Inceptus: 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.
Inceptus
Largest movements
- Current investments -€165,057
down €165,057 (-100%), from €165,057 to €0
- Cash +€28,473
up €28,473 (+42.6%), from €66,810 to €95,283
mainly Current investments (+€165,057) and Net result for the year (+€152,881)
- Receivables within one year +€4,964
up €4,964 (+28.4%), from €17,504 to €22,468
of which Other amounts receivable: +€4,445
- Reserves -€72,119
down €72,119 (-97.3%), from €74,085 to €1,966
- Other debts -€53,400
down €53,400 (-78.8%), from €67,767 to €14,367
- Tax, wage and social debts -€8,045
down €8,045 (-50.0%), from €16,097 to €8,051
of which Taxes: -€8,045
- Gross operating margin +€24,410
up €24,410 (+14.0%), from €174,758 to €199,168
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 | €252,455 | €119,755 | -€132,700 | -52.6% |
| Fixed assets | 21/28 | €3,084 | €2,004 | -€1,081 | -35.0% |
| Tangible fixed assets | 22/27 | €3,084 | €2,004 | -€1,081 | -35.0% |
| Plant, machinery and equipment | 23 | €79 | €0 | -€79 | -100% |
| Furniture and vehicles | 24 | €455 | €304 | -€152 | -33.3% |
| Other tangible fixed assets | 26 | €2,550 | €1,700 | -€850 | -33.3% |
| Current assets | 29/58 | €249,371 | €117,751 | -€131,620 | -52.8% |
| Amounts receivable within one year | 40/41 | €17,504 | €22,468 | +€4,964 | +28.4% |
| Trade receivables | 40 | €14,734 | €15,254 | +€520 | +3.5% |
| Other amounts receivable | 41 | €2,770 | €7,215 | +€4,445 | +160% |
| Current investments | 50/53 | €165,057 | €0 | -€165,057 | -100% |
| Cash at bank and in hand | 54/58 | €66,810 | €95,283 | +€28,473 | +42.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €252,455 | €119,755 | -€132,700 | -52.6% |
| Equity | 10/15 | €92,685 | €20,566 | -€72,119 | -77.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,085 | €1,966 | -€72,119 | -97.3% |
| Distributable reserves | 133 | €74,085 | €1,966 | -€72,119 | -97.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €159,770 | €99,189 | -€60,582 | -37.9% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,170 | €23,589 | -€60,582 | -72.0% |
| Trade debts | 44 | €307 | €1,171 | +€864 | +282% |
| Suppliers | 440/4 | €307 | €1,171 | +€864 | +282% |
| Taxes, remuneration and social security | 45 | €16,097 | €8,051 | -€8,045 | -50.0% |
| Taxes | 450/3 | €15,597 | €7,551 | -€8,045 | -51.6% |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | €67,767 | €14,367 | -€53,400 | -78.8% |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,200 | €1,081 | -€1,120 | -50.9% |
| Other operating charges | 640/8 | €1,303 | €1,256 | -€47 | -3.6% |
| Gross operating margin | 9900 | €174,758 | €199,168 | +€24,410 | +14.0% |
| Operating profit (loss) | 9901 | €171,255 | €196,831 | +€25,576 | +14.9% |
| Financial income | 75/76B | €234 | €1,908 | +€1,675 | +717% |
| Recurring financial income | 75 | €234 | €1,908 | +€1,675 | +717% |
| Financial charges | 65/66B | €1,432 | €1,417 | -€14 | -1.0% |
| Recurring financial charges | 65 | €1,432 | €1,417 | -€14 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €170,057 | €197,322 | +€27,265 | +16.0% |
| Income taxes | 67/77 | €43,186 | €44,441 | +€1,255 | +2.9% |
| Profit (loss) for the period | 9904 | €126,871 | €152,881 | +€26,010 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €126,871 | €152,881 | +€26,010 | +20.5% |
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 14 October 2026 via checked.be.