IncluVision: 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.
IncluVision
Largest movements
- Receivables within one year +€10,382
up €10,382 (+126.3%), from €8,218 to €18,600
of which Trade receivables: +€11,248
- Cash -€1,023
down €1,023 (-19.3%), from €5,288 to €4,265
mainly Receivables within one year (-€10,382) and Trade debts (-€6,499)
- Tangible fixed assets +€583
up €583 (+48.0%), from €1,216 to €1,800
- Profit (loss) carried forward +€13,003
up €13,003 (+87.2%), from -€14,919 to -€1,917
- Trade debts -€6,499
down €6,499 (-49.1%), from €13,241 to €6,743
- Tax, wage and social debts +€2,535
up €2,535 (+1001.5%), from €253 to €2,788
- Accrued charges and deferred income +€700
new in 2025: €700
- Gross operating margin +€26,384
up €26,384, from -€11,573 to €14,811
- Depreciation -€2,710
down €2,710 (-86.0%), from €3,149 to €440
- Financial charges +€1,379
up €1,379 (+894.1%), from €154 to €1,534
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 | €22,332 | €32,358 | +€10,026 | +44.9% |
| Fixed assets | 21/28 | €8,716 | €9,300 | +€583 | +6.7% |
| Tangible fixed assets | 22/27 | €1,216 | €1,800 | +€583 | +48.0% |
| Furniture and vehicles | 24 | €1,216 | €1,800 | +€583 | +48.0% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €13,616 | €23,058 | +€9,443 | +69.4% |
| Amounts receivable within one year | 40/41 | €8,218 | €18,600 | +€10,382 | +126.3% |
| Trade receivables | 40 | €5,718 | €16,967 | +€11,248 | +196.7% |
| Other amounts receivable | 41 | €2,500 | €1,633 | -€867 | -34.7% |
| Cash at bank and in hand | 54/58 | €5,288 | €4,265 | -€1,023 | -19.3% |
| Deferred charges and accrued income | 490/1 | €110 | €193 | +€84 | +76.3% |
| Total equity and liabilities | 10/49 | €22,332 | €32,358 | +€10,026 | +44.9% |
| Equity | 10/15 | -€12,419 | €583 | +€13,003 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,919 | -€1,917 | +€13,003 | +87.2% |
| Amounts payable | 17/49 | €34,751 | €31,775 | -€2,976 | -8.6% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,751 | €21,075 | -€3,676 | -14.9% |
| Trade debts | 44 | €13,241 | €6,743 | -€6,499 | -49.1% |
| Suppliers | 440/4 | €13,241 | €6,743 | -€6,499 | -49.1% |
| Taxes, remuneration and social security | 45 | €253 | €2,788 | +€2,535 | +1001.5% |
| Taxes | 450/3 | €253 | €2,788 | +€2,535 | +1001.5% |
| Other amounts payable | 47/48 | €11,257 | €11,544 | +€288 | +2.6% |
| Accrued charges and deferred income | 492/3 | - | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,149 | €440 | -€2,710 | -86.0% |
| Other operating charges | 640/8 | €75 | - | -€75 | |
| Gross operating margin | 9900 | -€11,573 | €14,811 | +€26,384 | |
| Operating profit (loss) | 9901 | -€14,797 | €14,371 | +€29,168 | |
| Financial income | 75/76B | €32 | €86 | +€54 | +169.0% |
| Recurring financial income | 75 | €32 | €86 | +€54 | +169.0% |
| Financial charges | 65/66B | €154 | €1,534 | +€1,379 | +894.1% |
| Recurring financial charges | 65 | €154 | €1,534 | +€1,379 | +894.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,919 | €12,924 | +€27,843 | |
| Profit (loss) for the period | 9904 | -€14,919 | €12,924 | +€27,843 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,919 | €12,924 | +€27,843 |
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 7 October 2026 via checked.be.