INCO: 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.
INCO
Largest movements
- Receivables within one year +€17,379
up €17,379 (+72.6%), from €23,938 to €41,317
of which Trade receivables: +€11,481
- Cash +€12,094
up €12,094 (+83.5%), from €14,484 to €26,578
mainly Trade debts (+€21,012) and Net result for the year (+€7,475)
- Tangible fixed assets +€3,545
new in 2025: €3,545
- Trade debts +€21,012
up €21,012 (+565.5%), from €3,716 to €24,728
- Reserves +€7,475
up €7,475 (+38.6%), from €19,347 to €26,822
of which Distributable reserves: +€7,475
- Profit (loss) carried forward -€6,000
down €6,000 (-63.6%), from €9,431 to €3,431
- Other debts +€6,000
up €6,000 (+869.6%), from €690 to €6,690
- Tax, wage and social debts +€4,477
up €4,477 (+1120.9%), from €399 to €4,877
- Gross operating margin +€1,098
up €1,098 (+10.2%), from €10,771 to €11,869
- Depreciation +€419
new in 2025: €419
- Other operating charges +€324
up €324 (+47.2%), from €687 to €1,012
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 | €39,782 | €72,813 | +€33,031 | +83.0% |
| Fixed assets | 21/28 | €600 | €4,145 | +€3,545 | +590.8% |
| Tangible fixed assets | 22/27 | - | €3,545 | +€3,545 | |
| Furniture and vehicles | 24 | - | €3,545 | +€3,545 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €39,182 | €68,668 | +€29,486 | +75.3% |
| Amounts receivable within one year | 40/41 | €23,938 | €41,317 | +€17,379 | +72.6% |
| Trade receivables | 40 | €8,571 | €20,051 | +€11,481 | +134.0% |
| Other amounts receivable | 41 | €15,367 | €21,266 | +€5,898 | +38.4% |
| Cash at bank and in hand | 54/58 | €14,484 | €26,578 | +€12,094 | +83.5% |
| Deferred charges and accrued income | 490/1 | €760 | €773 | +€13 | +1.7% |
| Total equity and liabilities | 10/49 | €39,782 | €72,813 | +€33,031 | +83.0% |
| Equity | 10/15 | €34,977 | €36,453 | +€1,475 | +4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,347 | €26,822 | +€7,475 | +38.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,487 | €24,962 | +€7,475 | +42.7% |
| Profit (loss) carried forward | 14 | €9,431 | €3,431 | -€6,000 | -63.6% |
| Amounts payable | 17/49 | €4,805 | €36,360 | +€31,555 | +656.7% |
| Amounts payable within one year | 42/48 | €4,805 | €36,294 | +€31,489 | +655.3% |
| Trade debts | 44 | €3,716 | €24,728 | +€21,012 | +565.5% |
| Suppliers | 440/4 | €3,716 | €24,728 | +€21,012 | +565.5% |
| Taxes, remuneration and social security | 45 | €399 | €4,877 | +€4,477 | +1120.9% |
| Taxes | 450/3 | €399 | €4,877 | +€4,477 | +1120.9% |
| Other amounts payable | 47/48 | €690 | €6,690 | +€6,000 | +869.6% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €419 | +€419 | |
| Other operating charges | 640/8 | €687 | €1,012 | +€324 | +47.2% |
| Gross operating margin | 9900 | €10,771 | €11,869 | +€1,098 | +10.2% |
| Operating profit (loss) | 9901 | €10,084 | €10,439 | +€355 | +3.5% |
| Financial income | 75/76B | €1 | €8 | +€8 | +1416.7% |
| Recurring financial income | 75 | €1 | €8 | +€8 | +1416.7% |
| Financial charges | 65/66B | €76 | €74 | -€2 | -3.1% |
| Recurring financial charges | 65 | €76 | €74 | -€2 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €10,008 | €10,374 | +€365 | +3.6% |
| Income taxes | 67/77 | €2,899 | €2,898 | -€1 | 0.0% |
| Profit (loss) for the period | 9904 | €7,110 | €7,475 | +€366 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,110 | €7,475 | +€366 | +5.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.