Incandescent: what changed
Two fiscal 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.
Incandescent
Largest movements
- Cash +€11,259
up €11,259 (+15.1%), from €74,482 to €85,742
mainly Net result for the year (+€23,574) and Depreciation (+€759)
- Receivables within one year +€3,498
up €3,498 (+25.8%), from €13,583 to €17,080
of which Trade receivables: +€3,800
- Tangible fixed assets +€1,442
up €1,442 (+93.3%), from €1,545 to €2,986
- Reserves +€23,000
up €23,000 (+31.5%), from €73,000 to €96,000
- Tax, wage and social debts -€5,951
down €5,951 (-46.6%), from €12,764 to €6,814
- Trade debts -€1,425
down €1,425 (-52.6%), from €2,709 to €1,284
- Gross operating margin -€9,180
down €9,180 (-23.2%), from €39,632 to €30,452
- Taxes -€1,968
down €1,968 (-23.2%), from €8,498 to €6,530
- Depreciation +€418
up €418 (+122.5%), from €341 to €759
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.
Cash bridge derived
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 | €89,610 | €105,808 | +€16,198 | +18.1% |
| Fixed assets | 21/28 | €1,545 | €2,986 | +€1,442 | +93.3% |
| Tangible fixed assets | 22/27 | €1,545 | €2,986 | +€1,442 | +93.3% |
| Furniture and vehicles | 24 | €1,545 | €2,986 | +€1,442 | +93.3% |
| Current assets | 29/58 | €88,065 | €102,822 | +€14,757 | +16.8% |
| Amounts receivable within one year | 40/41 | €13,583 | €17,080 | +€3,498 | +25.8% |
| Trade receivables | 40 | €3,194 | €6,994 | +€3,800 | +119.0% |
| Other amounts receivable | 41 | €10,389 | €10,087 | -€302 | -2.9% |
| Cash at bank and in hand | 54/58 | €74,482 | €85,742 | +€11,259 | +15.1% |
| Total equity and liabilities | 10/49 | €89,610 | €105,808 | +€16,198 | +18.1% |
| Equity | 10/15 | €74,137 | €97,711 | +€23,574 | +31.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €73,000 | €96,000 | +€23,000 | +31.5% |
| Distributable reserves | 133 | €73,000 | €96,000 | +€23,000 | +31.5% |
| Profit (loss) carried forward | 14 | €137 | €711 | +€574 | +419.2% |
| Amounts payable | 17/49 | €15,473 | €8,098 | -€7,375 | -47.7% |
| Amounts payable within one year | 42/48 | €15,473 | €8,098 | -€7,375 | -47.7% |
| Trade debts | 44 | €2,709 | €1,284 | -€1,425 | -52.6% |
| Suppliers | 440/4 | €2,709 | €1,284 | -€1,425 | -52.6% |
| Taxes, remuneration and social security | 45 | €12,764 | €6,814 | -€5,951 | -46.6% |
| Taxes | 450/3 | €12,764 | €6,814 | -€5,951 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341 | €759 | +€418 | +122.5% |
| Other operating charges | 640/8 | €24 | €58 | +€34 | +144.3% |
| Gross operating margin | 9900 | €39,632 | €30,452 | -€9,180 | -23.2% |
| Operating profit (loss) | 9901 | €39,268 | €29,636 | -€9,632 | -24.5% |
| Financial income | 75/76B | €450 | €555 | +€105 | +23.4% |
| Recurring financial income | 75 | €450 | €555 | +€105 | +23.4% |
| Financial charges | 65/66B | €34 | €86 | +€53 | +156.6% |
| Recurring financial charges | 65 | €34 | €86 | +€53 | +156.6% |
| Profit (loss) for the period before taxes | 9903 | €39,683 | €30,104 | -€9,579 | -24.1% |
| Income taxes | 67/77 | €8,498 | €6,530 | -€1,968 | -23.2% |
| Profit (loss) for the period | 9904 | €31,185 | €23,574 | -€7,612 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,185 | €23,574 | -€7,612 | -24.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.