Advanced incubation platform: 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.
What changed
Advanced incubation platform
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€247,856
2024 · €154,406+€93,450
Equity
€4.8m
2024 · €4.5m+€247,856
Cash
€8,418
2024 · €2,615+€5,804
Balance sheet total
€7.4m
2024 · €7.6m-€154,530
Largest movements
Assets
- Receivables within one year -€112,041
down €112,041 (-28.2%), from €396,855 to €284,814
of which Trade receivables: -€101,140
Equity and liabilities
- Short-term financial debts +€500,000
up €500,000, from €0 to €500,000
- Other debts -€336,219
down €336,219 (-16.5%), from €2.0m to €1.7m
- Reserves +€247,856
up €247,856 (+21.1%), from €1.2m to €1.4m
of which Distributable reserves: +€247,856
- Trade debts -€242,211
down €242,211 (-57.4%), from €422,085 to €179,874
- Current portion of long-term debt -€138,432
down €138,432 (-51.8%), from €266,990 to €128,557
Income statement
- Financial charges -€64,146
down €64,146 (-87.3%), from €73,489 to €9,343
- Gross operating margin -€32,560
down €32,560 (-3.8%), from €867,263 to €834,703
- Staff costs +€20,120
up €20,120 (+4.0%), from €500,347 to €520,467
- Other operating charges -€11,679
down €11,679 (-50.3%), from €23,221 to €11,542
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.
Result 2024
€154,406
Gross operating margin
-€32,560
Staff costs
-€20,120
Depreciation
+€1,211
Other operating charges
+€11,679
Other operating items
+€65,867
Financial income
+€599
Financial charges
+€64,146
Taxes
+€2,629
Result 2025
€247,856
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€217,090
Investment
-€10,117
Financing
+€233,010
Cash 2024
€2,615
From operations (derived)
-€217,090
Net result for the year
+€247,856
Depreciation
+€44,632
Stocks and contracts
+€13,112
Receivables within one year
+€112,041
Deferred charges and accrued income
+€664
Trade debts
-€242,211
Tax, wage and social debts
-€48,210
Other debts
-€336,219
Accrued charges and deferred income
-€8,756
Investment (derived)
-€10,117
Investment in fixed assets (net)
-€10,117
Financing
+€233,010
Debts after one year
-€128,557
Current portion of long-term debt
-€138,432
Short-term financial debts
+€500,000
Cash 2025
€8,418
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,551,467 | €7,396,937 | -€154,530 | -2.0% |
| Fixed assets | 21/28 | €5,987,152 | €5,952,637 | -€34,516 | -0.6% |
| Intangible fixed assets | 21 | €58,015 | €55,854 | -€2,161 | -3.7% |
| Tangible fixed assets | 22/27 | €708,635 | €676,281 | -€32,354 | -4.6% |
| Land and buildings | 22 | €682,724 | €655,553 | -€27,171 | -4.0% |
| Plant, machinery and equipment | 23 | €10,748 | €14,022 | +€3,275 | +30.5% |
| Furniture and vehicles | 24 | €10,047 | €2,559 | -€7,489 | -74.5% |
| Other tangible fixed assets | 26 | €5,116 | €4,147 | -€969 | -18.9% |
| Financial fixed assets | 28 | €5,220,502 | €5,220,502 | = | 0.0% |
| Current assets | 29/58 | €1,564,315 | €1,444,301 | -€120,014 | -7.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,155,982 | €1,142,870 | -€13,112 | -1.1% |
| Stocks | 30/36 | €1,155,982 | €1,142,870 | -€13,112 | -1.1% |
| Amounts receivable within one year | 40/41 | €396,855 | €284,814 | -€112,041 | -28.2% |
| Trade receivables | 40 | €385,954 | €284,814 | -€101,140 | -26.2% |
| Other amounts receivable | 41 | €10,901 | €0 | -€10,901 | -100% |
| Cash at bank and in hand | 54/58 | €2,615 | €8,418 | +€5,804 | +222% |
| Deferred charges and accrued income | 490/1 | €8,863 | €8,198 | -€664 | -7.5% |
| Total equity and liabilities | 10/49 | €7,551,467 | €7,396,937 | -€154,530 | -2.0% |
| Equity | 10/15 | €4,542,277 | €4,790,133 | +€247,856 | +5.5% |
| Contributions | 10/11 | €3,365,000 | €3,365,000 | = | 0.0% |
| Capital | 10 | €3,365,000 | €3,365,000 | = | 0.0% |
| Issued capital | 100 | €3,365,000 | €3,365,000 | = | 0.0% |
| Reserves | 13 | €1,177,277 | €1,425,133 | +€247,856 | +21.1% |
| Non-distributable reserves | 130/1 | €336,500 | €336,500 | = | 0.0% |
| Legal reserve | 130 | €336,500 | €336,500 | = | 0.0% |
| Distributable reserves | 133 | €840,777 | €1,088,633 | +€247,856 | +29.5% |
| Amounts payable | 17/49 | €3,009,190 | €2,606,804 | -€402,386 | -13.4% |
| Amounts payable after more than one year | 17 | €128,557 | €0 | -€128,557 | -100% |
| Financial debts | 170/4 | €128,557 | €0 | -€128,557 | -100% |
| Amounts payable within one year | 42/48 | €2,871,877 | €2,606,804 | -€265,073 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €266,990 | €128,557 | -€138,432 | -51.8% |
| Financial debts | 43 | €0 | €500,000 | +€500,000 | |
| Credit institutions | 430/8 | €0 | €500,000 | +€500,000 | |
| Trade debts | 44 | €422,085 | €179,874 | -€242,211 | -57.4% |
| Suppliers | 440/4 | €422,085 | €179,874 | -€242,211 | -57.4% |
| Taxes, remuneration and social security | 45 | €150,687 | €102,477 | -€48,210 | -32.0% |
| Taxes | 450/3 | €71,992 | €13,203 | -€58,789 | -81.7% |
| Remuneration and social security | 454/9 | €78,695 | €89,274 | +€10,579 | +13.4% |
| Other amounts payable | 47/48 | €2,032,116 | €1,695,896 | -€336,219 | -16.5% |
| Accrued charges and deferred income | 492/3 | €8,756 | €0 | -€8,756 | -100% |
| Remuneration, social security and pensions | 62 | €500,347 | €520,467 | +€20,120 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,844 | €44,632 | -€1,211 | -2.6% |
| Other operating charges | 640/8 | €23,221 | €11,542 | -€11,679 | -50.3% |
| Non-recurring operating charges | 66A | €65,867 | €0 | -€65,867 | -100% |
| Gross operating margin | 9900 | €867,263 | €834,703 | -€32,560 | -3.8% |
| Operating profit (loss) | 9901 | €231,985 | €258,061 | +€26,076 | +11.2% |
| Financial income | 75/76B | €0 | €599 | +€599 | |
| Recurring financial income | 75 | €0 | €599 | +€599 | |
| Financial charges | 65/66B | €73,489 | €9,343 | -€64,146 | -87.3% |
| Recurring financial charges | 65 | €73,489 | €9,343 | -€64,146 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €158,496 | €249,316 | +€90,821 | +57.3% |
| Income taxes | 67/77 | €4,090 | €1,460 | -€2,629 | -64.3% |
| Profit (loss) for the period | 9904 | €154,406 | €247,856 | +€93,450 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €154,406 | €247,856 | +€93,450 | +60.5% |
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 24 October 2026 via checked.be.