INPECO NE: 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.
INPECO NE
Largest movements
- Cash -€82,962
down €82,962 (-27.8%), from €298,074 to €215,112
mainly Provisions (-€70,000) and Tax, wage and social debts (-€41,060)
- Receivables within one year +€6,148
up €6,148 (+2.2%), from €281,758 to €287,905
of which Other amounts receivable: +€20,937
- Provisions -€70,000
down €70,000 (-100%), from €70,000 to €0
- Reserves +€46,000
up €46,000 (+18.5%), from €249,200 to €295,200
of which Distributable reserves: +€46,000
- Tax, wage and social debts -€41,060
down €41,060 (-23.3%), from €176,493 to €135,433
of which Taxes: -€23,435
- Trade debts -€12,211
down €12,211 (-29.9%), from €40,879 to €28,668
- Gross operating margin -€299,309
down €299,309 (-30.5%), from €981,143 to €681,834
- Staff costs -€142,718
down €142,718 (-17.0%), from €840,225 to €697,507
- Provisions -€140,000
down €140,000, from €70,000 to -€70,000
- Taxes -€41,487
down €41,487 (-80.3%), from €51,634 to €10,146
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 | €599,245 | €521,338 | -€77,907 | -13.0% |
| Fixed assets | 21/28 | €9,865 | €6,843 | -€3,022 | -30.6% |
| Tangible fixed assets | 22/27 | €7,065 | €4,043 | -€3,022 | -42.8% |
| Plant, machinery and equipment | 23 | €4,534 | €2,976 | -€1,558 | -34.4% |
| Furniture and vehicles | 24 | €2,531 | €1,067 | -€1,464 | -57.8% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €589,380 | €514,495 | -€74,885 | -12.7% |
| Amounts receivable within one year | 40/41 | €281,758 | €287,905 | +€6,148 | +2.2% |
| Trade receivables | 40 | €274,057 | €259,268 | -€14,790 | -5.4% |
| Other amounts receivable | 41 | €7,700 | €28,638 | +€20,937 | +272% |
| Cash at bank and in hand | 54/58 | €298,074 | €215,112 | -€82,962 | -27.8% |
| Deferred charges and accrued income | 490/1 | €9,548 | €11,478 | +€1,930 | +20.2% |
| Total equity and liabilities | 10/49 | €599,245 | €521,338 | -€77,907 | -13.0% |
| Equity | 10/15 | €311,874 | €357,237 | +€45,364 | +14.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €249,200 | €295,200 | +€46,000 | +18.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €243,000 | €289,000 | +€46,000 | +18.9% |
| Profit (loss) carried forward | 14 | €674 | €37 | -€636 | -94.5% |
| Provisions and deferred taxes | 16 | €70,000 | €0 | -€70,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €70,000 | €0 | -€70,000 | -100% |
| Other liabilities and charges | 164/5 | €70,000 | €0 | -€70,000 | -100% |
| Amounts payable | 17/49 | €217,372 | €164,101 | -€53,271 | -24.5% |
| Amounts payable within one year | 42/48 | €217,372 | €164,101 | -€53,271 | -24.5% |
| Trade debts | 44 | €40,879 | €28,668 | -€12,211 | -29.9% |
| Suppliers | 440/4 | €40,879 | €28,668 | -€12,211 | -29.9% |
| Taxes, remuneration and social security | 45 | €176,493 | €135,433 | -€41,060 | -23.3% |
| Taxes | 450/3 | €41,650 | €18,215 | -€23,435 | -56.3% |
| Remuneration and social security | 454/9 | €134,843 | €117,218 | -€17,625 | -13.1% |
| Remuneration, social security and pensions | 62 | €840,225 | €697,507 | -€142,718 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,945 | €2,551 | +€606 | +31.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €70,000 | -€70,000 | -€140,000 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €981,143 | €681,834 | -€299,309 | -30.5% |
| Operating profit (loss) | 9901 | €68,586 | €51,376 | -€17,209 | -25.1% |
| Financial income | 75/76B | €7,044 | €4,442 | -€2,602 | -36.9% |
| Recurring financial income | 75 | €7,044 | €4,442 | -€2,602 | -36.9% |
| Financial charges | 65/66B | €301 | €309 | +€8 | +2.6% |
| Recurring financial charges | 65 | €301 | €309 | +€8 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €75,329 | €55,510 | -€19,819 | -26.3% |
| Income taxes | 67/77 | €51,634 | €10,146 | -€41,487 | -80.3% |
| Profit (loss) for the period | 9904 | €23,695 | €45,364 | +€21,669 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,695 | €45,364 | +€21,669 | +91.4% |
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 27 October 2026 via checked.be.