables within one year +€213,986
up €213,986 (+172%), from €124,075 to €338,061
of which Trade receivables: +€242,798
- Tangible fixed assets -€70,632
down €70,632 (-31.9%), from €221,185 to €150,554
- Cash -€45,605
down €45,605 (-90.6%), from €50,309 to €4,704
mainly Contributions, distributions and other (-€1.3m) and Receivables within one year (-€213,986)
- Reserves -€593,393
down €593,393 (-30.3%), from €2.0m to €1.4m
of which Distributable reserves: -€593,393
- Tax, wage and social debts +€22,476
up €22,476 (+101%), from €22,357 to €44,833
of which Taxes: +€12,150
- Turnover +€163,787
up €163,787 (+12.1%), from €1.4m to €1.5m
- Staff costs +€87,664
up €87,664 (+38.9%), from €225,327 to €312,991
- Goods and materials -€77,490
down €77,490 (-29.4%), from €263,354 to €185,864
- Other operating income -€52,553
down €52,553 (-36.3%), from €144,876 to €92,323
- Services and other goods -€39,284
down €39,284 (-16.2%), from €241,984 to €202,700
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 | €2,034,347 | €1,458,873 | -€575,474 | -28.3% |
| Fixed assets | 21/28 | €255,186 | €189,554 | -€65,632 | -25.7% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -26.3% |
| Tangible fixed assets | 22/27 | €221,185 | €150,554 | -€70,632 | -31.9% |
| Furniture and vehicles | 24 | €221,185 | €150,554 | -€70,632 | -31.9% |
| Financial fixed assets | 28 | €34,000 | €39,000 | +€5,000 | +14.7% |
| Other financial fixed assets | 284/8 | €34,000 | €39,000 | +€5,000 | +14.7% |
| Amounts receivable and cash guarantees | 285/8 | €34,000 | €39,000 | +€5,000 | +14.7% |
| Current assets | 29/58 | €1,779,161 | €1,269,319 | -€509,842 | -28.7% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €124,075 | €338,061 | +€213,986 | +172% |
| Trade receivables | 40 | €69,462 | €312,259 | +€242,798 | +350% |
| Other amounts receivable | 41 | €54,613 | €25,802 | -€28,812 | -52.8% |
| Current investments | 50/53 | €1,600,000 | €925,000 | -€675,000 | -42.2% |
| Other investments | 51/53 | €1,600,000 | €925,000 | -€675,000 | -42.2% |
| Cash at bank and in hand | 54/58 | €50,309 | €4,704 | -€45,605 | -90.6% |
| Deferred charges and accrued income | 490/1 | €4,777 | €1,554 | -€3,224 | -67.5% |
| Total equity and liabilities | 10/49 | €2,034,347 | €1,458,873 | -€575,474 | -28.3% |
| Equity | 10/15 | €1,977,843 | €1,384,450 | -€593,393 | -30.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,959,243 | €1,365,850 | -€593,393 | -30.3% |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €1,853,993 | €1,260,600 | -€593,393 | -32.0% |
| Amounts payable | 17/49 | €56,504 | €74,423 | +€17,919 | +31.7% |
| Amounts payable within one year | 42/48 | €55,084 | €73,944 | +€18,861 | +34.2% |
| Trade debts | 44 | €32,727 | €29,111 | -€3,616 | -11.0% |
| Suppliers | 440/4 | €32,727 | €29,111 | -€3,616 | -11.0% |
| Taxes, remuneration and social security | 45 | €22,357 | €44,833 | +€22,476 | +101% |
| Taxes | 450/3 | - | €12,150 | +€12,150 | |
| Remuneration and social security | 454/9 | €22,357 | €32,683 | +€10,326 | +46.2% |
| Accrued charges and deferred income | 492/3 | €1,420 | €478 | -€941 | -66.3% |
| Operating income | 70/76A | €1,501,778 | €1,619,012 | +€117,234 | +7.8% |
| Turnover | 70 | €1,356,902 | €1,520,689 | +€163,787 | +12.1% |
| Other operating income | 74 | €144,876 | €92,323 | -€52,553 | -36.3% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Operating charges | 60/66A | €793,499 | €777,149 | -€16,350 | -2.1% |
| Goods for resale, raw materials and consumables | 60 | €263,354 | €185,864 | -€77,490 | -29.4% |
| Purchases | 600/8 | €263,354 | €185,864 | -€77,490 | -29.4% |
| Services and other goods | 61 | €241,984 | €202,700 | -€39,284 | -16.2% |
| Remuneration, social security and pensions | 62 | €225,327 | €312,991 | +€87,664 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,728 | €70,632 | +€11,904 | +20.3% |
| Other operating charges | 640/8 | €4,107 | €4,963 | +€857 | +20.9% |
| Operating profit (loss) | 9901 | €708,279 | €841,863 | +€133,584 | +18.9% |
| Financial income | 75/76B | €37,731 | €35,782 | -€1,949 | -5.2% |
| Recurring financial income | 75 | €37,731 | €35,782 | -€1,949 | -5.2% |
| Income from current assets | 751 | €37,731 | €35,782 | -€1,949 | -5.2% |
| Other financial income | 752/9 | - | €0 | = | |
| Financial charges | 65/66B | €114 | €40 | -€74 | -64.8% |
| Recurring financial charges | 65 | €114 | €40 | -€74 | -64.8% |
| Other financial charges | 652/9 | €114 | €40 | -€74 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €745,896 | €877,605 | +€131,709 | +17.7% |
| Income taxes | 67/77 | €187,436 | €220,892 | +€33,456 | +17.8% |
| Taxes | 670/3 | €187,436 | €220,892 | +€33,456 | +17.8% |
| Profit (loss) for the period | 9904 | €558,460 | €656,713 | +€98,253 | +17.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €558,460 | €656,713 | +€98,253 | +17.6% |
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 21 October 2026 via checked.be.