bvba INBUCON: 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.
bvba INBUCON
Largest movements
- Cash +€35,639
up €35,639 (+30.0%), from €118,962 to €154,601
mainly Advances received (+€142,072) and Net result for the year (+€40,814)
- Tangible fixed assets -€17,900
down €17,900 (-4.1%), from €433,493 to €415,593
of which Land and buildings: -€10,111
- Intangible fixed assets +€8,435
up €8,435 (+398%), from €2,120 to €10,555
- Advances received +€142,072
up €142,072 (+34,234%), from €415 to €142,487
- Reserves -€87,193
down €87,193 (-25.4%), from €343,825 to €256,633
of which Distributable reserves: -€87,193
- Other debts -€45,317
down €45,317 (-41.2%), from €110,117 to €64,800
- Current portion of long-term debt +€25,749
up €25,749 (+115%), from €22,329 to €48,079
- Debts after one year -€18,518
down €18,518 (-11.2%), from €165,351 to €146,833
- Gross operating margin +€18,282
up €18,282 (+20.0%), from €91,318 to €109,600
- Taxes +€6,143
up €6,143 (+46.6%), from €13,179 to €19,323
- Depreciation +€1,844
up €1,844 (+4.7%), from €38,860 to €40,704
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €659,829 | €684,337 | +€24,509 | +3.7% |
| Fixed assets | 21/28 | €521,213 | €510,548 | -€10,665 | -2.0% |
| Intangible fixed assets | 21 | €2,120 | €10,555 | +€8,435 | +398% |
| Tangible fixed assets | 22/27 | €433,493 | €415,593 | -€17,900 | -4.1% |
| Land and buildings | 22 | €131,445 | €121,334 | -€10,111 | -7.7% |
| Plant, machinery and equipment | 23 | €9,888 | €10,570 | +€682 | +6.9% |
| Furniture and vehicles | 24 | €11,960 | €11,758 | -€202 | -1.7% |
| Other tangible fixed assets | 26 | €280,200 | €271,931 | -€8,269 | -3.0% |
| Financial fixed assets | 28 | €85,601 | €84,401 | -€1,200 | -1.4% |
| Current assets | 29/58 | €138,615 | €173,789 | +€35,174 | +25.4% |
| Amounts receivable within one year | 40/41 | €19,653 | €19,188 | -€465 | -2.4% |
| Trade receivables | 40 | €16,833 | €19,188 | +€2,356 | +14.0% |
| Other amounts receivable | 41 | €2,821 | - | -€2,821 | |
| Cash at bank and in hand | 54/58 | €118,962 | €154,601 | +€35,639 | +30.0% |
| Total equity and liabilities | 10/49 | €659,829 | €684,337 | +€24,509 | +3.7% |
| Equity | 10/15 | €356,225 | €269,033 | -€87,193 | -24.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €343,825 | €256,633 | -€87,193 | -25.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €341,965 | €254,773 | -€87,193 | -25.5% |
| Amounts payable | 17/49 | €303,603 | €415,305 | +€111,701 | +36.8% |
| Amounts payable after more than one year | 17 | €165,351 | €146,833 | -€18,518 | -11.2% |
| Financial debts | 170/4 | €165,351 | €146,833 | -€18,518 | -11.2% |
| Amounts payable within one year | 42/48 | €138,252 | €268,472 | +€130,220 | +94.2% |
| Current portion of amounts payable after more than one year | 42 | €22,329 | €48,079 | +€25,749 | +115% |
| Trade debts | 44 | €1,036 | €246 | -€790 | -76.3% |
| Suppliers | 440/4 | €1,036 | €246 | -€790 | -76.3% |
| Advances received on contracts in progress | 46 | €415 | €142,487 | +€142,072 | +34,234% |
| Taxes, remuneration and social security | 45 | €4,355 | €12,860 | +€8,506 | +195% |
| Taxes | 450/3 | €4,355 | €12,860 | +€8,506 | +195% |
| Other amounts payable | 47/48 | €110,117 | €64,800 | -€45,317 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,860 | €40,704 | +€1,844 | +4.7% |
| Other operating charges | 640/8 | €3,789 | €3,491 | -€298 | -7.9% |
| Non-recurring operating charges | 66A | €2,440 | - | -€2,440 | |
| Gross operating margin | 9900 | €91,318 | €109,600 | +€18,282 | +20.0% |
| Operating profit (loss) | 9901 | €46,230 | €65,405 | +€19,175 | +41.5% |
| Financial income | 75/76B | €228 | €250 | +€23 | +9.9% |
| Recurring financial income | 75 | €228 | €250 | +€23 | +9.9% |
| Financial charges | 65/66B | €5,474 | €5,519 | +€45 | +0.8% |
| Recurring financial charges | 65 | €5,474 | €5,519 | +€45 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €40,984 | €60,136 | +€19,153 | +46.7% |
| Income taxes | 67/77 | €13,179 | €19,323 | +€6,143 | +46.6% |
| Profit (loss) for the period | 9904 | €27,804 | €40,814 | +€13,009 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,804 | €40,814 | +€13,009 | +46.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.