InCase Group: what changed
InCase Group
Largest movements
- Cash +€23,396
up €23,396 (+97.4%), from €24,029 to €47,426
mainly Net result for the year (+€24,062) and Receivables within one year (+€9,893)
- Receivables within one year -€9,893
down €9,893 (-18.8%), from €52,657 to €42,764
of which Trade receivables: -€12,054
- Tangible fixed assets +€2,589
up €2,589 (+228%), from €1,136 to €3,725
- Reserves +€24,062
up €24,062 (+42.3%), from €56,881 to €80,943
- Tax, wage and social debts -€7,899
down €7,899 (-45.8%), from €17,264 to €9,365
- Gross operating margin -€37,303
down €37,303 (-51.4%), from €72,616 to €35,312
- Taxes -€5,344
down €5,344 (-36.0%), from €14,841 to €9,498
- Depreciation +€778
up €778 (+305%), from €255 to €1,034
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,426 | €95,548 | +€16,123 | +20.3% |
| Fixed assets | 21/28 | €1,136 | €3,725 | +€2,589 | +228% |
| Tangible fixed assets | 22/27 | €1,136 | €3,725 | +€2,589 | +228% |
| Furniture and vehicles | 24 | €1,136 | €3,725 | +€2,589 | +228% |
| Current assets | 29/58 | €78,289 | €91,823 | +€13,534 | +17.3% |
| Stocks and contracts in progress | 3 | €1,603 | €1,603 | = | 0.0% |
| Stocks | 30/36 | €1,603 | €1,603 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,657 | €42,764 | -€9,893 | -18.8% |
| Trade receivables | 40 | €48,024 | €35,970 | -€12,054 | -25.1% |
| Other amounts receivable | 41 | €4,633 | €6,794 | +€2,161 | +46.6% |
| Cash at bank and in hand | 54/58 | €24,029 | €47,426 | +€23,396 | +97.4% |
| Deferred charges and accrued income | 490/1 | - | €30 | +€30 | |
| Total equity and liabilities | 10/49 | €79,426 | €95,548 | +€16,123 | +20.3% |
| Equity | 10/15 | €61,881 | €85,943 | +€24,062 | +38.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,881 | €80,943 | +€24,062 | +42.3% |
| Distributable reserves | 133 | €56,881 | €80,943 | +€24,062 | +42.3% |
| Amounts payable | 17/49 | €17,545 | €9,605 | -€7,940 | -45.3% |
| Amounts payable within one year | 42/48 | €17,545 | €9,605 | -€7,940 | -45.3% |
| Trade debts | 44 | €281 | €241 | -€41 | -14.4% |
| Suppliers | 440/4 | €281 | €241 | -€41 | -14.4% |
| Taxes, remuneration and social security | 45 | €17,264 | €9,365 | -€7,899 | -45.8% |
| Taxes | 450/3 | €17,264 | €9,365 | -€7,899 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | €1,034 | +€778 | +305% |
| Other operating charges | 640/8 | €632 | €527 | -€104 | -16.5% |
| Gross operating margin | 9900 | €72,616 | €35,312 | -€37,303 | -51.4% |
| Operating profit (loss) | 9901 | €71,729 | €33,751 | -€37,977 | -52.9% |
| Financial charges | 65/66B | €7 | €191 | +€185 | +2,767% |
| Recurring financial charges | 65 | €7 | €191 | +€185 | +2,767% |
| Profit (loss) for the period before taxes | 9903 | €71,722 | €33,560 | -€38,162 | -53.2% |
| Income taxes | 67/77 | €14,841 | €9,498 | -€5,344 | -36.0% |
| Profit (loss) for the period | 9904 | €56,881 | €24,062 | -€32,818 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,881 | €24,062 | -€32,818 | -57.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.