INOX FACTORY: 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.
INOX FACTORY
Largest movements
- Tangible fixed assets +€558,319
up €558,319 (+4,331%), from €12,892 to €571,211
- Financial fixed assets +€334,905
up €334,905 (+189,212%), from €177 to €335,082
- Cash -€99,308
down €99,308 (-96.7%), from €102,671 to €3,363
mainly Investment in fixed assets (net) (-€984,101) and Tax, wage and social debts (-€6,146)
- Debts after one year +€356,503
new in 2025: €356,503
- Reserves +€346,829
up €346,829 (+11,658%), from €2,975 to €349,804
of which Tax-exempt reserves: +€346,829
- Provisions +€115,610
new in 2025: €115,610
- Profit (loss) carried forward -€39,683
down €39,683 (-54.1%), from €73,305 to €33,622
- Current portion of long-term debt +€20,344
new in 2025: €20,344
- Gross operating margin +€478,747
up €478,747 (+1,037%), from €46,147 to €524,894
- Depreciation +€86,580
up €86,580 (+2,015%), from €4,297 to €90,877
- Financial charges +€17,674
up €17,674 (+12,996%), from €136 to €17,810
- Financial income +€12,053
new in 2025: €12,053
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 | €117,556 | €909,655 | +€792,099 | +674% |
| Fixed assets | 21/28 | €13,069 | €906,293 | +€893,224 | +6,835% |
| Tangible fixed assets | 22/27 | €12,892 | €571,211 | +€558,319 | +4,331% |
| Land and buildings | 22 | €12,892 | €571,211 | +€558,319 | +4,331% |
| Financial fixed assets | 28 | €177 | €335,082 | +€334,905 | +189,212% |
| Current assets | 29/58 | €104,487 | €3,363 | -€101,124 | -96.8% |
| Amounts receivable within one year | 40/41 | €1,816 | €0 | -€1,816 | -100% |
| Other amounts receivable | 41 | €1,816 | €0 | -€1,816 | -100% |
| Cash at bank and in hand | 54/58 | €102,671 | €3,363 | -€99,308 | -96.7% |
| Total equity and liabilities | 10/49 | €117,556 | €909,655 | +€792,099 | +674% |
| Equity | 10/15 | €106,027 | €413,174 | +€307,147 | +290% |
| Contributions | 10/11 | €29,747 | €29,747 | +€0 | 0.0% |
| Reserves | 13 | €2,975 | €349,804 | +€346,829 | +11,658% |
| Tax-exempt reserves | 132 | - | €346,829 | +€346,829 | |
| Distributable reserves | 133 | €2,975 | €2,975 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €73,305 | €33,622 | -€39,683 | -54.1% |
| Provisions and deferred taxes | 16 | - | €115,610 | +€115,610 | |
| Deferred taxes | 168 | - | €115,610 | +€115,610 | |
| Amounts payable | 17/49 | €11,529 | €380,872 | +€369,343 | +3,204% |
| Amounts payable after more than one year | 17 | - | €356,503 | +€356,503 | |
| Financial debts | 170/4 | - | €356,503 | +€356,503 | |
| Amounts payable within one year | 42/48 | €11,529 | €24,369 | +€12,840 | +111% |
| Current portion of amounts payable after more than one year | 42 | - | €20,344 | +€20,344 | |
| Trade debts | 44 | €669 | €0 | -€669 | -100% |
| Suppliers | 440/4 | €669 | €0 | -€669 | -100% |
| Taxes, remuneration and social security | 45 | €6,146 | €0 | -€6,146 | -100% |
| Taxes | 450/3 | €6,146 | €0 | -€6,146 | -100% |
| Other amounts payable | 47/48 | €4,714 | €4,025 | -€689 | -14.6% |
| Non-recurring operating income | 76A | €86,908 | €527,108 | +€440,200 | +507% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,297 | €90,877 | +€86,580 | +2,015% |
| Other operating charges | 640/8 | €3,902 | €5,504 | +€1,602 | +41.1% |
| Gross operating margin | 9900 | €46,147 | €524,894 | +€478,747 | +1,037% |
| Operating profit (loss) | 9901 | €37,948 | €428,513 | +€390,565 | +1,029% |
| Financial income | 75/76B | - | €12,053 | +€12,053 | |
| Recurring financial income | 75 | - | €12,053 | +€12,053 | |
| Financial charges | 65/66B | €136 | €17,810 | +€17,674 | +12,996% |
| Recurring financial charges | 65 | €136 | €17,810 | +€17,674 | +12,996% |
| Profit (loss) for the period before taxes | 9903 | €37,812 | €422,756 | +€384,944 | +1,018% |
| Transfer from deferred taxes | 780 | - | €16,167 | +€16,167 | |
| Transfer to deferred taxes | 680 | - | €131,777 | +€131,777 | |
| Income taxes | 67/77 | €399 | €0 | -€399 | -100% |
| Profit (loss) for the period | 9904 | €37,413 | €307,146 | +€269,733 | +721% |
| Transfer from tax-exempt reserves | 789 | - | €48,502 | +€48,502 | |
| Transfer to tax-exempt reserves | 689 | - | €395,331 | +€395,331 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,413 | -€39,683 | -€77,096 |
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 31 October 2026 via checked.be.