INCOTECH: 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.
INCOTECH
Largest movements
- Cash -€7,994
down €7,994 (-11.8%), from €67,891 to €59,897
mainly Net result for the year (-€10,929) and Deferred charges and accrued income (-€1)
- Tangible fixed assets -€2,410
down €2,410 (-49.4%), from €4,881 to €2,471
- Profit (loss) carried forward -€10,929
down €10,929 (-22.7%), from -€48,153 to -€59,082
- Gross operating margin -€4,571
down €4,571 (-280%), from -€1,634 to -€6,205
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 | €72,788 | €62,386 | -€10,402 | -14.3% |
| Fixed assets | 21/28 | €4,881 | €2,471 | -€2,410 | -49.4% |
| Tangible fixed assets | 22/27 | €4,881 | €2,471 | -€2,410 | -49.4% |
| Land and buildings | 22 | €4,881 | €2,471 | -€2,410 | -49.4% |
| Current assets | 29/58 | €67,907 | €59,915 | -€7,993 | -11.8% |
| Cash at bank and in hand | 54/58 | €67,891 | €59,897 | -€7,994 | -11.8% |
| Deferred charges and accrued income | 490/1 | €16 | €18 | +€1 | +7.2% |
| Total equity and liabilities | 10/49 | €72,788 | €62,386 | -€10,402 | -14.3% |
| Equity | 10/15 | €72,720 | €61,791 | -€10,929 | -15.0% |
| Contributions | 10/11 | €90,481 | €90,481 | = | 0.0% |
| Capital | 10 | €90,481 | €90,481 | = | 0.0% |
| Issued capital | 100 | €90,481 | €90,481 | = | 0.0% |
| Reserves | 13 | €30,392 | €30,392 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,003 | €12,003 | = | 0.0% |
| Distributable reserves | 133 | €8,473 | €8,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,153 | -€59,082 | -€10,929 | -22.7% |
| Amounts payable | 17/49 | €68 | €595 | +€527 | +771% |
| Amounts payable within one year | 42/48 | €68 | €595 | +€527 | +771% |
| Trade debts | 44 | €11 | €538 | +€527 | +4,617% |
| Suppliers | 440/4 | €11 | €538 | +€527 | +4,617% |
| Other amounts payable | 47/48 | €57 | €57 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,353 | €2,410 | +€57 | +2.4% |
| Other operating charges | 640/8 | €2,349 | €2,294 | -€55 | -2.3% |
| Gross operating margin | 9900 | -€1,634 | -€6,205 | -€4,571 | -280% |
| Operating profit (loss) | 9901 | -€6,336 | -€10,909 | -€4,573 | -72.2% |
| Financial charges | 65/66B | €70 | €20 | -€50 | -71.4% |
| Recurring financial charges | 65 | €70 | €20 | -€50 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,406 | -€10,929 | -€4,523 | -70.6% |
| Profit (loss) for the period | 9904 | -€6,406 | -€10,929 | -€4,523 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,406 | -€10,929 | -€4,523 | -70.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.