Incrocio: 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.
Incrocio
Largest movements
- Tangible fixed assets -€77,526
down €77,526 (-6.3%), from €1.2m to €1.2m
of which Land and buildings: -€76,004
- Other debts -€93,000
down €93,000 (-79.0%), from €117,682 to €24,682
- Gross operating margin +€35,014
up €35,014 (+46.7%), from €75,051 to €110,065
- Depreciation +€21,495
up €21,495 (+38.4%), from €56,031 to €77,526
- Financial charges +€10,029
up €10,029 (+98.7%), from €10,161 to €20,190
- Other operating charges +€2,144
up €2,144 (+29.6%), from €7,242 to €9,385
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 | €1,362,585 | €1,282,708 | -€79,877 | -5.9% |
| Fixed assets | 21/28 | €1,231,222 | €1,153,696 | -€77,526 | -6.3% |
| Tangible fixed assets | 22/27 | €1,231,222 | €1,153,696 | -€77,526 | -6.3% |
| Land and buildings | 22 | €1,225,550 | €1,149,545 | -€76,004 | -6.2% |
| Plant, machinery and equipment | 23 | €5,672 | €4,150 | -€1,522 | -26.8% |
| Current assets | 29/58 | €131,363 | €129,012 | -€2,351 | -1.8% |
| Amounts receivable within one year | 40/41 | €3,834 | €0 | -€3,834 | -100.0% |
| Other amounts receivable | 41 | €3,834 | €0 | -€3,834 | -100.0% |
| Cash at bank and in hand | 54/58 | €127,529 | €128,992 | +€1,463 | +1.1% |
| Deferred charges and accrued income | 490/1 | - | €20 | +€20 | |
| Total equity and liabilities | 10/49 | €1,362,585 | €1,282,708 | -€79,877 | -5.9% |
| Equity | 10/15 | €519,581 | €522,545 | +€2,963 | +0.6% |
| Contributions | 10/11 | €580,000 | €580,000 | = | 0.0% |
| Capital | 10 | €580,000 | €580,000 | = | 0.0% |
| Issued capital | 100 | €580,000 | €580,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,419 | -€57,455 | +€2,963 | +4.9% |
| Amounts payable | 17/49 | €843,004 | €760,163 | -€82,841 | -9.8% |
| Amounts payable after more than one year | 17 | €715,000 | €715,000 | = | 0.0% |
| Financial debts | 170/4 | €715,000 | €715,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €118,004 | €25,163 | -€92,841 | -78.7% |
| Trade debts | 44 | €322 | €481 | +€159 | +49.4% |
| Suppliers | 440/4 | €322 | €481 | +€159 | +49.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €117,682 | €24,682 | -€93,000 | -79.0% |
| Accrued charges and deferred income | 492/3 | €10,000 | €20,000 | +€10,000 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,031 | €77,526 | +€21,495 | +38.4% |
| Other operating charges | 640/8 | €7,242 | €9,385 | +€2,144 | +29.6% |
| Gross operating margin | 9900 | €75,051 | €110,065 | +€35,014 | +46.7% |
| Operating profit (loss) | 9901 | €11,779 | €23,154 | +€11,375 | +96.6% |
| Financial income | 75/76B | €58 | €0 | -€58 | -100.0% |
| Recurring financial income | 75 | €58 | €0 | -€58 | -100.0% |
| Financial charges | 65/66B | €10,161 | €20,190 | +€10,029 | +98.7% |
| Recurring financial charges | 65 | €10,161 | €20,190 | +€10,029 | +98.7% |
| Profit (loss) for the period before taxes | 9903 | €1,675 | €2,963 | +€1,288 | +76.9% |
| Profit (loss) for the period | 9904 | €1,675 | €2,963 | +€1,288 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,675 | €2,963 | +€1,288 | +76.9% |
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 6 October 2026 via checked.be.