INOWY: 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.
INOWY
Largest movements
- Receivables after one year +€11,469
new in 2025: €11,469
- Receivables within one year +€7,803
up €7,803 (+835.8%), from €934 to €8,737
of which Trade receivables: +€8,617
- Tangible fixed assets -€4,838
down €4,838 (-47.2%), from €10,257 to €5,419
of which Furniture and vehicles: -€2,861
- Cash -€3,935
down €3,935 (-23.9%), from €16,475 to €12,540
mainly Trade debts (-€40,616) and Other debts (-€31,556)
- Reserves +€43,520
up €43,520 (+119.9%), from €36,312 to €79,832
- Trade debts -€40,616
down €40,616 (-94.6%), from €42,931 to €2,316
- Other debts -€31,556
down €31,556 (-43.5%), from €72,510 to €40,954
- Accrued charges and deferred income +€28,233
new in 2025: €28,233
- Tax, wage and social debts +€11,448
up €11,448 (+59.2%), from €19,337 to €30,785
- Gross operating margin +€10,956
up €10,956 (+18.9%), from €58,019 to €68,975
- Taxes +€6,466
up €6,466 (+62.0%), from €10,430 to €16,896
- Financial charges +€1,865
up €1,865 (+171.9%), from €1,085 to €2,951
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 | €174,090 | €185,119 | +€11,029 | +6.3% |
| Fixed assets | 21/28 | €152,907 | €148,069 | -€4,838 | -3.2% |
| Tangible fixed assets | 22/27 | €10,257 | €5,419 | -€4,838 | -47.2% |
| Furniture and vehicles | 24 | €6,248 | €3,387 | -€2,861 | -45.8% |
| Other tangible fixed assets | 26 | €4,009 | €2,032 | -€1,977 | -49.3% |
| Financial fixed assets | 28 | €142,650 | €142,650 | = | 0.0% |
| Current assets | 29/58 | €21,183 | €37,051 | +€15,867 | +74.9% |
| Amounts receivable after more than one year | 29 | - | €11,469 | +€11,469 | |
| Trade receivables | 290 | - | €11,469 | +€11,469 | |
| Amounts receivable within one year | 40/41 | €934 | €8,737 | +€7,803 | +835.8% |
| Trade receivables | 40 | - | €8,617 | +€8,617 | |
| Other amounts receivable | 41 | €934 | €120 | -€814 | -87.2% |
| Cash at bank and in hand | 54/58 | €16,475 | €12,540 | -€3,935 | -23.9% |
| Deferred charges and accrued income | 490/1 | €3,774 | €4,305 | +€531 | +14.1% |
| Total equity and liabilities | 10/49 | €174,090 | €185,119 | +€11,029 | +6.3% |
| Equity | 10/15 | €39,312 | €82,832 | +€43,520 | +110.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,312 | €79,832 | +€43,520 | +119.9% |
| Distributable reserves | 133 | €36,312 | €79,832 | +€43,520 | +119.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €134,779 | €102,288 | -€32,491 | -24.1% |
| Amounts payable within one year | 42/48 | €134,779 | €74,054 | -€60,724 | -45.1% |
| Trade debts | 44 | €42,931 | €2,316 | -€40,616 | -94.6% |
| Suppliers | 440/4 | €42,931 | €2,316 | -€40,616 | -94.6% |
| Taxes, remuneration and social security | 45 | €19,337 | €30,785 | +€11,448 | +59.2% |
| Taxes | 450/3 | €19,337 | €30,785 | +€11,448 | +59.2% |
| Other amounts payable | 47/48 | €72,510 | €40,954 | -€31,556 | -43.5% |
| Accrued charges and deferred income | 492/3 | - | €28,233 | +€28,233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,542 | €4,838 | +€297 | +6.5% |
| Other operating charges | 640/8 | €566 | €770 | +€204 | +36.0% |
| Gross operating margin | 9900 | €58,019 | €68,975 | +€10,956 | +18.9% |
| Operating profit (loss) | 9901 | €52,911 | €63,367 | +€10,456 | +19.8% |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.7% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.7% |
| Financial charges | 65/66B | €1,085 | €2,951 | +€1,865 | +171.9% |
| Recurring financial charges | 65 | €1,085 | €2,951 | +€1,865 | +171.9% |
| Profit (loss) for the period before taxes | 9903 | €51,834 | €60,416 | +€8,582 | +16.6% |
| Income taxes | 67/77 | €10,430 | €16,896 | +€6,466 | +62.0% |
| Profit (loss) for the period | 9904 | €41,404 | €43,520 | +€2,116 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,404 | €43,520 | +€2,116 | +5.1% |
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 8 October 2026 via checked.be.