INCOPLAS SERVICES: 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.
INCOPLAS SERVICES
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+108%), from €1.1m to €2.3m
- Receivables within one year -€828,072
down €828,072 (-58.9%), from €1.4m to €578,781
of which Other amounts receivable: -€812,794
- Cash -€43,948
down €43,948 (-60.9%), from €72,160 to €28,212
mainly Investment in fixed assets (net) (-€1.4m) and Short-term financial debts (-€42,087)
- Profit (loss) carried forward +€384,199
up €384,199 (+20.6%), from €1.9m to €2.3m
- Short-term financial debts -€42,087
down €42,087 (-21.9%), from €192,087 to €150,000
- Gross operating margin -€55,068
down €55,068 (-5.9%), from €936,272 to €881,204
- Taxes -€38,849
down €38,849 (-22.9%), from €169,419 to €130,570
- Depreciation -€31,759
down €31,759 (-10.7%), from €295,974 to €264,216
- Other operating charges +€11,462
up €11,462 (+9.3%), from €122,807 to €134,268
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 | €2,640,711 | €2,919,787 | +€279,076 | +10.6% |
| Fixed assets | 21/28 | €1,161,697 | €2,312,794 | +€1.2m | +99.1% |
| Intangible fixed assets | 21 | €31,755 | €3,591 | -€28,164 | -88.7% |
| Tangible fixed assets | 22/27 | €1,086,928 | €2,266,189 | +€1.2m | +108% |
| Land and buildings | 22 | €1,086,928 | €2,266,189 | +€1.2m | +108% |
| Financial fixed assets | 28 | €43,014 | €43,014 | = | 0.0% |
| Current assets | 29/58 | €1,479,013 | €606,993 | -€872,020 | -59.0% |
| Amounts receivable within one year | 40/41 | €1,406,854 | €578,781 | -€828,072 | -58.9% |
| Trade receivables | 40 | €333,334 | €318,057 | -€15,278 | -4.6% |
| Other amounts receivable | 41 | €1,073,519 | €260,725 | -€812,794 | -75.7% |
| Cash at bank and in hand | 54/58 | €72,160 | €28,212 | -€43,948 | -60.9% |
| Total equity and liabilities | 10/49 | €2,640,711 | €2,919,787 | +€279,076 | +10.6% |
| Equity | 10/15 | €2,130,165 | €2,485,366 | +€355,201 | +16.7% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Capital | 10 | €95,000 | €95,000 | = | 0.0% |
| Issued capital | 100 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €168,414 | €139,416 | -€28,998 | -17.2% |
| Non-distributable reserves | 130/1 | €39,500 | €39,500 | = | 0.0% |
| Legal reserve | 130 | €39,500 | €39,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €128,914 | €99,916 | -€28,998 | -22.5% |
| Profit (loss) carried forward | 14 | €1,866,751 | €2,250,950 | +€384,199 | +20.6% |
| Provisions and deferred taxes | 16 | €53,590 | €41,162 | -€12,428 | -23.2% |
| Provisions for liabilities and charges | 160/5 | - | €41,162 | +€41,162 | |
| Other liabilities and charges | 164/5 | - | €41,162 | +€41,162 | |
| Deferred taxes | 168 | €53,590 | - | -€53,590 | |
| Amounts payable | 17/49 | €456,955 | €393,259 | -€63,697 | -13.9% |
| Amounts payable after more than one year | 17 | €94,571 | €68,764 | -€25,807 | -27.3% |
| Financial debts | 170/4 | €94,571 | €68,764 | -€25,807 | -27.3% |
| Amounts payable within one year | 42/48 | €362,384 | €324,495 | -€37,889 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €25,367 | €25,807 | +€441 | +1.7% |
| Financial debts | 43 | €192,087 | €150,000 | -€42,087 | -21.9% |
| Credit institutions | 430/8 | €192,087 | €150,000 | -€42,087 | -21.9% |
| Trade debts | 44 | €15,512 | €17,052 | +€1,540 | +9.9% |
| Suppliers | 440/4 | €15,512 | €17,052 | +€1,540 | +9.9% |
| Taxes, remuneration and social security | 45 | €124,057 | €131,636 | +€7,579 | +6.1% |
| Taxes | 450/3 | €115,270 | €131,636 | +€16,366 | +14.2% |
| Remuneration and social security | 454/9 | €8,787 | €0 | -€8,787 | -100% |
| Other amounts payable | 47/48 | €5,363 | €0 | -€5,363 | -100% |
| Remuneration, social security and pensions | 62 | €579 | €328 | -€251 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295,974 | €264,216 | -€31,759 | -10.7% |
| Other operating charges | 640/8 | €122,807 | €134,268 | +€11,462 | +9.3% |
| Gross operating margin | 9900 | €936,272 | €881,204 | -€55,068 | -5.9% |
| Operating profit (loss) | 9901 | €516,912 | €482,392 | -€34,521 | -6.7% |
| Financial charges | 65/66B | €13,061 | €9,049 | -€4,012 | -30.7% |
| Recurring financial charges | 65 | €13,061 | €9,049 | -€4,012 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €503,852 | €473,343 | -€30,509 | -6.1% |
| Transfer from deferred taxes | 780 | €28,156 | - | -€28,156 | |
| Income taxes | 67/77 | €169,419 | €130,570 | -€38,849 | -22.9% |
| Profit (loss) for the period | 9904 | €362,589 | €342,773 | -€19,816 | -5.5% |
| Transfer from tax-exempt reserves | 789 | €65,697 | €41,426 | -€24,271 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €428,286 | €384,199 | -€44,087 | -10.3% |
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 14 October 2026 via checked.be.