INCOSHIELD CONSTRUCT SRL: 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.
INCOSHIELD CONSTRUCT SRL
Largest movements
- Cash +€1,962
up €1,962 (+393.2%), from €499 to €2,461
mainly Depreciation (+€1,777) and Net result for the year (+€470)
- Tangible fixed assets -€1,535
down €1,535 (-26.9%), from €5,716 to €4,181
- Intangible fixed assets -€242
down €242 (-45.9%), from €527 to €285
- Stocks and contracts +€145
up €145 (+91.8%), from €158 to €303
- Profit (loss) carried forward +€470
up €470 (+38.0%), from €1,237 to €1,707
- Trade debts -€126
no longer reported in 2025 (was €126)
- Gross operating margin +€9,985
up €9,985, from -€7,368 to €2,617
- Other operating charges +€187
new in 2025: €187
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 | €8,272 | €8,615 | +€343 | +4.1% |
| Fixed assets | 21/28 | €6,303 | €4,526 | -€1,777 | -28.2% |
| Intangible fixed assets | 21 | €527 | €285 | -€242 | -45.9% |
| Tangible fixed assets | 22/27 | €5,716 | €4,181 | -€1,535 | -26.9% |
| Furniture and vehicles | 24 | €5,716 | €4,181 | -€1,535 | -26.9% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €1,969 | €4,089 | +€2,120 | +107.7% |
| Stocks and contracts in progress | 3 | €158 | €303 | +€145 | +91.8% |
| Stocks | 30/36 | €158 | €303 | +€145 | +91.8% |
| Amounts receivable within one year | 40/41 | €563 | €529 | -€34 | -6.0% |
| Other amounts receivable | 41 | €563 | €529 | -€34 | -6.0% |
| Cash at bank and in hand | 54/58 | €499 | €2,461 | +€1,962 | +393.2% |
| Deferred charges and accrued income | 490/1 | €749 | €796 | +€47 | +6.3% |
| Total equity and liabilities | 10/49 | €8,272 | €8,615 | +€343 | +4.1% |
| Equity | 10/15 | €4,737 | €5,207 | +€470 | +9.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,237 | €1,707 | +€470 | +38.0% |
| Amounts payable | 17/49 | €3,535 | €3,408 | -€127 | -3.6% |
| Amounts payable within one year | 42/48 | €3,535 | €3,408 | -€127 | -3.6% |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Taxes, remuneration and social security | 45 | €1,400 | €1,400 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €2,009 | €2,008 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,778 | €1,777 | -€1 | -0.1% |
| Other operating charges | 640/8 | - | €187 | +€187 | |
| Gross operating margin | 9900 | -€7,368 | €2,617 | +€9,985 | |
| Operating profit (loss) | 9901 | -€9,146 | €653 | +€9,799 | |
| Financial charges | 65/66B | €141 | €183 | +€42 | +29.8% |
| Recurring financial charges | 65 | €141 | €183 | +€42 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,287 | €470 | +€9,757 | |
| Profit (loss) for the period | 9904 | -€9,287 | €470 | +€9,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,287 | €470 | +€9,757 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.