INPA: 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.
INPA
Largest movements
- Cash +€7,780
up €7,780 (+38.3%), from €20,290 to €28,070
mainly Trade debts (+€7,726) and Net result for the year (+€6,215)
- Receivables within one year +€3,828
up €3,828 (+594%), from €645 to €4,472
of which Trade receivables: +€2,266
- Tangible fixed assets -€2,778
down €2,778 (-15.8%), from €17,599 to €14,821
of which Other tangible fixed assets: -€5,866
- Stocks and contracts +€1,690
up €1,690 (+5.7%), from €29,817 to €31,506
- Trade debts +€7,726
up €7,726 (+68.9%), from €11,205 to €18,931
- Debts after one year -€7,180
down €7,180 (-54.2%), from €13,258 to €6,078
- Profit (loss) carried forward +€3,642
no longer reported in 2025 (was -€3,642)
- Reserves +€2,574
up €2,574 (+8.7%), from €29,515 to €32,088
of which Distributable reserves: +€2,574
- Tax, wage and social debts +€2,121
up €2,121 (+54.7%), from €3,881 to €6,002
of which Remuneration and social security: +€2,026
- Gross operating margin +€4,353
up €4,353 (+29.1%), from €14,951 to €19,305
- Financial charges -€247
down €247 (-8.4%), from €2,933 to €2,686
- Depreciation +€221
up €221 (+3.8%), from €5,866 to €6,087
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 | €69,818 | €80,252 | +€10,434 | +14.9% |
| Fixed assets | 21/28 | €17,599 | €14,821 | -€2,778 | -15.8% |
| Tangible fixed assets | 22/27 | €17,599 | €14,821 | -€2,778 | -15.8% |
| Plant, machinery and equipment | 23 | - | €3,088 | +€3,088 | |
| Other tangible fixed assets | 26 | €17,599 | €11,733 | -€5,866 | -33.3% |
| Current assets | 29/58 | €52,218 | €65,431 | +€13,212 | +25.3% |
| Stocks and contracts in progress | 3 | €29,817 | €31,506 | +€1,690 | +5.7% |
| Stocks | 30/36 | €29,817 | €31,506 | +€1,690 | +5.7% |
| Amounts receivable within one year | 40/41 | €645 | €4,472 | +€3,828 | +594% |
| Trade receivables | 40 | €564 | €2,830 | +€2,266 | +402% |
| Other amounts receivable | 41 | €81 | €1,643 | +€1,562 | +1,937% |
| Cash at bank and in hand | 54/58 | €20,290 | €28,070 | +€7,780 | +38.3% |
| Deferred charges and accrued income | 490/1 | €1,467 | €1,381 | -€85 | -5.8% |
| Total equity and liabilities | 10/49 | €69,818 | €80,252 | +€10,434 | +14.9% |
| Equity | 10/15 | €32,073 | €38,288 | +€6,215 | +19.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,515 | €32,088 | +€2,574 | +8.7% |
| Tax-exempt reserves | 132 | €263 | €263 | = | 0.0% |
| Distributable reserves | 133 | €29,251 | €31,825 | +€2,574 | +8.8% |
| Profit (loss) carried forward | 14 | -€3,642 | - | +€3,642 | |
| Amounts payable | 17/49 | €37,745 | €41,964 | +€4,219 | +11.2% |
| Amounts payable after more than one year | 17 | €13,258 | €6,078 | -€7,180 | -54.2% |
| Financial debts | 170/4 | €13,258 | €6,078 | -€7,180 | -54.2% |
| Amounts payable within one year | 42/48 | €24,487 | €35,886 | +€11,399 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €8,796 | €10,318 | +€1,522 | +17.3% |
| Trade debts | 44 | €11,205 | €18,931 | +€7,726 | +68.9% |
| Suppliers | 440/4 | €11,205 | €18,931 | +€7,726 | +68.9% |
| Taxes, remuneration and social security | 45 | €3,881 | €6,002 | +€2,121 | +54.7% |
| Taxes | 450/3 | €2,041 | €2,136 | +€95 | +4.7% |
| Remuneration and social security | 454/9 | €1,840 | €3,866 | +€2,026 | +110% |
| Other amounts payable | 47/48 | €605 | €635 | +€30 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,866 | €6,087 | +€221 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €131 | +€131 | |
| Other operating charges | 640/8 | €2,348 | €2,419 | +€70 | +3.0% |
| Gross operating margin | 9900 | €14,951 | €19,305 | +€4,353 | +29.1% |
| Operating profit (loss) | 9901 | €6,736 | €10,668 | +€3,932 | +58.4% |
| Financial income | 75/76B | €138 | €71 | -€67 | -48.6% |
| Recurring financial income | 75 | €138 | €71 | -€67 | -48.6% |
| Financial charges | 65/66B | €2,933 | €2,686 | -€247 | -8.4% |
| Recurring financial charges | 65 | €2,933 | €2,686 | -€247 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €3,942 | €8,053 | +€4,112 | +104% |
| Income taxes | 67/77 | €1,919 | €1,838 | -€81 | -4.2% |
| Profit (loss) for the period | 9904 | €2,022 | €6,215 | +€4,193 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €2,022 | €6,215 | +€4,193 | +207% |
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 19 October 2026 via checked.be.