INZAT: 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.
INZAT
Largest movements
- Cash +€39,449
up €39,449 (+19.7%), from €200,619 to €240,067
mainly Net result for the year (+€58,392) and Receivables within one year (+€25,830)
- Receivables within one year -€25,830
down €25,830 (-37.0%), from €69,895 to €44,065
of which Trade receivables: -€15,475
- Tangible fixed assets -€14,732
down €14,732 (-22.3%), from €66,094 to €51,362
of which Leasing and similar rights: -€14,081
- Reserves +€53,084
up €53,084 (+38.6%), from €137,369 to €190,453
of which Distributable reserves: +€53,084
- Tax, wage and social debts -€33,892
down €33,892 (-62.2%), from €54,447 to €20,555
of which Taxes: -€24,336
- Debts after one year -€18,172
down €18,172 (-62.4%), from €29,108 to €10,936
- Trade debts -€4,956
down €4,956 (-61.1%), from €8,116 to €3,161
- Turnover +€235,518
new in 2025: €235,518
- Purchases and services +€136,787
new in 2025: €136,787
- Gross operating margin -€20,081
down €20,081 (-16.9%), from €118,902 to €98,822
- Staff costs -€9,691
down €9,691 (-92.0%), from €10,536 to €844
- Depreciation +€8,468
up €8,468 (+135%), from €6,264 to €14,732
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 | €336,633 | €335,520 | -€1,113 | -0.3% |
| Fixed assets | 21/28 | €66,119 | €51,387 | -€14,732 | -22.3% |
| Tangible fixed assets | 22/27 | €66,094 | €51,362 | -€14,732 | -22.3% |
| Furniture and vehicles | 24 | €1,554 | €904 | -€650 | -41.8% |
| Leasing and similar rights | 25 | €64,540 | €50,458 | -€14,081 | -21.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €270,514 | €284,132 | +€13,618 | +5.0% |
| Amounts receivable within one year | 40/41 | €69,895 | €44,065 | -€25,830 | -37.0% |
| Trade receivables | 40 | €55,651 | €40,175 | -€15,475 | -27.8% |
| Other amounts receivable | 41 | €14,244 | €3,889 | -€10,355 | -72.7% |
| Cash at bank and in hand | 54/58 | €200,619 | €240,067 | +€39,449 | +19.7% |
| Total equity and liabilities | 10/49 | €336,633 | €335,520 | -€1,113 | -0.3% |
| Equity | 10/15 | €222,330 | €275,413 | +€53,084 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,369 | €190,453 | +€53,084 | +38.6% |
| 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 | €135,509 | €188,593 | +€53,084 | +39.2% |
| Profit (loss) carried forward | 14 | €66,361 | €66,361 | = | 0.0% |
| Amounts payable | 17/49 | €114,303 | €60,106 | -€54,197 | -47.4% |
| Amounts payable after more than one year | 17 | €29,108 | €10,936 | -€18,172 | -62.4% |
| Financial debts | 170/4 | €29,108 | €10,936 | -€18,172 | -62.4% |
| Amounts payable within one year | 42/48 | €85,195 | €49,170 | -€36,025 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €17,468 | €18,172 | +€703 | +4.0% |
| Financial debts | 43 | €93 | €1,375 | +€1,281 | +1,370% |
| Credit institutions | 430/8 | €93 | €1,375 | +€1,281 | +1,370% |
| Trade debts | 44 | €8,116 | €3,161 | -€4,956 | -61.1% |
| Suppliers | 440/4 | €8,116 | €3,161 | -€4,956 | -61.1% |
| Taxes, remuneration and social security | 45 | €54,447 | €20,555 | -€33,892 | -62.2% |
| Taxes | 450/3 | €40,256 | €15,920 | -€24,336 | -60.5% |
| Remuneration and social security | 454/9 | €14,191 | €4,634 | -€9,556 | -67.3% |
| Other amounts payable | 47/48 | €5,070 | €5,909 | +€839 | +16.5% |
| Turnover | 70 | - | €235,518 | +€235,518 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €136,787 | +€136,787 | |
| Remuneration, social security and pensions | 62 | €10,536 | €844 | -€9,691 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,264 | €14,732 | +€8,468 | +135% |
| Other operating charges | 640/8 | €4,887 | €2,866 | -€2,020 | -41.3% |
| Gross operating margin | 9900 | €118,902 | €98,822 | -€20,081 | -16.9% |
| Operating profit (loss) | 9901 | €97,216 | €80,379 | -€16,837 | -17.3% |
| Financial income | 75/76B | €54 | €1,628 | +€1,574 | +2,914% |
| Recurring financial income | 75 | €54 | €3 | -€51 | -95.2% |
| Non-recurring financial income | 76B | €54 | €1,626 | +€1,572 | +2,909% |
| Financial charges | 65/66B | €1,225 | €1,866 | +€641 | +52.3% |
| Recurring financial charges | 65 | €1,154 | €1,866 | +€712 | +61.7% |
| Non-recurring financial charges | 66B | €71 | - | -€71 | |
| Profit (loss) for the period before taxes | 9903 | €96,045 | €80,142 | -€15,903 | -16.6% |
| Income taxes | 67/77 | €28,635 | €21,750 | -€6,885 | -24.0% |
| Profit (loss) for the period | 9904 | €67,410 | €58,392 | -€9,018 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,410 | €58,392 | -€9,018 | -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 20 October 2026 via checked.be.