INCREAT: what changed
INCREAT
Largest movements
- Cash -€53,201
down €53,201 (-72.6%), from €73,323 to €20,121
mainly Investment in fixed assets (net) (-€77,014) and Debts after one year (-€23,258)
- Tangible fixed assets +€42,614
up €42,614 (+5.4%), from €794,175 to €836,789
of which Land and buildings: +€45,662
- Receivables within one year -€20,244
down €20,244 (-44.7%), from €45,303 to €25,059
- Other debts +€26,987
up €26,987 (+6.6%), from €406,785 to €433,772
- Debts after one year -€23,258
down €23,258 (-5.4%), from €429,869 to €406,611
- Trade debts -€17,958
down €17,958 (-58.7%), from €30,609 to €12,651
- Profit (loss) carried forward -€15,635
down €15,635 (-440%), from -€3,557 to -€19,192
- Financial charges -€10,571
down €10,571 (-66.3%), from €15,953 to €5,382
- Depreciation +€8,187
up €8,187 (+31.2%), from €26,212 to €34,400
- Other operating charges +€739
up €739 (+24.1%), from €3,068 to €3,807
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €914,190 | €883,497 | -€30,693 | -3.4% |
| Fixed assets | 21/28 | €794,175 | €836,789 | +€42,614 | +5.4% |
| Tangible fixed assets | 22/27 | €794,175 | €836,789 | +€42,614 | +5.4% |
| Land and buildings | 22 | €783,429 | €829,091 | +€45,662 | +5.8% |
| Plant, machinery and equipment | 23 | €3,807 | €1,550 | -€2,257 | -59.3% |
| Furniture and vehicles | 24 | €6,939 | €6,148 | -€791 | -11.4% |
| Current assets | 29/58 | €120,015 | €46,708 | -€73,307 | -61.1% |
| Amounts receivable within one year | 40/41 | €45,303 | €25,059 | -€20,244 | -44.7% |
| Trade receivables | 40 | €45,303 | €25,059 | -€20,244 | -44.7% |
| Cash at bank and in hand | 54/58 | €73,323 | €20,121 | -€53,201 | -72.6% |
| Deferred charges and accrued income | 490/1 | €1,390 | €1,528 | +€138 | +9.9% |
| Total equity and liabilities | 10/49 | €914,190 | €883,497 | -€30,693 | -3.4% |
| Equity | 10/15 | €16,903 | €1,268 | -€15,635 | -92.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,557 | -€19,192 | -€15,635 | -440% |
| Amounts payable | 17/49 | €897,287 | €882,229 | -€15,058 | -1.7% |
| Amounts payable after more than one year | 17 | €429,869 | €406,611 | -€23,258 | -5.4% |
| Financial debts | 170/4 | €429,869 | €406,611 | -€23,258 | -5.4% |
| Amounts payable within one year | 42/48 | €467,417 | €475,618 | +€8,200 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €23,005 | €23,258 | +€253 | +1.1% |
| Trade debts | 44 | €30,609 | €12,651 | -€17,958 | -58.7% |
| Suppliers | 440/4 | €30,609 | €12,651 | -€17,958 | -58.7% |
| Taxes, remuneration and social security | 45 | €7,018 | €5,936 | -€1,082 | -15.4% |
| Taxes | 450/3 | €7,018 | €5,936 | -€1,082 | -15.4% |
| Other amounts payable | 47/48 | €406,785 | €433,772 | +€26,987 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,212 | €34,400 | +€8,187 | +31.2% |
| Other operating charges | 640/8 | €3,068 | €3,807 | +€739 | +24.1% |
| Gross operating margin | 9900 | €27,992 | €28,056 | +€64 | +0.2% |
| Operating profit (loss) | 9901 | -€1,288 | -€10,151 | -€8,863 | -688% |
| Financial income | 75/76B | €122 | €316 | +€193 | +158% |
| Recurring financial income | 75 | €122 | €316 | +€193 | +158% |
| Financial charges | 65/66B | €15,953 | €5,382 | -€10,571 | -66.3% |
| Recurring financial charges | 65 | €15,953 | €5,382 | -€10,571 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,119 | -€15,217 | +€1,902 | +11.1% |
| Income taxes | 67/77 | €163 | €418 | +€256 | +157% |
| Profit (loss) for the period | 9904 | -€17,282 | -€15,635 | +€1,647 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,282 | -€15,635 | +€1,647 | +9.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.