INCOMAN: 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.
INCOMAN
Largest movements
- Current investments -€161,318
down €161,318 (-38.8%), from €415,858 to €254,540
- Cash -€35,601
down €35,601 (-24.6%), from €144,722 to €109,121
mainly Contributions, distributions and other (-€265,439) and Other debts (-€14,302)
- Tangible fixed assets -€21,245
down €21,245 (-38.8%), from €54,809 to €33,565
- Receivables within one year +€9,685
up €9,685 (+29.7%), from €32,557 to €42,242
of which Trade receivables: +€8,654
- Contributions -€244,500
down €244,500 (-79.6%), from €307,000 to €62,500
- Reserves +€46,328
up €46,328 (+16.6%), from €278,825 to €325,154
of which Distributable reserves: +€46,328
- Other debts -€14,302
down €14,302 (-26.5%), from €53,886 to €39,585
- Financial income +€16,332
up €16,332 (+551%), from €2,963 to €19,295
of which Non-recurring financial income: +€13,806
- Gross operating margin -€14,320
down €14,320 (-13.3%), from €107,628 to €93,309
- Other operating charges +€2,594
up €2,594 (+239%), from €1,085 to €3,680
- Write-downs -€2,200
new in 2025: -€2,200
- Financial charges +€1,368
up €1,368 (+48.2%), from -€2,841 to -€1,473
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 | €648,154 | €439,467 | -€208,687 | -32.2% |
| Fixed assets | 21/28 | €54,809 | €33,565 | -€21,245 | -38.8% |
| Tangible fixed assets | 22/27 | €54,809 | €33,565 | -€21,245 | -38.8% |
| Land and buildings | 22 | €9,552 | - | -€9,552 | |
| Plant, machinery and equipment | 23 | €12,382 | €9,141 | -€3,241 | -26.2% |
| Furniture and vehicles | 24 | €32,875 | €24,424 | -€8,451 | -25.7% |
| Current assets | 29/58 | €593,344 | €405,902 | -€187,442 | -31.6% |
| Amounts receivable within one year | 40/41 | €32,557 | €42,242 | +€9,685 | +29.7% |
| Trade receivables | 40 | €31,026 | €39,680 | +€8,654 | +27.9% |
| Other amounts receivable | 41 | €1,531 | €2,562 | +€1,031 | +67.3% |
| Current investments | 50/53 | €415,858 | €254,540 | -€161,318 | -38.8% |
| Cash at bank and in hand | 54/58 | €144,722 | €109,121 | -€35,601 | -24.6% |
| Deferred charges and accrued income | 490/1 | €208 | - | -€208 | |
| Total equity and liabilities | 10/49 | €648,154 | €439,467 | -€208,687 | -32.2% |
| Equity | 10/15 | €585,825 | €387,654 | -€198,172 | -33.8% |
| Contributions | 10/11 | €307,000 | €62,500 | -€244,500 | -79.6% |
| Capital | 10 | €307,000 | €62,500 | -€244,500 | -79.6% |
| Issued capital | 100 | €307,000 | €62,500 | -€244,500 | -79.6% |
| Reserves | 13 | €278,825 | €325,154 | +€46,328 | +16.6% |
| Non-distributable reserves | 130/1 | €25,236 | €25,236 | = | 0.0% |
| Legal reserve | 130 | €25,236 | €25,236 | = | 0.0% |
| Distributable reserves | 133 | €253,590 | €299,918 | +€46,328 | +18.3% |
| Amounts payable | 17/49 | €62,328 | €51,813 | -€10,515 | -16.9% |
| Amounts payable within one year | 42/48 | €62,266 | €51,813 | -€10,453 | -16.8% |
| Trade debts | 44 | €886 | €1,415 | +€529 | +59.7% |
| Suppliers | 440/4 | €886 | €1,415 | +€529 | +59.7% |
| Taxes, remuneration and social security | 45 | €7,494 | €10,814 | +€3,320 | +44.3% |
| Taxes | 450/3 | €7,494 | €10,814 | +€3,320 | +44.3% |
| Other amounts payable | 47/48 | €53,886 | €39,585 | -€14,302 | -26.5% |
| Accrued charges and deferred income | 492/3 | €62 | - | -€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,205 | €21,245 | +€39 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,200 | -€2,200 | |
| Other operating charges | 640/8 | €1,085 | €3,680 | +€2,594 | +239% |
| Gross operating margin | 9900 | €107,628 | €93,309 | -€14,320 | -13.3% |
| Operating profit (loss) | 9901 | €85,338 | €70,584 | -€14,754 | -17.3% |
| Financial income | 75/76B | €2,963 | €19,295 | +€16,332 | +551% |
| Recurring financial income | 75 | €2,963 | €5,489 | +€2,526 | +85.2% |
| Non-recurring financial income | 76B | - | €13,806 | +€13,806 | |
| Financial charges | 65/66B | -€2,841 | -€1,473 | +€1,368 | +48.2% |
| Recurring financial charges | 65 | -€2,841 | -€1,473 | +€1,368 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €91,142 | €91,352 | +€210 | +0.2% |
| Income taxes | 67/77 | €24,371 | €24,085 | -€286 | -1.2% |
| Profit (loss) for the period | 9904 | €66,771 | €67,268 | +€497 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,771 | €67,268 | +€497 | +0.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.