L-INREDA: 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.
L-INREDA
Largest movements
- Cash +€48,619
up €48,619 (+256%), from €19,002 to €67,621
mainly Accrued charges and deferred income (+€28,873) and Depreciation (+€23,605)
- Accrued charges and deferred income +€28,873
new in 2025: €28,873
- Tax, wage and social debts +€11,824
up €11,824 (+52.1%), from €22,688 to €34,512
of which Taxes: +€7,245
- Debts after one year +€7,495
up €7,495 (+11.8%), from €63,656 to €71,151
- Other debts -€7,270
no longer reported in 2025 (was €7,270)
- Reserves +€5,905
up €5,905 (+7.3%), from €81,410 to €87,315
of which Distributable reserves: +€7,765
- Gross operating margin -€11,396
down €11,396 (-22.3%), from €51,029 to €39,634
- Taxes -€3,233
down €3,233 (-45.1%), from €7,176 to €3,943
- Depreciation -€1,057
down €1,057 (-4.3%), from €24,662 to €23,605
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 | €213,427 | €263,432 | +€50,005 | +23.4% |
| Fixed assets | 21/28 | €95,444 | €96,306 | +€862 | +0.9% |
| Tangible fixed assets | 22/27 | €92,419 | €93,281 | +€862 | +0.9% |
| Plant, machinery and equipment | 23 | €1,215 | €23,565 | +€22,349 | +1,839% |
| Furniture and vehicles | 24 | €31,821 | €19,239 | -€12,582 | -39.5% |
| Other tangible fixed assets | 26 | €59,383 | €50,477 | -€8,905 | -15.0% |
| Financial fixed assets | 28 | €3,025 | €3,025 | = | 0.0% |
| Current assets | 29/58 | €117,983 | €167,126 | +€49,143 | +41.7% |
| Stocks and contracts in progress | 3 | €74,911 | €72,676 | -€2,235 | -3.0% |
| Stocks | 30/36 | €74,911 | €72,676 | -€2,235 | -3.0% |
| Amounts receivable within one year | 40/41 | €24,070 | €25,121 | +€1,051 | +4.4% |
| Trade receivables | 40 | €24,070 | €22,963 | -€1,107 | -4.6% |
| Other amounts receivable | 41 | - | €2,158 | +€2,158 | |
| Cash at bank and in hand | 54/58 | €19,002 | €67,621 | +€48,619 | +256% |
| Deferred charges and accrued income | 490/1 | - | €1,709 | +€1,709 | |
| Total equity and liabilities | 10/49 | €213,427 | €263,432 | +€50,005 | +23.4% |
| Equity | 10/15 | €87,610 | €93,515 | +€5,905 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,410 | €87,315 | +€5,905 | +7.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €79,550 | €87,315 | +€7,765 | +9.8% |
| Amounts payable | 17/49 | €125,817 | €169,917 | +€44,100 | +35.1% |
| Amounts payable after more than one year | 17 | €63,656 | €71,151 | +€7,495 | +11.8% |
| Financial debts | 170/4 | €63,656 | €71,151 | +€7,495 | +11.8% |
| Amounts payable within one year | 42/48 | €62,161 | €69,894 | +€7,733 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €16,306 | €16,644 | +€338 | +2.1% |
| Trade debts | 44 | €11,325 | €12,259 | +€934 | +8.2% |
| Suppliers | 440/4 | €11,325 | €12,259 | +€934 | +8.2% |
| Advances received on contracts in progress | 46 | €4,572 | €6,479 | +€1,907 | +41.7% |
| Taxes, remuneration and social security | 45 | €22,688 | €34,512 | +€11,824 | +52.1% |
| Taxes | 450/3 | €22,688 | €29,933 | +€7,245 | +31.9% |
| Remuneration and social security | 454/9 | - | €4,579 | +€4,579 | |
| Other amounts payable | 47/48 | €7,270 | - | -€7,270 | |
| Accrued charges and deferred income | 492/3 | - | €28,873 | +€28,873 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,662 | €23,605 | -€1,057 | -4.3% |
| Other operating charges | 640/8 | €2,052 | €2,169 | +€117 | +5.7% |
| Gross operating margin | 9900 | €51,029 | €39,634 | -€11,396 | -22.3% |
| Operating profit (loss) | 9901 | €24,315 | €13,859 | -€10,456 | -43.0% |
| Financial income | 75/76B | €305 | €216 | -€89 | -29.1% |
| Recurring financial income | 75 | €305 | €216 | -€89 | -29.1% |
| Financial charges | 65/66B | €4,516 | €4,228 | -€288 | -6.4% |
| Recurring financial charges | 65 | €4,516 | €4,228 | -€288 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €20,104 | €9,848 | -€10,257 | -51.0% |
| Income taxes | 67/77 | €7,176 | €3,943 | -€3,233 | -45.1% |
| Profit (loss) for the period | 9904 | €12,928 | €5,905 | -€7,024 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,928 | €5,905 | -€7,024 | -54.3% |
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 21 October 2026 via checked.be.