Inqa: 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.
Inqa
Largest movements
- Receivables within one year +€77,175
up €77,175 (+131%), from €58,707 to €135,882
of which Other amounts receivable: +€67,688
- Cash +€26,547
up €26,547 (+290%), from €9,167 to €35,714
mainly Net result for the year (+€64,785) and Current portion of long-term debt (+€50,000)
- Tangible fixed assets -€7,349
down €7,349 (-12.8%), from €57,405 to €50,057
- Intangible fixed assets -€6,417
down €6,417 (-100%), from €6,417 to €0
- Reserves +€64,785
up €64,785 (+210%), from €30,820 to €95,604
- Debts after one year -€50,000
down €50,000 (-100%), from €50,000 to €0
- Current portion of long-term debt +€50,000
new in 2025: €50,000
- Tax, wage and social debts +€20,495
up €20,495 (+114%), from €18,013 to €38,508
- Trade debts +€4,831
up €4,831 (+42.5%), from €11,374 to €16,205
- Gross operating margin +€38,334
up €38,334 (+65.1%), from €58,896 to €97,231
- Taxes +€8,870
up €8,870 (+82.1%), from €10,798 to €19,669
- Depreciation -€3,201
down €3,201 (-18.9%), from €16,966 to €13,765
- Financial income +€2,566
up €2,566 (+208%), from €1,236 to €3,802
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 | €131,695 | €221,918 | +€90,223 | +68.5% |
| Fixed assets | 21/28 | €63,822 | €50,057 | -€13,765 | -21.6% |
| Intangible fixed assets | 21 | €6,417 | €0 | -€6,417 | -100% |
| Tangible fixed assets | 22/27 | €57,405 | €50,057 | -€7,349 | -12.8% |
| Plant, machinery and equipment | 23 | €11,745 | €10,547 | -€1,198 | -10.2% |
| Furniture and vehicles | 24 | €5,750 | €2,656 | -€3,093 | -53.8% |
| Other tangible fixed assets | 26 | €39,910 | €36,854 | -€3,057 | -7.7% |
| Current assets | 29/58 | €67,873 | €171,861 | +€103,988 | +153% |
| Amounts receivable within one year | 40/41 | €58,707 | €135,882 | +€77,175 | +131% |
| Trade receivables | 40 | €19,344 | €28,830 | +€9,487 | +49.0% |
| Other amounts receivable | 41 | €39,363 | €107,051 | +€67,688 | +172% |
| Cash at bank and in hand | 54/58 | €9,167 | €35,714 | +€26,547 | +290% |
| Deferred charges and accrued income | 490/1 | - | €266 | +€266 | |
| Total equity and liabilities | 10/49 | €131,695 | €221,918 | +€90,223 | +68.5% |
| Equity | 10/15 | €49,420 | €114,204 | +€64,785 | +131% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,820 | €95,604 | +€64,785 | +210% |
| Distributable reserves | 133 | €30,820 | €95,604 | +€64,785 | +210% |
| Amounts payable | 17/49 | €82,275 | €107,714 | +€25,438 | +30.9% |
| Amounts payable after more than one year | 17 | €50,000 | €0 | -€50,000 | -100% |
| Financial debts | 170/4 | €50,000 | €0 | -€50,000 | -100% |
| Amounts payable within one year | 42/48 | €31,487 | €107,163 | +€75,676 | +240% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €11,374 | €16,205 | +€4,831 | +42.5% |
| Suppliers | 440/4 | €11,374 | €16,205 | +€4,831 | +42.5% |
| Taxes, remuneration and social security | 45 | €18,013 | €38,508 | +€20,495 | +114% |
| Taxes | 450/3 | €18,013 | €38,508 | +€20,495 | +114% |
| Other amounts payable | 47/48 | €2,100 | €2,450 | +€350 | +16.7% |
| Accrued charges and deferred income | 492/3 | €789 | €551 | -€238 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,966 | €13,765 | -€3,201 | -18.9% |
| Other operating charges | 640/8 | €1,773 | €2,036 | +€264 | +14.9% |
| Gross operating margin | 9900 | €58,896 | €97,231 | +€38,334 | +65.1% |
| Operating profit (loss) | 9901 | €40,157 | €81,429 | +€41,272 | +103% |
| Financial income | 75/76B | €1,236 | €3,802 | +€2,566 | +208% |
| Recurring financial income | 75 | €1,236 | €3,802 | +€2,566 | +208% |
| Financial charges | 65/66B | €708 | €778 | +€70 | +9.8% |
| Recurring financial charges | 65 | €708 | €778 | +€70 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €40,685 | €84,453 | +€43,768 | +108% |
| Income taxes | 67/77 | €10,798 | €19,669 | +€8,870 | +82.1% |
| Profit (loss) for the period | 9904 | €29,887 | €64,785 | +€34,898 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €29,887 | €64,785 | +€34,898 | +117% |
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 1 November 2026 via checked.be.