Incura: 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.
Incura
Largest movements
- Financial fixed assets +€597,383
new in 2025: €597,383
- Cash -€61,065
down €61,065 (-73.1%), from €83,534 to €22,469
mainly Investment in fixed assets (net) (-€597,383) and Receivables after one year (-€22,458)
- Receivables after one year +€22,458
new in 2025: €22,458
- Tangible fixed assets -€14,241
down €14,241 (-23.6%), from €60,306 to €46,066
of which Furniture and vehicles: -€13,713
- Profit (loss) carried forward +€239,819
up €239,819 (+339%), from €70,769 to €310,588
- Short-term financial debts +€227,500
new in 2025: €227,500
- Debts after one year +€64,063
up €64,063 (+244%), from €26,279 to €90,342
- Other debts +€8,424
up €8,424 (+23.9%), from €35,191 to €43,615
- Current portion of long-term debt +€8,137
up €8,137 (+76.2%), from €10,685 to €18,823
- Financial income +€225,259
up €225,259 (+10,428,652%), from €2 to €225,261
- Gross operating margin +€32,431
up €32,431 (+131%), from €24,681 to €57,112
- Financial charges +€19,902
up €19,902 (+882%), from €2,256 to €22,158
- Depreciation +€3,813
up €3,813 (+35.7%), from €10,669 to €14,482
- Taxes +€2,445
up €2,445 (+82.9%), from €2,949 to €5,394
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 | €157,469 | €703,785 | +€546,316 | +347% |
| Formation expenses | 20 | €364 | €123 | -€241 | -66.3% |
| Fixed assets | 21/28 | €60,306 | €643,448 | +€583,142 | +967% |
| Tangible fixed assets | 22/27 | €60,306 | €46,066 | -€14,241 | -23.6% |
| Plant, machinery and equipment | 23 | €820 | €292 | -€528 | -64.3% |
| Furniture and vehicles | 24 | €59,487 | €45,774 | -€13,713 | -23.1% |
| Financial fixed assets | 28 | - | €597,383 | +€597,383 | |
| Current assets | 29/58 | €96,798 | €60,214 | -€36,585 | -37.8% |
| Amounts receivable after more than one year | 29 | - | €22,458 | +€22,458 | |
| Trade receivables | 290 | - | €22,458 | +€22,458 | |
| Amounts receivable within one year | 40/41 | €12,514 | €13,723 | +€1,209 | +9.7% |
| Trade receivables | 40 | €12,514 | €11,616 | -€898 | -7.2% |
| Other amounts receivable | 41 | - | €2,107 | +€2,107 | |
| Cash at bank and in hand | 54/58 | €83,534 | €22,469 | -€61,065 | -73.1% |
| Deferred charges and accrued income | 490/1 | €750 | €1,564 | +€814 | +109% |
| Total equity and liabilities | 10/49 | €157,469 | €703,785 | +€546,316 | +347% |
| Equity | 10/15 | €75,769 | €315,588 | +€239,819 | +317% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,769 | €310,588 | +€239,819 | +339% |
| Amounts payable | 17/49 | €81,700 | €388,197 | +€306,497 | +375% |
| Amounts payable after more than one year | 17 | €26,279 | €90,342 | +€64,063 | +244% |
| Financial debts | 170/4 | €26,279 | €90,342 | +€64,063 | +244% |
| Amounts payable within one year | 42/48 | €55,421 | €296,878 | +€241,457 | +436% |
| Current portion of amounts payable after more than one year | 42 | €10,685 | €18,823 | +€8,137 | +76.2% |
| Financial debts | 43 | - | €227,500 | +€227,500 | |
| Credit institutions | 430/8 | - | €227,500 | +€227,500 | |
| Trade debts | 44 | €1,874 | €1,226 | -€648 | -34.6% |
| Suppliers | 440/4 | €1,874 | €1,226 | -€648 | -34.6% |
| Taxes, remuneration and social security | 45 | €7,670 | €5,714 | -€1,957 | -25.5% |
| Taxes | 450/3 | €7,670 | €5,714 | -€1,957 | -25.5% |
| Other amounts payable | 47/48 | €35,191 | €43,615 | +€8,424 | +23.9% |
| Accrued charges and deferred income | 492/3 | - | €977 | +€977 | |
| Non-recurring operating income | 76A | €890 | - | -€890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,669 | €14,482 | +€3,813 | +35.7% |
| Other operating charges | 640/8 | €640 | €520 | -€120 | -18.8% |
| Gross operating margin | 9900 | €24,681 | €57,112 | +€32,431 | +131% |
| Operating profit (loss) | 9901 | €13,372 | €42,110 | +€28,738 | +215% |
| Financial income | 75/76B | €2 | €225,261 | +€225,259 | +10,428,652% |
| Recurring financial income | 75 | €2 | €225,261 | +€225,259 | +10,428,652% |
| Financial charges | 65/66B | €2,256 | €22,158 | +€19,902 | +882% |
| Recurring financial charges | 65 | €2,256 | €22,158 | +€19,902 | +882% |
| Profit (loss) for the period before taxes | 9903 | €11,118 | €245,213 | +€234,095 | +2,106% |
| Income taxes | 67/77 | €2,949 | €5,394 | +€2,445 | +82.9% |
| Profit (loss) for the period | 9904 | €8,169 | €239,819 | +€231,650 | +2,836% |
| Profit (loss) for the period to be appropriated | 9905 | €8,169 | €239,819 | +€231,650 | +2,836% |
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 28 October 2026 via checked.be.