INCRESCO: what changed
What changed
INCRESCO
NACE 65.122, Insurance, reinsurance and pension funding, except compulsory social security
filed annual accounts (NBB)
Net result for the year
€780,654
2024 · €1.3m-€517,446
Equity
€32.3m
2024 · €31.5m+€780,654
Cash
-
not filed
Balance sheet total
€33.3m
2024 · €33.1m+€227,564
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+31.0%), from €3.8m to €5.0m
of which Trade receivables: +€1.2m
- Tangible fixed assets -€798,331
down €798,331 (-2.8%), from €28.6m to €27.8m
of which Land and buildings: -€798,331
Equity and liabilities
- Profit (loss) carried forward +€780,654
up €780,654 (+6.1%), from €12.8m to €13.6m
- Tax, wage and social debts -€447,004
down €447,004 (-87.1%), from €513,146 to €66,143
Income statement
- Gross operating margin -€467,553
down €467,553 (-20.3%), from €2.3m to €1.8m
- Financial income -€334,489
down €334,489 (-86.1%), from €388,696 to €54,207
- Taxes -€197,682
down €197,682 (-41.9%), from €471,970 to €274,287
- Write-downs -€78,919
down €78,919 (-67.0%), from €117,809 to €38,890
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.
Result 2024
€1.3m
Gross operating margin
-€467,553
Depreciation
+€8,658
Write-downs
+€78,919
Other operating charges
-€45
Other operating items
+€114
Financial income
-€334,489
Financial charges
-€732
Taxes
+€197,682
Result 2025
€780,654
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,076,032 | €33,303,595 | +€227,564 | +0.7% |
| Fixed assets | 21/28 | €28,559,646 | €27,761,315 | -€798,331 | -2.8% |
| Tangible fixed assets | 22/27 | €28,559,645 | €27,761,314 | -€798,331 | -2.8% |
| Land and buildings | 22 | €20,203,242 | €19,404,911 | -€798,331 | -4.0% |
| Other tangible fixed assets | 26 | €8,356,403 | €8,356,403 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €4,516,386 | €5,542,281 | +€1.0m | +22.7% |
| Stocks and contracts in progress | 3 | €362,126 | €229,615 | -€132,511 | -36.6% |
| Stocks | 30/36 | €362,126 | €229,615 | -€132,511 | -36.6% |
| Amounts receivable within one year | 40/41 | €3,789,926 | €4,963,593 | +€1.2m | +31.0% |
| Trade receivables | 40 | €399,958 | €1,609,829 | +€1.2m | +302% |
| Other amounts receivable | 41 | €3,389,968 | €3,353,764 | -€36,204 | -1.1% |
| Deferred charges and accrued income | 490/1 | €364,334 | €349,073 | -€15,261 | -4.2% |
| Total equity and liabilities | 10/49 | €33,076,032 | €33,303,595 | +€227,564 | +0.7% |
| Equity | 10/15 | €31,522,960 | €32,303,614 | +€780,654 | +2.5% |
| Contributions | 10/11 | €16,072,780 | €16,072,780 | = | 0.0% |
| Capital | 10 | €16,001,234 | €16,001,234 | = | 0.0% |
| Issued capital | 100 | €16,001,234 | €16,001,234 | = | 0.0% |
| Contributions outside capital | 11 | €71,546 | €71,546 | = | 0.0% |
| Share premium | 1100/10 | €71,546 | €71,546 | = | 0.0% |
| Reserves | 13 | €2,600,227 | €2,600,227 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,600,123 | €1,600,123 | = | 0.0% |
| Legal reserve | 130 | €1,600,123 | €1,600,123 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,000,000 | €1,000,000 | = | 0.0% |
| Distributable reserves | 133 | €104 | €104 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,849,953 | €13,630,606 | +€780,654 | +6.1% |
| Amounts payable | 17/49 | €1,553,071 | €999,982 | -€553,090 | -35.6% |
| Amounts payable within one year | 42/48 | €807,317 | €234,556 | -€572,761 | -70.9% |
| Trade debts | 44 | €294,170 | €168,413 | -€125,758 | -42.7% |
| Suppliers | 440/4 | €294,170 | €168,413 | -€125,758 | -42.7% |
| Taxes, remuneration and social security | 45 | €513,146 | €66,143 | -€447,004 | -87.1% |
| Taxes | 450/3 | €513,146 | €66,143 | -€447,004 | -87.1% |
| Accrued charges and deferred income | 492/3 | €745,755 | €765,426 | +€19,671 | +2.6% |
| Non-recurring operating income | 76A | - | €5,480 | +€5,480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €806,989 | €798,331 | -€8,658 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €117,809 | €38,890 | -€78,919 | -67.0% |
| Other operating charges | 640/8 | €960 | €1,006 | +€45 | +4.7% |
| Non-recurring operating charges | 66A | €114 | - | -€114 | |
| Gross operating margin | 9900 | €2,307,929 | €1,840,376 | -€467,553 | -20.3% |
| Operating profit (loss) | 9901 | €1,382,057 | €1,002,149 | -€379,908 | -27.5% |
| Financial income | 75/76B | €388,696 | €54,207 | -€334,489 | -86.1% |
| Recurring financial income | 75 | €388,696 | €54,207 | -€334,489 | -86.1% |
| Financial charges | 65/66B | €684 | €1,415 | +€732 | +107% |
| Recurring financial charges | 65 | €684 | €1,415 | +€732 | +107% |
| Profit (loss) for the period before taxes | 9903 | €1,770,069 | €1,054,941 | -€715,129 | -40.4% |
| Income taxes | 67/77 | €471,970 | €274,287 | -€197,682 | -41.9% |
| Profit (loss) for the period | 9904 | €1,298,100 | €780,654 | -€517,446 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,298,100 | €780,654 | -€517,446 | -39.9% |
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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 2 November 2026 via checked.be.