INCOMEC: what changed
What changed
INCOMEC
NACE 28.930, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€2.5m
2024 · €1.5m+€1.1m
Equity
€356,793
2024 · €170,829+€185,964
Cash
€2.9m
2024 · €2.4m+€545,747
Balance sheet total
€7.4m
2024 · €5.3m+€2.1m
Largest movements
Assets
- Current investments +€1.0m
up €1.0m (+95.2%), from €1.1m to €2.1m
- Cash +€545,747
up €545,747 (+23.1%), from €2.4m to €2.9m
mainly Net result for the year (+€2.5m) and Trade debts (+€1.0m)
- Stocks and contracts +€437,487
up €437,487 (+74.2%), from €589,357 to €1.0m
of which Stocks: +€523,167
- Receivables within one year +€163,903
up €163,903 (+27.4%), from €597,443 to €761,346
of which Other amounts receivable: +€118,507
Equity and liabilities
- Trade debts +€1.0m
up €1.0m (+117%), from €862,031 to €1.9m
- Other debts +€919,326
up €919,326 (+63.7%), from €1.4m to €2.4m
- Advances received +€208,831
up €208,831 (+14.7%), from €1.4m to €1.6m
- Profit (loss) carried forward +€185,964
up €185,964 (+181%), from €102,629 to €288,593
- Debts after one year -€119,486
down €119,486 (-11.2%), from €1.1m to €943,315
Income statement
- Gross operating margin +€1.4m
up €1.4m (+52.1%), from €2.7m to €4.0m
- Taxes +€245,414
up €245,414 (+87.4%), from €280,817 to €526,231
- Staff costs +€51,520
up €51,520 (+6.8%), from €762,983 to €814,503
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.5m
Gross operating margin
+€1.4m
Staff costs
-€51,520
Depreciation
-€18,186
Write-downs
+€4,000
Other operating charges
+€4,019
Financial income
-€8,188
Financial charges
-€7,670
Taxes
-€245,414
Result 2025
€2.5m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4.2m
Investment
-€1.1m
Financing
-€2.5m
Cash 2024
€2.4m
From operations (derived)
+€4.2m
Net result for the year
+€2.5m
Depreciation
+€160,986
Stocks and contracts
-€437,487
Receivables within one year
-€163,903
Smaller working-capital items
-€6,157
Trade debts
+€1.0m
Tax, wage and social debts
-€72,881
Advances received
+€208,831
Other debts
+€919,326
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€92,353
Current investments
-€1.0m
Financing
-€2.5m
Debts after one year
-€119,486
Contributions, distributions and other
-€2.4m
Cash 2025
€2.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,270,597 | €7,398,755 | +€2.1m | +40.4% |
| Fixed assets | 21/28 | €599,065 | €530,431 | -€68,634 | -11.5% |
| Tangible fixed assets | 22/27 | €597,283 | €528,650 | -€68,634 | -11.5% |
| Land and buildings | 22 | €210,335 | €188,356 | -€21,978 | -10.4% |
| Plant, machinery and equipment | 23 | €253,468 | €201,604 | -€51,865 | -20.5% |
| Furniture and vehicles | 24 | €81,378 | €101,199 | +€19,821 | +24.4% |
| Leasing and similar rights | 25 | €52,103 | €37,491 | -€14,611 | -28.0% |
| Financial fixed assets | 28 | €1,781 | €1,781 | = | 0.0% |
| Current assets | 29/58 | €4,671,532 | €6,868,324 | +€2.2m | +47.0% |
| Stocks and contracts in progress | 3 | €589,357 | €1,026,844 | +€437,487 | +74.2% |
| Stocks | 30/36 | €301,552 | €824,719 | +€523,167 | +173% |
| Contracts in progress | 37 | €287,805 | €202,125 | -€85,680 | -29.8% |
| Amounts receivable within one year | 40/41 | €597,443 | €761,346 | +€163,903 | +27.4% |
| Trade receivables | 40 | €488,239 | €533,635 | +€45,396 | +9.3% |
| Other amounts receivable | 41 | €109,204 | €227,711 | +€118,507 | +109% |
| Current investments | 50/53 | €1,098,053 | €2,143,551 | +€1.0m | +95.2% |
| Cash at bank and in hand | 54/58 | €2,357,490 | €2,903,237 | +€545,747 | +23.1% |
| Deferred charges and accrued income | 490/1 | €29,189 | €33,346 | +€4,157 | +14.2% |
| Total equity and liabilities | 10/49 | €5,270,597 | €7,398,755 | +€2.1m | +40.4% |
| Equity | 10/15 | €170,829 | €356,793 | +€185,964 | +109% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,629 | €288,593 | +€185,964 | +181% |
| Amounts payable | 17/49 | €5,099,768 | €7,041,962 | +€1.9m | +38.1% |
| Amounts payable after more than one year | 17 | €1,062,801 | €943,315 | -€119,486 | -11.2% |
| Financial debts | 170/4 | €1,062,801 | €943,315 | -€119,486 | -11.2% |
| Amounts payable within one year | 42/48 | €4,034,966 | €6,098,646 | +€2.1m | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €119,486 | €119,486 | = | 0.0% |
| Trade debts | 44 | €862,031 | €1,870,435 | +€1.0m | +117% |
| Suppliers | 440/4 | €862,031 | €1,870,435 | +€1.0m | +117% |
| Advances received on contracts in progress | 46 | €1,416,202 | €1,625,033 | +€208,831 | +14.7% |
| Taxes, remuneration and social security | 45 | €193,216 | €120,335 | -€72,881 | -37.7% |
| Taxes | 450/3 | €142,418 | €67,559 | -€74,860 | -52.6% |
| Remuneration and social security | 454/9 | €50,798 | €52,776 | +€1,978 | +3.9% |
| Other amounts payable | 47/48 | €1,444,032 | €2,363,358 | +€919,326 | +63.7% |
| Accrued charges and deferred income | 492/3 | €2,000 | €0 | -€2,000 | -100% |
| Remuneration, social security and pensions | 62 | €762,983 | €814,503 | +€51,520 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,800 | €160,986 | +€18,186 | +12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,000 | €0 | -€4,000 | -100% |
| Other operating charges | 640/8 | €22,026 | €18,007 | -€4,019 | -18.2% |
| Gross operating margin | 9900 | €2,659,343 | €4,045,173 | +€1.4m | +52.1% |
| Operating profit (loss) | 9901 | €1,727,534 | €3,051,677 | +€1.3m | +76.6% |
| Financial income | 75/76B | €69,062 | €60,874 | -€8,188 | -11.9% |
| Recurring financial income | 75 | €69,062 | €60,874 | -€8,188 | -11.9% |
| Financial charges | 65/66B | €29,327 | €36,997 | +€7,670 | +26.2% |
| Recurring financial charges | 65 | €29,327 | €36,997 | +€7,670 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €1,767,269 | €3,075,554 | +€1.3m | +74.0% |
| Income taxes | 67/77 | €280,817 | €526,231 | +€245,414 | +87.4% |
| Profit (loss) for the period | 9904 | €1,486,452 | €2,549,322 | +€1.1m | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,486,452 | €2,549,322 | +€1.1m | +71.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.