INKART: 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.
INKART
Largest movements
- Tangible fixed assets +€71,995
up €71,995 (+9.4%), from €766,036 to €838,031
of which Furniture and vehicles: +€112,394
- Cash +€19,162
up €19,162 (+18.0%), from €106,670 to €125,832
mainly Depreciation (+€129,767) and Net result for the year (+€104,701)
- Profit (loss) carried forward +€104,701
up €104,701 (+23.2%), from €450,976 to €555,676
- Trade debts -€54,875
down €54,875 (-18.5%), from €297,058 to €242,183
- Current portion of long-term debt +€39,381
up €39,381 (+62.9%), from €62,626 to €102,007
- Other debts -€35,362
down €35,362 (-79.4%), from €44,526 to €9,164
- Debts after one year +€34,716
up €34,716 (+21.8%), from €159,549 to €194,265
- Gross operating margin -€74,400
down €74,400 (-10.9%), from €680,314 to €605,915
- Staff costs -€66,162
down €66,162 (-17.8%), from €371,083 to €304,921
- Depreciation -€30,816
down €30,816 (-19.2%), from €160,583 to €129,767
- Taxes +€13,336
up €13,336 (+122%), from €10,923 to €24,259
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 | €1,248,803 | €1,347,388 | +€98,586 | +7.9% |
| Fixed assets | 21/28 | €767,300 | €852,407 | +€85,107 | +11.1% |
| Intangible fixed assets | 21 | - | €13,112 | +€13,112 | |
| Tangible fixed assets | 22/27 | €766,036 | €838,031 | +€71,995 | +9.4% |
| Land and buildings | 22 | €79,800 | €79,800 | = | 0.0% |
| Plant, machinery and equipment | 23 | €591,749 | €551,351 | -€40,399 | -6.8% |
| Furniture and vehicles | 24 | €94,487 | €206,881 | +€112,394 | +119% |
| Financial fixed assets | 28 | €1,264 | €1,264 | = | 0.0% |
| Current assets | 29/58 | €481,503 | €494,982 | +€13,479 | +2.8% |
| Amounts receivable within one year | 40/41 | €343,449 | €344,197 | +€748 | +0.2% |
| Trade receivables | 40 | €205,724 | €228,504 | +€22,780 | +11.1% |
| Other amounts receivable | 41 | €137,725 | €115,693 | -€22,032 | -16.0% |
| Cash at bank and in hand | 54/58 | €106,670 | €125,832 | +€19,162 | +18.0% |
| Deferred charges and accrued income | 490/1 | €31,385 | €24,953 | -€6,432 | -20.5% |
| Total equity and liabilities | 10/49 | €1,248,803 | €1,347,388 | +€98,586 | +7.9% |
| Equity | 10/15 | €592,007 | €696,708 | +€104,701 | +17.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €66,663 | €66,663 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €59,226 | €59,226 | = | 0.0% |
| Profit (loss) carried forward | 14 | €450,976 | €555,676 | +€104,701 | +23.2% |
| Amounts payable | 17/49 | €656,796 | €650,681 | -€6,115 | -0.9% |
| Amounts payable after more than one year | 17 | €159,549 | €194,265 | +€34,716 | +21.8% |
| Financial debts | 170/4 | €159,549 | €194,265 | +€34,716 | +21.8% |
| Amounts payable within one year | 42/48 | €496,862 | €455,671 | -€41,191 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €62,626 | €102,007 | +€39,381 | +62.9% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €297,058 | €242,183 | -€54,875 | -18.5% |
| Suppliers | 440/4 | €297,058 | €242,183 | -€54,875 | -18.5% |
| Advances received on contracts in progress | 46 | €691 | - | -€691 | |
| Taxes, remuneration and social security | 45 | €41,961 | €52,317 | +€10,356 | +24.7% |
| Taxes | 450/3 | €16,113 | €29,663 | +€13,550 | +84.1% |
| Remuneration and social security | 454/9 | €25,848 | €22,653 | -€3,194 | -12.4% |
| Other amounts payable | 47/48 | €44,526 | €9,164 | -€35,362 | -79.4% |
| Accrued charges and deferred income | 492/3 | €385 | €745 | +€360 | +93.7% |
| Remuneration, social security and pensions | 62 | €371,083 | €304,921 | -€66,162 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,583 | €129,767 | -€30,816 | -19.2% |
| Other operating charges | 640/8 | €31,512 | €34,330 | +€2,818 | +8.9% |
| Gross operating margin | 9900 | €680,314 | €605,915 | -€74,400 | -10.9% |
| Operating profit (loss) | 9901 | €117,137 | €136,897 | +€19,760 | +16.9% |
| Financial income | 75/76B | €6,604 | €6,647 | +€43 | +0.6% |
| Recurring financial income | 75 | €6,604 | €6,647 | +€43 | +0.6% |
| Financial charges | 65/66B | €12,844 | €14,584 | +€1,740 | +13.5% |
| Recurring financial charges | 65 | €12,844 | €14,584 | +€1,740 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €110,897 | €128,960 | +€18,063 | +16.3% |
| Income taxes | 67/77 | €10,923 | €24,259 | +€13,336 | +122% |
| Profit (loss) for the period | 9904 | €99,974 | €104,701 | +€4,727 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €99,974 | €104,701 | +€4,727 | +4.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.