INCOSULT: 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.
INCOSULT
Largest movements
- Tangible fixed assets -€38,076
down €38,076 (-18.2%), from €209,754 to €171,678
of which Land and buildings: -€37,758
- Cash +€8,704
up €8,704 (+40.4%), from €21,566 to €30,270
mainly Depreciation (+€47,621) and Other debts (+€31,583)
- Debts after one year -€88,211
down €88,211 (-22.1%), from €399,334 to €311,123
- Other debts +€31,583
up €31,583 (+42.0%), from €75,130 to €106,713
- Tax, wage and social debts +€11,842
up €11,842 (+36.7%), from €32,254 to €44,096
- Trade debts +€9,442
up €9,442 (+395.0%), from €2,391 to €11,833
- Profit (loss) carried forward +€8,927
up €8,927 (+1.5%), from -€577,200 to -€568,273
- Gross operating margin +€15,346
up €15,346 (+16.9%), from €90,760 to €106,105
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 | €231,320 | €201,948 | -€29,372 | -12.7% |
| Fixed assets | 21/28 | €209,754 | €171,678 | -€38,076 | -18.2% |
| Tangible fixed assets | 22/27 | €209,754 | €171,678 | -€38,076 | -18.2% |
| Land and buildings | 22 | €208,801 | €171,043 | -€37,758 | -18.1% |
| Plant, machinery and equipment | 23 | €952 | €635 | -€317 | -33.3% |
| Current assets | 29/58 | €21,566 | €30,270 | +€8,704 | +40.4% |
| Cash at bank and in hand | 54/58 | €21,566 | €30,270 | +€8,704 | +40.4% |
| Total equity and liabilities | 10/49 | €231,320 | €201,948 | -€29,372 | -12.7% |
| Equity | 10/15 | -€377,754 | -€368,827 | +€8,927 | +2.4% |
| Contributions | 10/11 | €111,285 | €111,285 | = | 0.0% |
| Reserves | 13 | €88,161 | €88,161 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €86,302 | €86,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€577,200 | -€568,273 | +€8,927 | +1.5% |
| Amounts payable | 17/49 | €609,074 | €570,775 | -€38,299 | -6.3% |
| Amounts payable after more than one year | 17 | €399,334 | €311,123 | -€88,211 | -22.1% |
| Financial debts | 170/4 | €399,334 | €311,123 | -€88,211 | -22.1% |
| Amounts payable within one year | 42/48 | €209,226 | €258,834 | +€49,608 | +23.7% |
| Financial debts | 43 | €99,451 | €96,193 | -€3,258 | -3.3% |
| Credit institutions | 430/8 | €99,451 | €96,193 | -€3,258 | -3.3% |
| Trade debts | 44 | €2,391 | €11,833 | +€9,442 | +395.0% |
| Suppliers | 440/4 | €2,391 | €11,833 | +€9,442 | +395.0% |
| Taxes, remuneration and social security | 45 | €32,254 | €44,096 | +€11,842 | +36.7% |
| Taxes | 450/3 | €32,254 | €44,096 | +€11,842 | +36.7% |
| Other amounts payable | 47/48 | €75,130 | €106,713 | +€31,583 | +42.0% |
| Accrued charges and deferred income | 492/3 | €514 | €818 | +€304 | +59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,985 | €47,621 | +€636 | +1.4% |
| Other operating charges | 640/8 | €30,398 | €30,883 | +€485 | +1.6% |
| Gross operating margin | 9900 | €90,760 | €106,105 | +€15,346 | +16.9% |
| Operating profit (loss) | 9901 | €13,377 | €27,601 | +€14,224 | +106.3% |
| Financial charges | 65/66B | €7,160 | €6,832 | -€327 | -4.6% |
| Recurring financial charges | 65 | €7,160 | €6,832 | -€327 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €6,217 | €20,769 | +€14,552 | +234.1% |
| Income taxes | 67/77 | €11,300 | €11,842 | +€542 | +4.8% |
| Profit (loss) for the period | 9904 | -€5,083 | €8,927 | +€14,009 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,083 | €8,927 | +€14,009 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.