I.N.C. CONSTRUCTION: what changed
I.N.C. CONSTRUCTION
Largest movements
- Receivables within one year +€19,713
up €19,713 (+37.2%), from €52,991 to €72,703
of which Other amounts receivable: +€17,886
- Cash -€3,884
down €3,884 (-97.9%), from €3,966 to €82
mainly Receivables within one year (-€19,713)
- Tangible fixed assets -€944
down €944 (-77.4%), from €1,219 to €275
of which Plant, machinery and equipment: -€512
- Tax, wage and social debts +€8,277
up €8,277 (+465%), from €1,778 to €10,056
of which Remuneration and social security: +€8,150
- Profit (loss) carried forward +€6,119
up €6,119 (+19.0%), from €32,204 to €38,323
- Gross operating margin -€789
down €789 (-11.1%), from €7,122 to €6,333
- Financial income +€659
up €659 (+30.4%), from €2,165 to €2,824
- Taxes +€139
up €139 (+7.8%), from €1,778 to €1,918
- Depreciation -€94
down €94 (-9.1%), from €1,038 to €944
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,175 | €73,061 | +€14,885 | +25.6% |
| Fixed assets | 21/28 | €1,219 | €275 | -€944 | -77.4% |
| Tangible fixed assets | 22/27 | €1,219 | €275 | -€944 | -77.4% |
| Plant, machinery and equipment | 23 | €787 | €275 | -€512 | -65.0% |
| Furniture and vehicles | 24 | €432 | - | -€432 | |
| Current assets | 29/58 | €56,956 | €72,785 | +€15,829 | +27.8% |
| Amounts receivable within one year | 40/41 | €52,991 | €72,703 | +€19,713 | +37.2% |
| Trade receivables | 40 | €10,818 | €12,644 | +€1,826 | +16.9% |
| Other amounts receivable | 41 | €42,173 | €60,059 | +€17,886 | +42.4% |
| Cash at bank and in hand | 54/58 | €3,966 | €82 | -€3,884 | -97.9% |
| Total equity and liabilities | 10/49 | €58,175 | €73,061 | +€14,885 | +25.6% |
| Equity | 10/15 | €35,204 | €41,323 | +€6,119 | +17.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €3,000 | +€3,000 | |
| Other | 1109/19 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €32,204 | €38,323 | +€6,119 | +19.0% |
| Amounts payable | 17/49 | €22,971 | €31,738 | +€8,767 | +38.2% |
| Amounts payable within one year | 42/48 | €22,971 | €31,738 | +€8,767 | +38.2% |
| Trade debts | 44 | €21,192 | €21,682 | +€489 | +2.3% |
| Suppliers | 440/4 | €21,192 | €21,682 | +€489 | +2.3% |
| Taxes, remuneration and social security | 45 | €1,778 | €10,056 | +€8,277 | +465% |
| Taxes | 450/3 | €1,778 | €1,906 | +€127 | +7.2% |
| Remuneration and social security | 454/9 | - | €8,150 | +€8,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,038 | €944 | -€94 | -9.1% |
| Gross operating margin | 9900 | €7,122 | €6,333 | -€789 | -11.1% |
| Operating profit (loss) | 9901 | €6,084 | €5,389 | -€695 | -11.4% |
| Financial income | 75/76B | €2,165 | €2,824 | +€659 | +30.4% |
| Recurring financial income | 75 | €2,165 | €2,824 | +€659 | +30.4% |
| Financial charges | 65/66B | €190 | €177 | -€12 | -6.5% |
| Recurring financial charges | 65 | €190 | €177 | -€12 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €8,060 | €8,036 | -€24 | -0.3% |
| Income taxes | 67/77 | €1,778 | €1,918 | +€139 | +7.8% |
| Profit (loss) for the period | 9904 | €6,282 | €6,119 | -€163 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,282 | €6,119 | -€163 | -2.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.