INPEKS: 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.
INPEKS
Largest movements
- Tangible fixed assets -€20,455
down €20,455 (-28.7%), from €71,156 to €50,701
of which Furniture and vehicles: -€12,317
- Cash -€14,994
down €14,994 (-43.4%), from €34,557 to €19,562
mainly Debts after one year (-€18,552) and Receivables within one year (-€14,467)
- Receivables within one year +€14,467
up €14,467 (+25.4%), from €56,930 to €71,397
of which Trade receivables: +€16,980
- Stocks and contracts +€9,860
up €9,860 (+141%), from €6,968 to €16,828
- Debts after one year -€18,552
down €18,552 (-38.5%), from €48,234 to €29,681
- Reserves +€9,571
up €9,571 (+24.1%), from €39,737 to €49,308
of which Distributable reserves: +€9,571
- Other debts +€7,653
up €7,653 (+3,077%), from €249 to €7,902
- Trade debts -€5,887
down €5,887 (-16.1%), from €36,643 to €30,757
- Tax, wage and social debts -€3,767
down €3,767 (-24.3%), from €15,492 to €11,726
of which Remuneration and social security: -€2,189
- Gross operating margin -€7,695
down €7,695 (-5.1%), from €150,602 to €142,906
- Taxes +€1,509
up €1,509 (+68.3%), from €2,210 to €3,719
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,653 | €167,513 | -€11,140 | -6.2% |
| Fixed assets | 21/28 | €72,156 | €51,701 | -€20,455 | -28.3% |
| Tangible fixed assets | 22/27 | €71,156 | €50,701 | -€20,455 | -28.7% |
| Land and buildings | 22 | €12,334 | €6,167 | -€6,167 | -50.0% |
| Plant, machinery and equipment | 23 | €10,122 | €8,150 | -€1,972 | -19.5% |
| Furniture and vehicles | 24 | €48,700 | €36,383 | -€12,317 | -25.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €106,497 | €115,812 | +€9,315 | +8.7% |
| Stocks and contracts in progress | 3 | €6,968 | €16,828 | +€9,860 | +141% |
| Stocks | 30/36 | €6,968 | €16,828 | +€9,860 | +141% |
| Amounts receivable within one year | 40/41 | €56,930 | €71,397 | +€14,467 | +25.4% |
| Trade receivables | 40 | €49,102 | €66,082 | +€16,980 | +34.6% |
| Other amounts receivable | 41 | €7,828 | €5,315 | -€2,513 | -32.1% |
| Cash at bank and in hand | 54/58 | €34,557 | €19,562 | -€14,994 | -43.4% |
| Deferred charges and accrued income | 490/1 | €8,043 | €8,025 | -€18 | -0.2% |
| Total equity and liabilities | 10/49 | €178,653 | €167,513 | -€11,140 | -6.2% |
| Equity | 10/15 | €58,337 | €67,908 | +€9,571 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,737 | €49,308 | +€9,571 | +24.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €39,737 | €49,308 | +€9,571 | +24.1% |
| Amounts payable | 17/49 | €120,316 | €99,605 | -€20,711 | -17.2% |
| Amounts payable after more than one year | 17 | €48,234 | €29,681 | -€18,552 | -38.5% |
| Financial debts | 170/4 | €48,234 | €29,681 | -€18,552 | -38.5% |
| Amounts payable within one year | 42/48 | €71,754 | €68,936 | -€2,818 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €19,335 | €18,552 | -€783 | -4.0% |
| Financial debts | 43 | €35 | €0 | -€35 | -100% |
| Credit institutions | 430/8 | €35 | €0 | -€35 | -100% |
| Trade debts | 44 | €36,643 | €30,757 | -€5,887 | -16.1% |
| Suppliers | 440/4 | €36,643 | €30,757 | -€5,887 | -16.1% |
| Taxes, remuneration and social security | 45 | €15,492 | €11,726 | -€3,767 | -24.3% |
| Taxes | 450/3 | €2,720 | €1,143 | -€1,577 | -58.0% |
| Remuneration and social security | 454/9 | €12,772 | €10,582 | -€2,189 | -17.1% |
| Other amounts payable | 47/48 | €249 | €7,902 | +€7,653 | +3,077% |
| Accrued charges and deferred income | 492/3 | €328 | €987 | +€659 | +201% |
| Remuneration, social security and pensions | 62 | €105,723 | €106,100 | +€377 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,483 | €20,455 | +€972 | +5.0% |
| Other operating charges | 640/8 | €3,952 | €3,402 | -€551 | -13.9% |
| Gross operating margin | 9900 | €150,602 | €142,906 | -€7,695 | -5.1% |
| Operating profit (loss) | 9901 | €21,444 | €12,950 | -€8,494 | -39.6% |
| Financial income | 75/76B | €2,763 | €3,495 | +€732 | +26.5% |
| Recurring financial income | 75 | €2,763 | €3,495 | +€732 | +26.5% |
| Financial charges | 65/66B | €2,568 | €3,156 | +€588 | +22.9% |
| Recurring financial charges | 65 | €2,568 | €3,156 | +€588 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €21,639 | €13,290 | -€8,350 | -38.6% |
| Income taxes | 67/77 | €2,210 | €3,719 | +€1,509 | +68.3% |
| Profit (loss) for the period | 9904 | €19,429 | €9,571 | -€9,859 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,429 | €9,571 | -€9,859 | -50.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.