INCON: what changed
What changed
INCON
NACE 64.999, Other financial services
filed annual accounts (NBB)
Net result for the year
€276,262
2024 · €470,520-€194,259
Equity
€12.4m
2024 · €12.1m+€276,262
Cash
€627,614
2024 · €176,063+€451,550
Balance sheet total
€12.4m
2024 · €12.2m+€201,138
Largest movements
Assets
- Cash +€451,550
up €451,550 (+256%), from €176,063 to €627,614
mainly Net result for the year (+€276,262) and Current investments (+€270,815)
- Current investments -€270,815
down €270,815 (-4.8%), from €5.7m to €5.4m
Equity and liabilities
- Profit (loss) carried forward +€276,262
up €276,262 (+2.3%), from €12.1m to €12.4m
Income statement
- Financial income -€182,027
down €182,027 (-43.1%), from €422,676 to €240,649
- Turnover -€85,998
down €85,998 (-35.5%), from €242,398 to €156,400
- Gross operating margin -€65,122
down €65,122 (-31.3%), from €208,269 to €143,148
- Taxes -€62,986
down €62,986 (-40.1%), from €157,102 to €94,116
- Purchases and services -€20,876
down €20,876 (-61.2%), from €34,129 to €13,252
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
€470,520
Gross operating margin
-€65,122
Depreciation
-€442
Other operating charges
-€32
Financial income
-€182,027
Financial charges
-€9,622
Taxes
+€62,986
Result 2025
€276,262
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
+€211,014
Investment
+€240,536
Financing
€0
Cash 2024
€176,063
From operations (derived)
+€211,014
Net result for the year
+€276,262
Depreciation
+€2,653
Receivables within one year
+€7,223
Tax, wage and social debts
-€5,319
Accrued charges and deferred income
-€69,805
Investment (derived)
+€240,536
Investment in fixed assets (net)
-€30,279
Current investments
+€270,815
Cash 2025
€627,614
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,200,062 | €12,401,200 | +€201,138 | +1.6% |
| Fixed assets | 21/28 | €6,326,473 | €6,354,099 | +€27,626 | +0.4% |
| Tangible fixed assets | 22/27 | €156,254 | €153,601 | -€2,653 | -1.7% |
| Land and buildings | 22 | €145,200 | €145,200 | = | 0.0% |
| Furniture and vehicles | 24 | €11,054 | €8,401 | -€2,653 | -24.0% |
| Financial fixed assets | 28 | €6,170,219 | €6,200,498 | +€30,279 | +0.5% |
| Current assets | 29/58 | €5,873,588 | €6,047,101 | +€173,512 | +3.0% |
| Amounts receivable within one year | 40/41 | €38,683 | €31,460 | -€7,223 | -18.7% |
| Trade receivables | 40 | €16,133 | €31,460 | +€15,327 | +95.0% |
| Other amounts receivable | 41 | €22,549 | - | -€22,549 | |
| Current investments | 50/53 | €5,658,843 | €5,388,027 | -€270,815 | -4.8% |
| Cash at bank and in hand | 54/58 | €176,063 | €627,614 | +€451,550 | +256% |
| Total equity and liabilities | 10/49 | €12,200,062 | €12,401,200 | +€201,138 | +1.6% |
| Equity | 10/15 | €12,114,102 | €12,390,364 | +€276,262 | +2.3% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,093,651 | €12,369,913 | +€276,262 | +2.3% |
| Amounts payable | 17/49 | €85,959 | €10,836 | -€75,123 | -87.4% |
| Amounts payable within one year | 42/48 | €7,372 | €2,053 | -€5,319 | -72.1% |
| Taxes, remuneration and social security | 45 | €7,372 | €2,053 | -€5,319 | -72.1% |
| Taxes | 450/3 | €7,372 | €2,053 | -€5,319 | -72.1% |
| Accrued charges and deferred income | 492/3 | €78,587 | €8,783 | -€69,805 | -88.8% |
| Turnover | 70 | €242,398 | €156,400 | -€85,998 | -35.5% |
| Non-recurring operating income | 76A | €8,398 | - | -€8,398 | |
| Goods, raw materials, services and sundry goods | 60/61 | €34,129 | €13,252 | -€20,876 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,211 | €2,653 | +€442 | +20.0% |
| Other operating charges | 640/8 | €986 | €1,018 | +€32 | +3.2% |
| Gross operating margin | 9900 | €208,269 | €143,148 | -€65,122 | -31.3% |
| Operating profit (loss) | 9901 | €205,073 | €139,477 | -€65,596 | -32.0% |
| Financial income | 75/76B | €422,676 | €240,649 | -€182,027 | -43.1% |
| Recurring financial income | 75 | €422,676 | €240,649 | -€182,027 | -43.1% |
| Financial charges | 65/66B | €126 | €9,748 | +€9,622 | +7,633% |
| Recurring financial charges | 65 | €126 | €9,748 | +€9,622 | +7,633% |
| Profit (loss) for the period before taxes | 9903 | €627,623 | €370,378 | -€257,245 | -41.0% |
| Income taxes | 67/77 | €157,102 | €94,116 | -€62,986 | -40.1% |
| Profit (loss) for the period | 9904 | €470,520 | €276,262 | -€194,259 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €470,520 | €276,262 | -€194,259 | -41.3% |
Next steps
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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 2 November 2026 via checked.be.