InCigno: 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.
InCigno
Largest movements
- Receivables within one year +€251,851
up €251,851 (+1,064%), from €23,680 to €275,531
of which Trade receivables: +€169,945
- Tangible fixed assets -€170,814
down €170,814 (-98.8%), from €172,855 to €2,041
of which Land and buildings: -€169,945
- Intangible fixed assets -€74,286
down €74,286 (-37.9%), from €195,773 to €121,487
- Deferred charges and accrued income -€63,194
down €63,194 (-35.2%), from €179,612 to €116,418
- Debts after one year -€68,314
down €68,314 (-21.7%), from €314,578 to €246,264
- Other debts -€41,400
down €41,400 (-94.8%), from €43,670 to €2,270
- Reserves +€34,383
up €34,383 (+40.1%), from €85,799 to €120,182
- Current portion of long-term debt +€20,287
up €20,287 (+30.3%), from €66,845 to €87,132
- Accrued charges and deferred income -€20,000
down €20,000 (-100%), from €20,000 to €0
- Staff costs +€80,093
up €80,093 (+50.5%), from €158,509 to €238,602
- Gross operating margin +€43,245
up €43,245 (+12.0%), from €360,284 to €403,529
- Depreciation -€10,689
down €10,689 (-12.5%), from €85,844 to €75,155
- Taxes +€4,168
up €4,168 (+35.3%), from €11,801 to €15,969
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €632,213 | €574,546 | -€57,667 | -9.1% |
| Fixed assets | 21/28 | €426,128 | €181,028 | -€245,100 | -57.5% |
| Intangible fixed assets | 21 | €195,773 | €121,487 | -€74,286 | -37.9% |
| Tangible fixed assets | 22/27 | €172,855 | €2,041 | -€170,814 | -98.8% |
| Land and buildings | 22 | €169,945 | €0 | -€169,945 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,910 | €2,041 | -€869 | -29.9% |
| Financial fixed assets | 28 | €57,500 | €57,500 | = | 0.0% |
| Current assets | 29/58 | €206,085 | €393,518 | +€187,433 | +90.9% |
| Amounts receivable within one year | 40/41 | €23,680 | €275,531 | +€251,851 | +1,064% |
| Trade receivables | 40 | €5,353 | €175,299 | +€169,945 | +3,175% |
| Other amounts receivable | 41 | €18,327 | €100,232 | +€81,906 | +447% |
| Cash at bank and in hand | 54/58 | €2,793 | €1,568 | -€1,225 | -43.8% |
| Deferred charges and accrued income | 490/1 | €179,612 | €116,418 | -€63,194 | -35.2% |
| Total equity and liabilities | 10/49 | €632,213 | €574,546 | -€57,667 | -9.1% |
| Equity | 10/15 | €91,999 | €126,382 | +€34,383 | +37.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,799 | €120,182 | +€34,383 | +40.1% |
| Distributable reserves | 133 | €85,799 | €120,182 | +€34,383 | +40.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €540,214 | €448,164 | -€92,050 | -17.0% |
| Amounts payable after more than one year | 17 | €314,578 | €246,264 | -€68,314 | -21.7% |
| Financial debts | 170/4 | €314,578 | €246,264 | -€68,314 | -21.7% |
| Amounts payable within one year | 42/48 | €205,636 | €201,900 | -€3,736 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €66,845 | €87,132 | +€20,287 | +30.3% |
| Financial debts | 43 | €4,193 | €0 | -€4,193 | -100% |
| Credit institutions | 430/8 | €4,193 | €0 | -€4,193 | -100% |
| Trade debts | 44 | €21,118 | €23,924 | +€2,806 | +13.3% |
| Suppliers | 440/4 | €21,118 | €23,924 | +€2,806 | +13.3% |
| Taxes, remuneration and social security | 45 | €69,810 | €88,574 | +€18,764 | +26.9% |
| Taxes | 450/3 | €49,104 | €36,374 | -€12,730 | -25.9% |
| Remuneration and social security | 454/9 | €20,706 | €52,200 | +€31,494 | +152% |
| Other amounts payable | 47/48 | €43,670 | €2,270 | -€41,400 | -94.8% |
| Accrued charges and deferred income | 492/3 | €20,000 | €0 | -€20,000 | -100% |
| Remuneration, social security and pensions | 62 | €158,509 | €238,602 | +€80,093 | +50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,844 | €75,155 | -€10,689 | -12.5% |
| Other operating charges | 640/8 | €5,049 | €5,907 | +€858 | +17.0% |
| Non-recurring operating charges | 66A | - | €24,250 | +€24,250 | |
| Gross operating margin | 9900 | €360,284 | €403,529 | +€43,245 | +12.0% |
| Operating profit (loss) | 9901 | €110,882 | €59,616 | -€51,267 | -46.2% |
| Financial income | 75/76B | €211 | €642 | +€430 | +203% |
| Recurring financial income | 75 | €211 | €642 | +€430 | +203% |
| Financial charges | 65/66B | €10,425 | €9,906 | -€519 | -5.0% |
| Recurring financial charges | 65 | €10,425 | €9,906 | -€519 | -5.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €100,669 | €50,351 | -€50,318 | -50.0% |
| Income taxes | 67/77 | €11,801 | €15,969 | +€4,168 | +35.3% |
| Profit (loss) for the period | 9904 | €88,868 | €34,383 | -€54,485 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,868 | €34,383 | -€54,485 | -61.3% |
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.