INKONIC: 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.
INKONIC
Largest movements
- Receivables within one year -€13,732
down €13,732 (-31.8%), from €43,117 to €29,385
of which Trade receivables: -€23,544
- Cash -€6,290
down €6,290 (-46.6%), from €13,498 to €7,208
mainly Net result for the year (-€27,488) and Investment in fixed assets (net) (-€9,945)
- Tangible fixed assets -€4,879
down €4,879 (-32.6%), from €14,963 to €10,084
of which Plant, machinery and equipment: -€7,438
- Stocks and contracts +€2,582
up €2,582 (+22.7%), from €11,364 to €13,946
- Profit (loss) carried forward -€27,488
down €27,488 (-87.8%), from €31,312 to €3,824
- Trade debts +€12,482
up €12,482 (+107.6%), from €11,605 to €24,087
- Tax, wage and social debts -€5,613
down €5,613 (-60.7%), from €9,241 to €3,628
of which Taxes: -€4,885
- Debts after one year -€2,515
down €2,515 (-81.8%), from €3,074 to €560
- Gross operating margin -€36,424
down €36,424 (-84.7%), from €43,006 to €6,582
- Staff costs +€7,752
up €7,752 (+87.7%), from €8,836 to €16,588
- Taxes -€3,277
down €3,277 (-96.3%), from €3,402 to €125
- Write-downs -€3,031
no longer reported in 2025 (was €3,031)
- Depreciation +€2,071
up €2,071 (+16.2%), from €12,753 to €14,824
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 | €84,584 | €61,573 | -€23,011 | -27.2% |
| Fixed assets | 21/28 | €15,503 | €10,624 | -€4,879 | -31.5% |
| Tangible fixed assets | 22/27 | €14,963 | €10,084 | -€4,879 | -32.6% |
| Plant, machinery and equipment | 23 | €12,891 | €5,454 | -€7,438 | -57.7% |
| Furniture and vehicles | 24 | €2,072 | €4,630 | +€2,558 | +123.5% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €69,081 | €50,949 | -€18,132 | -26.2% |
| Stocks and contracts in progress | 3 | €11,364 | €13,946 | +€2,582 | +22.7% |
| Stocks | 30/36 | €11,364 | €13,946 | +€2,582 | +22.7% |
| Amounts receivable within one year | 40/41 | €43,117 | €29,385 | -€13,732 | -31.8% |
| Trade receivables | 40 | €40,936 | €17,392 | -€23,544 | -57.5% |
| Other amounts receivable | 41 | €2,181 | €11,993 | +€9,812 | +449.8% |
| Cash at bank and in hand | 54/58 | €13,498 | €7,208 | -€6,290 | -46.6% |
| Deferred charges and accrued income | 490/1 | €1,102 | €410 | -€692 | -62.8% |
| Total equity and liabilities | 10/49 | €84,584 | €61,573 | -€23,011 | -27.2% |
| Equity | 10/15 | €49,962 | €22,474 | -€27,488 | -55.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,312 | €3,824 | -€27,488 | -87.8% |
| Amounts payable | 17/49 | €34,622 | €39,099 | +€4,477 | +12.9% |
| Amounts payable after more than one year | 17 | €3,074 | €560 | -€2,515 | -81.8% |
| Financial debts | 170/4 | €3,074 | €560 | -€2,515 | -81.8% |
| Amounts payable within one year | 42/48 | €31,548 | €38,306 | +€6,758 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €6,504 | €6,347 | -€158 | -2.4% |
| Trade debts | 44 | €11,605 | €24,087 | +€12,482 | +107.6% |
| Suppliers | 440/4 | €11,605 | €24,087 | +€12,482 | +107.6% |
| Taxes, remuneration and social security | 45 | €9,241 | €3,628 | -€5,613 | -60.7% |
| Taxes | 450/3 | €8,513 | €3,628 | -€4,885 | -57.4% |
| Remuneration and social security | 454/9 | €728 | - | -€728 | |
| Other amounts payable | 47/48 | €4,197 | €4,244 | +€47 | +1.1% |
| Accrued charges and deferred income | 492/3 | - | €234 | +€234 | |
| Non-recurring operating income | 76A | - | €2,420 | +€2,420 | |
| Remuneration, social security and pensions | 62 | €8,836 | €16,588 | +€7,752 | +87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,753 | €14,824 | +€2,071 | +16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,031 | - | -€3,031 | |
| Other operating charges | 640/8 | €2,555 | €1,216 | -€1,338 | -52.4% |
| Non-recurring operating charges | 66A | €318 | €671 | +€353 | +111.1% |
| Gross operating margin | 9900 | €43,006 | €6,582 | -€36,424 | -84.7% |
| Operating profit (loss) | 9901 | €15,513 | -€26,718 | -€42,231 | |
| Financial income | 75/76B | €614 | €361 | -€254 | -41.3% |
| Recurring financial income | 75 | €614 | €361 | -€254 | -41.3% |
| Financial charges | 65/66B | €672 | €1,006 | +€334 | +49.8% |
| Recurring financial charges | 65 | €672 | €1,006 | +€334 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | €15,456 | -€27,363 | -€42,819 | |
| Income taxes | 67/77 | €3,402 | €125 | -€3,277 | -96.3% |
| Profit (loss) for the period | 9904 | €12,054 | -€27,488 | -€39,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,054 | -€27,488 | -€39,542 |
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 5 October 2026 via checked.be.