INCONET: 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.
INCONET
Largest movements
- Cash +€31,297
up €31,297 (+12.1%), from €259,017 to €290,315
mainly Net result for the year (+€66,226) and Depreciation (+€13,646)
- Tangible fixed assets -€13,646
down €13,646 (-29.4%), from €46,396 to €32,750
of which Furniture and vehicles: -€12,415
- Reserves +€11,434
up €11,434 (+3.7%), from €309,435 to €320,869
of which Distributable reserves: +€11,434
- Tax, wage and social debts +€4,204
up €4,204 (+25.8%), from €16,321 to €20,526
of which Taxes: +€4,188
- Gross operating margin -€29,258
down €29,258 (-20.4%), from €143,069 to €113,812
- Taxes -€9,677
down €9,677 (-26.9%), from €35,947 to €26,271
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.
Cash bridge derived
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 | €349,221 | €365,587 | +€16,366 | +4.7% |
| Fixed assets | 21/28 | €46,396 | €32,750 | -€13,646 | -29.4% |
| Tangible fixed assets | 22/27 | €46,396 | €32,750 | -€13,646 | -29.4% |
| Plant, machinery and equipment | 23 | €3,163 | €2,321 | -€842 | -26.6% |
| Furniture and vehicles | 24 | €40,001 | €27,586 | -€12,415 | -31.0% |
| Other tangible fixed assets | 26 | €3,232 | €2,843 | -€389 | -12.0% |
| Current assets | 29/58 | €302,825 | €332,837 | +€30,012 | +9.9% |
| Stocks and contracts in progress | 3 | €8,956 | €9,254 | +€298 | +3.3% |
| Stocks | 30/36 | €8,956 | €9,254 | +€298 | +3.3% |
| Amounts receivable within one year | 40/41 | €33,500 | €31,853 | -€1,647 | -4.9% |
| Trade receivables | 40 | €33,500 | €31,853 | -€1,647 | -4.9% |
| Cash at bank and in hand | 54/58 | €259,017 | €290,315 | +€31,297 | +12.1% |
| Deferred charges and accrued income | 490/1 | €1,351 | €1,415 | +€64 | +4.7% |
| Total equity and liabilities | 10/49 | €349,221 | €365,587 | +€16,366 | +4.7% |
| Equity | 10/15 | €309,435 | €320,869 | +€11,434 | +3.7% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €309,435 | €320,869 | +€11,434 | +3.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €309,435 | €320,869 | +€11,434 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,786 | €44,718 | +€4,932 | +12.4% |
| Amounts payable within one year | 42/48 | €20,437 | €25,001 | +€4,564 | +22.3% |
| Trade debts | 44 | €4,116 | €4,476 | +€360 | +8.7% |
| Suppliers | 440/4 | €4,116 | €4,476 | +€360 | +8.7% |
| Taxes, remuneration and social security | 45 | €16,321 | €20,526 | +€4,204 | +25.8% |
| Taxes | 450/3 | €15,260 | €19,448 | +€4,188 | +27.4% |
| Remuneration and social security | 454/9 | €1,061 | €1,078 | +€17 | +1.6% |
| Accrued charges and deferred income | 492/3 | €19,349 | €19,717 | +€368 | +1.9% |
| Remuneration, social security and pensions | 62 | €8,101 | €8,785 | +€685 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,525 | €13,646 | +€121 | +0.9% |
| Other operating charges | 640/8 | €1,144 | €1,174 | +€30 | +2.7% |
| Gross operating margin | 9900 | €143,069 | €113,812 | -€29,258 | -20.4% |
| Operating profit (loss) | 9901 | €120,299 | €90,206 | -€30,094 | -25.0% |
| Financial income | 75/76B | €2,821 | €2,376 | -€444 | -15.8% |
| Recurring financial income | 75 | €2,821 | €2,376 | -€444 | -15.8% |
| Financial charges | 65/66B | €152 | €85 | -€67 | -43.8% |
| Recurring financial charges | 65 | €152 | €85 | -€67 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €122,968 | €92,496 | -€30,472 | -24.8% |
| Income taxes | 67/77 | €35,947 | €26,271 | -€9,677 | -26.9% |
| Profit (loss) for the period | 9904 | €87,021 | €66,226 | -€20,795 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,021 | €66,226 | -€20,795 | -23.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.