INOX PLUS: 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.
What changed
INOX PLUS
NACE 31.001, Manufacture of furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€125,302
2024 · €129,669-€4,367
Equity
€550,000
2024 · €550,000
Cash
€361,829
2024 · €365,535-€3,706
Balance sheet total
€855,268
2024 · €789,091+€66,177
Largest movements
Assets
- Receivables within one year +€61,333
up €61,333 (+35.2%), from €174,018 to €235,351
of which Trade receivables: +€64,367
- Stocks and contracts +€9,391
up €9,391 (+4.4%), from €214,843 to €224,234
of which Contracts in progress: +€27,308
Equity and liabilities
- Other debts +€45,633
up €45,633 (+57.3%), from €79,669 to €125,302
- Trade debts +€16,671
up €16,671 (+23.5%), from €70,813 to €87,484
Income statement
- Gross operating margin +€133,527
up €133,527 (+18.8%), from €711,793 to €845,320
- Staff costs +€129,161
up €129,161 (+26.2%), from €492,815 to €621,976
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.
Result 2024
€129,669
Gross operating margin
+€133,527
Staff costs
-€129,161
Depreciation
+€805
Write-downs
-€5,919
Other operating charges
+€2,519
Other operating items
-€7,064
Financial income
-€6,391
Financial charges
+€6,212
Taxes
+€1,105
Result 2025
€125,302
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€124,603
Investment
-€3,007
Financing
-€125,302
Cash 2024
€365,535
From operations (derived)
+€124,603
Net result for the year
+€125,302
Depreciation
+€8,464
Stocks and contracts
-€9,391
Receivables within one year
-€61,333
Deferred charges and accrued income
-€4,616
Trade debts
+€16,671
Tax, wage and social debts
+€4,061
Other debts
+€45,633
Accrued charges and deferred income
-€188
Investment (derived)
-€3,007
Investment in fixed assets (net)
-€3,007
Financing
-€125,302
Contributions, distributions and other
-€125,302
Cash 2025
€361,829
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €789,091 | €855,268 | +€66,177 | +8.4% |
| Fixed assets | 21/28 | €33,575 | €28,118 | -€5,457 | -16.3% |
| Tangible fixed assets | 22/27 | €33,575 | €28,118 | -€5,457 | -16.3% |
| Land and buildings | 22 | €14,069 | €12,296 | -€1,773 | -12.6% |
| Plant, machinery and equipment | 23 | €16,472 | €13,512 | -€2,960 | -18.0% |
| Furniture and vehicles | 24 | €3,034 | €2,310 | -€724 | -23.9% |
| Current assets | 29/58 | €755,516 | €827,150 | +€71,634 | +9.5% |
| Stocks and contracts in progress | 3 | €214,843 | €224,234 | +€9,391 | +4.4% |
| Stocks | 30/36 | €168,904 | €150,987 | -€17,917 | -10.6% |
| Contracts in progress | 37 | €45,939 | €73,247 | +€27,308 | +59.4% |
| Amounts receivable within one year | 40/41 | €174,018 | €235,351 | +€61,333 | +35.2% |
| Trade receivables | 40 | €162,387 | €226,754 | +€64,367 | +39.6% |
| Other amounts receivable | 41 | €11,631 | €8,597 | -€3,034 | -26.1% |
| Cash at bank and in hand | 54/58 | €365,535 | €361,829 | -€3,706 | -1.0% |
| Deferred charges and accrued income | 490/1 | €1,120 | €5,736 | +€4,616 | +412% |
| Total equity and liabilities | 10/49 | €789,091 | €855,268 | +€66,177 | +8.4% |
| Equity | 10/15 | €550,000 | €550,000 | = | 0.0% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €331,400 | €331,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €329,540 | €329,540 | = | 0.0% |
| Amounts payable | 17/49 | €239,091 | €305,268 | +€66,177 | +27.7% |
| Amounts payable within one year | 42/48 | €238,903 | €305,268 | +€66,365 | +27.8% |
| Trade debts | 44 | €70,813 | €87,484 | +€16,671 | +23.5% |
| Suppliers | 440/4 | €70,813 | €87,484 | +€16,671 | +23.5% |
| Taxes, remuneration and social security | 45 | €88,421 | €92,482 | +€4,061 | +4.6% |
| Taxes | 450/3 | €61,805 | €50,889 | -€10,916 | -17.7% |
| Remuneration and social security | 454/9 | €26,616 | €41,593 | +€14,977 | +56.3% |
| Other amounts payable | 47/48 | €79,669 | €125,302 | +€45,633 | +57.3% |
| Accrued charges and deferred income | 492/3 | €188 | - | -€188 | |
| Non-recurring operating income | 76A | €1,356 | - | -€1,356 | |
| Remuneration, social security and pensions | 62 | €492,815 | €621,976 | +€129,161 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,269 | €8,464 | -€805 | -8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,919 | - | +€5,919 | |
| Other operating charges | 640/8 | €4,435 | €1,916 | -€2,519 | -56.8% |
| Non-recurring operating charges | 66A | €8,620 | €15,684 | +€7,064 | +81.9% |
| Gross operating margin | 9900 | €711,793 | €845,320 | +€133,527 | +18.8% |
| Operating profit (loss) | 9901 | €202,573 | €197,280 | -€5,293 | -2.6% |
| Financial income | 75/76B | €6,901 | €510 | -€6,391 | -92.6% |
| Recurring financial income | 75 | €6,901 | €510 | -€6,391 | -92.6% |
| Financial charges | 65/66B | €31,249 | €25,037 | -€6,212 | -19.9% |
| Recurring financial charges | 65 | €31,249 | €25,037 | -€6,212 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €178,225 | €172,753 | -€5,472 | -3.1% |
| Income taxes | 67/77 | €48,556 | €47,451 | -€1,105 | -2.3% |
| Profit (loss) for the period | 9904 | €129,669 | €125,302 | -€4,367 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €129,669 | €125,302 | -€4,367 | -3.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.