INELTEC: 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.
INELTEC
Largest movements
- Current investments -€2.7m
down €2.7m (-88.3%), from €3.0m to €350,000
- Cash +€1.6m
up €1.6m (+107%), from €1.5m to €3.0m
mainly Current investments (+€2.7m) and Net result for the year (+€123,299)
- Stocks and contracts +€542,629
new in 2024: €542,629
- Tax, wage and social debts -€615,518
down €615,518 (-98.7%), from €623,782 to €8,264
of which Taxes: -€615,548
- Financial income -€7.0m
down €7.0m (-98.2%), from €7.1m to €128,738
- Taxes -€601,342
down €601,342 (-91.6%), from €656,314 to €54,972
- Gross operating margin +€86,287
up €86,287 (+168%), from €51,463 to €137,750
- Depreciation +€22,810
up €22,810 (+63.5%), from €35,932 to €58,742
- Other operating charges +€16,595
up €16,595 (+1,506%), from €1,102 to €17,697
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,808,246 | €7,299,075 | -€509,172 | -6.5% |
| Fixed assets | 21/28 | €187,036 | €158,686 | -€28,350 | -15.2% |
| Tangible fixed assets | 22/27 | €175,636 | €147,286 | -€28,350 | -16.1% |
| Plant, machinery and equipment | 23 | - | €13,246 | +€13,246 | |
| Furniture and vehicles | 24 | €159,399 | €120,097 | -€39,303 | -24.7% |
| Other tangible fixed assets | 26 | €16,237 | €13,944 | -€2,293 | -14.1% |
| Financial fixed assets | 28 | €11,400 | €11,400 | = | 0.0% |
| Current assets | 29/58 | €7,621,210 | €7,140,388 | -€480,822 | -6.3% |
| Amounts receivable after more than one year | 29 | €2,732,295 | €2,732,295 | = | 0.0% |
| Other amounts receivable | 291 | €2,732,295 | €2,732,295 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €542,629 | +€542,629 | |
| Stocks | 30/36 | - | €542,629 | +€542,629 | |
| Amounts receivable within one year | 40/41 | €406,918 | €449,533 | +€42,615 | +10.5% |
| Trade receivables | 40 | €48,287 | €63,930 | +€15,643 | +32.4% |
| Other amounts receivable | 41 | €358,631 | €385,602 | +€26,972 | +7.5% |
| Current investments | 50/53 | €3,000,000 | €350,000 | -€2.7m | -88.3% |
| Cash at bank and in hand | 54/58 | €1,462,714 | €3,023,303 | +€1.6m | +107% |
| Deferred charges and accrued income | 490/1 | €19,283 | €42,629 | +€23,346 | +121% |
| Total equity and liabilities | 10/49 | €7,808,246 | €7,299,075 | -€509,172 | -6.5% |
| Equity | 10/15 | €7,176,809 | €7,211,516 | +€34,707 | +0.5% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €7,163,809 | €7,198,516 | +€34,707 | +0.5% |
| Tax-exempt reserves | 132 | €48 | €48 | = | 0.0% |
| Distributable reserves | 133 | €7,163,761 | €7,198,468 | +€34,707 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €631,438 | €87,558 | -€543,879 | -86.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €631,438 | €82,444 | -€548,993 | -86.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,656 | €7,332 | -€323 | -4.2% |
| Suppliers | 440/4 | €7,656 | €7,332 | -€323 | -4.2% |
| Taxes, remuneration and social security | 45 | €623,782 | €8,264 | -€615,518 | -98.7% |
| Taxes | 450/3 | €621,303 | €5,755 | -€615,548 | -99.1% |
| Remuneration and social security | 454/9 | €2,479 | €2,509 | +€30 | +1.2% |
| Other amounts payable | 47/48 | - | €66,848 | +€66,848 | |
| Accrued charges and deferred income | 492/3 | €0 | €5,114 | +€5,114 | |
| Non-recurring operating income | 76A | - | €45,806 | +€45,806 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,932 | €58,742 | +€22,810 | +63.5% |
| Other operating charges | 640/8 | €1,102 | €17,697 | +€16,595 | +1,506% |
| Gross operating margin | 9900 | €51,463 | €137,750 | +€86,287 | +168% |
| Operating profit (loss) | 9901 | €14,429 | €61,311 | +€46,882 | +325% |
| Financial income | 75/76B | €7,141,909 | €128,738 | -€7.0m | -98.2% |
| Recurring financial income | 75 | €7,141,909 | €128,738 | -€7.0m | -98.2% |
| Financial charges | 65/66B | €3,887 | €11,778 | +€7,891 | +203% |
| Recurring financial charges | 65 | €3,887 | €11,778 | +€7,891 | +203% |
| Profit (loss) for the period before taxes | 9903 | €7,152,450 | €178,271 | -€7.0m | -97.5% |
| Income taxes | 67/77 | €656,314 | €54,972 | -€601,342 | -91.6% |
| Profit (loss) for the period | 9904 | €6,496,136 | €123,299 | -€6.4m | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,496,136 | €123,299 | -€6.4m | -98.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.