INCOSA SOLUTIONS: 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.
INCOSA SOLUTIONS
Largest movements
- Receivables within one year +€284,597
up €284,597 (+184%), from €154,463 to €439,060
of which Trade receivables: +€268,878
- Stocks and contracts +€179,278
up €179,278 (+86.2%), from €207,888 to €387,167
- Cash -€131,686
down €131,686 (-50.1%), from €262,696 to €131,010
mainly Receivables within one year (-€284,597) and Stocks and contracts (-€179,278)
- Intangible fixed assets -€104,835
down €104,835 (-36.4%), from €288,067 to €183,232
- Current investments +€20,579
up €20,579 (+17.1%), from €120,000 to €140,579
- Reserves +€134,950
up €134,950 (+15.1%), from €896,658 to €1.0m
of which Distributable reserves: +€134,950
- Other debts +€100,500
up €100,500 (+218%), from €46,000 to €146,500
- Tax, wage and social debts +€19,799
up €19,799 (+52.4%), from €37,763 to €57,562
of which Taxes: +€21,303
- Gross operating margin +€162,931
up €162,931 (+37.8%), from €431,215 to €594,146
- Taxes +€37,131
up €37,131 (+11,061%), from €336 to €37,467
- Financial income +€34,754
up €34,754 (+21.9%), from €158,587 to €193,342
- Depreciation -€9,936
down €9,936 (-6.2%), from €159,135 to €149,199
- Staff costs +€8,808
up €8,808 (+2.9%), from €306,547 to €315,355
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,053,871 | €1,305,386 | +€251,516 | +23.9% |
| Fixed assets | 21/28 | €303,480 | €198,337 | -€105,143 | -34.6% |
| Intangible fixed assets | 21 | €288,067 | €183,232 | -€104,835 | -36.4% |
| Tangible fixed assets | 22/27 | €1,461 | €1,154 | -€308 | -21.1% |
| Plant, machinery and equipment | 23 | €1,461 | €1,154 | -€308 | -21.1% |
| Financial fixed assets | 28 | €13,952 | €13,952 | = | 0.0% |
| Current assets | 29/58 | €750,391 | €1,107,049 | +€356,658 | +47.5% |
| Stocks and contracts in progress | 3 | €207,888 | €387,167 | +€179,278 | +86.2% |
| Stocks | 30/36 | €207,888 | €387,167 | +€179,278 | +86.2% |
| Amounts receivable within one year | 40/41 | €154,463 | €439,060 | +€284,597 | +184% |
| Trade receivables | 40 | €154,430 | €423,309 | +€268,878 | +174% |
| Other amounts receivable | 41 | €33 | €15,751 | +€15,719 | +48,069% |
| Current investments | 50/53 | €120,000 | €140,579 | +€20,579 | +17.1% |
| Cash at bank and in hand | 54/58 | €262,696 | €131,010 | -€131,686 | -50.1% |
| Deferred charges and accrued income | 490/1 | €5,343 | €9,233 | +€3,890 | +72.8% |
| Total equity and liabilities | 10/49 | €1,053,871 | €1,305,386 | +€251,516 | +23.9% |
| Equity | 10/15 | €915,258 | €1,050,208 | +€134,950 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €896,658 | €1,031,608 | +€134,950 | +15.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €894,798 | €1,029,748 | +€134,950 | +15.1% |
| Amounts payable | 17/49 | €138,613 | €255,179 | +€116,566 | +84.1% |
| Amounts payable within one year | 42/48 | €135,713 | €252,134 | +€116,421 | +85.8% |
| Trade debts | 44 | €51,950 | €48,072 | -€3,878 | -7.5% |
| Suppliers | 440/4 | €51,950 | €48,072 | -€3,878 | -7.5% |
| Taxes, remuneration and social security | 45 | €37,763 | €57,562 | +€19,799 | +52.4% |
| Taxes | 450/3 | €853 | €22,157 | +€21,303 | +2,497% |
| Remuneration and social security | 454/9 | €36,910 | €35,405 | -€1,504 | -4.1% |
| Other amounts payable | 47/48 | €46,000 | €146,500 | +€100,500 | +218% |
| Accrued charges and deferred income | 492/3 | €2,900 | €3,045 | +€145 | +5.0% |
| Remuneration, social security and pensions | 62 | €306,547 | €315,355 | +€8,808 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,135 | €149,199 | -€9,936 | -6.2% |
| Other operating charges | 640/8 | €605 | €1,414 | +€808 | +134% |
| Gross operating margin | 9900 | €431,215 | €594,146 | +€162,931 | +37.8% |
| Operating profit (loss) | 9901 | -€35,072 | €128,179 | +€163,251 | |
| Financial income | 75/76B | €158,587 | €193,342 | +€34,754 | +21.9% |
| Recurring financial income | 75 | €158,587 | €193,342 | +€34,754 | +21.9% |
| Financial charges | 65/66B | €4,589 | €2,604 | -€1,985 | -43.3% |
| Recurring financial charges | 65 | €4,589 | €2,604 | -€1,985 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €118,926 | €318,917 | +€199,991 | +168% |
| Income taxes | 67/77 | €336 | €37,467 | +€37,131 | +11,061% |
| Profit (loss) for the period | 9904 | €118,590 | €281,450 | +€162,860 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €118,590 | €281,450 | +€162,860 | +137% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.