INOCREA: 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.
INOCREA
Largest movements
- Deferred charges and accrued income -€107,490
down €107,490 (-39.0%), from €275,334 to €167,844
- Stocks and contracts +€54,347
up €54,347 (+16.6%), from €326,842 to €381,190
- Intangible fixed assets -€48,269
down €48,269 (-39.0%), from €123,751 to €75,482
- Cash -€44,500
down €44,500 (-33.2%), from €134,068 to €89,568
mainly Trade debts (-€187,774) and Stocks and contracts (-€54,347)
- Trade debts -€187,774
down €187,774 (-21.3%), from €881,601 to €693,827
- Tax, wage and social debts +€57,035
up €57,035 (+18.1%), from €314,648 to €371,683
of which Taxes: +€78,807
- Staff costs +€185,442
up €185,442 (+16.2%), from €1.1m to €1.3m
- Other operating charges -€53,292
down €53,292 (-96.1%), from €55,453 to €2,161
- Taxes -€28,142
down €28,142 (-31.1%), from €90,423 to €62,281
- Gross operating margin -€24,368
down €24,368 (-1.7%), from €1.5m to €1.4m
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 | €1,696,813 | €1,554,928 | -€141,885 | -8.4% |
| Fixed assets | 21/28 | €138,506 | €106,025 | -€32,481 | -23.5% |
| Intangible fixed assets | 21 | €123,751 | €75,482 | -€48,269 | -39.0% |
| Tangible fixed assets | 22/27 | €9,018 | €21,056 | +€12,038 | +133% |
| Furniture and vehicles | 24 | €9,018 | €21,056 | +€12,038 | +133% |
| Financial fixed assets | 28 | €5,737 | €9,487 | +€3,750 | +65.4% |
| Current assets | 29/58 | €1,558,307 | €1,448,903 | -€109,404 | -7.0% |
| Amounts receivable after more than one year | 29 | €76,000 | €76,000 | = | 0.0% |
| Other amounts receivable | 291 | €76,000 | €76,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €326,842 | €381,190 | +€54,347 | +16.6% |
| Stocks | 30/36 | €326,842 | €381,190 | +€54,347 | +16.6% |
| Amounts receivable within one year | 40/41 | €746,063 | €734,302 | -€11,761 | -1.6% |
| Trade receivables | 40 | €744,163 | €729,237 | -€14,926 | -2.0% |
| Other amounts receivable | 41 | €1,900 | €5,065 | +€3,165 | +167% |
| Cash at bank and in hand | 54/58 | €134,068 | €89,568 | -€44,500 | -33.2% |
| Deferred charges and accrued income | 490/1 | €275,334 | €167,844 | -€107,490 | -39.0% |
| Total equity and liabilities | 10/49 | €1,696,813 | €1,554,928 | -€141,885 | -8.4% |
| Equity | 10/15 | €408,171 | €404,930 | -€3,241 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €206,704 | €206,704 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,844 | €204,844 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,867 | €179,626 | -€3,241 | -1.8% |
| Amounts payable | 17/49 | €1,288,642 | €1,149,998 | -€138,644 | -10.8% |
| Amounts payable within one year | 42/48 | €1,288,642 | €1,149,726 | -€138,916 | -10.8% |
| Financial debts | 43 | €80,000 | €80,000 | = | 0.0% |
| Credit institutions | 430/8 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €881,601 | €693,827 | -€187,774 | -21.3% |
| Suppliers | 440/4 | €881,601 | €693,827 | -€187,774 | -21.3% |
| Taxes, remuneration and social security | 45 | €314,648 | €371,683 | +€57,035 | +18.1% |
| Taxes | 450/3 | €144,386 | €223,193 | +€78,807 | +54.6% |
| Remuneration and social security | 454/9 | €170,262 | €148,491 | -€21,772 | -12.8% |
| Other amounts payable | 47/48 | €12,393 | €4,216 | -€8,177 | -66.0% |
| Accrued charges and deferred income | 492/3 | - | €272 | +€272 | |
| Remuneration, social security and pensions | 62 | €1,141,272 | €1,326,714 | +€185,442 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,266 | €54,023 | -€7,243 | -11.8% |
| Other operating charges | 640/8 | €55,453 | €2,161 | -€53,292 | -96.1% |
| Gross operating margin | 9900 | €1,468,756 | €1,444,387 | -€24,368 | -1.7% |
| Operating profit (loss) | 9901 | €210,765 | €61,489 | -€149,275 | -70.8% |
| Financial income | 75/76B | €1,822 | €7,717 | +€5,895 | +324% |
| Recurring financial income | 75 | €1,822 | €7,717 | +€5,895 | +324% |
| Financial charges | 65/66B | €16,770 | €10,166 | -€6,603 | -39.4% |
| Recurring financial charges | 65 | €16,770 | €10,166 | -€6,603 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €195,817 | €59,040 | -€136,777 | -69.8% |
| Income taxes | 67/77 | €90,423 | €62,281 | -€28,142 | -31.1% |
| Profit (loss) for the period | 9904 | €105,394 | -€3,241 | -€108,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,394 | -€3,241 | -€108,635 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.