Inclusified: 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.
Inclusified
Largest movements
- Receivables within one year -€29,386
down €29,386 (-86.9%), from €33,830 to €4,444
of which Trade receivables: -€27,137
- Intangible fixed assets -€8,616
down €8,616 (-27.8%), from €31,036 to €22,419
- Cash +€4,055
up €4,055 (+111%), from €3,665 to €7,721
mainly Receivables within one year (+€29,386) and Net result for the year (+€17,126)
- Other debts -€36,675
down €36,675 (-75.3%), from €48,703 to €12,028
- Trade debts -€7,056
down €7,056 (-42.9%), from €16,431 to €9,374
- Reserves +€5,250
new in 2025: €5,250
- Tax, wage and social debts +€4,801
new in 2025: €4,801
- Gross operating margin -€29,838
down €29,838 (-50.2%), from €59,444 to €29,606
- Depreciation +€3,353
up €3,353 (+63.7%), from €5,264 to €8,616
- Taxes -€1,659
down €1,659 (-35.4%), from €4,692 to €3,033
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 | €68,681 | €34,877 | -€33,804 | -49.2% |
| Fixed assets | 21/28 | €31,036 | €22,419 | -€8,616 | -27.8% |
| Intangible fixed assets | 21 | €31,036 | €22,419 | -€8,616 | -27.8% |
| Current assets | 29/58 | €37,645 | €12,458 | -€25,188 | -66.9% |
| Amounts receivable within one year | 40/41 | €33,830 | €4,444 | -€29,386 | -86.9% |
| Trade receivables | 40 | €30,129 | €2,992 | -€27,137 | -90.1% |
| Other amounts receivable | 41 | €3,701 | €1,452 | -€2,249 | -60.8% |
| Cash at bank and in hand | 54/58 | €3,665 | €7,721 | +€4,055 | +111% |
| Deferred charges and accrued income | 490/1 | €150 | €293 | +€143 | +95.5% |
| Total equity and liabilities | 10/49 | €68,681 | €34,877 | -€33,804 | -49.2% |
| Equity | 10/15 | €3,247 | €8,373 | +€5,126 | +158% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €5,250 | +€5,250 | |
| Distributable reserves | 133 | - | €5,250 | +€5,250 | |
| Profit (loss) carried forward | 14 | €247 | €123 | -€124 | -50.1% |
| Amounts payable | 17/49 | €65,434 | €26,504 | -€38,930 | -59.5% |
| Amounts payable within one year | 42/48 | €65,134 | €26,204 | -€38,930 | -59.8% |
| Trade debts | 44 | €16,431 | €9,374 | -€7,056 | -42.9% |
| Suppliers | 440/4 | €16,431 | €9,374 | -€7,056 | -42.9% |
| Taxes, remuneration and social security | 45 | - | €4,801 | +€4,801 | |
| Taxes | 450/3 | - | €4,801 | +€4,801 | |
| Other amounts payable | 47/48 | €48,703 | €12,028 | -€36,675 | -75.3% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,264 | €8,616 | +€3,353 | +63.7% |
| Other operating charges | 640/8 | €581 | €585 | +€5 | +0.8% |
| Gross operating margin | 9900 | €59,444 | €29,606 | -€29,838 | -50.2% |
| Operating profit (loss) | 9901 | €53,599 | €20,404 | -€33,196 | -61.9% |
| Financial income | 75/76B | €83 | €84 | +€1 | +1.7% |
| Recurring financial income | 75 | €83 | €84 | +€1 | +1.7% |
| Financial charges | 65/66B | €299 | €329 | +€30 | +10.0% |
| Recurring financial charges | 65 | €299 | €329 | +€30 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €53,383 | €20,159 | -€33,224 | -62.2% |
| Income taxes | 67/77 | €4,692 | €3,033 | -€1,659 | -35.4% |
| Profit (loss) for the period | 9904 | €48,691 | €17,126 | -€31,565 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,691 | €17,126 | -€31,565 | -64.8% |
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.