INCEPTUA: 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.
INCEPTUA
Largest movements
- Tangible fixed assets -€63,451
down €63,451 (-22.0%), from €288,337 to €224,886
of which Furniture and vehicles: -€50,207
- Cash +€13,372
up €13,372 (+70.1%), from €19,078 to €32,450
mainly Depreciation (+€62,183) and Receivables within one year (+€9,467)
- Receivables within one year -€9,467
down €9,467 (-97.2%), from €9,740 to €273
of which Other amounts receivable: -€6,891
- Profit (loss) carried forward -€42,879
down €42,879 (-54.1%), from -€79,218 to -€122,097
- Debts after one year -€6,693
down €6,693 (-12.0%), from €55,998 to €49,305
- Current portion of long-term debt -€6,571
down €6,571 (-33.1%), from €19,857 to €13,286
- Other debts -€4,641
down €4,641 (-1.6%), from €298,653 to €294,011
- Advances received +€3,294
up €3,294 (+52.2%), from €6,315 to €9,609
- Gross operating margin -€4,771
down €4,771 (-14.8%), from €32,273 to €27,502
- Other operating charges +€2,522
up €2,522 (+270%), from €932 to €3,454
- Financial charges +€804
up €804 (+22.2%), from €3,620 to €4,423
- Depreciation +€715
up €715 (+1.2%), from €61,468 to €62,183
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 | €321,030 | €261,895 | -€59,135 | -18.4% |
| Fixed assets | 21/28 | €288,337 | €224,886 | -€63,451 | -22.0% |
| Tangible fixed assets | 22/27 | €288,337 | €224,886 | -€63,451 | -22.0% |
| Land and buildings | 22 | €8,185 | €7,062 | -€1,123 | -13.7% |
| Furniture and vehicles | 24 | €222,124 | €171,917 | -€50,207 | -22.6% |
| Other tangible fixed assets | 26 | €58,028 | €45,907 | -€12,121 | -20.9% |
| Current assets | 29/58 | €32,693 | €37,009 | +€4,316 | +13.2% |
| Amounts receivable within one year | 40/41 | €9,740 | €273 | -€9,467 | -97.2% |
| Trade receivables | 40 | €2,850 | €273 | -€2,577 | -90.4% |
| Other amounts receivable | 41 | €6,891 | - | -€6,891 | |
| Cash at bank and in hand | 54/58 | €19,078 | €32,450 | +€13,372 | +70.1% |
| Deferred charges and accrued income | 490/1 | €3,875 | €4,286 | +€411 | +10.6% |
| Total equity and liabilities | 10/49 | €321,030 | €261,895 | -€59,135 | -18.4% |
| Equity | 10/15 | -€69,218 | -€112,097 | -€42,879 | -61.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,218 | -€122,097 | -€42,879 | -54.1% |
| Amounts payable | 17/49 | €390,248 | €373,992 | -€16,256 | -4.2% |
| Amounts payable after more than one year | 17 | €55,998 | €49,305 | -€6,693 | -12.0% |
| Financial debts | 170/4 | €55,998 | €49,305 | -€6,693 | -12.0% |
| Amounts payable within one year | 42/48 | €332,650 | €323,087 | -€9,563 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €19,857 | €13,286 | -€6,571 | -33.1% |
| Trade debts | 44 | €4,240 | €2,073 | -€2,167 | -51.1% |
| Suppliers | 440/4 | €4,240 | €2,073 | -€2,167 | -51.1% |
| Advances received on contracts in progress | 46 | €6,315 | €9,609 | +€3,294 | +52.2% |
| Taxes, remuneration and social security | 45 | €3,585 | €4,107 | +€522 | +14.5% |
| Taxes | 450/3 | €1,835 | €2,357 | +€522 | +28.4% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €298,653 | €294,011 | -€4,641 | -1.6% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,468 | €62,183 | +€715 | +1.2% |
| Other operating charges | 640/8 | €932 | €3,454 | +€2,522 | +270% |
| Gross operating margin | 9900 | €32,273 | €27,502 | -€4,771 | -14.8% |
| Operating profit (loss) | 9901 | -€30,128 | -€38,135 | -€8,008 | -26.6% |
| Financial income | 75/76B | €76 | - | -€76 | |
| Recurring financial income | 75 | €76 | - | -€76 | |
| Financial charges | 65/66B | €3,620 | €4,423 | +€804 | +22.2% |
| Recurring financial charges | 65 | €3,620 | €4,423 | +€804 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | -€33,671 | -€42,558 | -€8,887 | -26.4% |
| Income taxes | 67/77 | €263 | €321 | +€58 | +21.9% |
| Profit (loss) for the period | 9904 | -€33,934 | -€42,879 | -€8,945 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,934 | -€42,879 | -€8,945 | -26.4% |
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 20 October 2026 via checked.be.