Inula: what changed
Two fiscal 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.
What changed
Inula
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€540,948
2024 · €483,181+€57,767
Equity
€2.9m
2024 · €2.3m+€540,948
Cash
€310,515
2024 · €39,191+€271,324
Balance sheet total
€4.5m
2024 · €4.3m+€126,789
Largest movements
Assets
- Cash +€271,324
up €271,324 (+692.3%), from €39,191 to €310,515
mainly Net result for the year (+€540,948) and Depreciation (+€214,228)
- Tangible fixed assets -€176,480
down €176,480 (-4.4%), from €4.0m to €3.8m
of which Land and buildings: -€147,841
Equity and liabilities
- Profit (loss) carried forward +€548,504
up €548,504 (+44.2%), from €1.2m to €1.8m
- Debts after one year -€324,127
down €324,127 (-20.6%), from €1.6m to €1.3m
Income statement
- Turnover -€988,976
no longer reported in 2025 (was €988,976)
- Gross operating margin +€70,376
up €70,376 (+7.5%), from €937,891 to €1.0m
- Purchases and services -€55,765
no longer reported in 2025 (was €55,765)
- Taxes +€19,255
up €19,255 (+12.2%), from €158,007 to €177,262
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.
Result 2024
€483,181
Gross operating margin
+€70,376
Depreciation
-€541
Other operating charges
-€2,005
Financial income
+€5,324
Financial charges
+€3,867
Taxes
-€19,255
Deferred taxes and other
+€1
Result 2025
€540,948
Cash bridge derived
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.
From operations
+€654,549
Investment
-€62,748
Financing
-€320,477
Cash 2024
€39,191
From operations (derived)
+€654,549
Net result for the year
+€540,948
Depreciation
+€214,228
Receivables within one year
-€10,125
Deferred charges and accrued income
+€3,180
Provisions
-€14,349
Trade debts
-€43,766
Tax, wage and social debts
-€32,585
Other debts
+€518
Accrued charges and deferred income
-€3,500
Investment (derived)
-€62,748
Investment in fixed assets (net)
-€37,748
Current investments
-€25,000
Financing
-€320,477
Debts after one year
-€324,127
Current portion of long-term debt
+€3,650
Cash 2025
€310,515
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,332,142 | €4,458,931 | +€126,789 | +2.9% |
| Fixed assets | 21/28 | €3,993,874 | €3,817,394 | -€176,480 | -4.4% |
| Tangible fixed assets | 22/27 | €3,993,874 | €3,817,394 | -€176,480 | -4.4% |
| Land and buildings | 22 | €3,918,041 | €3,770,200 | -€147,841 | -3.8% |
| Plant, machinery and equipment | 23 | €5,920 | €4,256 | -€1,664 | -28.1% |
| Furniture and vehicles | 24 | €69,913 | €42,938 | -€26,975 | -38.6% |
| Current assets | 29/58 | €338,268 | €641,537 | +€303,269 | +89.7% |
| Amounts receivable within one year | 40/41 | €70,897 | €81,022 | +€10,125 | +14.3% |
| Trade receivables | 40 | €68,037 | €81,022 | +€12,985 | +19.1% |
| Other amounts receivable | 41 | €2,860 | - | -€2,860 | |
| Current investments | 50/53 | €225,000 | €250,000 | +€25,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €39,191 | €310,515 | +€271,324 | +692.3% |
| Deferred charges and accrued income | 490/1 | €3,180 | - | -€3,180 | |
| Total equity and liabilities | 10/49 | €4,332,142 | €4,458,931 | +€126,789 | +2.9% |
| Equity | 10/15 | €2,311,203 | €2,852,151 | +€540,948 | +23.4% |
| Contributions | 10/11 | €163,494 | €163,494 | = | 0.0% |
| Capital | 10 | €163,488 | €163,488 | = | 0.0% |
| Issued capital | 100 | €163,488 | €163,488 | = | 0.0% |
| Outside capital | 11 | €6 | €6 | = | 0.0% |
| Share premium | 1100/10 | €6 | €6 | = | 0.0% |
| Reserves | 13 | €907,753 | €900,197 | -€7,556 | -0.8% |
| Non-distributable reserves | 130/1 | €16,349 | €16,349 | = | 0.0% |
| Legal reserve | 130 | €16,349 | €16,349 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,404 | €12,848 | -€7,556 | -37.0% |
| Distributable reserves | 133 | €871,000 | €871,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,239,956 | €1,788,460 | +€548,504 | +44.2% |
| Provisions and deferred taxes | 16 | €37,883 | €23,534 | -€14,349 | -37.9% |
| Deferred taxes | 168 | €37,883 | €23,534 | -€14,349 | -37.9% |
| Amounts payable | 17/49 | €1,983,056 | €1,583,246 | -€399,810 | -20.2% |
| Amounts payable after more than one year | 17 | €1,576,770 | €1,252,643 | -€324,127 | -20.6% |
| Financial debts | 170/4 | €1,576,770 | €1,252,643 | -€324,127 | -20.6% |
| Amounts payable within one year | 42/48 | €402,786 | €330,603 | -€72,183 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €320,477 | €324,127 | +€3,650 | +1.1% |
| Trade debts | 44 | €43,905 | €139 | -€43,766 | -99.7% |
| Suppliers | 440/4 | €43,905 | €139 | -€43,766 | -99.7% |
| Taxes, remuneration and social security | 45 | €38,404 | €5,819 | -€32,585 | -84.8% |
| Taxes | 450/3 | €38,404 | €5,819 | -€32,585 | -84.8% |
| Other amounts payable | 47/48 | - | €518 | +€518 | |
| Accrued charges and deferred income | 492/3 | €3,500 | - | -€3,500 | |
| Turnover | 70 | €988,976 | - | -€988,976 | |
| Goods, raw materials, services and sundry goods | 60/61 | €55,765 | - | -€55,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213,687 | €214,228 | +€541 | +0.3% |
| Other operating charges | 640/8 | €68,304 | €70,309 | +€2,005 | +2.9% |
| Gross operating margin | 9900 | €937,891 | €1,008,267 | +€70,376 | +7.5% |
| Operating profit (loss) | 9901 | €655,900 | €723,730 | +€67,830 | +10.3% |
| Financial income | 75/76B | - | €5,324 | +€5,324 | |
| Recurring financial income | 75 | - | €5,324 | +€5,324 | |
| Financial charges | 65/66B | €29,061 | €25,194 | -€3,867 | -13.3% |
| Recurring financial charges | 65 | €29,061 | €25,194 | -€3,867 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €626,839 | €703,860 | +€77,021 | +12.3% |
| Transfer from deferred taxes | 780 | €14,349 | €14,350 | +€1 | 0.0% |
| Income taxes | 67/77 | €158,007 | €177,262 | +€19,255 | +12.2% |
| Profit (loss) for the period | 9904 | €483,181 | €540,948 | +€57,767 | +12.0% |
| Transfer from tax-exempt reserves | 789 | €7,556 | €7,556 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €490,737 | €548,504 | +€57,767 | +11.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.