INCENTRA: 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.
INCENTRA
Largest movements
- Tangible fixed assets -€21,293
down €21,293 (-7.9%), from €268,672 to €247,380
of which Land and buildings: -€11,491
- Receivables within one year +€11,896
up €11,896 (+28.8%), from €41,293 to €53,189
of which Other amounts receivable: +€27,032
- Cash -€6,673
down €6,673 (-88.4%), from €7,545 to €872
mainly Debts after one year (-€28,461) and Net result for the year (-€14,768)
- Debts after one year -€28,461
down €28,461 (-16.8%), from €169,839 to €141,378
- Other debts +€22,124
up €22,124 (+57.5%), from €38,472 to €60,596
- Profit (loss) carried forward -€14,768
down €14,768 (-196.2%), from -€7,526 to -€22,293
- Short-term financial debts +€11,036
up €11,036, from €0 to €11,036
- Current portion of long-term debt -€7,397
down €7,397 (-19.4%), from €38,211 to €30,813
- Gross operating margin -€11,938
down €11,938 (-43.8%), from €27,272 to €15,334
- Depreciation -€3,195
down €3,195 (-13.0%), from €24,488 to €21,293
- Other operating charges -€1,862
down €1,862 (-83.4%), from €2,234 to €372
- Financial charges +€944
up €944 (+12.6%), from €7,521 to €8,466
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 | €356,705 | €340,058 | -€16,648 | -4.7% |
| Fixed assets | 21/28 | €268,672 | €247,380 | -€21,293 | -7.9% |
| Tangible fixed assets | 22/27 | €268,672 | €247,380 | -€21,293 | -7.9% |
| Land and buildings | 22 | €253,159 | €241,668 | -€11,491 | -4.5% |
| Plant, machinery and equipment | 23 | €784 | €425 | -€359 | -45.8% |
| Furniture and vehicles | 24 | €14,729 | €5,286 | -€9,443 | -64.1% |
| Current assets | 29/58 | €88,033 | €92,678 | +€4,645 | +5.3% |
| Amounts receivable after more than one year | 29 | €37,578 | €37,578 | = | 0.0% |
| Trade receivables | 290 | €37,578 | €0 | -€37,578 | -100.0% |
| Other amounts receivable | 291 | €0 | €37,578 | +€37,578 | |
| Amounts receivable within one year | 40/41 | €41,293 | €53,189 | +€11,896 | +28.8% |
| Trade receivables | 40 | €28,402 | €13,265 | -€15,137 | -53.3% |
| Other amounts receivable | 41 | €12,891 | €39,924 | +€27,032 | +209.7% |
| Cash at bank and in hand | 54/58 | €7,545 | €872 | -€6,673 | -88.4% |
| Deferred charges and accrued income | 490/1 | €1,617 | €1,040 | -€577 | -35.7% |
| Total equity and liabilities | 10/49 | €356,705 | €340,058 | -€16,648 | -4.7% |
| Equity | 10/15 | €106,968 | €92,200 | -€14,768 | -13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,893 | €95,893 | = | 0.0% |
| Distributable reserves | 133 | €95,893 | €95,893 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,526 | -€22,293 | -€14,768 | -196.2% |
| Amounts payable | 17/49 | €249,738 | €247,858 | -€1,880 | -0.8% |
| Amounts payable after more than one year | 17 | €169,839 | €141,378 | -€28,461 | -16.8% |
| Financial debts | 170/4 | €169,839 | €141,378 | -€28,461 | -16.8% |
| Amounts payable within one year | 42/48 | €79,898 | €105,230 | +€25,332 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €38,211 | €30,813 | -€7,397 | -19.4% |
| Financial debts | 43 | €0 | €11,036 | +€11,036 | |
| Credit institutions | 430/8 | €0 | €11,036 | +€11,036 | |
| Trade debts | 44 | €1,071 | €1,039 | -€32 | -3.0% |
| Suppliers | 440/4 | €1,071 | €1,039 | -€32 | -3.0% |
| Taxes, remuneration and social security | 45 | €2,145 | €1,746 | -€399 | -18.6% |
| Taxes | 450/3 | €2,145 | €1,746 | -€399 | -18.6% |
| Other amounts payable | 47/48 | €38,472 | €60,596 | +€22,124 | +57.5% |
| Accrued charges and deferred income | 492/3 | - | €1,250 | +€1,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,488 | €21,293 | -€3,195 | -13.0% |
| Other operating charges | 640/8 | €2,234 | €372 | -€1,862 | -83.4% |
| Gross operating margin | 9900 | €27,272 | €15,334 | -€11,938 | -43.8% |
| Operating profit (loss) | 9901 | €551 | -€6,330 | -€6,881 | |
| Financial income | 75/76B | €251 | €149 | -€101 | -40.4% |
| Recurring financial income | 75 | €251 | €149 | -€101 | -40.4% |
| Financial charges | 65/66B | €7,521 | €8,466 | +€944 | +12.6% |
| Recurring financial charges | 65 | €7,521 | €8,466 | +€944 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,720 | -€14,647 | -€7,927 | -118.0% |
| Income taxes | 67/77 | €104 | €121 | +€17 | +16.4% |
| Profit (loss) for the period | 9904 | -€6,824 | -€14,768 | -€7,944 | -116.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,824 | -€14,768 | -€7,944 | -116.4% |
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.