INCANTARE: 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.
INCANTARE
Largest movements
- Receivables within one year -€53,912
down €53,912 (-36.3%), from €148,661 to €94,749
of which Trade receivables: -€44,077
- Cash +€18,562
up €18,562 (+72.5%), from €25,599 to €44,161
mainly Receivables within one year (+€53,912) and Trade debts (+€9,001)
- Deferred charges and accrued income +€15,948
up €15,948 (+96.4%), from €16,550 to €32,498
- Profit (loss) carried forward -€26,030
down €26,030 (-79.6%), from -€32,687 to -€58,717
- Trade debts +€9,001
up €9,001 (+4.8%), from €188,870 to €197,871
- Tax, wage and social debts -€2,373
down €2,373 (-11.0%), from €21,657 to €19,283
- Gross operating margin -€45,595
down €45,595, from €34,590 to -€11,005
- Taxes -€5,289
down €5,289 (-89.3%), from €5,926 to €637
- Financial charges +€1,857
up €1,857 (+11.2%), from €16,621 to €18,478
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 | €190,810 | €171,408 | -€19,402 | -10.2% |
| Current assets | 29/58 | €190,810 | €171,408 | -€19,402 | -10.2% |
| Amounts receivable within one year | 40/41 | €148,661 | €94,749 | -€53,912 | -36.3% |
| Trade receivables | 40 | €44,077 | €0 | -€44,077 | -100% |
| Other amounts receivable | 41 | €104,584 | €94,749 | -€9,835 | -9.4% |
| Cash at bank and in hand | 54/58 | €25,599 | €44,161 | +€18,562 | +72.5% |
| Deferred charges and accrued income | 490/1 | €16,550 | €32,498 | +€15,948 | +96.4% |
| Total equity and liabilities | 10/49 | €190,810 | €171,408 | -€19,402 | -10.2% |
| Equity | 10/15 | -€19,987 | -€46,017 | -€26,030 | -130% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,687 | -€58,717 | -€26,030 | -79.6% |
| Amounts payable | 17/49 | €210,797 | €217,425 | +€6,628 | +3.1% |
| Amounts payable within one year | 42/48 | €210,797 | €217,425 | +€6,628 | +3.1% |
| Trade debts | 44 | €188,870 | €197,871 | +€9,001 | +4.8% |
| Suppliers | 440/4 | €188,870 | €197,871 | +€9,001 | +4.8% |
| Taxes, remuneration and social security | 45 | €21,657 | €19,283 | -€2,373 | -11.0% |
| Taxes | 450/3 | €21,657 | €19,283 | -€2,373 | -11.0% |
| Other amounts payable | 47/48 | €270 | €270 | = | 0.0% |
| Non-recurring operating income | 76A | - | €9,690 | +€9,690 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Other operating charges | 640/8 | €1,623 | €1,306 | -€317 | -19.5% |
| Non-recurring operating charges | 66A | €3,000 | €0 | -€3,000 | -100% |
| Gross operating margin | 9900 | €34,590 | -€11,005 | -€45,595 | |
| Operating profit (loss) | 9901 | €29,967 | -€12,311 | -€42,278 | |
| Financial income | 75/76B | €5,246 | €5,395 | +€150 | +2.9% |
| Recurring financial income | 75 | €5,246 | €5,395 | +€150 | +2.9% |
| Financial charges | 65/66B | €16,621 | €18,478 | +€1,857 | +11.2% |
| Recurring financial charges | 65 | €16,621 | €18,478 | +€1,857 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €18,592 | -€25,393 | -€43,985 | |
| Income taxes | 67/77 | €5,926 | €637 | -€5,289 | -89.3% |
| Profit (loss) for the period | 9904 | €12,666 | -€26,030 | -€38,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,666 | -€26,030 | -€38,696 |
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 13 October 2026 via checked.be.