INCON: 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.
INCON
Largest movements
- Stocks and contracts -€34,274
down €34,274 (-21.7%), from €158,011 to €123,737
- Tangible fixed assets +€23,202
up €23,202 (+107.9%), from €21,496 to €44,698
of which Furniture and vehicles: +€23,626
- Cash +€11,534
up €11,534 (+266.2%), from €4,333 to €15,867
mainly Stocks and contracts (+€34,274) and Net result for the year (+€32,437)
- Deferred charges and accrued income +€1,997
up €1,997 (+108.7%), from €1,837 to €3,834
- Other debts -€33,044
down €33,044 (-30.2%), from €109,378 to €76,334
- Profit (loss) carried forward +€32,437
up €32,437 (+736.7%), from €4,403 to €36,840
- Short-term financial debts -€17,357
no longer reported in 2024 (was €17,357)
- Debts after one year +€10,355
new in 2024: €10,355
- Current portion of long-term debt +€6,506
new in 2024: €6,506
- Staff costs -€16,926
down €16,926 (-60.2%), from €28,116 to €11,190
- Turnover -€11,716
down €11,716 (-4.7%), from €251,429 to €239,713
- Purchases and services -€10,029
down €10,029 (-5.5%), from €183,350 to €173,321
- Depreciation +€4,006
up €4,006 (+234.7%), from €1,707 to €5,713
- Taxes +€2,572
up €2,572 (+26.2%), from €9,822 to €12,394
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 | €187,075 | €190,433 | +€3,358 | +1.8% |
| Fixed assets | 21/28 | €21,496 | €44,698 | +€23,202 | +107.9% |
| Tangible fixed assets | 22/27 | €21,496 | €44,698 | +€23,202 | +107.9% |
| Plant, machinery and equipment | 23 | €1,729 | €1,305 | -€424 | -24.5% |
| Furniture and vehicles | 24 | €19,767 | €43,393 | +€23,626 | +119.5% |
| Current assets | 29/58 | €165,579 | €145,735 | -€19,844 | -12.0% |
| Stocks and contracts in progress | 3 | €158,011 | €123,737 | -€34,274 | -21.7% |
| Stocks | 30/36 | €158,011 | €123,737 | -€34,274 | -21.7% |
| Amounts receivable within one year | 40/41 | €1,398 | €1,797 | +€399 | +28.5% |
| Trade receivables | 40 | €1,398 | €1,797 | +€399 | +28.5% |
| Current investments | 50/53 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €4,333 | €15,867 | +€11,534 | +266.2% |
| Deferred charges and accrued income | 490/1 | €1,837 | €3,834 | +€1,997 | +108.7% |
| Total equity and liabilities | 10/49 | €187,075 | €190,433 | +€3,358 | +1.8% |
| Equity | 10/15 | €35,439 | €67,876 | +€32,437 | +91.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,444 | €12,444 | = | 0.0% |
| Distributable reserves | 133 | €12,444 | €12,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,403 | €36,840 | +€32,437 | +736.7% |
| Amounts payable | 17/49 | €151,636 | €122,557 | -€29,079 | -19.2% |
| Amounts payable after more than one year | 17 | - | €10,355 | +€10,355 | |
| Financial debts | 170/4 | - | €10,355 | +€10,355 | |
| Amounts payable within one year | 42/48 | €151,636 | €112,202 | -€39,434 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,506 | +€6,506 | |
| Financial debts | 43 | €17,357 | - | -€17,357 | |
| Credit institutions | 430/8 | €17,357 | - | -€17,357 | |
| Trade debts | 44 | €7,900 | €6,305 | -€1,595 | -20.2% |
| Suppliers | 440/4 | €7,900 | €6,305 | -€1,595 | -20.2% |
| Taxes, remuneration and social security | 45 | €17,001 | €23,057 | +€6,056 | +35.6% |
| Taxes | 450/3 | €15,445 | €20,695 | +€5,250 | +34.0% |
| Remuneration and social security | 454/9 | €1,556 | €2,362 | +€806 | +51.8% |
| Other amounts payable | 47/48 | €109,378 | €76,334 | -€33,044 | -30.2% |
| Turnover | 70 | €251,429 | €239,713 | -€11,716 | -4.7% |
| Non-recurring operating income | 76A | - | €7,446 | +€7,446 | |
| Goods, raw materials, services and sundry goods | 60/61 | €183,350 | €173,321 | -€10,029 | -5.5% |
| Remuneration, social security and pensions | 62 | €28,116 | €11,190 | -€16,926 | -60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,707 | €5,713 | +€4,006 | +234.7% |
| Other operating charges | 640/8 | €722 | €726 | +€4 | +0.6% |
| Gross operating margin | 9900 | €68,079 | €66,392 | -€1,687 | -2.5% |
| Operating profit (loss) | 9901 | €37,534 | €48,763 | +€11,229 | +29.9% |
| Financial charges | 65/66B | €4,214 | €3,932 | -€282 | -6.7% |
| Recurring financial charges | 65 | €4,214 | €3,932 | -€282 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €33,320 | €44,831 | +€11,511 | +34.5% |
| Income taxes | 67/77 | €9,822 | €12,394 | +€2,572 | +26.2% |
| Profit (loss) for the period | 9904 | €23,498 | €32,437 | +€8,939 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,498 | €32,437 | +€8,939 | +38.0% |
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 7 October 2026 via checked.be.