Innovative Coating Solutions: 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.
Innovative Coating Solutions
Largest movements
- Cash -€282,774
down €282,774 (-75.7%), from €373,580 to €90,806
mainly Accrued charges and deferred income (-€281,777) and Investment in fixed assets (net) (-€111,003)
- Tangible fixed assets +€51,953
up €51,953 (+37.6%), from €138,180 to €190,133
of which Plant, machinery and equipment: +€48,809
- Intangible fixed assets +€23,349
up €23,349 (+702%), from €3,327 to €26,676
- Receivables within one year +€11,794
up €11,794 (+49.4%), from €23,859 to €35,653
of which Trade receivables: +€10,478
- Accrued charges and deferred income -€281,777
down €281,777 (-92.2%), from €305,548 to €23,771
- Trade debts +€55,764
up €55,764 (+169%), from €33,015 to €88,779
- Tax, wage and social debts +€16,859
up €16,859 (+58.3%), from €28,911 to €45,770
of which Remuneration and social security: +€13,489
- Other debts +€7,565
up €7,565 (+401%), from €1,885 to €9,450
- Profit (loss) carried forward +€5,911
up €5,911 (+8.0%), from €73,952 to €79,863
- Gross operating margin +€185,159
up €185,159 (+53.9%), from €343,503 to €528,662
- Staff costs +€168,489
up €168,489 (+53.7%), from €313,487 to €481,976
- Depreciation +€24,191
up €24,191 (+210%), from €11,510 to €35,701
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,946 | €343,268 | -€195,678 | -36.3% |
| Fixed assets | 21/28 | €141,507 | €216,809 | +€75,302 | +53.2% |
| Intangible fixed assets | 21 | €3,327 | €26,676 | +€23,349 | +702% |
| Tangible fixed assets | 22/27 | €138,180 | €190,133 | +€51,953 | +37.6% |
| Plant, machinery and equipment | 23 | €101,851 | €150,660 | +€48,809 | +47.9% |
| Furniture and vehicles | 24 | €10,922 | €17,500 | +€6,578 | +60.2% |
| Other tangible fixed assets | 26 | €25,407 | €21,974 | -€3,433 | -13.5% |
| Current assets | 29/58 | €397,439 | €126,459 | -€270,980 | -68.2% |
| Amounts receivable within one year | 40/41 | €23,859 | €35,653 | +€11,794 | +49.4% |
| Trade receivables | 40 | €5,771 | €16,249 | +€10,478 | +182% |
| Other amounts receivable | 41 | €18,088 | €19,403 | +€1,315 | +7.3% |
| Cash at bank and in hand | 54/58 | €373,580 | €90,806 | -€282,774 | -75.7% |
| Total equity and liabilities | 10/49 | €538,946 | €343,268 | -€195,678 | -36.3% |
| Equity | 10/15 | €169,587 | €175,499 | +€5,912 | +3.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €34,135 | €34,135 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €4,135 | €4,135 | +€0 | 0.0% |
| Legal reserve | 130 | €4,135 | €4,135 | +€0 | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,952 | €79,863 | +€5,911 | +8.0% |
| Amounts payable | 17/49 | €369,359 | €167,770 | -€201,589 | -54.6% |
| Amounts payable within one year | 42/48 | €63,811 | €143,999 | +€80,188 | +126% |
| Trade debts | 44 | €33,015 | €88,779 | +€55,764 | +169% |
| Suppliers | 440/4 | €33,015 | €88,779 | +€55,764 | +169% |
| Taxes, remuneration and social security | 45 | €28,911 | €45,770 | +€16,859 | +58.3% |
| Taxes | 450/3 | €7,632 | €11,002 | +€3,370 | +44.2% |
| Remuneration and social security | 454/9 | €21,279 | €34,768 | +€13,489 | +63.4% |
| Other amounts payable | 47/48 | €1,885 | €9,450 | +€7,565 | +401% |
| Accrued charges and deferred income | 492/3 | €305,548 | €23,771 | -€281,777 | -92.2% |
| Remuneration, social security and pensions | 62 | €313,487 | €481,976 | +€168,489 | +53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,510 | €35,701 | +€24,191 | +210% |
| Other operating charges | 640/8 | €482 | €1,127 | +€645 | +134% |
| Gross operating margin | 9900 | €343,503 | €528,662 | +€185,159 | +53.9% |
| Operating profit (loss) | 9901 | €18,024 | €9,858 | -€8,166 | -45.3% |
| Financial income | 75/76B | €4,030 | €0 | -€4,030 | -100.0% |
| Recurring financial income | 75 | €4,030 | €0 | -€4,030 | -100.0% |
| Financial charges | 65/66B | €1,099 | €1,043 | -€56 | -5.1% |
| Recurring financial charges | 65 | €1,099 | €1,043 | -€56 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €20,955 | €8,815 | -€12,140 | -57.9% |
| Income taxes | 67/77 | €4,314 | €2,904 | -€1,410 | -32.7% |
| Profit (loss) for the period | 9904 | €16,641 | €5,911 | -€10,730 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,641 | €5,911 | -€10,730 | -64.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.