INKREA: 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.
INKREA
Largest movements
- Cash -€123,268
down €123,268 (-72.6%), from €169,749 to €46,481
mainly Contributions, distributions and other (-€226,546) and Investment in fixed assets (net) (-€68,541)
- Receivables after one year -€50,887
down €50,887 (-100.0%), from €50,887 to €0
- Tangible fixed assets +€44,703
up €44,703 (+15.0%), from €297,675 to €342,378
of which Land and buildings: +€28,276
- Receivables within one year -€10,844
down €10,844 (-50.3%), from €21,565 to €10,721
of which Trade receivables: -€15,738
- Reserves -€226,546
down €226,546 (-48.1%), from €470,680 to €244,134
- Other debts +€107,382
up €107,382 (+579.7%), from €18,523 to €125,904
- Tax, wage and social debts -€18,646
down €18,646 (-78.6%), from €23,722 to €5,076
of which Taxes: -€15,198
- Gross operating margin -€101,550
down €101,550 (-82.5%), from €123,052 to €21,502
- Taxes -€28,566
down €28,566 (-96.2%), from €29,695 to €1,129
- Depreciation +€3,226
up €3,226 (+15.7%), from €20,612 to €23,838
- Financial income -€2,585
down €2,585 (-91.4%), from €2,829 to €244
- Financial charges -€1,664
down €1,664 (-90.2%), from €1,845 to €181
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 | €541,788 | €403,164 | -€138,623 | -25.6% |
| Fixed assets | 21/28 | €297,675 | €342,378 | +€44,703 | +15.0% |
| Tangible fixed assets | 22/27 | €297,675 | €342,378 | +€44,703 | +15.0% |
| Land and buildings | 22 | €276,486 | €304,762 | +€28,276 | +10.2% |
| Furniture and vehicles | 24 | €19,895 | €24,056 | +€4,162 | +20.9% |
| Other tangible fixed assets | 26 | €1,294 | €13,560 | +€12,266 | +948.0% |
| Current assets | 29/58 | €244,113 | €60,786 | -€183,327 | -75.1% |
| Amounts receivable after more than one year | 29 | €50,887 | €0 | -€50,887 | -100.0% |
| Other amounts receivable | 291 | €50,887 | €0 | -€50,887 | -100.0% |
| Amounts receivable within one year | 40/41 | €21,565 | €10,721 | -€10,844 | -50.3% |
| Trade receivables | 40 | €18,736 | €2,999 | -€15,738 | -84.0% |
| Other amounts receivable | 41 | €2,829 | €7,723 | +€4,894 | +173.0% |
| Cash at bank and in hand | 54/58 | €169,749 | €46,481 | -€123,268 | -72.6% |
| Deferred charges and accrued income | 490/1 | €1,911 | €3,584 | +€1,672 | +87.5% |
| Total equity and liabilities | 10/49 | €541,788 | €403,164 | -€138,623 | -25.6% |
| Equity | 10/15 | €495,054 | €263,405 | -€231,649 | -46.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €470,680 | €244,134 | -€226,546 | -48.1% |
| Distributable reserves | 133 | €470,680 | €244,134 | -€226,546 | -48.1% |
| Profit (loss) carried forward | 14 | €18,175 | €13,071 | -€5,103 | -28.1% |
| Amounts payable | 17/49 | €46,734 | €139,760 | +€93,026 | +199.1% |
| Amounts payable after more than one year | 17 | €1,700 | €850 | -€850 | -50.0% |
| Other amounts payable | 178/9 | €1,700 | €850 | -€850 | -50.0% |
| Amounts payable within one year | 42/48 | €44,189 | €135,656 | +€91,467 | +207.0% |
| Financial debts | 43 | €769 | €700 | -€70 | -9.0% |
| Credit institutions | 430/8 | €769 | €700 | -€70 | -9.0% |
| Trade debts | 44 | €1,175 | €3,975 | +€2,801 | +238.5% |
| Suppliers | 440/4 | €1,175 | €3,975 | +€2,801 | +238.5% |
| Taxes, remuneration and social security | 45 | €23,722 | €5,076 | -€18,646 | -78.6% |
| Taxes | 450/3 | €20,275 | €5,076 | -€15,198 | -75.0% |
| Remuneration and social security | 454/9 | €3,447 | €0 | -€3,447 | -100.0% |
| Other amounts payable | 47/48 | €18,523 | €125,904 | +€107,382 | +579.7% |
| Accrued charges and deferred income | 492/3 | €845 | €3,254 | +€2,409 | +285.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,612 | €23,838 | +€3,226 | +15.7% |
| Other operating charges | 640/8 | €1,701 | €1,701 | -€0 | 0.0% |
| Gross operating margin | 9900 | €123,052 | €21,502 | -€101,550 | -82.5% |
| Operating profit (loss) | 9901 | €100,739 | -€4,037 | -€104,776 | |
| Financial income | 75/76B | €2,829 | €244 | -€2,585 | -91.4% |
| Recurring financial income | 75 | €2,829 | €244 | -€2,585 | -91.4% |
| Financial charges | 65/66B | €1,845 | €181 | -€1,664 | -90.2% |
| Recurring financial charges | 65 | €1,845 | €181 | -€1,664 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | €101,723 | -€3,974 | -€105,698 | |
| Income taxes | 67/77 | €29,695 | €1,129 | -€28,566 | -96.2% |
| Profit (loss) for the period | 9904 | €72,028 | -€5,103 | -€77,132 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,028 | -€5,103 | -€77,132 |
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 8 October 2026 via checked.be.