I.N.C.: 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.
I.N.C.
Largest movements
- Cash +€341
up €341 (+6.4%), from €5,328 to €5,669
mainly Net result for the year (+€4,565) and Trade debts (+€2,552)
- Tangible fixed assets -€207
down €207 (-57.5%), from €360 to €153
- Receivables within one year +€114
new in 2025: €114
- Profit (loss) carried forward +€4,565
up €4,565 (+7.0%), from -€65,384 to -€60,819
- Other debts -€4,328
down €4,328 (-9.5%), from €45,615 to €41,287
- Trade debts +€2,552
up €2,552 (+76.5%), from €3,335 to €5,887
- Tax, wage and social debts -€2,361
down €2,361 (-54.8%), from €4,312 to €1,951
of which Taxes: -€2,289
- Accrued charges and deferred income -€109
no longer reported in 2025 (was €109)
- Gross operating margin -€28,329
down €28,329 (-79.7%), from €35,545 to €7,216
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 | €9,373 | €9,692 | +€319 | +3.4% |
| Fixed assets | 21/28 | €3,531 | €3,337 | -€194 | -5.5% |
| Tangible fixed assets | 22/27 | €360 | €153 | -€207 | -57.5% |
| Other tangible fixed assets | 26 | €360 | €153 | -€207 | -57.5% |
| Financial fixed assets | 28 | €3,171 | €3,184 | +€13 | +0.4% |
| Current assets | 29/58 | €5,842 | €6,355 | +€513 | +8.8% |
| Amounts receivable within one year | 40/41 | - | €114 | +€114 | |
| Other amounts receivable | 41 | - | €114 | +€114 | |
| Cash at bank and in hand | 54/58 | €5,328 | €5,669 | +€341 | +6.4% |
| Deferred charges and accrued income | 490/1 | €514 | €572 | +€58 | +11.3% |
| Total equity and liabilities | 10/49 | €9,373 | €9,692 | +€319 | +3.4% |
| Equity | 10/15 | -€43,998 | -€39,433 | +€4,565 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,786 | €2,786 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €926 | €926 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,384 | -€60,819 | +€4,565 | +7.0% |
| Amounts payable | 17/49 | €53,371 | €49,125 | -€4,246 | -8.0% |
| Amounts payable within one year | 42/48 | €53,262 | €49,125 | -€4,137 | -7.8% |
| Trade debts | 44 | €3,335 | €5,887 | +€2,552 | +76.5% |
| Suppliers | 440/4 | €3,335 | €5,887 | +€2,552 | +76.5% |
| Taxes, remuneration and social security | 45 | €4,312 | €1,951 | -€2,361 | -54.8% |
| Taxes | 450/3 | €4,210 | €1,921 | -€2,289 | -54.4% |
| Remuneration and social security | 454/9 | €102 | €30 | -€72 | -70.6% |
| Other amounts payable | 47/48 | €45,615 | €41,287 | -€4,328 | -9.5% |
| Accrued charges and deferred income | 492/3 | €109 | - | -€109 | |
| Remuneration, social security and pensions | 62 | €730 | €926 | +€196 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206 | €207 | +€1 | +0.5% |
| Other operating charges | 640/8 | €1,154 | €1,264 | +€110 | +9.5% |
| Gross operating margin | 9900 | €35,545 | €7,216 | -€28,329 | -79.7% |
| Operating profit (loss) | 9901 | €33,455 | €4,819 | -€28,636 | -85.6% |
| Financial income | 75/76B | €31 | €19 | -€12 | -38.7% |
| Recurring financial income | 75 | €31 | €19 | -€12 | -38.7% |
| Financial charges | 65/66B | €415 | €267 | -€148 | -35.7% |
| Recurring financial charges | 65 | €415 | €267 | -€148 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €33,071 | €4,571 | -€28,500 | -86.2% |
| Income taxes | 67/77 | €9 | €6 | -€3 | -33.3% |
| Profit (loss) for the period | 9904 | €33,062 | €4,565 | -€28,497 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,062 | €4,565 | -€28,497 | -86.2% |
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 17 October 2026 via checked.be.