INCREMENTUM INVEST: what changed
INCREMENTUM INVEST
Largest movements
- Receivables within one year -€145,782
down €145,782 (-63.9%), from €228,210 to €82,428
of which Other amounts receivable: -€140,147
- Cash -€6,235
down €6,235 (-12.5%), from €49,737 to €43,503
mainly Contributions, distributions and other (-€250,000) and Investment in fixed assets (net) (-€4,938)
- Reserves -€200,278
down €200,278 (-70.8%), from €282,729 to €82,451
- Tax, wage and social debts +€45,186
up €45,186 (+425%), from €10,624 to €55,810
- Gross operating margin -€12,045
down €12,045 (-13.9%), from €86,591 to €74,545
- Financial income -€9,317
down €9,317 (-72.6%), from €12,828 to €3,511
- Taxes -€5,819
down €5,819 (-25.6%), from €22,736 to €16,917
- Depreciation +€1,860
up €1,860 (+38.2%), from €4,873 to €6,733
- Other operating charges +€893
up €893 (+40.5%), from €2,206 to €3,099
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 | €330,907 | €176,784 | -€154,123 | -46.6% |
| Fixed assets | 21/28 | €52,649 | €50,854 | -€1,795 | -3.4% |
| Tangible fixed assets | 22/27 | €22,649 | €20,854 | -€1,795 | -7.9% |
| Furniture and vehicles | 24 | €2,444 | €1,644 | -€800 | -32.7% |
| Other tangible fixed assets | 26 | €20,205 | €19,210 | -€995 | -4.9% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €278,258 | €125,930 | -€152,328 | -54.7% |
| Amounts receivable within one year | 40/41 | €228,210 | €82,428 | -€145,782 | -63.9% |
| Trade receivables | 40 | €34,963 | €29,327 | -€5,636 | -16.1% |
| Other amounts receivable | 41 | €193,247 | €53,100 | -€140,147 | -72.5% |
| Cash at bank and in hand | 54/58 | €49,737 | €43,503 | -€6,235 | -12.5% |
| Deferred charges and accrued income | 490/1 | €311 | €0 | -€311 | -100% |
| Total equity and liabilities | 10/49 | €330,907 | €176,784 | -€154,123 | -46.6% |
| Equity | 10/15 | €287,729 | €87,451 | -€200,278 | -69.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €282,729 | €82,451 | -€200,278 | -70.8% |
| Distributable reserves | 133 | €282,729 | €82,451 | -€200,278 | -70.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €43,178 | €89,333 | +€46,155 | +107% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,659 | €59,333 | +€47,674 | +409% |
| Trade debts | 44 | €1,035 | €3,523 | +€2,488 | +240% |
| Suppliers | 440/4 | €1,035 | €3,523 | +€2,488 | +240% |
| Taxes, remuneration and social security | 45 | €10,624 | €55,810 | +€45,186 | +425% |
| Taxes | 450/3 | €10,624 | €55,810 | +€45,186 | +425% |
| Accrued charges and deferred income | 492/3 | €1,519 | €0 | -€1,519 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,873 | €6,733 | +€1,860 | +38.2% |
| Other operating charges | 640/8 | €2,206 | €3,099 | +€893 | +40.5% |
| Gross operating margin | 9900 | €86,591 | €74,545 | -€12,045 | -13.9% |
| Operating profit (loss) | 9901 | €79,512 | €64,714 | -€14,798 | -18.6% |
| Financial income | 75/76B | €12,828 | €3,511 | -€9,317 | -72.6% |
| Recurring financial income | 75 | €12,828 | €3,511 | -€9,317 | -72.6% |
| Financial charges | 65/66B | €868 | €1,585 | +€717 | +82.6% |
| Recurring financial charges | 65 | €868 | €1,585 | +€717 | +82.6% |
| Profit (loss) for the period before taxes | 9903 | €91,472 | €66,639 | -€24,833 | -27.1% |
| Income taxes | 67/77 | €22,736 | €16,917 | -€5,819 | -25.6% |
| Profit (loss) for the period | 9904 | €68,736 | €49,722 | -€19,014 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,736 | €49,722 | -€19,014 | -27.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.