INCOWIL: 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.
INCOWIL
Largest movements
- Tangible fixed assets -€15,192
down €15,192 (-7.0%), from €217,831 to €202,639
of which Land and buildings: -€15,192
- Trade debts -€27,873
down €27,873 (-78.2%), from €35,628 to €7,755
- Other debts +€20,125
up €20,125 (+7.0%), from €288,689 to €308,814
- Profit (loss) carried forward -€4,477
down €4,477 (-5.0%), from -€89,811 to -€94,289
- Gross operating margin -€10,171
down €10,171 (-45.5%), from €22,374 to €12,203
- Depreciation -€5,169
down €5,169 (-25.4%), from €20,361 to €15,192
- Other operating charges -€552
down €552 (-27.9%), from €1,980 to €1,427
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,105 | €240,880 | -€12,225 | -4.8% |
| Fixed assets | 21/28 | €217,831 | €202,639 | -€15,192 | -7.0% |
| Tangible fixed assets | 22/27 | €217,831 | €202,639 | -€15,192 | -7.0% |
| Land and buildings | 22 | €217,831 | €202,639 | -€15,192 | -7.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €35,275 | €38,241 | +€2,966 | +8.4% |
| Stocks and contracts in progress | 3 | €3,993 | €5,520 | +€1,527 | +38.2% |
| Stocks | 30/36 | €3,993 | €5,520 | +€1,527 | +38.2% |
| Amounts receivable within one year | 40/41 | €29,841 | €31,522 | +€1,680 | +5.6% |
| Trade receivables | 40 | €29,841 | €31,522 | +€1,680 | +5.6% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €1,340 | €1,093 | -€247 | -18.4% |
| Deferred charges and accrued income | 490/1 | €100 | €106 | +€6 | +6.0% |
| Total equity and liabilities | 10/49 | €253,105 | €240,880 | -€12,225 | -4.8% |
| Equity | 10/15 | -€71,211 | -€75,689 | -€4,477 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,811 | -€94,289 | -€4,477 | -5.0% |
| Amounts payable | 17/49 | €324,317 | €316,569 | -€7,748 | -2.4% |
| Amounts payable within one year | 42/48 | €324,317 | €316,569 | -€7,748 | -2.4% |
| Trade debts | 44 | €35,628 | €7,755 | -€27,873 | -78.2% |
| Suppliers | 440/4 | €35,628 | €7,755 | -€27,873 | -78.2% |
| Other amounts payable | 47/48 | €288,689 | €308,814 | +€20,125 | +7.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,361 | €15,192 | -€5,169 | -25.4% |
| Other operating charges | 640/8 | €1,980 | €1,427 | -€552 | -27.9% |
| Gross operating margin | 9900 | €22,374 | €12,203 | -€10,171 | -45.5% |
| Operating profit (loss) | 9901 | €33 | -€4,416 | -€4,449 | |
| Financial charges | 65/66B | €51 | €61 | +€10 | +19.9% |
| Recurring financial charges | 65 | €51 | €61 | +€10 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | -€18 | -€4,477 | -€4,459 | -24788.3% |
| Profit (loss) for the period | 9904 | -€18 | -€4,477 | -€4,459 | -24788.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18 | -€4,477 | -€4,459 | -24788.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.