INCOMAC: 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.
INCOMAC
Largest movements
- Tangible fixed assets -€47,016
down €47,016 (-17.0%), from €277,201 to €230,186
of which Plant, machinery and equipment: -€47,016
- Cash -€6,955
down €6,955 (-59.7%), from €11,651 to €4,696
mainly Net result for the year (-€31,788) and Other debts (-€19,160)
- Profit (loss) carried forward -€28,937
down €28,937 (-3.2%), from -€894,708 to -€923,645
- Other debts -€19,160
down €19,160 (-1.8%), from €1.0m to €1.0m
- Debts after one year -€9,082
down €9,082 (-85.4%), from €10,638 to €1,557
- Trade debts +€3,624
up €3,624 (+48.1%), from €7,526 to €11,149
- Gross operating margin +€11,014
up €11,014 (+38.9%), from €28,280 to €39,294
- Other operating charges +€1,603
up €1,603 (+25.9%), from €6,200 to €7,803
- Financial charges -€485
down €485 (-2.9%), from €16,748 to €16,263
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 | €295,279 | €241,082 | -€54,198 | -18.4% |
| Fixed assets | 21/28 | €277,201 | €230,186 | -€47,016 | -17.0% |
| Tangible fixed assets | 22/27 | €277,201 | €230,186 | -€47,016 | -17.0% |
| Land and buildings | 22 | €29,747 | €29,747 | = | 0.0% |
| Plant, machinery and equipment | 23 | €247,454 | €200,438 | -€47,016 | -19.0% |
| Current assets | 29/58 | €18,078 | €10,896 | -€7,182 | -39.7% |
| Amounts receivable within one year | 40/41 | €227 | €0 | -€227 | -100.0% |
| Trade receivables | 40 | €227 | €0 | -€227 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,651 | €4,696 | -€6,955 | -59.7% |
| Deferred charges and accrued income | 490/1 | €6,200 | €6,200 | = | 0.0% |
| Total equity and liabilities | 10/49 | €295,279 | €241,082 | -€54,198 | -18.4% |
| Equity | 10/15 | -€790,221 | -€822,009 | -€31,788 | -4.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €5,330 | €2,479 | -€2,851 | -53.5% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Legal reserve | 130 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,851 | €0 | -€2,851 | -100.0% |
| Profit (loss) carried forward | 14 | -€894,708 | -€923,645 | -€28,937 | -3.2% |
| Amounts payable | 17/49 | €1,085,500 | €1,063,091 | -€22,410 | -2.1% |
| Amounts payable after more than one year | 17 | €10,638 | €1,557 | -€9,082 | -85.4% |
| Financial debts | 170/4 | €10,638 | €1,557 | -€9,082 | -85.4% |
| Amounts payable within one year | 42/48 | €1,063,891 | €1,048,784 | -€15,107 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €8,652 | €9,082 | +€429 | +5.0% |
| Trade debts | 44 | €7,526 | €11,149 | +€3,624 | +48.1% |
| Suppliers | 440/4 | €7,526 | €11,149 | +€3,624 | +48.1% |
| Other amounts payable | 47/48 | €1,047,713 | €1,028,553 | -€19,160 | -1.8% |
| Accrued charges and deferred income | 492/3 | €10,971 | €12,750 | +€1,779 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,916 | €47,016 | +€99 | +0.2% |
| Other operating charges | 640/8 | €6,200 | €7,803 | +€1,603 | +25.9% |
| Gross operating margin | 9900 | €28,280 | €39,294 | +€11,014 | +38.9% |
| Operating profit (loss) | 9901 | -€24,837 | -€15,525 | +€9,312 | +37.5% |
| Financial income | 75/76B | €46 | €0 | -€46 | -100.0% |
| Recurring financial income | 75 | €46 | €0 | -€46 | -100.0% |
| Financial charges | 65/66B | €16,748 | €16,263 | -€485 | -2.9% |
| Recurring financial charges | 65 | €16,748 | €16,263 | -€485 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€41,538 | -€31,788 | +€9,751 | +23.5% |
| Profit (loss) for the period | 9904 | -€41,538 | -€31,788 | +€9,751 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,538 | -€31,788 | +€9,751 | +23.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.