INEWA: 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.
INEWA
Largest movements
- Cash +€23,959
up €23,959 (+65.3%), from €36,664 to €60,624
mainly Receivables within one year (+€23,063) and Net result for the year (+€11,901)
- Receivables within one year -€23,063
down €23,063 (-100.0%), from €23,063 to €0
- Tangible fixed assets +€8,483
up €8,483 (+172.6%), from €4,914 to €13,397
of which Furniture and vehicles: +€8,987
- Current investments +€3,500
new in 2025: €3,500
- Reserves +€11,901
up €11,901 (+28.9%), from €41,163 to €53,065
- Other debts +€1,019
up €1,019 (+105.5%), from €966 to €1,984
- Gross operating margin -€23,806
down €23,806 (-50.8%), from €46,821 to €23,016
- Taxes -€4,567
down €4,567 (-48.1%), from €9,486 to €4,919
- Depreciation +€1,412
up €1,412 (+107.0%), from €1,319 to €2,731
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 | €64,642 | €77,521 | +€12,879 | +19.9% |
| Fixed assets | 21/28 | €4,914 | €13,397 | +€8,483 | +172.6% |
| Tangible fixed assets | 22/27 | €4,914 | €13,397 | +€8,483 | +172.6% |
| Plant, machinery and equipment | 23 | €1,954 | €1,450 | -€504 | -25.8% |
| Furniture and vehicles | 24 | €2,960 | €11,947 | +€8,987 | +303.6% |
| Current assets | 29/58 | €59,728 | €64,124 | +€4,396 | +7.4% |
| Amounts receivable within one year | 40/41 | €23,063 | €0 | -€23,063 | -100.0% |
| Trade receivables | 40 | €23,063 | €0 | -€23,063 | -100.0% |
| Current investments | 50/53 | - | €3,500 | +€3,500 | |
| Cash at bank and in hand | 54/58 | €36,664 | €60,624 | +€23,959 | +65.3% |
| Total equity and liabilities | 10/49 | €64,642 | €77,521 | +€12,879 | +19.9% |
| Equity | 10/15 | €43,663 | €55,565 | +€11,901 | +27.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €41,163 | €53,065 | +€11,901 | +28.9% |
| Distributable reserves | 133 | €41,163 | €53,065 | +€11,901 | +28.9% |
| Amounts payable | 17/49 | €20,979 | €21,956 | +€978 | +4.7% |
| Amounts payable within one year | 42/48 | €20,979 | €21,956 | +€978 | +4.7% |
| Trade debts | 44 | €642 | €309 | -€333 | -51.9% |
| Suppliers | 440/4 | €642 | €309 | -€333 | -51.9% |
| Taxes, remuneration and social security | 45 | €19,371 | €19,663 | +€292 | +1.5% |
| Taxes | 450/3 | €19,371 | €19,663 | +€292 | +1.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €966 | €1,984 | +€1,019 | +105.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,319 | €2,731 | +€1,412 | +107.0% |
| Other operating charges | 640/8 | €155 | €49 | -€106 | -68.6% |
| Gross operating margin | 9900 | €46,821 | €23,016 | -€23,806 | -50.8% |
| Operating profit (loss) | 9901 | €45,347 | €20,236 | -€25,111 | -55.4% |
| Financial income | 75/76B | €23 | €72 | +€49 | +209.9% |
| Recurring financial income | 75 | €23 | €72 | +€49 | +209.9% |
| Financial charges | 65/66B | €3,712 | €3,488 | -€225 | -6.0% |
| Recurring financial charges | 65 | €3,712 | €3,488 | -€225 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €41,658 | €16,821 | -€24,838 | -59.6% |
| Income taxes | 67/77 | €9,486 | €4,919 | -€4,567 | -48.1% |
| Profit (loss) for the period | 9904 | €32,172 | €11,901 | -€20,271 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,172 | €11,901 | -€20,271 | -63.0% |
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.