INWOMA: 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.
INWOMA
Largest movements
- Tangible fixed assets -€43,859
down €43,859 (-3.3%), from €1.3m to €1.3m
of which Land and buildings: -€25,832
- Receivables within one year +€30,750
new in 2025: €30,750
- Cash +€30,038
up €30,038 (+69.1%), from €43,477 to €73,516
mainly Net result for the year (+€219,758) and Depreciation (+€86,986)
- Profit (loss) carried forward +€147,900
no longer reported in 2025 (was -€147,900)
- Debts after one year -€131,542
down €131,542 (-10.3%), from €1.3m to €1.1m
- Reserves -€31,374
down €31,374 (-5.2%), from €598,043 to €566,669
of which Distributable reserves: -€31,374
- Other debts +€24,714
up €24,714 (+461.7%), from €5,353 to €30,067
- Gross operating margin +€402,257
up €402,257 (+16038.7%), from €2,508 to €404,765
- Taxes +€36,219
up €36,219 (+90548550.0%), from €0 to €36,219
- Depreciation -€13,990
down €13,990 (-13.9%), from €100,977 to €86,986
- Other operating charges +€7,547
up €7,547 (+57.6%), from €13,098 to €20,645
- Financial charges +€4,813
up €4,813 (+13.2%), from €36,343 to €41,156
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,897,278 | €1,914,277 | +€16,999 | +0.9% |
| Fixed assets | 21/28 | €1,343,512 | €1,299,653 | -€43,859 | -3.3% |
| Tangible fixed assets | 22/27 | €1,343,512 | €1,299,653 | -€43,859 | -3.3% |
| Land and buildings | 22 | €1,012,123 | €986,291 | -€25,832 | -2.6% |
| Plant, machinery and equipment | 23 | €17,768 | €13,259 | -€4,509 | -25.4% |
| Furniture and vehicles | 24 | €36,565 | €46,422 | +€9,857 | +27.0% |
| Leasing and similar rights | 25 | €185,640 | €167,076 | -€18,564 | -10.0% |
| Other tangible fixed assets | 26 | €91,415 | €86,605 | -€4,811 | -5.3% |
| Current assets | 29/58 | €553,766 | €614,624 | +€60,858 | +11.0% |
| Amounts receivable after more than one year | 29 | €505,698 | €505,698 | = | 0.0% |
| Other amounts receivable | 291 | €505,698 | €505,698 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €30,750 | +€30,750 | |
| Other amounts receivable | 41 | - | €30,750 | +€30,750 | |
| Cash at bank and in hand | 54/58 | €43,477 | €73,516 | +€30,038 | +69.1% |
| Deferred charges and accrued income | 490/1 | €4,591 | €4,661 | +€70 | +1.5% |
| Total equity and liabilities | 10/49 | €1,897,278 | €1,914,277 | +€16,999 | +0.9% |
| Equity | 10/15 | €462,543 | €579,069 | +€116,526 | +25.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €598,043 | €566,669 | -€31,374 | -5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €596,183 | €564,809 | -€31,374 | -5.3% |
| Profit (loss) carried forward | 14 | -€147,900 | - | +€147,900 | |
| Amounts payable | 17/49 | €1,434,735 | €1,335,208 | -€99,527 | -6.9% |
| Amounts payable after more than one year | 17 | €1,279,714 | €1,148,172 | -€131,542 | -10.3% |
| Financial debts | 170/4 | €1,279,714 | €1,148,172 | -€131,542 | -10.3% |
| Amounts payable within one year | 42/48 | €155,021 | €187,036 | +€32,015 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €138,871 | €131,542 | -€7,329 | -5.3% |
| Trade debts | 44 | €10,796 | €9,601 | -€1,195 | -11.1% |
| Suppliers | 440/4 | €10,796 | €9,601 | -€1,195 | -11.1% |
| Taxes, remuneration and social security | 45 | - | €15,825 | +€15,825 | |
| Taxes | 450/3 | - | €15,825 | +€15,825 | |
| Other amounts payable | 47/48 | €5,353 | €30,067 | +€24,714 | +461.7% |
| Non-recurring operating income | 76A | - | €22,097 | +€22,097 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,977 | €86,986 | -€13,990 | -13.9% |
| Other operating charges | 640/8 | €13,098 | €20,645 | +€7,547 | +57.6% |
| Gross operating margin | 9900 | €2,508 | €404,765 | +€402,257 | +16038.7% |
| Operating profit (loss) | 9901 | -€111,567 | €297,133 | +€408,700 | |
| Financial income | 75/76B | €10 | €0 | -€9 | -96.8% |
| Recurring financial income | 75 | €10 | €0 | -€9 | -96.8% |
| Financial charges | 65/66B | €36,343 | €41,156 | +€4,813 | +13.2% |
| Recurring financial charges | 65 | €36,343 | €41,156 | +€4,813 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€147,900 | €255,977 | +€403,877 | |
| Income taxes | 67/77 | €0 | €36,219 | +€36,219 | +90548550.0% |
| Profit (loss) for the period | 9904 | -€147,900 | €219,758 | +€367,658 | |
| Profit (loss) for the period to be appropriated | 9905 | -€147,900 | €219,758 | +€367,658 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.