INCUBAID: 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.
INCUBAID
Largest movements
- Cash +€823
up €823 (+2,903%), from €28 to €851
mainly Short-term financial debts (+€4,033)
- Receivables within one year +€344
up €344 (+4.4%), from €7,887 to €8,230
of which Trade receivables: +€1,000
- Short-term financial debts +€4,033
new in 2025: €4,033
- Profit (loss) carried forward -€2,201
down €2,201 (-0.3%), from -€773,797 to -€775,998
- Trade debts -€666
down €666 (-71.1%), from €937 to €271
- Financial charges +€272
up €272 (+21.3%), from €1,273 to €1,544
- Gross operating margin -€65
down €65 (-218%), from -€30 to -€95
- Other operating charges +€14
up €14 (+2.5%), from €548 to €561
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 | €26,514 | €27,680 | +€1,166 | +4.4% |
| Fixed assets | 21/28 | €18,599 | €18,599 | = | 0.0% |
| Financial fixed assets | 28 | €18,599 | €18,599 | = | 0.0% |
| Current assets | 29/58 | €7,915 | €9,081 | +€1,166 | +14.7% |
| Amounts receivable within one year | 40/41 | €7,887 | €8,230 | +€344 | +4.4% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €7,887 | €7,230 | -€656 | -8.3% |
| Cash at bank and in hand | 54/58 | €28 | €851 | +€823 | +2,903% |
| Total equity and liabilities | 10/49 | €26,514 | €27,680 | +€1,166 | +4.4% |
| Equity | 10/15 | €25,577 | €23,376 | -€2,201 | -8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €793,174 | €793,174 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €791,314 | €791,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€773,797 | -€775,998 | -€2,201 | -0.3% |
| Amounts payable | 17/49 | €937 | €4,304 | +€3,367 | +359% |
| Amounts payable within one year | 42/48 | €937 | €4,304 | +€3,367 | +359% |
| Financial debts | 43 | - | €4,033 | +€4,033 | |
| Other loans | 439 | - | €4,033 | +€4,033 | |
| Trade debts | 44 | €937 | €271 | -€666 | -71.1% |
| Suppliers | 440/4 | €937 | €271 | -€666 | -71.1% |
| Other operating charges | 640/8 | €548 | €561 | +€14 | +2.5% |
| Gross operating margin | 9900 | -€30 | -€95 | -€65 | -218% |
| Operating profit (loss) | 9901 | -€578 | -€656 | -€79 | -13.6% |
| Financial charges | 65/66B | €1,273 | €1,544 | +€272 | +21.3% |
| Recurring financial charges | 65 | €1,273 | €1,544 | +€272 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,851 | -€2,201 | -€350 | -18.9% |
| Profit (loss) for the period | 9904 | -€1,851 | -€2,201 | -€350 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,851 | -€2,201 | -€350 | -18.9% |
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 16 October 2026 via checked.be.