INUENDO: 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.
INUENDO
Largest movements
- Receivables within one year +€17,166
up €17,166 (+113%), from €15,159 to €32,326
of which Trade receivables: +€17,220
- Tangible fixed assets +€4,267
up €4,267 (+1.8%), from €238,328 to €242,595
of which Plant, machinery and equipment: +€17,080
- Reserves +€16,019
up €16,019 (+11.9%), from €134,284 to €150,303
- Current portion of long-term debt -€8,599
down €8,599 (-38.3%), from €22,478 to €13,879
- Other debts +€4,283
up €4,283 (+12.8%), from €33,383 to €37,666
- Gross operating margin +€8,446
up €8,446 (+14.0%), from €60,256 to €68,702
- Depreciation +€3,404
up €3,404 (+21.2%), from €16,036 to €19,440
- Taxes +€1,848
up €1,848 (+16.6%), from €11,159 to €13,007
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 | €301,625 | €318,940 | +€17,315 | +5.7% |
| Fixed assets | 21/28 | €238,328 | €242,595 | +€4,267 | +1.8% |
| Tangible fixed assets | 22/27 | €238,328 | €242,595 | +€4,267 | +1.8% |
| Land and buildings | 22 | €219,280 | €208,422 | -€10,858 | -5.0% |
| Plant, machinery and equipment | 23 | €14,746 | €31,826 | +€17,080 | +116% |
| Furniture and vehicles | 24 | €4,302 | €2,348 | -€1,954 | -45.4% |
| Current assets | 29/58 | €63,297 | €76,344 | +€13,048 | +20.6% |
| Amounts receivable within one year | 40/41 | €15,159 | €32,326 | +€17,166 | +113% |
| Trade receivables | 40 | €11,480 | €28,700 | +€17,220 | +150% |
| Other amounts receivable | 41 | €3,679 | €3,626 | -€54 | -1.5% |
| Cash at bank and in hand | 54/58 | €45,040 | €43,751 | -€1,289 | -2.9% |
| Deferred charges and accrued income | 490/1 | €3,097 | €268 | -€2,829 | -91.4% |
| Total equity and liabilities | 10/49 | €301,625 | €318,940 | +€17,315 | +5.7% |
| Equity | 10/15 | €210,431 | €226,450 | +€16,019 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,284 | €150,303 | +€16,019 | +11.9% |
| Distributable reserves | 133 | €134,284 | €150,303 | +€16,019 | +11.9% |
| Profit (loss) carried forward | 14 | €57,547 | €57,547 | = | 0.0% |
| Amounts payable | 17/49 | €91,194 | €92,490 | +€1,296 | +1.4% |
| Amounts payable after more than one year | 17 | €28,246 | €31,301 | +€3,056 | +10.8% |
| Financial debts | 170/4 | €28,246 | €31,301 | +€3,056 | +10.8% |
| Amounts payable within one year | 42/48 | €62,103 | €58,673 | -€3,430 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €22,478 | €13,879 | -€8,599 | -38.3% |
| Trade debts | 44 | €4,179 | €3,723 | -€456 | -10.9% |
| Suppliers | 440/4 | €4,179 | €3,723 | -€456 | -10.9% |
| Taxes, remuneration and social security | 45 | €2,064 | €3,405 | +€1,342 | +65.0% |
| Taxes | 450/3 | €2,064 | €3,405 | +€1,342 | +65.0% |
| Other amounts payable | 47/48 | €33,383 | €37,666 | +€4,283 | +12.8% |
| Accrued charges and deferred income | 492/3 | €845 | €2,515 | +€1,670 | +198% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,036 | €19,440 | +€3,404 | +21.2% |
| Other operating charges | 640/8 | €499 | €836 | +€338 | +67.7% |
| Gross operating margin | 9900 | €60,256 | €68,702 | +€8,446 | +14.0% |
| Operating profit (loss) | 9901 | €43,722 | €48,426 | +€4,704 | +10.8% |
| Financial income | 75/76B | - | €672 | +€672 | |
| Recurring financial income | 75 | - | €672 | +€672 | |
| Financial charges | 65/66B | €4,832 | €4,651 | -€181 | -3.8% |
| Recurring financial charges | 65 | €4,832 | €4,651 | -€181 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €38,889 | €44,447 | +€5,558 | +14.3% |
| Income taxes | 67/77 | €11,159 | €13,007 | +€1,848 | +16.6% |
| Profit (loss) for the period | 9904 | €27,731 | €31,440 | +€3,709 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,731 | €31,440 | +€3,709 | +13.4% |
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 23 October 2026 via checked.be.