INULA SERVICES: 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 SERVICES
NACE 81.100, Combined facilities support activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€36,745
2024 · -€52,461+€15,716
Equity
€1.6m
2024 · €1.7m-€52,717
Cash
€166,686
2024 · €221,977-€55,291
Balance sheet total
€4.8m
2024 · €4.6m+€194,245
Largest movements
Assets
- Receivables within one year +€710,650
up €710,650 (+204.8%), from €346,975 to €1.1m
of which Trade receivables: +€710,967
- Tangible fixed assets -€370,671
down €370,671 (-9.5%), from €3.9m to €3.5m
of which Land and buildings: -€288,674
- Intangible fixed assets -€90,525
down €90,525 (-98.8%), from €91,584 to €1,059
- Cash -€55,291
down €55,291 (-24.9%), from €221,977 to €166,686
mainly Receivables within one year (-€710,650) and Investment in fixed assets (net) (-€75,424)
Equity and liabilities
- Debts after one year +€209,051
up €209,051 (+7.6%), from €2.7m to €3.0m
Income statement
- Financial charges +€183,515
up €183,515 (+158.3%), from €115,899 to €299,414
- Other operating income +€112,220
up €112,220 (+10.8%), from €1.0m to €1.2m
- Depreciation +€104,913
up €104,913 (+24.3%), from €431,708 to €536,620
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
-€52,461
Depreciation
-€104,913
Other operating charges
-€3,853
Other operating items
+€269,179
Financial income
-€3,991
Financial charges
-€183,515
Taxes
+€42,809
Result 2025
-€36,745
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
-€175,898
Investment
-€75,424
Financing
+€196,031
Cash 2024
€221,977
From operations (derived)
-€175,898
Net result for the year
-€36,745
Depreciation
+€536,620
Receivables within one year
-€710,650
Deferred charges and accrued income
-€82
Trade debts
+€28,004
Tax, wage and social debts
+€11,363
Accrued charges and deferred income
-€4,408
Investment (derived)
-€75,424
Investment in fixed assets (net)
-€75,424
Financing
+€196,031
Debts after one year
+€209,051
Current portion of long-term debt
+€2,951
Contributions, distributions and other
-€15,972
Cash 2025
€166,686
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,574,927 | €4,769,172 | +€194,245 | +4.2% |
| Fixed assets | 21/28 | €4,001,601 | €3,540,404 | -€461,196 | -11.5% |
| Intangible fixed assets | 21 | €91,584 | €1,059 | -€90,525 | -98.8% |
| Tangible fixed assets | 22/27 | €3,910,016 | €3,539,346 | -€370,671 | -9.5% |
| Land and buildings | 22 | €3,591,391 | €3,302,717 | -€288,674 | -8.0% |
| Plant, machinery and equipment | 23 | €241,781 | €183,767 | -€58,015 | -24.0% |
| Furniture and vehicles | 24 | €76,844 | €52,862 | -€23,982 | -31.2% |
| Current assets | 29/58 | €573,327 | €1,228,768 | +€655,441 | +114.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €346,975 | €1,057,625 | +€710,650 | +204.8% |
| Trade receivables | 40 | €344,233 | €1,055,200 | +€710,967 | +206.5% |
| Other amounts receivable | 41 | €2,742 | €2,425 | -€316 | -11.5% |
| Cash at bank and in hand | 54/58 | €221,977 | €166,686 | -€55,291 | -24.9% |
| Deferred charges and accrued income | 490/1 | €4,374 | €4,457 | +€82 | +1.9% |
| Total equity and liabilities | 10/49 | €4,574,927 | €4,769,172 | +€194,245 | +4.2% |
| Equity | 10/15 | €1,659,921 | €1,607,204 | -€52,717 | -3.2% |
| Contributions | 10/11 | €116,208 | €116,208 | = | 0.0% |
| Capital | 10 | €116,208 | €116,208 | = | 0.0% |
| Issued capital | 100 | €116,208 | €116,208 | = | 0.0% |
| Reserves | 13 | €11,621 | €11,621 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,621 | €11,621 | = | 0.0% |
| Legal reserve | 130 | €11,621 | €11,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,413,845 | €1,377,100 | -€36,745 | -2.6% |
| Investment grants | 15 | €118,247 | €102,275 | -€15,972 | -13.5% |
| Amounts payable | 17/49 | €2,915,006 | €3,161,968 | +€246,962 | +8.5% |
| Amounts payable after more than one year | 17 | €2,741,568 | €2,950,619 | +€209,051 | +7.6% |
| Financial debts | 170/4 | €2,741,568 | €2,950,619 | +€209,051 | +7.6% |
| Credit institutions | 173 | €160,320 | €78,077 | -€82,244 | -51.3% |
| Other loans | 174 | €2,581,248 | €2,872,543 | +€291,295 | +11.3% |
| Amounts payable within one year | 42/48 | €169,030 | €211,349 | +€42,318 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €79,292 | €82,244 | +€2,951 | +3.7% |
| Trade debts | 44 | €35,566 | €63,571 | +€28,004 | +78.7% |
| Suppliers | 440/4 | €35,566 | €63,571 | +€28,004 | +78.7% |
| Taxes, remuneration and social security | 45 | €54,172 | €65,534 | +€11,363 | +21.0% |
| Taxes | 450/3 | €54,172 | €65,534 | +€11,363 | +21.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,408 | €0 | -€4,408 | -100.0% |
| Operating income | 70/76A | €1,042,980 | €1,155,200 | +€112,220 | +10.8% |
| Other operating income | 74 | €1,042,980 | €1,155,200 | +€112,220 | +10.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €945,332 | €897,140 | -€48,193 | -5.1% |
| Services and other goods | 61 | €204,069 | €246,935 | +€42,866 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €431,708 | €536,620 | +€104,913 | +24.3% |
| Other operating charges | 640/8 | €109,731 | €113,584 | +€3,853 | +3.5% |
| Non-recurring operating charges | 66A | €199,825 | €0 | -€199,825 | -100.0% |
| Operating profit (loss) | 9901 | €97,648 | €258,060 | +€160,413 | +164.3% |
| Financial income | 75/76B | €19,963 | €15,972 | -€3,991 | -20.0% |
| Recurring financial income | 75 | €19,963 | €15,972 | -€3,991 | -20.0% |
| Other financial income | 752/9 | €19,963 | €15,972 | -€3,991 | -20.0% |
| Financial charges | 65/66B | €115,899 | €299,414 | +€183,515 | +158.3% |
| Recurring financial charges | 65 | €115,899 | €299,414 | +€183,515 | +158.3% |
| Debt charges | 650 | €114,990 | €298,808 | +€183,818 | +159.9% |
| Other financial charges | 652/9 | €909 | €606 | -€303 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €1,711 | -€25,382 | -€27,093 | |
| Income taxes | 67/77 | €54,172 | €11,363 | -€42,809 | -79.0% |
| Taxes | 670/3 | €54,172 | €11,363 | -€42,809 | -79.0% |
| Profit (loss) for the period | 9904 | -€52,461 | -€36,745 | +€15,716 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,461 | -€36,745 | +€15,716 | +30.0% |
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 6 October 2026 via checked.be.