INKUBUS: 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.
INKUBUS
Largest movements
- Receivables within one year -€21,318
down €21,318 (-99.7%), from €21,382 to €64
of which Other amounts receivable: -€14,854
- Tangible fixed assets -€15,937
down €15,937 (-23.5%), from €67,892 to €51,955
of which Furniture and vehicles: -€15,633
- Cash -€12,817
down €12,817 (-49.8%), from €25,760 to €12,942
mainly Net result for the year (-€25,053) and Debts after one year (-€11,013)
- Current investments +€10,000
new in 2025: €10,000
- Profit (loss) carried forward -€25,053
new in 2025: -€25,053
- Debts after one year -€11,013
down €11,013 (-32.0%), from €34,424 to €23,410
- Trade debts -€4,132
down €4,132 (-64.8%), from €6,373 to €2,241
- Other debts +€2,326
up €2,326 (+51.3%), from €4,533 to €6,858
- Tax, wage and social debts -€1,494
down €1,494 (-92.5%), from €1,615 to €121
- Gross operating margin -€28,537
down €28,537, from €23,480 to -€5,057
- Depreciation +€10,100
up €10,100 (+246%), from €4,099 to €14,198
- Taxes -€4,220
down €4,220 (-100.0%), from €4,220 to €0
- Financial charges +€2,349
up €2,349 (+713%), from €329 to €2,679
- Other operating charges -€241
down €241 (-20.2%), from €1,195 to €954
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 | €116,663 | €78,164 | -€38,499 | -33.0% |
| Fixed assets | 21/28 | €68,615 | €52,678 | -€15,937 | -23.2% |
| Tangible fixed assets | 22/27 | €67,892 | €51,955 | -€15,937 | -23.5% |
| Plant, machinery and equipment | 23 | €304 | - | -€304 | |
| Furniture and vehicles | 24 | €67,587 | €51,955 | -€15,633 | -23.1% |
| Financial fixed assets | 28 | €723 | €723 | = | 0.0% |
| Current assets | 29/58 | €48,048 | €25,486 | -€22,562 | -47.0% |
| Stocks and contracts in progress | 3 | - | €1,000 | +€1,000 | |
| Stocks | 30/36 | - | €1,000 | +€1,000 | |
| Amounts receivable within one year | 40/41 | €21,382 | €64 | -€21,318 | -99.7% |
| Trade receivables | 40 | €6,463 | - | -€6,463 | |
| Other amounts receivable | 41 | €14,918 | €64 | -€14,854 | -99.6% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €25,760 | €12,942 | -€12,817 | -49.8% |
| Deferred charges and accrued income | 490/1 | €907 | €1,480 | +€573 | +63.2% |
| Total equity and liabilities | 10/49 | €116,663 | €78,164 | -€38,499 | -33.0% |
| Equity | 10/15 | €58,995 | €33,942 | -€25,053 | -42.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €46,595 | €46,595 | = | 0.0% |
| Distributable reserves | 133 | €46,595 | €46,595 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,053 | -€25,053 | |
| Amounts payable | 17/49 | €57,668 | €44,222 | -€13,446 | -23.3% |
| Amounts payable after more than one year | 17 | €34,424 | €23,410 | -€11,013 | -32.0% |
| Financial debts | 170/4 | €34,424 | €23,410 | -€11,013 | -32.0% |
| Amounts payable within one year | 42/48 | €23,096 | €20,234 | -€2,863 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €10,576 | €11,013 | +€437 | +4.1% |
| Trade debts | 44 | €6,373 | €2,241 | -€4,132 | -64.8% |
| Suppliers | 440/4 | €6,373 | €2,241 | -€4,132 | -64.8% |
| Taxes, remuneration and social security | 45 | €1,615 | €121 | -€1,494 | -92.5% |
| Taxes | 450/3 | €1,615 | €121 | -€1,494 | -92.5% |
| Other amounts payable | 47/48 | €4,533 | €6,858 | +€2,326 | +51.3% |
| Accrued charges and deferred income | 492/3 | €148 | €578 | +€430 | +291% |
| Non-recurring operating income | 76A | €13,223 | - | -€13,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,099 | €14,198 | +€10,100 | +246% |
| Other operating charges | 640/8 | €1,195 | €954 | -€241 | -20.2% |
| Non-recurring operating charges | 66A | €18 | €2,275 | +€2,257 | +12,510% |
| Gross operating margin | 9900 | €23,480 | -€5,057 | -€28,537 | |
| Operating profit (loss) | 9901 | €18,168 | -€22,485 | -€40,653 | |
| Financial income | 75/76B | €322 | €110 | -€211 | -65.8% |
| Recurring financial income | 75 | €322 | €110 | -€211 | -65.8% |
| Financial charges | 65/66B | €329 | €2,679 | +€2,349 | +713% |
| Recurring financial charges | 65 | €329 | €2,679 | +€2,349 | +713% |
| Profit (loss) for the period before taxes | 9903 | €18,160 | -€25,053 | -€43,213 | |
| Income taxes | 67/77 | €4,220 | €0 | -€4,220 | -100.0% |
| Profit (loss) for the period | 9904 | €13,940 | -€25,053 | -€38,993 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,940 | -€25,053 | -€38,993 |
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 23 October 2026 via checked.be.