INCRIUS: 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.
INCRIUS
Largest movements
- Cash -€45,088
down €45,088 (-37.1%), from €121,442 to €76,354
mainly Trade debts (-€124,220) and Advances received (-€44,737)
- Receivables within one year -€39,031
down €39,031 (-8.7%), from €446,265 to €407,233
of which Trade receivables: -€25,644
- Stocks and contracts -€16,697
down €16,697 (-48.8%), from €34,198 to €17,500
- Tangible fixed assets -€15,085
down €15,085 (-37.4%), from €40,358 to €25,273
of which Furniture and vehicles: -€14,066
- Trade debts -€124,220
down €124,220 (-41.8%), from €297,380 to €173,160
- Advances received -€44,737
down €44,737 (-52.6%), from €84,986 to €40,249
- Other debts +€43,000
new in 2025: €43,000
- Tax, wage and social debts -€20,868
down €20,868 (-17.3%), from €120,501 to €99,634
of which Taxes: -€14,734
- Profit (loss) carried forward +€15,287
up €15,287 (+6.2%), from €244,921 to €260,208
- Staff costs -€17,134
down €17,134 (-2.1%), from €830,660 to €813,526
- Gross operating margin +€16,378
up €16,378 (+1.9%), from €842,303 to €858,681
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.
Cash bridge derived
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 | €919,331 | €801,908 | -€117,423 | -12.8% |
| Fixed assets | 21/28 | €40,358 | €25,273 | -€15,085 | -37.4% |
| Tangible fixed assets | 22/27 | €40,358 | €25,273 | -€15,085 | -37.4% |
| Plant, machinery and equipment | 23 | €7,598 | €6,783 | -€815 | -10.7% |
| Furniture and vehicles | 24 | €30,967 | €16,900 | -€14,066 | -45.4% |
| Other tangible fixed assets | 26 | €1,793 | €1,589 | -€204 | -11.4% |
| Current assets | 29/58 | €878,973 | €776,636 | -€102,337 | -11.6% |
| Amounts receivable after more than one year | 29 | €254,794 | €257,980 | +€3,187 | +1.3% |
| Other amounts receivable | 291 | €254,794 | €257,980 | +€3,187 | +1.3% |
| Stocks and contracts in progress | 3 | €34,198 | €17,500 | -€16,697 | -48.8% |
| Stocks | 30/36 | €34,198 | €17,500 | -€16,697 | -48.8% |
| Amounts receivable within one year | 40/41 | €446,265 | €407,233 | -€39,031 | -8.7% |
| Trade receivables | 40 | €431,712 | €406,068 | -€25,644 | -5.9% |
| Other amounts receivable | 41 | €14,552 | €1,166 | -€13,387 | -92.0% |
| Cash at bank and in hand | 54/58 | €121,442 | €76,354 | -€45,088 | -37.1% |
| Deferred charges and accrued income | 490/1 | €22,275 | €17,568 | -€4,707 | -21.1% |
| Total equity and liabilities | 10/49 | €919,331 | €801,908 | -€117,423 | -12.8% |
| Equity | 10/15 | €355,630 | €370,917 | +€15,287 | +4.3% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €11,552 | €11,552 | = | 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 | €1,636 | €1,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,921 | €260,208 | +€15,287 | +6.2% |
| Amounts payable | 17/49 | €563,700 | €430,991 | -€132,710 | -23.5% |
| Amounts payable within one year | 42/48 | €539,037 | €392,545 | -€146,492 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €7,064 | €6,502 | -€562 | -8.0% |
| Financial debts | 43 | €29,106 | €30,000 | +€894 | +3.1% |
| Credit institutions | 430/8 | €29,106 | €30,000 | +€894 | +3.1% |
| Trade debts | 44 | €297,380 | €173,160 | -€124,220 | -41.8% |
| Suppliers | 440/4 | €297,380 | €173,160 | -€124,220 | -41.8% |
| Advances received on contracts in progress | 46 | €84,986 | €40,249 | -€44,737 | -52.6% |
| Taxes, remuneration and social security | 45 | €120,501 | €99,634 | -€20,868 | -17.3% |
| Taxes | 450/3 | €38,799 | €24,064 | -€14,734 | -38.0% |
| Remuneration and social security | 454/9 | €81,703 | €75,569 | -€6,133 | -7.5% |
| Other amounts payable | 47/48 | - | €43,000 | +€43,000 | |
| Accrued charges and deferred income | 492/3 | €24,664 | €38,446 | +€13,783 | +55.9% |
| Non-recurring operating income | 76A | - | €698 | +€698 | |
| Remuneration, social security and pensions | 62 | €830,660 | €813,526 | -€17,134 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,695 | €12,592 | -€3,103 | -19.8% |
| Other operating charges | 640/8 | €2,948 | €3,490 | +€542 | +18.4% |
| Gross operating margin | 9900 | €842,303 | €858,681 | +€16,378 | +1.9% |
| Operating profit (loss) | 9901 | -€7,000 | €29,074 | +€36,073 | |
| Financial income | 75/76B | €3,847 | €4,160 | +€314 | +8.2% |
| Recurring financial income | 75 | €3,847 | €4,160 | +€314 | +8.2% |
| Financial charges | 65/66B | €5,242 | €5,566 | +€324 | +6.2% |
| Recurring financial charges | 65 | €5,242 | €5,566 | +€324 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,395 | €27,668 | +€36,063 | |
| Income taxes | 67/77 | €15,262 | €12,381 | -€2,881 | -18.9% |
| Profit (loss) for the period | 9904 | -€23,656 | €15,287 | +€38,943 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,656 | €15,287 | +€38,943 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.