INCLUSIUM: 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.
INCLUSIUM
Largest movements
- Receivables within one year +€103,352
up €103,352 (+67.0%), from €154,313 to €257,665
of which Trade receivables: +€96,067
- Tangible fixed assets -€24,906
down €24,906 (-8.3%), from €301,866 to €276,960
of which Other tangible fixed assets: -€17,109
- Deferred charges and accrued income -€11,424
down €11,424 (-26.1%), from €43,724 to €32,300
- Other debts +€126,700
up €126,700 (+111.4%), from €113,752 to €240,452
- Profit (loss) carried forward -€58,851
down €58,851 (-29.9%), from -€196,596 to -€255,447
- Debts after one year -€50,072
down €50,072 (-14.8%), from €338,675 to €288,603
- Tax, wage and social debts +€39,198
up €39,198 (+36.4%), from €107,687 to €146,885
of which Taxes: +€51,366
- Accrued charges and deferred income +€14,213
up €14,213 (+87.2%), from €16,294 to €30,508
- Financial charges +€20,762
up €20,762 (+199.2%), from €10,422 to €31,184
- Staff costs -€5,986
down €5,986 (-2.8%), from €216,448 to €210,461
- Other operating charges +€3,441
up €3,441 (+144.8%), from €2,376 to €5,817
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,217 | €576,635 | +€62,418 | +12.1% |
| Fixed assets | 21/28 | €311,282 | €284,938 | -€26,344 | -8.5% |
| Intangible fixed assets | 21 | €9,415 | €7,978 | -€1,438 | -15.3% |
| Tangible fixed assets | 22/27 | €301,866 | €276,960 | -€24,906 | -8.3% |
| Land and buildings | 22 | €22,876 | €21,605 | -€1,271 | -5.6% |
| Plant, machinery and equipment | 23 | €8,243 | €4,176 | -€4,067 | -49.3% |
| Furniture and vehicles | 24 | €5,565 | €3,106 | -€2,459 | -44.2% |
| Other tangible fixed assets | 26 | €265,182 | €248,073 | -€17,109 | -6.5% |
| Current assets | 29/58 | €202,935 | €291,697 | +€88,762 | +43.7% |
| Amounts receivable within one year | 40/41 | €154,313 | €257,665 | +€103,352 | +67.0% |
| Trade receivables | 40 | €134,459 | €230,526 | +€96,067 | +71.4% |
| Other amounts receivable | 41 | €19,854 | €27,139 | +€7,285 | +36.7% |
| Cash at bank and in hand | 54/58 | €4,898 | €1,732 | -€3,166 | -64.6% |
| Deferred charges and accrued income | 490/1 | €43,724 | €32,300 | -€11,424 | -26.1% |
| Total equity and liabilities | 10/49 | €514,217 | €576,635 | +€62,418 | +12.1% |
| Equity | 10/15 | -€177,953 | -€236,804 | -€58,851 | -33.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43 | €43 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43 | €43 | = | 0.0% |
| Reserves not available under the articles | 1311 | €43 | €43 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€196,596 | -€255,447 | -€58,851 | -29.9% |
| Amounts payable | 17/49 | €692,170 | €813,439 | +€121,269 | +17.5% |
| Amounts payable after more than one year | 17 | €338,675 | €288,603 | -€50,072 | -14.8% |
| Financial debts | 170/4 | €338,675 | €288,603 | -€50,072 | -14.8% |
| Amounts payable within one year | 42/48 | €337,201 | €494,329 | +€157,128 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €54,455 | €50,072 | -€4,383 | -8.0% |
| Trade debts | 44 | €61,307 | €56,919 | -€4,387 | -7.2% |
| Suppliers | 440/4 | €61,307 | €56,919 | -€4,387 | -7.2% |
| Taxes, remuneration and social security | 45 | €107,687 | €146,885 | +€39,198 | +36.4% |
| Taxes | 450/3 | €37,986 | €89,352 | +€51,366 | +135.2% |
| Remuneration and social security | 454/9 | €69,701 | €57,533 | -€12,168 | -17.5% |
| Other amounts payable | 47/48 | €113,752 | €240,452 | +€126,700 | +111.4% |
| Accrued charges and deferred income | 492/3 | €16,294 | €30,508 | +€14,213 | +87.2% |
| Remuneration, social security and pensions | 62 | €216,448 | €210,461 | -€5,986 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,607 | €26,344 | -€263 | -1.0% |
| Other operating charges | 640/8 | €2,376 | €5,817 | +€3,441 | +144.8% |
| Gross operating margin | 9900 | €214,779 | €214,639 | -€140 | -0.1% |
| Operating profit (loss) | 9901 | -€30,651 | -€27,983 | +€2,668 | +8.7% |
| Financial income | 75/76B | €341 | €316 | -€25 | -7.3% |
| Recurring financial income | 75 | €341 | €316 | -€25 | -7.3% |
| Financial charges | 65/66B | €10,422 | €31,184 | +€20,762 | +199.2% |
| Recurring financial charges | 65 | €10,422 | €31,184 | +€20,762 | +199.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,732 | -€58,851 | -€18,119 | -44.5% |
| Profit (loss) for the period | 9904 | -€40,732 | -€58,851 | -€18,119 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,732 | -€58,851 | -€18,119 | -44.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.