INNCLUSIVE: 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.
INNCLUSIVE
Largest movements
- Cash +€37,858
up €37,858 (+8.6%), from €438,890 to €476,748
mainly Net result for the year (+€137,776) and Depreciation (+€3,200)
- Profit (loss) carried forward +€137,776
up €137,776 (+16.3%), from -€845,788 to -€708,013
- Debts after one year -€84,686
down €84,686 (-7.5%), from €1.1m to €1.0m
of which Financial debts: -€85,721
- Other debts -€11,298
down €11,298 (-3.9%), from €291,633 to €280,335
- Gross operating margin +€31,708
up €31,708 (+16.6%), from €190,563 to €222,271
- Staff costs -€9,832
down €9,832 (-9.4%), from €104,820 to €94,988
- Financial charges -€6,502
down €6,502 (-69.6%), from -€9,338 to -€15,840
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €610,030 | €642,472 | +€32,442 | +5.3% |
| Fixed assets | 21/28 | €14,738 | €11,538 | -€3,200 | -21.7% |
| Tangible fixed assets | 22/27 | €14,738 | €11,538 | -€3,200 | -21.7% |
| Furniture and vehicles | 24 | €14,738 | €11,538 | -€3,200 | -21.7% |
| Current assets | 29/58 | €595,293 | €630,935 | +€35,642 | +6.0% |
| Amounts receivable within one year | 40/41 | €156,082 | €153,792 | -€2,290 | -1.5% |
| Trade receivables | 40 | €156,082 | €153,792 | -€2,290 | -1.5% |
| Cash at bank and in hand | 54/58 | €438,890 | €476,748 | +€37,858 | +8.6% |
| Deferred charges and accrued income | 490/1 | €321 | €395 | +€74 | +23.0% |
| Total equity and liabilities | 10/49 | €610,030 | €642,472 | +€32,442 | +5.3% |
| Equity | 10/15 | -€827,188 | -€689,413 | +€137,776 | +16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€845,788 | -€708,013 | +€137,776 | +16.3% |
| Amounts payable | 17/49 | €1,437,218 | €1,331,885 | -€105,334 | -7.3% |
| Amounts payable after more than one year | 17 | €1,124,317 | €1,039,630 | -€84,686 | -7.5% |
| Financial debts | 170/4 | €884,786 | €799,065 | -€85,721 | -9.7% |
| Other amounts payable | 178/9 | €239,531 | €240,565 | +€1,034 | +0.4% |
| Amounts payable within one year | 42/48 | €312,902 | €292,255 | -€20,647 | -6.6% |
| Trade debts | 44 | €5,271 | €945 | -€4,326 | -82.1% |
| Suppliers | 440/4 | €5,271 | €945 | -€4,326 | -82.1% |
| Taxes, remuneration and social security | 45 | €15,998 | €10,974 | -€5,024 | -31.4% |
| Taxes | 450/3 | €4,084 | €832 | -€3,252 | -79.6% |
| Remuneration and social security | 454/9 | €11,914 | €10,142 | -€1,772 | -14.9% |
| Other amounts payable | 47/48 | €291,633 | €280,335 | -€11,298 | -3.9% |
| Remuneration, social security and pensions | 62 | €104,820 | €94,988 | -€9,832 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,262 | €3,200 | +€1,938 | +153.5% |
| Other operating charges | 640/8 | €2,052 | €2,132 | +€80 | +3.9% |
| Gross operating margin | 9900 | €190,563 | €222,271 | +€31,708 | +16.6% |
| Operating profit (loss) | 9901 | €82,429 | €121,952 | +€39,523 | +47.9% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | -€9,338 | -€15,840 | -€6,502 | -69.6% |
| Recurring financial charges | 65 | -€9,338 | -€15,840 | -€6,502 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €91,772 | €137,792 | +€46,020 | +50.1% |
| Income taxes | 67/77 | €55 | €16 | -€39 | -70.5% |
| Profit (loss) for the period | 9904 | €91,717 | €137,776 | +€46,059 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,717 | €137,776 | +€46,059 | +50.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.