Incubado: what changed
Two financial 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.
Incubado
Largest movements
- Receivables within one year -€7,642
down €7,642 (-35.5%), from €21,521 to €13,879
of which Trade receivables: -€8,250
- Cash -€6,487
down €6,487 (-41.7%), from €15,569 to €9,082
mainly Trade debts (-€7,089) and Investment in fixed assets (net) (-€4,759)
- Tangible fixed assets +€3,328
up €3,328 (+45.0%), from €7,399 to €10,728
of which Land and buildings: +€2,724
- Deferred charges and accrued income -€976
down €976 (-77.0%), from €1,268 to €292
- Trade debts -€7,089
down €7,089 (-95.4%), from €7,432 to €342
- Profit (loss) carried forward -€3,543
down €3,543 (-11.1%), from €31,935 to €28,392
- Tax, wage and social debts -€705
down €705 (-74.1%), from €951 to €246
- Gross operating margin +€21,208
up €21,208 (+95.7%), from -€22,151 to -€943
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.
Derived cash bridge
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 | €45,757 | €33,981 | -€11,777 | -25.7% |
| Fixed assets | 21/28 | €7,399 | €10,728 | +€3,328 | +45.0% |
| Tangible fixed assets | 22/27 | €7,399 | €10,728 | +€3,328 | +45.0% |
| Land and buildings | 22 | €5,895 | €8,619 | +€2,724 | +46.2% |
| Furniture and vehicles | 24 | €1,504 | €2,108 | +€604 | +40.2% |
| Current assets | 29/58 | €38,358 | €23,253 | -€15,105 | -39.4% |
| Amounts receivable within one year | 40/41 | €21,521 | €13,879 | -€7,642 | -35.5% |
| Trade receivables | 40 | €8,391 | €141 | -€8,250 | -98.3% |
| Other amounts receivable | 41 | €13,131 | €13,738 | +€607 | +4.6% |
| Cash at bank and in hand | 54/58 | €15,569 | €9,082 | -€6,487 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,268 | €292 | -€976 | -77.0% |
| Total equity and liabilities | 10/49 | €45,757 | €33,981 | -€11,777 | -25.7% |
| Equity | 10/15 | €36,935 | €33,392 | -€3,543 | -9.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €31,935 | €28,392 | -€3,543 | -11.1% |
| Amounts payable | 17/49 | €8,823 | €588 | -€8,234 | -93.3% |
| Amounts payable within one year | 42/48 | €8,823 | €588 | -€8,234 | -93.3% |
| Trade debts | 44 | €7,432 | €342 | -€7,089 | -95.4% |
| Suppliers | 440/4 | €7,432 | €342 | -€7,089 | -95.4% |
| Advances received on contracts in progress | 46 | €400 | - | -€400 | |
| Taxes, remuneration and social security | 45 | €951 | €246 | -€705 | -74.1% |
| Taxes | 450/3 | €951 | €246 | -€705 | -74.1% |
| Other amounts payable | 47/48 | €39 | - | -€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,338 | €1,430 | +€92 | +6.9% |
| Other operating charges | 640/8 | €873 | €789 | -€83 | -9.5% |
| Gross operating margin | 9900 | -€22,151 | -€943 | +€21,208 | +95.7% |
| Operating profit (loss) | 9901 | -€24,362 | -€3,163 | +€21,199 | +87.0% |
| Financial income | 75/76B | €205 | €27 | -€178 | -86.7% |
| Recurring financial income | 75 | €205 | €27 | -€178 | -86.7% |
| Financial charges | 65/66B | €217 | €231 | +€14 | +6.4% |
| Recurring financial charges | 65 | €217 | €231 | +€14 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,373 | -€3,366 | +€21,007 | +86.2% |
| Income taxes | 67/77 | €140 | €176 | +€37 | +26.2% |
| Profit (loss) for the period | 9904 | -€24,513 | -€3,543 | +€20,970 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,513 | -€3,543 | +€20,970 | +85.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.