INPHAGRO: 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.
INPHAGRO
Largest movements
- Financial fixed assets +€710,381
up €710,381 (+12.6%), from €5.6m to €6.3m
of which Other financial fixed assets: +€3.4m
- Receivables after one year +€300,000
new in 2025: €300,000
- Receivables within one year -€102,874
down €102,874 (-17.5%), from €588,627 to €485,753
of which Other amounts receivable: -€152,839
- Profit (loss) carried forward +€2.2m
up €2.2m (+324%), from €665,292 to €2.8m
- Trade debts -€1.0m
down €1.0m (-90.2%), from €1.1m to €108,461
- Other debts -€884,009
down €884,009 (-35.7%), from €2.5m to €1.6m
- Debts after one year +€828,643
up €828,643 (+58.6%), from €1.4m to €2.2m
- Current portion of long-term debt -€164,342
down €164,342 (-30.8%), from €533,283 to €368,941
- Financial income +€2.4m
up €2.4m (+574%), from €420,793 to €2.8m
of which Non-recurring financial income: +€2.2m
- Financial charges -€1.8m
down €1.8m (-87.4%), from €2.1m to €259,774
of which Non-recurring financial charges: -€2.0m
- Services and other goods -€278,969
down €278,969 (-35.8%), from €780,212 to €501,243
- Turnover +€79,500
up €79,500, from €0 to €79,500
- Other operating income -€5,500
down €5,500 (-100%), from €5,500 to €0
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 | €6,270,659 | €7,152,618 | +€881,958 | +14.1% |
| Fixed assets | 21/28 | €5,616,306 | €6,326,687 | +€710,381 | +12.6% |
| Financial fixed assets | 28 | €5,616,306 | €6,326,687 | +€710,381 | +12.6% |
| Affiliated companies | 280/1 | €5,192,375 | €2,505,000 | -€2.7m | -51.8% |
| Participating interests | 280 | €5,192,375 | €2,505,000 | -€2.7m | -51.8% |
| Companies linked by participating interests | 282/3 | €306,000 | €306,000 | = | 0.0% |
| Participating interests | 282 | €306,000 | €306,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €117,931 | €3,515,687 | +€3.4m | +2,881% |
| Shares | 284 | €117,931 | €144,031 | +€26,100 | +22.1% |
| Amounts receivable and cash guarantees | 285/8 | - | €3,371,656 | +€3.4m | |
| Current assets | 29/58 | €654,353 | €825,930 | +€171,577 | +26.2% |
| Amounts receivable after more than one year | 29 | - | €300,000 | +€300,000 | |
| Other amounts receivable | 291 | - | €300,000 | +€300,000 | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €588,627 | €485,753 | -€102,874 | -17.5% |
| Trade receivables | 40 | €0 | €49,965 | +€49,965 | |
| Other amounts receivable | 41 | €588,627 | €435,788 | -€152,839 | -26.0% |
| Cash at bank and in hand | 54/58 | €65,726 | €40,177 | -€25,549 | -38.9% |
| Total equity and liabilities | 10/49 | €6,270,659 | €7,152,618 | +€881,958 | +14.1% |
| Equity | 10/15 | €685,752 | €2,839,827 | +€2.2m | +314% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €665,292 | €2,819,367 | +€2.2m | +324% |
| Amounts payable | 17/49 | €5,584,907 | €4,312,790 | -€1.3m | -22.8% |
| Amounts payable after more than one year | 17 | €1,413,431 | €2,242,074 | +€828,643 | +58.6% |
| Financial debts | 170/4 | €1,413,431 | €2,242,074 | +€828,643 | +58.6% |
| Subordinated loans | 170 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 173 | €913,431 | €653,074 | -€260,357 | -28.5% |
| Other loans | 174 | - | €1,089,000 | +€1.1m | |
| Amounts payable within one year | 42/48 | €4,171,476 | €2,070,716 | -€2.1m | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €533,283 | €368,941 | -€164,342 | -30.8% |
| Financial debts | 43 | €50,934 | €0 | -€50,934 | -100% |
| Credit institutions | 430/8 | €50,934 | €0 | -€50,934 | -100% |
| Trade debts | 44 | €1,109,936 | €108,461 | -€1.0m | -90.2% |
| Suppliers | 440/4 | €1,109,936 | €108,461 | -€1.0m | -90.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,477,323 | €1,593,315 | -€884,009 | -35.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €5,500 | €79,500 | +€74,000 | +1,345% |
| Turnover | 70 | €0 | €79,500 | +€79,500 | |
| Other operating income | 74 | €5,500 | €0 | -€5,500 | -100% |
| Operating charges | 60/66A | €782,151 | €502,682 | -€279,469 | -35.7% |
| Services and other goods | 61 | €780,212 | €501,243 | -€278,969 | -35.8% |
| Other operating charges | 640/8 | €1,939 | €1,440 | -€499 | -25.8% |
| Operating profit (loss) | 9901 | -€776,651 | -€423,182 | +€353,469 | +45.5% |
| Financial income | 75/76B | €420,793 | €2,837,032 | +€2.4m | +574% |
| Recurring financial income | 75 | €420,793 | €652,750 | +€231,957 | +55.1% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €420,500 | €652,750 | +€232,250 | +55.2% |
| Other financial income | 752/9 | €293 | €0 | -€293 | -100% |
| Non-recurring financial income | 76B | - | €2,184,281 | +€2.2m | |
| Financial charges | 65/66B | €2,067,057 | €259,774 | -€1.8m | -87.4% |
| Recurring financial charges | 65 | €76,057 | €259,774 | +€183,717 | +242% |
| Debt charges | 650 | €68,603 | €259,009 | +€190,405 | +278% |
| Other financial charges | 652/9 | €7,454 | €765 | -€6,688 | -89.7% |
| Non-recurring financial charges | 66B | €1,991,000 | €0 | -€2.0m | -100% |
| Profit (loss) for the period before taxes | 9903 | -€2,422,915 | €2,154,075 | +€4.6m | |
| Profit (loss) for the period | 9904 | -€2,422,915 | €2,154,075 | +€4.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,422,915 | €2,154,075 | +€4.6m |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.